Golf Clubs; Complete Price in Thailand - 2023
Contents:
- Golf Clubs; Complete Price in Thailand (CIF) - 2023
- Golf Clubs; Complete Price in Thailand (FOB) - 2022
- Golf Clubs; Complete Imports in Thailand
- Golf Clubs; Complete Exports in Thailand
Golf Clubs; Complete Price in Thailand (CIF) - 2023
In September 2023, the average golf clubs; complete import price amounted to $73.4 per unit, dropping by -15.1% against the previous month. Overall, the import price, however, enjoyed a notable expansion. The pace of growth was the most pronounced in January 2023 when the average import price increased by 82% m-o-m. As a result, import price attained the peak level of $145 per unit. From February 2023 to September 2023, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was the United States ($139 per unit), while the price for Japan ($60.1 per unit) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by China (+4.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Golf Clubs; Complete Price in Thailand (FOB) - 2022
In 2022, the average golf clubs; complete export price amounted to $48 per unit, dropping by -31.1% against the previous year. Overall, the export price showed a abrupt descent. The most prominent rate of growth was recorded in 2017 an increase of 24%. The export price peaked at $96 per unit in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.
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 Malaysia ($181 per unit), while the average price for exports to Canada ($24 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 Malaysia (+5.5%), while the prices for the other major destinations experienced more modest paces of growth.
Golf Clubs; Complete Imports in Thailand
In 2022, after three years of growth, there was significant decline in supplies from abroad of golf clubs; completes, when their volume decreased by -9.8% to 250K units. In general, total imports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +13.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 49% against the previous year. Over the period under review, imports hit record highs at 277K units in 2021, and then reduced in the following year.
In value terms, golf clubs; complete imports skyrocketed to $21M in 2022. Over the period under review, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +19.5% 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 +77.8% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Golf Clubs; Complete in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 5.0 | 4.3 | 6.7 | 8.1 | 17.4% |
| Japan | 4.6 | 4.8 | 5.8 | 7.5 | 17.7% |
| United States | 1.3 | 1.0 | 1.4 | 2.1 | 17.3% |
| Vietnam | 0.7 | 1.1 | 0.7 | 1.8 | 37.0% |
| Taiwan (Chinese) | 0.5 | 0.4 | 0.3 | 1.1 | 30.1% |
| Others | 0.1 | 0.2 | 0.3 | 0.4 | 58.7% |
| Total | 12.3 | 11.8 | 15.3 | 20.9 | 19.3% |
Top Suppliers of Golf Clubs; Complete to Thailand in 2022:
- Japan (114.8K units)
- China (90.3K units)
- Vietnam (22.4K units)
- United States (15.7K units)
- Taiwan (Chinese) (4.6K units)
Golf Clubs; Complete Exports in Thailand
In 2022, approx. 9.5K units of golf clubs; completes were exported from Thailand; rising by 23% against the year before. Over the period under review, exports posted a significant expansion. The growth pace was the most rapid in 2020 with an increase of 80% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, golf clubs; complete exports declined notably to $459K in 2022. The total export value increased at an average annual rate of +6.5% 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 2020 when exports increased by 32%. The exports peaked at $540K in 2021, and then reduced notably in the following year.
| Export of Golf Clubs; Complete in Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 270 | 341 | 430 | 313 | 5.0% |
| Myanmar | 18.4 | 3.1 | 4.3 | 44.4 | 34.1% |
| South Korea | 15.9 | 27.4 | 32.7 | 37.9 | 33.6% |
| Singapore | 17.1 | 50.6 | 26.2 | 5.0 | -33.6% |
| Others | 58.5 | 81.3 | 47.6 | 59.0 | 0.3% |
| Total | 380 | 503 | 540 | 459 | 6.5% |
Top Export Markets for Golf Clubs; Complete from Thailand in 2022:
- Japan (6.3K units)
- Myanmar (1.0K units)
- South Korea (0.2K units)
- Singapore (0.1K units)
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