Golf Balls Price in Japan - 2023
Contents:
- Golf Balls Price in Japan (CIF) - 2023
- Golf Balls Price in Japan (FOB) - 2023
- Golf Balls Imports in Japan
- Golf Balls Exports in Japan
Golf Balls Price in Japan (CIF) - 2023
In July 2023, the average golf balls import price amounted to $796 per thousand units, which is down by -7.5% against the previous month. Overall, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in October 2022 when the average import price increased by 35% against the previous month. Over the period under review, average import prices reached the peak figure at $986 per thousand units in April 2023; however, from May 2023 to July 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Thailand ($2.4 per unit), while the price for Taiwan (Chinese) ($515 per thousand units) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by South Korea (+2.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Golf Balls Price in Japan (FOB) - 2023
The average golf balls export price stood at $556 per thousand units in July 2023, picking up by 8.5% against the previous month. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in January 2023 an increase of 68% month-to-month. As a result, the export price reached the peak level of $0.8 per unit. From February 2023 to July 2023, the the average export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was South Africa ($633 per thousand units), while the average price for exports to the Netherlands ($277 per thousand units) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+2.9%), while the prices for the other major destinations experienced more modest paces of growth.
Golf Balls Imports in Japan
Golf balls imports into Japan expanded rapidly to 112M units in 2022, rising by 6.4% against 2021 figures. The total import volume increased at an average annual rate of +1.8% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 18% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to see gradual growth in years to come.
In value terms, golf balls imports expanded markedly to $98M in 2022. The total import value increased at an average annual rate of +3.1% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 19% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.
| Import of Golf Balls in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 29.2 | 24.6 | 23.4 | 28.8 | -0.5% |
| Taiwan (Chinese) | 27.8 | 23.3 | 29.6 | 27.7 | -0.1% |
| Thailand | 20.2 | 16.9 | 22.4 | 24.6 | 6.8% |
| Vietnam | 3.2 | 2.5 | 3.1 | 7.1 | 30.4% |
| China | 1.8 | 0.6 | 3.1 | 3.2 | 21.1% |
| South Korea | 3.8 | 3.7 | 4.4 | 3.2 | -5.6% |
| Indonesia | 3.1 | 4.6 | 5.3 | 3.0 | -1.1% |
| Others | 0.1 | 0.4 | N/A | 0.1 | 0.0% |
| Total | 89.1 | 76.7 | 91.3 | 97.8 | 3.2% |
Top Suppliers of Golf Balls to Japan in 2022:
- Taiwan (Chinese) (1.7M units)
- United States (1.7M units)
- Thailand (1.5M units)
- Vietnam (0.4M units)
- Indonesia (0.2M units)
- China (0.2M units)
- South Korea (0.2M units)
Golf Balls Exports in Japan
In 2022, the amount of golf ballses exported from Japan expanded to 42M units, increasing by 3.7% compared with 2021. The total export volume increased at an average annual rate of +8.4% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 21% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the near future.
In value terms, golf balls exports rose slightly to $22M in 2022. In general, total exports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +14.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +48.4% against 2019 indices. The pace of growth was the most pronounced in 2021 when exports increased by 27%. The exports peaked in 2022 and are likely to see gradual growth in the near future.
| Export of Golf Balls in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 6.0 | 7.1 | 10.3 | 10.3 | 19.7% |
| United States | 3.3 | 3.1 | 2.8 | 4.7 | 12.5% |
| United Kingdom | 1.5 | 1.2 | 1.9 | 1.4 | -2.3% |
| Australia | 0.7 | 1.2 | 1.4 | 1.1 | 16.3% |
| Netherlands | 0.5 | 0.8 | 1.1 | 0.7 | 11.9% |
| Canada | 0.1 | 0.1 | 0.1 | 0.6 | 81.7% |
| Thailand | 0.5 | 0.3 | 0.5 | 0.5 | 0.0% |
| Taiwan (Chinese) | 0.4 | 0.5 | 0.6 | 0.4 | 0.0% |
| South Africa | 0.4 | 0.4 | 0.3 | 0.4 | 0.0% |
| Malaysia | 0.3 | 0.3 | 0.5 | 0.4 | 10.1% |
| China | 0.3 | 0.5 | 0.7 | 0.4 | 10.1% |
| Others | 0.7 | 0.9 | 0.8 | 0.9 | 8.7% |
| Total | 14.7 | 16.5 | 21.0 | 21.8 | 14.0% |
Top Export Markets for Golf Balls from Japan in 2022:
- Canada (undefinedM units)
- Taiwan (Chinese) (undefinedM units)
- South Africa (undefinedM units)
- Malaysia (undefinedM units)
- Netherlands (undefinedM units)
- China (undefinedM units)
- Thailand (undefinedM units)
- South Korea (0.6M units)
- United States (0.3M units)
- Australia (0.1M units)
- United Kingdom (0.1M units)
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