Republic of Korea - Golf Clubs And Other Golf Equipment - Market Analysis, Forecast, Size, Trends and Insights
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View PricingGolf Equipment Price in South Korea - 2022
Contents:
- Golf Equipment Price in South Korea (CIF) - 2022
- Golf Equipment Price in South Korea (FOB) - 2022
- Golf Equipment Imports in South Korea
- Golf Equipment Exports in South Korea
Golf Equipment Price in South Korea (CIF) - 2022
The average golf equipment import price stood at $9,393 per ton in 2022, increasing by 7.9% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.1%. The growth pace was the most rapid in 2021 an increase of 20%. The import price peaked in 2022 and is expected to retain growth in the near future.
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 the United States ($158,353 per ton), while the price for Indonesia ($8,929 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+13.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Golf Equipment Price in South Korea (FOB) - 2022
In 2022, the average golf equipment export price amounted to $8,298 per ton, surging by 8.8% against the previous year. In general, the export price enjoyed buoyant growth. The growth pace was the most rapid in 2021 when the average export price increased by 51%. The export price peaked in 2022 and is likely to continue growth in the near future.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was China ($48,486 per ton), while the average price for exports to the Netherlands ($8,679 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 Canada (+13.1%), while the prices for the other major destinations experienced more modest paces of growth.
Golf Equipment Imports in South Korea
For the fourth year in a row, South Korea recorded growth in overseas purchases of golf clubs and other golf equipment, which increased by 17% to 93K tons in 2022. The total import volume increased at an average annual rate of +10.7% over the period from 2019 to 2022; however, the trend pattern 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.
In value terms, golf equipment imports skyrocketed to $877M in 2022. In general, imports saw a significant expansion. The pace of growth was the most pronounced in 2021 when imports increased by 34%. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Golf Equipment in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 233 | 265 | 337 | 401 | 19.8% |
| China | 79.5 | 91.1 | 142 | 196 | 35.1% |
| United States | 67.1 | 82.1 | 114 | 151 | 31.0% |
| Thailand | 44.5 | 44.2 | 48.6 | 49.5 | 3.6% |
| Taiwan (Chinese) | 22.5 | 23.0 | 32.1 | 46.6 | 27.5% |
| Vietnam | 4.9 | 8.2 | 15.3 | 27.4 | 77.5% |
| Indonesia | 1.2 | 1.6 | 1.8 | 2.2 | 22.4% |
| Others | 2.1 | 3.7 | 3.7 | 3.1 | 13.9% |
| Total | 454 | 519 | 694 | 877 | 24.5% |
Top Suppliers of Golf Equipment to South Korea in 2022:
- China (5.5K tons)
- Japan (2.8K tons)
- Thailand (1.1K tons)
- Taiwan (Chinese) (1.0K tons)
- United States (1.0K tons)
- Vietnam (0.4K tons)
- Indonesia (0.2K tons)
Golf Equipment Exports in South Korea
In 2022, approx. 14K tons of golf clubs and other golf equipment were exported from South Korea; picking up by 3.9% compared with the previous year's figure. In general, exports, however, saw a perceptible setback. The most prominent rate of growth was recorded in 2021 with an increase of 8.1%.
In value terms, golf equipment exports stood at $120M in 2022. Overall, exports recorded significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 63%. The exports peaked in 2022 and are expected to retain growth in years to come.
| Export of Golf Equipment in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 31.8 | 36.7 | 53.3 | 55.8 | 20.6% |
| Japan | 9.7 | 9.8 | 16.3 | 24.2 | 35.6% |
| China | 3.0 | 3.3 | 10.2 | 12.2 | 59.6% |
| United Kingdom | 2.3 | 1.7 | 3.9 | 5.4 | 32.9% |
| Canada | 1.8 | 2.2 | 2.3 | 3.2 | 21.1% |
| Australia | 1.8 | 1.8 | 3.7 | 2.8 | 15.9% |
| Netherlands | 1.1 | 1.5 | 1.6 | 0.7 | -14.0% |
| Others | 8.6 | 8.1 | 14.6 | 15.4 | 21.4% |
| Total | 60.2 | 65.1 | 106 | 120 | 25.9% |
Top Export Markets for Golf Equipment from South Korea in 2022:
- United States (2.1K tons)
- Japan (0.5K tons)
- China (0.3K tons)
- Australia (0.2K tons)
- United Kingdom (0.2K tons)
- Canada (0.1K tons)
- Netherlands (0.1K tons)
This report provides an in-depth analysis of the golf equipment market in Republic of Korea. 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:
- South Korea
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Republic of Korea
- 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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