Golf Clubs; Complete Price in the United States - 2023

Contents:

  1. Golf Clubs; Complete Price in the United States (CIF) - 2023
  2. Golf Clubs; Complete Price in the United States (FOB) - 2023
  3. Golf Clubs; Complete Imports in the United States
  4. Golf Clubs; Complete Exports in the United States

Golf Clubs; Complete Price in the United States (CIF) - 2023

The average golf clubs; complete import price stood at $53.1 per unit in August 2023, surging by 12% against the previous month. Over the period from August 2022 to August 2023, it increased at an average monthly rate of +3.5%. The most prominent rate of growth was recorded in November 2022 an increase of 27% m-o-m. The import price peaked at $58.2 per unit in March 2023; however, from April 2023 to August 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was Mexico ($108 per unit), while the price for China ($31.3 per unit) was amongst the lowest.

From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+4.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Golf Clubs; Complete Price in the United States (FOB) - 2023

In August 2023, the average golf clubs; complete export price amounted to $153 per unit, with a decrease of -4.3% against the previous month. Over the period under review, the export price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in March 2023 when the average export price increased by 20% m-o-m. As a result, the export price reached the peak level of $191 per unit. From April 2023 to August 2023, the the average export prices remained at a somewhat lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was the Netherlands ($194 per unit), while the average price for exports to Mexico ($113 per unit) was amongst the lowest.

From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+3.6%), while the prices for the other major destinations experienced more modest paces of growth.

Golf Clubs; Complete Imports in the United States

In 2022, golf clubs; complete imports into the United States rose sharply to 15M units, with an increase of 5.9% compared with the previous year's figure. The total import volume increased at an average annual rate of +10.9% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 33% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, golf clubs; complete imports rose significantly to $669M in 2022. Overall, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +13.6% 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 +56.8% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 36% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.

Import of Golf Clubs; Complete in the United States (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
China2891822342890.0%
Vietnam42.393.013317159.3%
Mexico76.075.089.410511.4%
Taiwan (Chinese)30.564.711693.545.3%
Others17.411.98.89.3-18.8%
Total45642658266913.6%

Top Suppliers of Golf Clubs; Complete to the United States in 2022:

  1. China (6.1M units)
  2. Vietnam (2.7M units)
  3. Mexico (0.9M units)
  4. Taiwan (Chinese) (0.8M units)

Golf Clubs; Complete Exports in the United States

Golf clubs; complete exports from the United States surged to 1.8M units in 2022, picking up by 17% compared with the year before. The total export volume increased at an average annual rate of +7.8% 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 2021 with an increase of 23%. Over the period under review, the exports reached the maximum in 2022 and are likely to continue growth in the near future.

In value terms, golf clubs; complete exports surged to $255M in 2022. Overall, total exports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +13.1% 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 +66.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 32%. The exports peaked in 2022 and are expected to retain growth in years to come.

Export of Golf Clubs; Complete in the United States (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
South Korea43.144.659.292.328.9%
Canada69.550.175.484.86.9%
Japan28.025.425.023.3-5.9%
Australia8.211.08.514.320.4%
United Kingdom5.94.87.18.914.7%
Hong Kong SAR2.22.73.94.526.9%
Netherlands2.51.93.24.117.9%
Mexico5.42.85.53.4-14.3%
Others11.710.515.719.819.2%
Total17615420325513.2%

Top Export Markets for Golf Clubs; Complete from the United States in 2022:

  1. South Korea (691.2K units)
  2. Canada (349.7K units)
  3. Japan (174.6K units)
  4. Australia (51.1K units)
  5. Hong Kong SAR (33.6K units)
  6. United Kingdom (31.7K units)
  7. Netherlands (30.4K units)
  8. Mexico (9.3K units)
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