Golf Clubs; Complete Price in South Korea - 2022
Contents:
- Golf Clubs; Complete Price in South Korea (CIF) - 2022
- Golf Clubs; Complete Price in South Korea (FOB) - 2022
- Golf Clubs; Complete Imports in South Korea
- Golf Clubs; Complete Exports in South Korea
Golf Clubs; Complete Price in South Korea (CIF) - 2022
The average golf clubs; complete import price stood at $99 per unit in 2022, reducing by -10.9% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.3%. The pace of growth was the most pronounced in 2014 when the average import price increased by 13% against the previous year. The import price peaked at $112 per unit in 2021, and then shrank in the following year.
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 ($311 per unit), while the price for China ($91 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+10.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Golf Clubs; Complete Price in South Korea (FOB) - 2022
In 2022, the average golf clubs; complete export price amounted to $121 per unit, increasing by 9.4% against the previous year. In general, export price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, golf clubs; complete export price increased by +112.4% against 2015 indices. The pace of growth was the most pronounced in 2018 when the average export price increased by 29% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the near future.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($311 per unit), while the average price for exports to Australia ($30 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 China (+16.5%), while the prices for the other major destinations experienced more modest paces of growth.
Golf Clubs; Complete Imports in South Korea
For the fourth consecutive year, South Korea recorded growth in overseas purchases of golf clubs; completes, which increased by 47% to 6.2M units in 2022. Over the period under review, imports continue to indicate a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, golf clubs; complete imports soared to $613M in 2022. In general, imports saw significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 37% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to continue growth in the immediate term.
| Import of Golf Clubs; Complete in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 208 | 236 | 300 | 362 | 20.3% |
| United States | 47.3 | 60.8 | 91.6 | 120 | 36.4% |
| China | 28.4 | 31.9 | 53.1 | 91.8 | 47.9% |
| Taiwan (Chinese) | 6.3 | 5.5 | 9.0 | 20.2 | 47.5% |
| Vietnam | 4.0 | 5.5 | 11.8 | 18.4 | 66.3% |
| Others | 1.2 | 2.4 | 1.6 | 0.9 | -9.1% |
| Total | 295 | 342 | 467 | 613 | 27.6% |
Top Suppliers of Golf Clubs; Complete to South Korea in 2022:
- Japan (1.9M units)
- China (1.0M units)
- United States (0.4M units)
- Vietnam (0.2M units)
- Taiwan (Chinese) (0.1M units)
Golf Clubs; Complete Exports in South Korea
In 2022, overseas shipments of golf clubs; completes decreased by -2.3% to 13K units, falling for the second year in a row after two years of growth. Over the period under review, exports saw a mild descent. The growth pace was the most rapid in 2020 when exports increased by 27%. As a result, the exports reached the peak of 17K units. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, golf clubs; complete exports expanded remarkably to $1.6M in 2022. The total export value increased at an average annual rate of +7.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when exports increased by 38% against the previous year. As a result, the exports reached the peak of $1.8M. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Golf Clubs; Complete in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 440 | 355 | 485 | 816 | 22.9% |
| Vietnam | 349 | 180 | 139 | 306 | -4.3% |
| United States | 80.4 | 722 | 704 | 185 | 32.0% |
| China | 220 | 356 | 45.0 | 134 | -15.2% |
| Taiwan (Chinese) | 13.6 | 5.0 | N/A | 70.4 | 73.0% |
| Australia | 2.1 | 1.1 | 7.4 | 21.6 | 117.5% |
| Saudi Arabia | N/A | N/A | 0.9 | 11.0 | 1122.2% |
| Hong Kong SAR | 47.5 | 2.2 | 13.0 | 8.6 | -43.4% |
| Mexico | 90.2 | 75.1 | 0.3 | N/A | -94.2% |
| Others | 40.1 | 79.6 | 91.6 | 35.7 | -3.8% |
| Total | 1,282 | 1,775 | 1,486 | 1,589 | 7.4% |
Top Export Markets for Golf Clubs; Complete from South Korea in 2022:
- Japan (8.6K units)
- Vietnam (1.8K units)
- China (0.9K units)
- Australia (0.7K units)
- Taiwan (Chinese) (0.6K units)
- United States (0.6K units)
- Saudi Arabia (0.3K units)
- Hong Kong SAR (0.1K units)
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