Thailand - Golf Clubs And Other Golf Equipment - Market Analysis, Forecast, Size, Trends and Insights
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View PricingGolf Equipment Price in Thailand - 2023
Contents:
- Golf Equipment Price in Thailand (FOB) - 2022
- Golf Equipment Price in Thailand (CIF) - 2022
- Golf Equipment Exports in Thailand
- Golf Equipment Imports in Thailand
Golf Equipment Price in Thailand (FOB) - 2022
In 2022, the average golf equipment export price amounted to $13,764 per ton, almost unchanged from the previous year. In general, the export price, however, continues to indicate a perceptible downturn. The most prominent rate of growth was recorded in 2020 when the average export price increased by 167% against the previous year. Over the period under review, the average export prices attained the maximum at $22,094 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($23,940 per ton), while the average price for exports to South Korea ($8,745 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 Hong Kong SAR (+0.0%), while the prices for the other major destinations experienced a decline.
Golf Equipment Price in Thailand (CIF) - 2022
The average golf equipment import price stood at $4,499 per ton in 2022, picking up by 5.9% against the previous year. Over the period under review, the import price, however, recorded a abrupt decline. The most prominent rate of growth was recorded in 2019 an increase of 53% against the previous year. The import price peaked at $9,995 per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.
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 Vietnam ($88,836 per ton), while the price for Switzerland ($11,897 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+15.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Golf Equipment Exports in Thailand
In 2022, approx. 10K tons of golf clubs and other golf equipment were exported from Thailand; growing by 7.3% against the previous year's figure. Overall, exports, however, continue to indicate a deep setback. The growth pace was the most rapid in 2021 when exports increased by 42% against the previous year.
In value terms, golf equipment exports rose significantly to $142M in 2022. In general, total exports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +13.9% 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 +50.3% against 2020 indices. The pace of growth was the most pronounced in 2021 when exports increased by 40%. Over the period under review, the exports reached the maximum in 2022 and are likely to continue growth in the immediate term.
| Export of Golf Equipment in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 30.8 | 29.5 | 45.3 | 46.3 | 14.6% |
| Japan | 30.3 | 25.2 | 32.5 | 37.4 | 7.3% |
| South Korea | 13.3 | 14.2 | 16.4 | 17.7 | 10.0% |
| United Kingdom | 7.4 | 7.3 | 11.7 | 12.2 | 18.1% |
| China | 3.2 | 3.0 | 5.2 | 5.7 | 21.2% |
| Australia | 1.7 | 2.7 | 3.5 | 4.0 | 33.0% |
| Netherlands | 2.3 | 2.2 | 3.0 | 3.4 | 13.9% |
| Hong Kong SAR | 2.4 | 2.4 | 3.5 | 2.5 | 1.4% |
| Others | 4.9 | 8.1 | 11.0 | 13.0 | 38.4% |
| Total | 96.2 | 94.6 | 132 | 142 | 13.9% |
Top Export Markets for Golf Equipment from Thailand in 2022:
- United States (3.1K tons)
- South Korea (2.0K tons)
- Japan (1.6K tons)
- United Kingdom (1.0K tons)
- China (0.6K tons)
- Australia (0.4K tons)
- Netherlands (0.4K tons)
- Hong Kong SAR (0.1K tons)
Golf Equipment Imports in Thailand
Golf equipment imports into Thailand skyrocketed to 7K tons in 2022, increasing by 31% on the previous year. In general, imports recorded a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 118% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.
In value terms, golf equipment imports soared to $31M in 2022. Overall, total imports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +20.0% 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 +77.9% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Golf Equipment in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 5.7 | 5.3 | 7.8 | 9.9 | 20.2% |
| Japan | 6.5 | 6.4 | 7.8 | 9.4 | 13.1% |
| United States | 2.6 | 1.9 | 2.6 | 4.4 | 19.2% |
| Taiwan (Chinese) | 1.5 | 1.4 | 1.6 | 2.7 | 21.6% |
| Vietnam | 0.8 | 1.2 | 1.0 | 2.3 | 42.2% |
| South Korea | 0.3 | 0.2 | 0.4 | 0.6 | 26.0% |
| Switzerland | N/A | N/A | 0.1 | 0.3 | 200.0% |
| Indonesia | 0.2 | 0.1 | 0.2 | 0.2 | 0.0% |
| Others | 0.7 | 1.3 | 1.4 | 1.7 | 34.4% |
| Total | 18.2 | 17.7 | 22.7 | 31.5 | 20.1% |
Top Suppliers of Golf Equipment to Thailand in 2022:
- Japan (192.8 tons)
- United States (154.3 tons)
- China (136.2 tons)
- Taiwan (Chinese) (43.2 tons)
- Vietnam (25.5 tons)
- Switzerland (23.0 tons)
- South Korea (14.7 tons)
- Indonesia (4.4 tons)
This report provides an in-depth analysis of the golf equipment market in Thailand. 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:
- Thailand
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Thailand
- 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
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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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