Golf Balls Price in Myanmar - 2022
Contents:
- Golf Balls Price in Myanmar (FOB) - 2022
- Golf Balls Price in Myanmar (CIF) - 2022
- Golf Balls Exports in Myanmar
- Golf Balls Imports in Myanmar
Golf Balls Price in Myanmar (FOB) - 2022
In 2022, the average golf balls export price amounted to $1,058 per unit, rising by 2,171% against the previous year. In general, the export price enjoyed significant growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Peru ($18 per unit), while the average price for exports to the United States totaled $18 per unit.
From 2019 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+45.9%).
Golf Balls Price in Myanmar (CIF) - 2022
The average golf balls import price stood at $0.3 per unit in 2022, with a decrease of -68.2% against the previous year. Over the period under review, the import price recorded a drastic downturn. The most prominent rate of growth was recorded in 2015 when the average import price increased by 166% against the previous year. As a result, import price attained the peak level of $13 per unit. From 2016 to 2022, the average import prices remained at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Indonesia ($17 per unit) and South Korea ($17 per unit), while the price for Japan ($16 per unit) and Thailand ($17 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+8.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Golf Balls Exports in Myanmar
In 2022, shipments abroad of golf ballses decreased by -96.9% to 1.4K units for the first time since 2018, thus ending a three-year rising trend. In general, exports faced a dramatic descent. The pace of growth appeared the most rapid in 2020 when exports increased by 180%. The exports peaked at 46K units in 2021, and then contracted sharply in the following year.
In value terms, golf balls exports declined notably to $1.5M in 2022. Overall, exports, however, saw significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 151%. As a result, the exports reached the peak of $2.1M, and then declined rapidly in the following year.
| Export of Golf Balls in Myanmar (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | N/A | N/A | N/A | 20.3 | 0% |
| Peru | N/A | N/A | N/A | 4.3 | 0% |
| Thailand | N/A | 1.6 | 1,252 | N/A | 78150.0% |
| Kuwait | N/A | N/A | 856 | N/A | 0% |
| Singapore | 434 | 844 | N/A | N/A | 94.5% |
| Others | N/A | N/A | 16.1 | 1,460 | 8968.3% |
| Total | 434 | 846 | 2,124 | 1,485 | 50.7% |
Top Export Markets for Golf Balls from Myanmar in 2022:
- United States (1125.0 units)
- Peru (236.0 units)
Golf Balls Imports in Myanmar
In 2022, approx. 245K units of golf ballses were imported into Myanmar; picking up by 592% on 2021. Overall, imports showed a buoyant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, golf balls imports skyrocketed to $84K in 2022. Over the period under review, imports, however, showed a dramatic downturn. Over the period under review, imports reached the maximum at $238K in 2019; however, from 2020 to 2022, imports remained at a lower figure.
| Import of Golf Balls in Myanmar (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | N/A | N/A | N/A | 30.7 | 0% |
| Taiwan (Chinese) | 22.6 | 6.6 | 7.8 | 24.9 | 3.3% |
| South Korea | 7.5 | N/A | 12.6 | 13.6 | 21.9% |
| China | 163 | 0.4 | 12.7 | 12.6 | -57.4% |
| Thailand | 1.8 | 19.0 | 2.8 | 1.7 | -1.9% |
| Japan | 10.8 | 8.7 | 1.7 | 0.1 | -79.0% |
| Vietnam | 25.0 | N/A | N/A | N/A | 0% |
| United States | 0.7 | 41.5 | N/A | N/A | 5828.6% |
| Singapore | 7.2 | N/A | 0.1 | N/A | -88.2% |
| Others | N/A | 0.2 | 0.3 | N/A | 50.0% |
| Total | 238 | 76.4 | 37.9 | 83.6 | -29.4% |
Top Suppliers of Golf Balls to Myanmar in 2022:
- Japan (undefinedK units)
- Indonesia (1.9K units)
- Taiwan (Chinese) (1.5K units)
- China (0.8K units)
- South Korea (0.8K units)
- Thailand (0.1K units)
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