Bulgaria: Golf Equipment Market Overview 2021

Golf Equipment Market Size in Bulgaria

In 2019, the Bulgarian golf equipment market was finally on the rise to reach $X after two years of decline. In general, consumption, however, showed a relatively flat trend pattern. Golf equipment consumption peaked at $X in 2007; however, from 2008 to 2019, consumption remained at a lower figure.

Golf Equipment Production in Bulgaria

In value terms, golf equipment production surged to $X in 2019 estimated in export prices. In general, production, however, showed a relatively flat trend pattern. Over the period under review, production attained the maximum level at $X in 2007; however, from 2008 to 2019, production remained at a lower figure.

Golf Equipment Exports

Exports from Bulgaria

In 2019, overseas shipments of golf clubs and other golf equipment increased by X% to X tonnes for the first time since 2016, thus ending a two-year declining trend. Overall, exports continue to indicate a significant expansion. The growth pace was the most rapid in 2014 when exports increased by X% against the previous year. As a result, exports reached the peak of X tonnes. From 2015 to 2019, the growth exports failed to regain the momentum.

In value terms, golf equipment exports surged to $X in 2019. Over the period under review, exports continue to indicate buoyant growth. The growth pace was the most rapid in 2014 with an increase of X% year-to-year. As a result, exports reached the peak of $X. From 2015 to 2019, the growth exports remained at a lower figure.

Exports by Country

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

From 2007 to 2019, the average annual rate of growth in terms of volume to the U.S. totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (+X% per year) and Canada (+X% per year).

In value terms, the U.S. ($X) remains the key foreign market for golf equipment exports from Bulgaria, comprising X% of total exports. The second position in the ranking was occupied by Canada ($X), with a X% share of total exports. It was followed by Romania, with a X% share.

From 2007 to 2019, the average annual growth rate of value to the U.S. stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+X% per year) and Romania (+X% per year).

Export Prices by Country

In 2019, the average golf equipment export price amounted to $X per tonne, declining by -X% against the previous year. In general, the export price continues to indicate a drastic downturn. The most prominent rate of growth was recorded in 2015 an increase of X% year-to-year. The export price peaked at $X per tonne in 2007; however, from 2008 to 2019, export prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Canada ($X per tonne), while the average price for exports to Romania ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to the U.S., while the prices for the other major destinations experienced mixed trend patterns.

Golf Equipment Imports

Imports into Bulgaria

In 2019, imports of golf clubs and other golf equipment into Bulgaria soared to X tonnes, picking up by X% on 2018 figures. In general, imports recorded buoyant growth. The pace of growth appeared the most rapid in 2011 with an increase of X% year-to-year. Imports peaked in 2019 and are likely to continue growth in the near future.

In value terms, golf equipment imports surged to $X in 2019. Over the period under review, imports posted buoyant growth. The pace of growth appeared the most rapid in 2018 when imports increased by X% year-to-year. Imports peaked at $X in 2011; however, from 2012 to 2019, imports stood at a somewhat lower figure.

Imports by Country

In 2019, the UK (X tonnes) constituted the largest supplier of golf equipment to Bulgaria, accounting for 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), fourfold. Poland (X tonnes) ranked third in terms of total imports with a X% share.

From 2007 to 2019, 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 Poland (+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 Poland, with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of value from the UK totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-X% per year) and Poland (+X% per year).

Import Prices by Country

The average golf equipment import price stood at $X per tonne in 2019, with an increase of X% against the previous year. In general, the import price posted a tangible increase. The growth pace was the most rapid in 2010 an increase of X% against the previous year. As a result, import price attained the peak level of $X per tonne. From 2011 to 2019, the growth in terms of the average import prices remained at a lower figure.

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

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Poland, while the prices for the other major suppliers experienced a decline.

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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The countries with the highest volumes of golf equipment consumption in 2019 were China (25K tonnes), Taiwan (Chinese) (19K tonnes) and India (18K tonnes), with a combined 37% share of global consumption.

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

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The country with the largest volume of golf equipment production was China (41K tonnes), comprising approx. 29% of total volume. Moreover, golf equipment production in China exceeded the figures recorded by the second-largest producer, Taiwan (Chinese) (18K tonnes), twofold. The third position in this ranking was occupied by India (18K tonnes), with a 13% share.

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

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In value terms, the UK ($201K) 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 ($23K), with a 8.4% share of total imports. It was followed by Poland, with a 4.1% share.

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

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In value terms, the U.S. ($66K) remains the key foreign market for golf equipment exports from Bulgaria, comprising 57% of total exports. The second position in the ranking was occupied by Canada ($20K), with a 17% share of total exports. It was followed by Romania, with a 12% share.

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

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In 2019, the average golf equipment export price amounted to $26,352 per tonne, with a decrease of -13.4% against the previous year.

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

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In 2019, the average golf equipment import price amounted to $16,534 per tonne, surging by 4.4% against the previous year.