Golf Balls Price in the Dominican Republic - 2023
Contents:
- Golf Balls Price in the Dominican Republic (CIF) - 2022
- Golf Balls Price in the Dominican Republic (FOB) - 2022
- Golf Balls Imports in the Dominican Republic
- Golf Balls Exports in the Dominican Republic
Golf Balls Price in the Dominican Republic (CIF) - 2022
The average golf balls import price stood at $1.8 per unit in 2022, rising by 21% against the previous year. In general, import price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, golf balls import price increased by +62.8% against 2020 indices. The pace of growth appeared the most rapid in 2021 an increase of 34% against the previous year. Over the period under review, average import prices hit record highs at $1.9 per unit in 2015; however, from 2016 to 2022, import prices stood 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 the United States ($71 per unit), while the price for China stood at $5.3 per unit.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+18.1%).
Golf Balls Price in the Dominican Republic (FOB) - 2022
In 2022, the average golf balls export price amounted to $32 per unit, growing by 573% against the previous year. Overall, the export price posted significant growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for the United States.
From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +3.0% per year.
Golf Balls Imports in the Dominican Republic
In 2022, the amount of golf ballses imported into the Dominican Republic skyrocketed to 383K units, jumping by 28% on 2021 figures. Over the period under review, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by 59% against the previous year. Imports peaked at 394K units in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, golf balls imports soared to $679K in 2022. In general, imports showed a resilient expansion. The most prominent rate of growth was recorded in 2021 with an increase of 114% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.
| Import of Golf Balls in the Dominican Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 327 | 101 | 345 | 477 | 13.4% |
| China | 130 | 95.7 | 66.9 | 169 | 9.1% |
| Others | 21.7 | 7.5 | 25.4 | 33.6 | 15.7% |
| Total | 479 | 205 | 437 | 679 | 12.3% |
Top Suppliers of Golf Balls to the Dominican Republic in 2022:
- China (31.9K units)
- United States (6.7K units)
Golf Balls Exports in the Dominican Republic
In 2022, the amount of golf ballses exported from the Dominican Republic surged to 8.6K units, jumping by 52% on 2021. In general, exports recorded measured growth. The most prominent rate of growth was recorded in 2021 when exports increased by 180% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in years to come.
In value terms, golf balls exports soared to $277K in 2022. Overall, exports enjoyed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Golf Balls in the Dominican Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 12.7 | 5.5 | 21.5 | 262 | 174.3% |
| Mexico | 0.7 | 0.6 | N/A | N/A | -14.3% |
| Guatemala | N/A | N/A | 0.3 | N/A | 0% |
| Others | 9.6 | 0.2 | 5.3 | 14.9 | 15.8% |
| Total | 23.1 | 6.3 | 27.1 | 277 | 128.9% |
Top Export Markets for Golf Balls from the Dominican Republic in 2022:
- United States (6.9K units)
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