Golf Balls Price in Singapore - 2022
Contents:
- Golf Balls Price in Singapore (CIF) - 2022
- Golf Balls Price in Singapore (FOB) - 2022
- Golf Balls Imports in Singapore
- Golf Balls Exports in Singapore
Golf Balls Price in Singapore (CIF) - 2022
The average golf balls import price stood at $5.6 per unit in 2022, standing approx. at the previous year. In general, the import price, however, saw strong growth. The most prominent rate of growth was recorded in 2021 an increase of 87% against the previous year. As a result, import price attained the peak level of $5.6 per unit, leveling off in the following year.
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 Japan ($17 per unit), while the price for Thailand ($17 per unit) and South Korea ($17 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+1.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Golf Balls Price in Singapore (FOB) - 2022
The average golf balls export price stood at $6.2 per unit in 2022, growing by 28% against the previous year. In general, the export price recorded strong growth. The pace of growth was the most pronounced in 2021 when the average export price increased by 87%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in years to come.
Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Vietnam ($18 per unit) and India ($18 per unit), while the average price for exports to Indonesia ($18 per unit) and the Philippines ($18 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (+3.7%), while the prices for the other major destinations experienced more modest paces of growth.
Golf Balls Imports in Singapore
After two years of decline, overseas purchases of golf ballses increased by 30% to 2M units in 2022. Over the period under review, imports, however, saw a deep setback. Over the period under review, imports reached the peak figure at 3.1M units in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, golf balls imports soared to $11M in 2022. In general, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +9.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +81.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 40% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Golf Balls in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 3.2 | 3.2 | 4.4 | 6.6 | 27.3% |
| United States | 3.9 | 1.9 | 1.8 | 2.5 | -13.8% |
| Taiwan (Chinese) | 0.7 | 0.6 | 1.1 | 1.0 | 12.6% |
| Indonesia | 0.2 | 0.2 | 0.6 | 0.4 | 26.0% |
| China | 0.3 | 0.2 | 0.2 | 0.3 | 0.0% |
| South Korea | 0.1 | 0.1 | 0.4 | 0.2 | 26.0% |
| Others | 0.2 | 0.2 | 0.3 | 0.3 | 14.5% |
| Total | 8.6 | 6.2 | 8.7 | 11.3 | 9.5% |
Top Suppliers of Golf Balls to Singapore in 2022:
- Thailand (397.2K units)
- United States (149.7K units)
- Taiwan (Chinese) (57.6K units)
- Indonesia (25.4K units)
- China (19.0K units)
- South Korea (15.0K units)
Golf Balls Exports in Singapore
Golf balls exports from Singapore skyrocketed to 896K units in 2022, with an increase of 44% compared with 2021. In general, total exports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +18.8% 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 +67.8% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, golf balls exports surged to $5.6M in 2022. Overall, exports posted a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Golf Balls in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 22.3 | 69.9 | 95.8 | 1,797 | 331.9% |
| Indonesia | 675 | 938 | 2,042 | 1,658 | 34.9% |
| Thailand | 103 | 78.5 | 103 | 572 | 77.1% |
| India | 263 | 158 | 284 | 439 | 18.6% |
| Malaysia | 208 | 201 | 108 | 348 | 18.7% |
| Myanmar | 9.0 | N/A | 0.2 | 343 | 236.5% |
| South Korea | 237 | 262 | 215 | 204 | -4.9% |
| Philippines | 305 | 93.5 | 125 | 83.2 | -35.1% |
| Others | 81.1 | 194 | 64.2 | 141 | 20.2% |
| Total | 1,904 | 1,994 | 3,037 | 5,587 | 43.2% |
Top Export Markets for Golf Balls from Singapore in 2022:
- Vietnam (99.6K units)
- Indonesia (91.8K units)
- Thailand (31.7K units)
- India (24.3K units)
- Malaysia (19.3K units)
- Myanmar (19.0K units)
- South Korea (11.3K units)
- Philippines (4.6K units)
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