Azerbaijan: Golf Equipment Market 2022

Golf Equipment Market Size in Azerbaijan

The Azerbaijani golf equipment market soared to $X in 2021, rising by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, continues to indicate a noticeable slump. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Golf Equipment Exports

Exports from Azerbaijan

In 2021, exports of golf clubs and other golf equipment from Azerbaijan dropped sharply to X kg, with a decrease of -X% against the previous year. In general, exports, however, saw buoyant growth. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. The exports peaked at X kg in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, golf equipment exports expanded sharply to $X in 2021. Overall, exports, however, continue to indicate a significant increase. The growth pace was the most rapid in 2020 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The UK (X kg), the United States (X kg) and Japan (X kg) were the main destinations of golf equipment exports from Azerbaijan, with a combined X% share of total exports.

From 2012 to 2021, the biggest increases were in the UK (with a CAGR of +X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X), the UK ($X) and the United States ($X) constituted the largest markets for golf equipment exported from Azerbaijan worldwide, with a combined X% share of total exports.

The United States, with a CAGR of +X%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average golf equipment export price amounted to $X per ton, rising by X% against the previous year. Over the period under review, the export price posted a pronounced expansion. The most prominent rate of growth was recorded in 2019 an increase of X% against the previous year. The export price peaked in 2021 and is expected to retain growth in years to come.

Prices varied noticeably by the country of destination: the country with the highest price was Singapore ($X per ton), while the average price for exports to the UK ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Japan (X%), while the prices for the other major destinations experienced more modest paces of growth.

Golf Equipment Imports

Imports into Azerbaijan

In 2021, the amount of golf clubs and other golf equipment imported into Azerbaijan soared to X tons, jumping by X% compared with the year before. Over the period under review, imports, however, recorded a noticeable decline. The pace of growth was the most pronounced in 2020 with an increase of X%. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, golf equipment imports dropped sharply to $X in 2021. In general, imports, however, saw a deep contraction. The most prominent rate of growth was recorded in 2019 when imports increased by X%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest golf equipment supplier to Azerbaijan, accounting for a X% share of total imports. Moreover, golf equipment imports from China exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X kg), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume from China stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (-X% per year) and Turkey (+X% per year).

In value terms, China ($X) constituted the largest supplier of golf equipment to Azerbaijan, comprising X% of total imports. The second position in the ranking was occupied by Turkey ($X), with a X% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+X% per year) and the United Arab Emirates (+X% per year).

Import Prices by Country

The average golf equipment import price stood at $X per ton in 2021, shrinking by -X% against the previous year. Overall, the import price continues to indicate a perceptible contraction. The pace of growth appeared the most rapid in 2013 an increase of X% against the previous year. The import price peaked at $X per ton in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Turkey ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform