Bulgaria: Golf Equipment Market Overview 2021

Golf Equipment Market Size in Bulgaria

In 2020, the Bulgarian golf equipment market increased by X% to $X, rising for the second consecutive year after two years of decline. Overall, consumption, however, recorded a relatively flat trend pattern. Golf equipment consumption peaked at $X in 2007; however, from 2008 to 2020, consumption stood at a somewhat lower figure.

Golf Equipment Production in Bulgaria

In value terms, golf equipment production skyrocketed to $X in 2020 estimated in export prices. In general, production, however, saw a slight curtailment. Golf equipment production peaked at $X in 2007; however, from 2008 to 2020, production remained at a lower figure.

Golf Equipment Exports

Exports from Bulgaria

In 2020, golf equipment exports from Bulgaria dropped notably to X tonnes, declining by -X% against the year before. Over the period under review, exports continue to indicate a deep reduction. The growth pace was the most rapid in 2014 when exports increased by X% year-to-year. As a result, exports attained the peak of X tonnes. From 2015 to 2020, the growth exports remained at a lower figure.

In value terms, golf equipment exports shrank to $X in 2020. Overall, exports recorded a abrupt decrease. The pace of growth appeared the most rapid in 2014 with an increase of X% year-to-year. As a result, exports attained the peak of $X. From 2015 to 2020, the growth exports failed to regain the momentum.

Exports by Country

Romania (X kg) was the main destination for golf equipment exports from Bulgaria, accounting for a X% share of total exports. Moreover, golf equipment exports to Romania exceeded the volume sent to the second major destination, the U.S. (X kg), threefold. Denmark (X kg) ranked third in terms of total exports with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume to Romania stood at -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the U.S. (-X% per year) and Denmark (-X% per year).

In value terms, the largest markets for golf equipment exported from Bulgaria were Romania ($X), Denmark ($X) and the U.S. ($X), with a combined X% share of total exports.

Among the main countries of destination, Romania recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average golf equipment export price stood at $X per tonne in 2020, picking up by X% against the previous year. Over the period under review, the export price, however, continues to indicate a perceptible decrease. The pace of growth was the most pronounced in 2011 an increase of X% against the previous year. Over the period under review, average export prices reached the peak figure at $X per tonne in 2007; however, from 2008 to 2020, export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2020, the country with the highest price was Denmark ($X per tonne), while the average price for exports to Romania ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Romania, while the prices for the other major destinations experienced more modest paces of growth.

Golf Equipment Imports

Imports into Bulgaria

In 2020, supplies from abroad of golf clubs and other golf equipment increased by X% to X tonnes, rising for the second consecutive year after two years of decline. In general, imports showed a strong increase. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, imports attained the maximum in 2020 and are likely to see gradual growth in years to come.

In value terms, golf equipment imports skyrocketed to $X in 2020. Over the period under review, imports recorded a prominent increase. The pace of growth was the most pronounced in 2016 with an increase of X% year-to-year. Imports peaked in 2020 and are expected to retain growth in the near future.

Imports by Country

In 2020, the UK (X tonnes) constituted the largest golf equipment supplier to Bulgaria, with a X% share of total imports. Moreover, golf equipment imports from the UK exceeded the figures recorded by the second-largest supplier, the Netherlands (X tonnes), ninefold. The third position in this ranking was occupied by Romania (X kg), with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume from the UK stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-X% per year) and Romania (+X% per year).

In value terms, the UK ($X) constituted the largest supplier of golf equipment to Bulgaria, comprising X% of total imports. The second position in the ranking was occupied by the Netherlands ($X), with a X% share of total imports. It was followed by Romania, with a X% share.

From 2007 to 2020, the average annual growth rate of value from the UK stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-X% per year) and Romania (+X% per year).

Import Prices by Country

In 2020, the average golf equipment import price amounted to $X per tonne, shrinking by -X% against the previous year. In general, the import price, however, showed slight growth. The most prominent rate of growth was recorded in 2008 an increase of X% year-to-year. The import price peaked at $X per tonne in 2010; however, from 2011 to 2020, import prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was the Netherlands ($X per tonne), while the price for the UK ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Poland, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for golf clubs and other golf equipment in the world?

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India (57K tonnes) remains the largest golf equipment consuming country worldwide, accounting for 32% of total volume. Moreover, golf equipment consumption in India exceeded the figures recorded by the second-largest consumer, China (22K tonnes), threefold. The U.S. (13K tonnes) ranked third in terms of total consumption with a 7.4% share.

What are the largest producers of golf clubs and other golf equipment in the world?

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The countries with the highest volumes of golf equipment production in 2020 were India (57K tonnes), China (41K tonnes) and Taiwan (Chinese) (22K tonnes), with a combined 61% share of global production. These countries were followed by Thailand, Indonesia, Japan, Tanzania, Pakistan, Mexico, Viet Nam, Bangladesh and the UK, which together accounted for a further 27%.

What are the leading suppliers of golf clubs and other golf equipment to Bulgaria?

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In value terms, the UK ($294K) constituted the largest supplier of golf equipment to Bulgaria, comprising 74% of total imports. The second position in the ranking was occupied by the Netherlands ($55K), with a 14% share of total imports. It was followed by Romania, with a 3.7% share.

What are the leading importers of golf clubs and other golf equipment from Bulgaria?

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In value terms, the largest markets for golf equipment exported from Bulgaria were Romania ($8.7K), Denmark ($8.6K) and the U.S. ($4.6K), together comprising 79% of total exports.

What is the average export price for golf clubs and other golf equipment in Bulgaria?

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The average golf equipment export price stood at $27,487 per tonne in 2020, surging by 18% against the previous year.

What is the average import price for golf clubs and other golf equipment in Bulgaria?

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The average golf equipment import price stood at $16,629 per tonne in 2020, declining by -3.6% against the previous year.