Singapore - Golf Clubs And Other Golf Equipment - Market Analysis, Forecast, Size, Trends and Insights
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View PricingGolf Equipment Price in Singapore - 2022
Contents:
- Golf Equipment Price in Singapore (CIF) - 2022
- Golf Equipment Price in Singapore (FOB) - 2022
- Golf Equipment Imports in Singapore
- Golf Equipment Exports in Singapore
Golf Equipment Price in Singapore (CIF) - 2022
The average golf equipment import price stood at $25,614 per ton in 2022, increasing by 7.6% against the previous year. In general, the import price enjoyed a strong expansion. The most prominent rate of growth was recorded in 2021 an increase of 85%. The import price peaked in 2022 and is likely to see steady growth in years to come.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Vietnam ($109,261 per ton), while the price for Thailand ($17,798 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+10.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Golf Equipment Price in Singapore (FOB) - 2022
The average golf equipment export price stood at $40,484 per ton in 2022, growing by 18% against the previous year. In general, export price indicated a prominent increase from 2012 to 2022: its price increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, golf equipment export price increased by +91.1% against 2020 indices. The growth pace was the most rapid in 2021 an increase of 62%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Philippines ($81,649 per ton), while the average price for exports to India ($31,870 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 Philippines (+10.0%), while the prices for the other major destinations experienced more modest paces of growth.
Golf Equipment Imports in Singapore
In 2022, supplies from abroad of golf clubs and other golf equipment was finally on the rise to reach 2.4K tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, recorded a abrupt descent.
In value terms, golf equipment imports surged to $62M in 2022. Overall, imports saw a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 56%. Imports peaked in 2022 and are likely to see steady growth in the near future.
| Import of Golf Equipment in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 7.5 | 5.3 | 11.3 | 17.6 | 32.9% |
| Japan | 9.2 | 10.8 | 14.1 | 14.8 | 17.2% |
| United States | 7.7 | 5.5 | 7.5 | 9.8 | 8.4% |
| Thailand | 3.4 | 3.8 | 5.2 | 7.2 | 28.4% |
| Vietnam | 0.8 | 1.0 | 1.7 | 4.1 | 72.4% |
| Taiwan (Chinese) | 1.6 | 1.8 | 2.6 | 3.6 | 31.0% |
| South Korea | 0.3 | 0.5 | 1.3 | 1.7 | 78.3% |
| Indonesia | 0.6 | 0.5 | 0.7 | 0.9 | 14.5% |
| Others | 2.0 | 1.4 | 3.4 | 2.6 | 9.1% |
| Total | 33.1 | 30.5 | 47.7 | 62.2 | 23.4% |
Top Suppliers of Golf Equipment to Singapore in 2022:
- Thailand (402.6 tons)
- United States (233.4 tons)
- China (196.5 tons)
- Japan (167.1 tons)
- Taiwan (Chinese) (84.2 tons)
- Vietnam (38.0 tons)
- South Korea (30.2 tons)
- Indonesia (29.7 tons)
Golf Equipment Exports in Singapore
After three years of growth, shipments abroad of golf clubs and other golf equipment decreased by -2% to 1.2K tons in 2022. The total export volume increased at an average annual rate of +9.1% 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 2020 when exports increased by 32%.
In value terms, golf equipment exports soared to $47M in 2022. Overall, exports, however, enjoyed a significant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 63%. The exports peaked in 2022 and are likely to see gradual growth in years to come.
| Export of Golf Equipment in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 8.5 | 11.1 | 23.0 | 24.2 | 41.7% |
| Malaysia | 4.7 | 3.9 | 5.0 | 8.4 | 21.4% |
| Vietnam | 4.1 | 4.3 | 5.6 | 5.0 | 6.8% |
| Thailand | 2.4 | 1.6 | 2.3 | 3.3 | 11.2% |
| Philippines | 0.6 | 0.3 | 0.6 | 1.3 | 29.4% |
| Myanmar | N/A | N/A | N/A | 1.2 | 0% |
| Japan | 1.5 | 1.9 | 1.3 | 1.0 | -12.6% |
| India | 0.7 | 0.4 | 0.6 | 0.9 | 8.7% |
| South Korea | 0.7 | 0.9 | 1.0 | 0.5 | -10.6% |
| Others | 1.1 | 0.7 | 1.7 | 1.5 | 10.9% |
| Total | 24.3 | 25.2 | 41.1 | 47.4 | 24.9% |
Top Export Markets for Golf Equipment from Singapore in 2022:
- Indonesia (407.3 tons)
- Vietnam (126.6 tons)
- Malaysia (110.5 tons)
- Thailand (61.3 tons)
- Myanmar (35.8 tons)
- India (28.6 tons)
- Philippines (16.5 tons)
- Japan (15.8 tons)
- South Korea (14.8 tons)
This report provides an in-depth analysis of the golf equipment market in Singapore. 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:
- Singapore
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Singapore
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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