Golf Balls Price in Malaysia - 2021

Contents:

1. Golf Balls Price in Malaysia (CIF) - 2022
2. Golf Balls Price in Malaysia (FOB) - 2022
3. Golf Balls Imports in Malaysia
4. Golf Balls Exports in Malaysia

Golf Balls Price in Malaysia (CIF) - 2022

The average golf balls import price stood at $10,068 per ton in 2022, which is down by -3.4% against the previous year. Over the period under review, the import price recorded a perceptible reduction. The pace of growth appeared the most rapid in 2019 an increase of 10% against the previous year. The import price peaked at $14,214 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Japan ($12,143 per ton) and the United States ($12,143 per ton), while the price for Thailand ($9,547 per ton) and Vietnam ($9,595 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (-1.6%), while the prices for the other major suppliers experienced a decline.

Golf Balls Price in Malaysia (FOB) - 2022

The average golf balls export price stood at $13,817 per ton in 2022, declining by -8.8% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of 24%. Over the period under review, the average export prices hit record highs at $15,439 per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($89,426 per ton), while the average price for exports to Germany ($1,838 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+21.0%), while the prices for the other major destinations experienced more modest paces of growth.

Golf Balls Imports in Malaysia

In 2022, the amount of golf ballses imported into Malaysia fell to 241 tons, shrinking by -12.7% compared with the year before. The total import volume increased at an average annual rate of +2.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 34% against the previous year. As a result, imports reached the peak of 276 tons, and then reduced in the following year.

In value terms, golf balls imports shrank significantly to $2.4M in 2022. The total import value increased at an average annual rate of +1.4% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 46% against the previous year. As a result, imports attained the peak of $2.9M, and then shrank markedly in the following year.

Top Suppliers of Golf Balls to Malaysia in 2022:

1. Indonesia (76.9 tons)
2. China (43.3 tons)
3. Taiwan (Chinese) (34.7 tons)
4. Thailand (26.3 tons)
5. Japan (21.3 tons)
6. Vietnam (11.6 tons)
7. United States (7.8 tons)
8. South Korea (4.1 tons)

Golf Balls Exports in Malaysia

In 2022, approx. 103 tons of golf ballses were exported from Malaysia; dropping by -8.4% compared with the previous year's figure. The total export volume increased at an average annual rate of +1.5% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 20% against the previous year. As a result, the exports reached the peak of 113 tons, and then declined in the following year.

In value terms, golf balls exports declined rapidly to $1.4M in 2022. Overall, exports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by 49%. As a result, the exports reached the peak of $1.7M, and then fell dramatically in the following year.

Top Export Markets for Golf Balls from Malaysia in 2022:

1. Denmark (43.8 tons)
2. Singapore (18.9 tons)
3. Indonesia (12.4 tons)
4. Japan (4.9 tons)
5. Germany (4.3 tons)
6. Vietnam (3.2 tons)
7. Myanmar (2.9 tons)
8. Brunei Darussalam (2.5 tons)
9. Finland (2.1 tons)
10. Philippines (1.0 tons)

Source: IndexBox Market Intelligence Platform