Bulgaria: Golf Equipment Market Overview 2020

Golf Equipment Market Size in Bulgaria

The revenue of the golf equipment market in Bulgaria amounted to $X in 2018, picking up 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). In general, golf equipment consumption, however, continues to indicate a significant increase. The pace of growth appeared the most rapid in 2008 with an increase of X% y-o-y. In that year, the golf equipment market attained its peak level of $X. From 2009 to 2018, the growth of the golf equipment market failed to regain its momentum.

Golf Equipment Exports

Exports from Bulgaria

Golf equipment exports from Bulgaria amounted to X tonnes in 2018, increasing by X% against the previous year. In general, golf equipment exports continue to indicate a prominent increase. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, golf equipment exports reached their maximum in 2018 and are likely to see steady growth in the immediate term.

In value terms, golf equipment exports totaled $X in 2018. Overall, golf equipment exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when exports increased by X% year-to-year. In that year, golf equipment exports attained their peak and are likely to continue its growth in the immediate term.

Exports by Country

Germany (X kg), the Netherlands (X kg) and Australia (X kg) were the main destinations of golf equipment exports from Bulgaria, together comprising X% of total exports.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main countries of destination, was attained by Australia, while the other leaders experienced more modest paces of growth.

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

In terms of the main countries of destination, Australia (+X% per year) recorded the highest growth rate of exports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the average golf equipment export price amounted to $X per tonne, picking up by X% against the previous year. In general, the golf equipment export price, however, continues to indicate a deep setback. The most prominent rate of growth was recorded in 2018 when the average export price increased by X% y-o-y. Over the period under review, the average export prices for golf clubs and other golf equipment reached their maximum at $X per tonne in 2007; however, from 2008 to 2018, export prices remained at a lower figure.

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

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Australia, while the prices for the other major destinations experienced mixed trend patterns.

Golf Equipment Imports

Imports into Bulgaria

Golf equipment imports into Bulgaria stood at X tonnes in 2018, going up by X% against the previous year. Over the period under review, the total imports indicated a conspicuous expansion from 2007 to 2018: its volume increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, golf equipment imports decreased by -X% against 2014 indices. The pace of growth appeared the most rapid in 2008 when imports increased by X% year-to-year. Over the period under review, golf equipment imports reached their peak figure at X tonnes in 2014; however, from 2015 to 2018, imports stood at a somewhat lower figure.

In value terms, golf equipment imports totaled $X in 2018. Over the period under review, golf equipment imports continue to indicate a remarkable increase. The pace of growth appeared the most rapid in 2008 with an increase of X% against the previous year. Over the period under review, golf equipment imports attained their maximum at $X in 2014; however, from 2015 to 2018, imports remained at a lower figure.

Imports by Country

In 2018, the UK (X tonnes) constituted the largest supplier of golf equipment 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, Serbia (X kg), fourfold. The third position in this ranking was occupied by China (X kg), with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of volume from the UK amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Serbia (+X% per year) and China (+X% per year).

In value terms, the UK ($X), Italy ($X) and the Netherlands ($X) appeared to be the largest golf equipment suppliers to Bulgaria, with a combined X% share of total imports. These countries were followed by Germany, Slovenia, the Czech Republic, China, Serbia, Spain, Turkey, Pakistan and China, Hong Kong SAR, which together accounted for a further X Czech Republic recorded the highest rates of growth with regard to imports, in terms of the main suppliers over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The average golf equipment import price stood at $X per tonne in 2018, increasing by X% against the previous year. Over the period from 2007 to 2018, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2016 when the average import price increased by X% y-o-y. The import price peaked in 2018 and is expected to retain its growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2018, the country with the highest price was Italy ($X per tonne), while the price for Serbia ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by China, Hong Kong SAR, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform