Golf Balls Price in Thailand - 2023
Contents:
- Golf Balls Price in Thailand (FOB) - 2023
- Golf Balls Price in Thailand (CIF) - 2022
- Golf Balls Exports in Thailand
- Golf Balls Imports in Thailand
Golf Balls Price in Thailand (FOB) - 2023
In September 2023, the average golf balls export price amounted to $9.0 per unit, increasing by 5.3% against the previous month. In general, export price indicated a noticeable expansion from September 2022 to September 2023: its price increased at an average monthly rate of +4.3% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2023 figures, golf balls export price increased by +6.1% against June 2023 indices. The most prominent rate of growth was recorded in October 2022 an increase of 53% month-to-month. Over the period under review, the average export prices hit record highs at $10.3 per unit in January 2023; however, from February 2023 to September 2023, the export prices failed to regain momentum.
Average prices varied somewhat for the major export markets. In September 2023, the countries with the highest prices were China ($10.6 per unit) and Japan ($9.6 per unit), while the average price for exports to South Korea ($7.9 per unit) and the Netherlands ($8.8 per unit) were amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to China (+14.8%), while the prices for the other major destinations experienced more modest paces of growth.
Golf Balls Price in Thailand (CIF) - 2022
In 2022, the average golf balls import price amounted to $0.7 per unit, with an increase of 5.3% against the previous year. Over the period under review, the import price, however, recorded a perceptible descent. The most prominent rate of growth was recorded in 2019 an increase of 44% against the previous year. As a result, import price reached the peak level of $1.4 per unit. From 2020 to 2022, the average import prices remained at a somewhat 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 South Korea ($37 per unit), while the price for the United States ($9.5 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+10.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Golf Balls Exports in Thailand
In 2022, the amount of golf ballses exported from Thailand stood at 8.9M units, surging by 14% on the previous year. Overall, exports, however, recorded a precipitous descent. The growth pace was the most rapid in 2021 with an increase of 36% against the previous year. Over the period under review, the exports reached the peak figure at 17M units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, golf balls exports stood at $64M in 2022. The total export value increased at an average annual rate of +9.8% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 31%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the immediate term.
| Export of Golf Balls in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 17.5 | 14.6 | 18.4 | 19.7 | 4.0% |
| South Korea | 10.8 | 10.9 | 13.2 | 13.5 | 7.7% |
| Japan | 5.1 | 5.6 | 6.5 | 8.1 | 16.7% |
| United Kingdom | 4.9 | 4.7 | 7.8 | 6.4 | 9.3% |
| China | 3.2 | 3.0 | 4.8 | 4.9 | 15.3% |
| Netherlands | 2.3 | 2.2 | 3.0 | 3.4 | 13.9% |
| Canada | 0.8 | 2.4 | 3.3 | 2.6 | 48.1% |
| Australia | 1.4 | 1.9 | 2.2 | 2.6 | 22.9% |
| Others | 2.1 | 1.9 | 2.4 | 2.4 | 4.6% |
| Total | 48.0 | 47.1 | 61.6 | 63.6 | 9.8% |
Top Export Markets for Golf Balls from Thailand in 2022:
- United States (2260.5K units)
- South Korea (1953.0K units)
- Japan (957.9K units)
- United Kingdom (809.1K units)
- China (531.8K units)
- Netherlands (372.4K units)
- Australia (325.5K units)
- Canada (308.8K units)
Golf Balls Imports in Thailand
Golf balls imports into Thailand surged to 6.6M units in 2022, rising by 34% on 2021 figures. In general, imports posted significant growth. The pace of growth was the most pronounced in 2021 with an increase of 136% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the immediate term.
In value terms, golf balls imports soared to $4.5M in 2022. Overall, imports saw strong growth. The most prominent rate of growth was recorded in 2021 when imports increased by 47% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Golf Balls in Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | 657 | 669 | 1,030 | 1,333 | 26.6% |
| United States | 913 | 521 | 670 | 1,006 | 3.3% |
| Japan | 529 | 508 | 664 | 672 | 8.3% |
| South Korea | 174 | 84.2 | 190 | 401 | 32.1% |
| China | 176 | 96.4 | 131 | 373 | 28.4% |
| Switzerland | 24.4 | 5.6 | 131 | 239 | 114.0% |
| Indonesia | 178 | 107 | 176 | 150 | -5.5% |
| Others | 81.4 | 159 | 169 | 280 | 51.0% |
| Total | 2,733 | 2,151 | 3,161 | 4,454 | 17.7% |
Top Suppliers of Golf Balls to Thailand in 2022:
- United States (106.3K units)
- Taiwan (Chinese) (35.7K units)
- Switzerland (22.6K units)
- Japan (18.0K units)
- South Korea (10.8K units)
- China (10.0K units)
- Indonesia (4.0K units)
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