Australia: Golf Equipment Market 2024

Golf Equipment Market Size in Australia

The Australian golf equipment market surged to $X in 2022, with an increase of X% against the previous year. Over the period under review, the total consumption indicated a mild expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2018 indices. Golf equipment consumption peaked in 2022 and is expected to retain growth in the near future.

Golf Equipment Production in Australia

In value terms, golf equipment production declined to $X in 2022 estimated in export price. In general, production, however, showed a perceptible downturn. The pace of growth appeared the most rapid in 2019 with an increase of X%. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Golf Equipment Exports

Exports from Australia

In 2022, the amount of golf clubs and other golf equipment exported from Australia soared to X tons, increasing by X% on 2021 figures. In general, exports, however, continue to indicate a pronounced descent. The most prominent rate of growth was recorded in 2020 when exports increased by X%. Over the period under review, the exports reached the peak figure at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, golf equipment exports skyrocketed to $X in 2022. Over the period under review, exports recorded a buoyant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The exports peaked in 2022 and are likely to continue growth in years to come.

Exports by Country

New Zealand (X tons) was the main destination for golf equipment exports from Australia, accounting for a X% share of total exports. Moreover, golf equipment exports to New Zealand exceeded the volume sent to the second major destination, South Africa (X tons), sixfold. The third position in this ranking was taken by the United States (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to New Zealand totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Africa (X% per year) and the United States (X% per year).

In value terms, New Zealand ($X) remains the key foreign market for golf clubs and other golf equipment exports from Australia, comprising X% of total exports. The second position in the ranking was taken by the United States ($X), with a X% share of total exports. It was followed by South Africa, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to New Zealand totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and South Africa (X% per year).

Export Prices by Country

The average golf equipment export price stood at $X per ton in 2022, picking up by X% against the previous year. Overall, the export price saw a strong expansion. The most prominent rate of growth was recorded in 2019 an increase of X% against the previous year. The export price peaked in 2022 and is expected to retain growth in the near future.

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 New Zealand ($X per ton), while the average price for exports to South Africa ($X 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 New Zealand (X%), while the prices for the other major destinations experienced more modest paces of growth.

Golf Equipment Imports

Imports into Australia

In 2022, supplies from abroad of golf clubs and other golf equipment decreased by X% to X tons for the first time since 2017, thus ending a four-year rising trend. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of X%. As a result, imports attained the peak of X tons, and then reduced in the following year.

In value terms, golf equipment imports soared to $X in 2022. Overall, imports, however, saw a buoyant expansion. The pace of growth was the most pronounced in 2021 when imports increased by X%. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

The United States (X tons), China (X tons) and Thailand (X tons) were the main suppliers of golf equipment imports to Australia, with a combined X% share of total imports. Taiwan (Chinese), Japan, Vietnam, South Korea and Indonesia lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by South Korea (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest golf equipment suppliers to Australia were China ($X), the United States ($X) and Taiwan (Chinese) ($X), with a combined X% share of total imports. Vietnam, Thailand, Japan, South Korea and Indonesia lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, South Korea, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average golf equipment import price amounted to $X per ton, rising by X% against the previous year. Over the period under review, import price indicated a strong expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, golf equipment import price increased by X% against 2017 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Vietnam ($X per ton), while the price for Indonesia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :