Golf Balls Price in Indonesia - 2022
Contents:
- Golf Balls Price in Indonesia (FOB) - 2022
- Golf Balls Price in Indonesia (CIF) - 2022
- Golf Balls Exports in Indonesia
- Golf Balls Imports in Indonesia
Golf Balls Price in Indonesia (FOB) - 2022
In 2022, the average golf balls export price amounted to $8,269 per ton, increasing by 9.6% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. Over the period under review, the average export prices attained the peak figure at $8,588 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Australia ($9,636 per ton) and the United States ($8,903 per ton), while the average price for exports to Japan ($6,820 per ton) and the UK ($7,108 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+0.6%), while the prices for the other major destinations experienced mixed trend patterns.
Golf Balls Price in Indonesia (CIF) - 2022
In 2022, the average golf balls import price amounted to $15,188 per ton, jumping by 16% against the previous year. In general, the import price showed a strong expansion. The pace of growth was the most pronounced in 2017 an increase of 230% against the previous year. Over the period under review, average import prices reached the peak figure at $16,830 per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Thailand ($54,725 per ton), while the price for Singapore ($4,678 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+19.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Golf Balls Exports in Indonesia
In 2022, the amount of golf ballses exported from Indonesia contracted to 3.6K tons, shrinking by -6.2% compared with the previous year's figure. In general, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 21%. As a result, the exports attained the peak of 3.9K tons, and then fell in the following year.
In value terms, golf balls exports stood at $30M in 2022. The total export value increased at an average annual rate of +4.6% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 32% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in years to come.
| Export of Golf Balls in Indonesia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 13.5 | 11.1 | 15.1 | 15.3 | 4.3% |
| United Kingdom | 5.7 | 3.6 | 4.3 | 4.5 | -7.6% |
| Netherlands | 1.4 | 2.1 | 3.3 | 3.3 | 33.1% |
| Australia | 1.1 | 1.1 | 1.6 | 1.7 | 15.6% |
| South Korea | 1.1 | 1.3 | 1.5 | 1.5 | 10.9% |
| Canada | 1.2 | 1.2 | 1.3 | 1.3 | 2.7% |
| Malaysia | 0.7 | 0.4 | 0.7 | 0.7 | 0.0% |
| Others | 1.5 | 1.2 | 1.4 | 1.6 | 2.2% |
| Total | 26.1 | 22.1 | 29.1 | 29.9 | 4.6% |
Top Export Markets for Golf Balls from Indonesia in 2022:
- United States (1722.2 tons)
- United Kingdom (638.1 tons)
- Netherlands (435.5 tons)
- South Korea (201.4 tons)
- Australia (173.3 tons)
- Canada (172.2 tons)
- Malaysia (86.0 tons)
Golf Balls Imports in Indonesia
Golf balls imports into Indonesia soared to 302 tons in 2022, increasing by 88% on the previous year. Over the period under review, imports saw a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 233%. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in the near future.
In value terms, golf balls imports surged to $4.6M in 2022. Overall, imports recorded significant growth. The growth pace was the most rapid in 2021 when imports increased by 220%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.
| Import of Golf Balls in Indonesia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 90.3 | 124 | 513 | 1,114 | 131.1% |
| Thailand | 121 | 140 | 420 | 913 | 96.1% |
| Malaysia | 199 | 102 | 310 | 674 | 50.2% |
| Taiwan (Chinese) | 99.1 | 52.9 | 268 | 583 | 80.5% |
| Singapore | 53.2 | 20.7 | 147 | 319 | 81.7% |
| South Korea | 66.3 | 63.0 | 144 | 313 | 67.8% |
| Japan | 147 | 61.2 | 137 | 297 | 26.4% |
| Others | 148 | 92.2 | 158 | 380 | 36.9% |
| Total | 924 | 656 | 2,097 | 4,592 | 70.7% |
Top Suppliers of Golf Balls to Indonesia in 2022:
- China (139.1 tons)
- Singapore (68.1 tons)
- Taiwan (Chinese) (25.7 tons)
- Thailand (16.7 tons)
- Malaysia (16.2 tons)
- Japan (12.6 tons)
- South Korea (9.0 tons)
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