Report Update: May 1, 2024

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

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Golf Equipment Price in Portugal - 2023

Golf Equipment Price in Portugal (CIF) - 2023

In June 2023, the average golf equipment import price amounted to $62.4 per unit, declining by -1.6% against the previous month. Over the period under review, import price indicated a notable increase from June 2022 to June 2023: its price increased at an average monthly rate of +3.8% 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 equipment import price increased by +7.9% against April 2023 indices. The pace of growth appeared the most rapid in December 2022 an increase of 34% m-o-m. As a result, import price reached the peak level of $67.4 per unit. From January 2023 to June 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 June 2023, the country with the highest price was the Netherlands ($66.0 per unit), while the price for Belgium ($23.3 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 China (+14.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Golf Equipment Price in Portugal (FOB) - 2022

The average golf equipment export price stood at $13 per unit in 2022, with an increase of 17% against the previous year. In general, the export price, however, saw a noticeable decline. The pace of growth was the most pronounced in 2015 an increase of 71%. The export price peaked at $20 per unit in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

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 Netherlands ($56 per unit), while the average price for exports to the UK ($7.5 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 Ghana (+16.2%), while the prices for the other major destinations experienced more modest paces of growth.

Golf Equipment Imports in Portugal

In 2022, purchases abroad of golf clubs and other golf equipment increased by 31% to 118K units for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, continue to indicate a abrupt decrease. Over the period under review, imports reached the peak figure at 150K units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, golf equipment imports soared to $5.8M in 2022. Overall, total imports indicated a temperate expansion from 2019 to 2022: its value increased at an average annual rate of +4.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Golf Equipment in Portugal (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
France	1,138	919	1,239	2,467	29.4%
Netherlands	662	229	861	1,551	32.8%
Spain	776	652	510	506	-13.3%
Germany	229	8.3	172	273	6.0%
United Kingdom	1,515	1,770	157	250	-45.2%
China	88.9	32.6	81.5	239	39.0%
Ireland	377	303	181	232	-14.9%
Belgium	32.9	91.7	70.9	137	60.9%
Myanmar	N/A	N/A	315	N/A	0%
Others	290	239	146	165	-17.1%
Total	5,109	4,246	3,732	5,820	4.4%

Top Suppliers of Golf Equipment to Portugal in 2022:

France (43.4K units)
Netherlands (26.1K units)
Spain (12.5K units)
Belgium (12.4K units)
China (8.7K units)
Germany (5.2K units)
United Kingdom (3.8K units)
Ireland (2.8K units)

Golf Equipment Exports in Portugal

In 2022, overseas shipments of golf clubs and other golf equipment decreased by -71.8% to 18K units, falling for the second year in a row after two years of growth. Overall, exports, however, posted a significant expansion. The growth pace was the most rapid in 2020 when exports increased by 831% against the previous year. As a result, the exports reached the peak of 77K units. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, golf equipment exports reduced notably to $228K in 2022. Over the period under review, exports, however, continue to indicate a buoyant increase. The pace of growth was the most pronounced in 2020 when exports increased by 457% against the previous year. As a result, the exports attained the peak of $896K. From 2021 to 2022, the growth of the exports failed to regain momentum.

Export of Golf Equipment in Portugal (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United Kingdom	N/A	93.5	209	66.5	-15.7%
Spain	73.1	217	339	46.5	-14.0%
Netherlands	N/A	N/A	N/A	40.1	0%
Angola	10.7	4.5	2.0	39.0	53.9%
Switzerland	21.8	7.4	11.5	11.4	-19.4%
Ghana	N/A	N/A	N/A	10.5	0%
Belgium	4.1	3.0	0.3	3.7	-3.4%
Germany	N/A	505	103	N/A	-79.6%
Others	51.2	65.7	22.7	9.8	-42.4%
Total	161	896	687	228	12.3%

Top Export Markets for Golf Equipment from Portugal in 2022:

United Kingdom (8.9K units)
Spain (4.3K units)
Ghana (1.4K units)
Angola (1.2K units)
Switzerland (1.1K units)
Netherlands (0.7K units)
Belgium (0.3K units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the golf equipment market in Portugal. 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:

Portugal

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Portugal
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