Golf Balls Price in Kuwait - 2021

Golf Balls Price in Kuwait (CIF) - 2022

The average golf balls import price stood at $2 per unit in 2022, waning by -35% against the previous year. Over the period under review, the import price continues to indicate a slight contraction. The pace of growth was the most pronounced in 2016 an increase of 147%. Over the period under review, average import prices hit record highs at $3.9 per unit in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Pakistan ($12 per unit), while the price for Canada ($1.1 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pakistan (+15.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Golf Balls Price in Kuwait (FOB) - 2022

In 2021, the average golf balls export price amounted to $6.4 per unit, falling by -37.7% against the previous year. In general, the export price, however, saw notable growth. The most prominent rate of growth was recorded in 2016 an increase of 74% against the previous year. As a result, the export price attained the peak level of $15 per unit. From 2017 to 2021, the average export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for the United Arab Emirates.

From 2013 to 2021, the rate of growth in terms of prices for the United Arab Emirates amounted to 0.0% per year.

Golf Balls Imports in Kuwait

In 2022, approx. 77K units of golf ballses were imported into Kuwait; rising by 62% compared with the year before. In general, imports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 190% against the previous year. As a result, imports attained the peak of 106K units. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, golf balls imports rose rapidly to $156K in 2022. The total import value increased at an average annual rate of +7.1% from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 29% against the previous year. As a result, imports reached the peak of $165K. From 2021 to 2022, the growth of imports failed to regain momentum.

Import of Golf Balls in Kuwait (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	5.8	46.9	3.7	41.2	92.2%
Canada	0.6	6.9	0.8	8.3	140.1%
Taiwan (Chinese)	2.6	11.9	0.2	6.1	32.9%
India	0.8	0.2	0.1	1.5	23.3%
Others	118	98.8	144	99.3	-5.6%
Total	127	165	148	156	7.1%

Top Suppliers of Golf Balls to Kuwait in 2022:

Canada (7.7K units)
China (5.7K units)
Taiwan (Chinese) (0.8K units)
India (0.4K units)

Golf Balls Exports in Kuwait

In 2022, exports of golf ballses from Kuwait plummeted to 174 units, waning by -30.1% on 2021. Overall, exports, however, posted a resilient increase. The pace of growth appeared the most rapid in 2021 when exports increased by 149% against the previous year. As a result, the exports reached the peak of 249 units, and then fell dramatically in the following year.

In value terms, golf balls exports contracted dramatically to $1.3K in 2022. Over the period under review, exports recorded a abrupt slump. The most prominent rate of growth was recorded in 2021 when exports increased by 55%. Over the period under review, the exports attained the peak figure at $1.7K in 2019; however, from 2020 to 2022, the exports remained at a lower figure.