Golf Balls Price in the UK - 2023
Contents:
- Golf Balls Price in the UK (CIF) - 2022
- Golf Balls Price in the UK (FOB) - 2022
- Golf Balls Imports in the UK
- Golf Balls Exports in the UK
Golf Balls Price in the UK (CIF) - 2022
In 2022, the average golf balls import price amounted to $1.1 per unit, with an increase of 5.7% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average import price increased by 12% against the previous year. Over the period under review, average import prices hit record highs at $1.2 per unit in 2012; however, from 2013 to 2022, import prices remained at a 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 Taiwan (Chinese) ($11 per unit), while the price for the United States ($3.4 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+3.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Golf Balls Price in the UK (FOB) - 2022
The average golf balls export price stood at $6.1 per unit in 2022, with a decrease of -24.6% against the previous year. In general, the export price, however, posted a remarkable increase. The most prominent rate of growth was recorded in 2021 an increase of 422%. As a result, the export price attained the peak level of $8.1 per unit, and then declined sharply in the following year.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Spain ($25 per unit), while the average price for exports to Ireland ($10 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+4.2%), while the prices for the other major destinations experienced a decline.
Golf Balls Imports in the UK
In 2022, after two years of decline, there was significant growth in overseas purchases of golf ballses, when their volume increased by 17% to 71M units. Overall, imports, however, showed a abrupt decrease. Imports peaked at 85M units in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, golf balls imports surged to $79M in 2022. The total import value increased at an average annual rate of +2.1% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Golf Balls in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 23.8 | 21.8 | 16.1 | 20.9 | -4.2% |
| Thailand | 17.6 | 9.3 | 18.0 | 20.7 | 5.6% |
| Taiwan (Chinese) | 15.3 | 10.1 | 11.5 | 14.0 | -2.9% |
| China | 6.2 | 5.7 | 7.6 | 11.9 | 24.3% |
| Indonesia | 5.9 | 4.3 | 3.9 | 4.2 | -10.7% |
| Others | 5.2 | 6.4 | 6.4 | 7.1 | 10.9% |
| Total | 74.0 | 57.7 | 63.5 | 78.7 | 2.1% |
Top Suppliers of Golf Balls to the UK in 2022:
- United States (6.1M units)
- Thailand (5.1M units)
- Taiwan (Chinese) (1.3M units)
- China (1.2M units)
- Indonesia (0.6M units)
Golf Balls Exports in the UK
In 2022, shipments abroad of golf ballses was finally on the rise to reach 3.4M units after two years of decline. In general, exports, however, faced a sharp decrease. Over the period under review, the exports hit record highs at 47M units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, golf balls exports contracted rapidly to $21M in 2022. Overall, exports, however, showed a dramatic decline. Over the period under review, the exports attained the peak figure at $61M in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
| Export of Golf Balls in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 7.6 | 3.9 | 7.3 | 7.3 | -1.3% |
| Netherlands | 4.2 | 3.0 | 8.8 | 5.6 | 10.1% |
| Ireland | 6.1 | 5.9 | 0.8 | 1.2 | -41.8% |
| Switzerland | 1.3 | 1.2 | 1.1 | 0.9 | -11.5% |
| Germany | 9.8 | 7.7 | 3.7 | 0.9 | -54.9% |
| South Africa | 2.4 | 0.3 | 0.3 | 0.7 | -33.7% |
| Sweden | 8.4 | 8.2 | 0.3 | 0.4 | -63.8% |
| Spain | 4.5 | 2.4 | 0.3 | 0.2 | -64.6% |
| Denmark | 2.7 | 2.0 | 0.1 | 0.1 | -66.7% |
| Austria | 1.8 | 1.3 | 0.3 | 0.1 | -61.8% |
| Belgium | 1.7 | 1.3 | 1.0 | 0.1 | -61.1% |
| Finland | 2.9 | 2.1 | 0.1 | N/A | -81.4% |
| Italy | 2.1 | 1.4 | 0.1 | N/A | -78.2% |
| Others | 6.1 | 5.4 | 2.5 | 3.3 | -18.5% |
| Total | 61.5 | 46.1 | 26.5 | 20.8 | -30.3% |
Top Export Markets for Golf Balls from the UK in 2022:
- France (534.7K units)
- Netherlands (382.7K units)
- Ireland (115.9K units)
- Germany (74.4K units)
- Switzerland (41.8K units)
- South Africa (35.6K units)
- Sweden (34.0K units)
- Spain (9.4K units)
- Denmark (5.0K units)
- Austria (4.4K units)
- Belgium (3.3K units)
- Finland (2.1K units)
- Italy (1.7K units)
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