Golf Clubs; Complete Price in Hong Kong SAR - 2023
Contents:
- Golf Clubs; Complete Price in Hong Kong SAR (CIF) - 2023
- Golf Clubs; Complete Price in Hong Kong SAR (FOB) - 2023
- Golf Clubs; Complete Imports in Hong Kong SAR
- Golf Clubs; Complete Exports in Hong Kong SAR
Golf Clubs; Complete Price in Hong Kong SAR (CIF) - 2023
The average golf clubs; complete import price stood at $69.6 per unit in June 2023, waning by -8.9% against the previous month. Overall, import price indicated moderate growth from June 2022 to June 2023: its price increased at an average monthly rate of +2.8% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on June 2023 figures, golf clubs; complete import price decreased by -23.8% against April 2023 indices. The growth pace was the most rapid in April 2023 an increase of 31% month-to-month. As a result, import price attained the peak level of $91.3 per unit. From May 2023 to June 2023, the average import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($172 per unit), while the price for China ($56.9 per unit) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Japan (+1.4%), while the prices for the other major suppliers experienced mixed trend patterns.
Golf Clubs; Complete Price in Hong Kong SAR (FOB) - 2023
The average golf clubs; complete export price stood at $52.1 per unit in June 2023, waning by -24.1% against the previous month. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in October 2022 when the average export price increased by 18% m-o-m. Over the period under review, the average export prices hit record highs at $83.8 per unit in February 2023; however, from March 2023 to June 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In June 2023, the country with the highest price was the United States ($73.5 per unit), while the average price for exports to the Netherlands ($26.9 per unit) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+5.1%), while the prices for the other major destinations experienced more modest paces of growth.
Golf Clubs; Complete Imports in Hong Kong SAR
In 2022, approx. 3.8M units of golf clubs; completes were imported into Hong Kong SAR; increasing by 6.7% compared with 2021. Over the period under review, total imports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +9.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +80.8% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 70% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.
In value terms, golf clubs; complete imports shrank to $219M in 2022. Overall, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +10.2% 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 +88.7% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 94%. As a result, imports attained the peak of $225M, and then reduced in the following year.
| Import of Golf Clubs; Complete in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 138 | 104 | 206 | 205 | 14.1% |
| Japan | 21.9 | 7.7 | 12.3 | 8.2 | -27.9% |
| United States | 2.3 | 2.8 | 4.4 | 4.1 | 21.3% |
| Others | 1.4 | 1.6 | 1.7 | 1.2 | -5.0% |
| Total | 164 | 116 | 225 | 219 | 10.1% |
Top Suppliers of Golf Clubs; Complete to Hong Kong SAR in 2022:
- China (1822.5K units)
- Japan (72.8K units)
- United States (36.2K units)
Golf Clubs; Complete Exports in Hong Kong SAR
In 2022, exports of golf clubs; completes from Hong Kong SAR totaled 3.3M units, with an increase of 5.1% on the previous year's figure. Overall, total exports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +6.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +70.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 62% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in years to come.
In value terms, golf clubs; complete exports reached $209M in 2022. Over the period under review, total exports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +13.4% 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 +85.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 78% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in years to come.
| Export of Golf Clubs; Complete in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 60.7 | 45.7 | 87.0 | 64.0 | 1.8% |
| United Kingdom | 21.9 | 17.7 | 36.4 | 40.0 | 22.2% |
| United States | 18.8 | 14.3 | 18.0 | 24.6 | 9.4% |
| South Korea | 7.4 | 4.7 | 11.4 | 18.0 | 34.5% |
| Canada | 10.6 | 8.6 | 16.1 | 13.1 | 7.3% |
| Australia | 5.5 | 5.9 | 7.3 | 9.3 | 19.1% |
| China | 4.3 | 3.6 | 7.7 | 7.7 | 21.4% |
| Sweden | 3.3 | 5.3 | 4.1 | 6.7 | 26.6% |
| Mexico | N/A | N/A | 0.4 | 4.8 | 1100.0% |
| Germany | 1.6 | 1.2 | 1.6 | 3.5 | 29.8% |
| Singapore | 2.1 | 0.8 | 1.7 | 3.2 | 15.1% |
| Others | 7.4 | 5.4 | 9.6 | 14.4 | 24.8% |
| Total | 144 | 113 | 201 | 209 | 13.2% |
Top Export Markets for Golf Clubs; Complete from Hong Kong SAR in 2022:
- Japan (482.9K units)
- United Kingdom (302.0K units)
- United States (185.3K units)
- South Korea (135.9K units)
- Canada (98.9K units)
- Australia (70.5K units)
- China (58.4K units)
- Sweden (50.9K units)
- Mexico (36.1K units)
- Germany (26.2K units)
- Singapore (23.9K units)
350
This report provides an in-depth analysis of the golf equipment market in Hong Kong SAR, China.
198
This report provides an in-depth analysis of the market for skis and its equipment and skates in Hong Kong SAR, China.
197
This report provides an in-depth analysis of the water-skis and surfboards market in Hong Kong SAR, China.
206
This report provides an in-depth analysis of the market for tennis and badminton rackets in Hong Kong SAR, China.
352
This report provides an in-depth analysis of the skis market in Hong Kong SAR, China.
241
This report provides an in-depth analysis of the skates market in Hong Kong SAR, China.
269
This report provides an in-depth analysis of the ball market in Hong Kong SAR, China.
266
This report provides an in-depth analysis of the table-tennis equipment market in Hong Kong SAR, China.
686
This report provides an in-depth analysis of the market for gym and fitness equipment in Hong Kong SAR, China.
1411
This report provides an in-depth analysis of the global golf equipment market.
117
From February 2023 to November 2023, the growth of the exports for Tennis And Badminton Rackets remained at a somewhat lower figure. In value terms, Tennis And Badminton Rackets exports fell to $2.1M in November 2023.
225
In May 2023, the price of Tennis And Badminton Rackets was $11.4 per unit (FOB, Hong Kong), indicating a decrease of -7.1% compared to the previous month.
94
From July 2023 to November 2023, the growth of Gym and Fitness Equipment exports failed to regain momentum. In value terms, Gym and Fitness Equipment exports skyrocketed to $2.1M in November 2023.
292
Golf is a popular sport that attracts enthusiasts from around the globe. The demand for golf equipment has skyrocketed, leading to an increase in the import market. The United States, Japan, Hong Kong SAR, South Korea, Mexico, the United Kingdom, China, Canada, the Netherlands, and Germany are the world's top import markets for golf equipment. The IndexBox market intelligence platform offers valuable data and insights into these markets.
938
In 2016, the global imports of golf equipment amounted to X tons, picking up by X% against the previous year figure. The total import volume increased at an average annual rate of +X% over the ...
770
In 2016, the global imports of golf equipment amounted to X tons, picking up by X% against the previous year figure. The total import volume increased at an average annual rate of +X% over the ...
248
Explore the top import markets for gym and fitness equipment with key statistics and data. Learn about the leading countries in terms of import value and the opportunities they offer for manufacturers.
117
From February 2023 to November 2023, the growth of the exports for Tennis And Badminton Rackets remained at a somewhat lower figure. In value terms, Tennis And Badminton Rackets exports fell to $2.1M in November 2023.
225
In May 2023, the price of Tennis And Badminton Rackets was $11.4 per unit (FOB, Hong Kong), indicating a decrease of -7.1% compared to the previous month.
94
From July 2023 to November 2023, the growth of Gym and Fitness Equipment exports failed to regain momentum. In value terms, Gym and Fitness Equipment exports skyrocketed to $2.1M in November 2023.
