Report Update: May 1, 2024

Finland - Golf Clubs And Other Golf Equipment - Market Analysis, Forecast, Size, Trends and Insights

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Golf Equipment Price in Finland - 2023

Golf Equipment Price in Finland (CIF) - 2022

In 2022, the average golf equipment import price amounted to $4,667 per ton, dropping by -31.9% against the previous year. Overall, import price indicated a modest increase from 2012 to 2022: its price increased at an average annual rate of +1.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when the average import price increased by 38%. As a result, import price reached the peak level of $6,855 per ton, and then shrank dramatically 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 Japan ($85,911 per ton), while the price for Taiwan (Chinese) ($12,068 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+10.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Golf Equipment Price in Finland (FOB) - 2022

The average golf equipment export price stood at $32,002 per ton in 2022, rising by 26% against the previous year. In general, the export price posted resilient growth. The pace of growth was the most pronounced in 2019 an increase of 163% 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 external markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($110,721 per ton), while the average price for exports to Germany ($26,000 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+8.4%), while the prices for the other major destinations experienced more modest paces of growth.

Golf Equipment Imports in Finland

In 2022, approx. 4.4K tons of golf clubs and other golf equipment were imported into Finland; picking up by 50% compared with the previous year's figure. In general, total imports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +16.7% 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 +58.9% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, golf equipment imports expanded modestly to $21M in 2022. Over the period under review, total imports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +20.8% 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 +76.4% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 33% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

Import of Golf Equipment in Finland (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	5.2	7.5	11.5	11.1	28.8%
United States	1.3	1.2	2.6	2.2	19.2%
Netherlands	1.5	1.7	2.0	2.2	13.6%
United Kingdom	2.2	1.7	1.1	1.0	-23.1%
Japan	0.5	0.7	0.8	0.5	0.0%
Taiwan (Chinese)	0.4	0.5	0.6	0.4	0.0%
Sweden	0.2	0.3	0.6	0.3	14.5%
Indonesia	0.1	0.5	0.5	0.2	26.0%
Others	0.3	1.2	0.8	3.0	115.4%
Total	11.7	15.4	20.3	20.7	20.9%

Top Suppliers of Golf Equipment to Finland in 2022:

China (154.1 tons)
Netherlands (134.0 tons)
Taiwan (Chinese) (29.6 tons)
United States (27.9 tons)
Sweden (12.5 tons)
United Kingdom (11.6 tons)
Indonesia (10.8 tons)
Japan (5.4 tons)

Golf Equipment Exports in Finland

In 2022, the amount of golf clubs and other golf equipment exported from Finland skyrocketed to 13 tons, picking up by 96% on the previous year's figure. Over the period under review, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 104% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, golf equipment exports soared to $430K in 2022. Overall, exports posted significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Export of Golf Equipment in Finland (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Sweden	9.9	3.4	13.1	174	160.0%
United Kingdom	0.6	N/A	27.4	57.1	356.6%
United States	1.5	14.3	39.0	39.2	196.8%
Iceland	N/A	0.6	15.2	19.4	468.6%
Austria	N/A	N/A	N/A	8.7	0%
Estonia	16.0	16.3	15.3	8.3	-19.6%
Russia	18.5	46.0	56.1	6.9	-28.0%
Others	15.7	18.6	7.4	117	95.3%
Total	62.2	99.2	173	430	90.5%

Top Export Markets for Golf Equipment from Finland in 2022:

Sweden (3.3 tons)
United States (0.6 tons)
Iceland (0.6 tons)
United Kingdom (0.5 tons)
Estonia (0.2 tons)
Austria (0.1 tons)
Russia (0.1 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the golf equipment market in Finland. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 32301530 - Golf clubs and other golf equipment (including golf balls)

Country coverage:

Finland

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Finland
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023