Cyprus: Golf Equipment Market 2020

Golf Equipment Market Size in Cyprus

The revenue of the golf equipment market in Cyprus amounted to $X in 2018, jumping 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 continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of X% y-o-y. In that year, the golf equipment market attained its peak level of $X. From 2014 to 2018, the growth of the golf equipment market remained at a somewhat lower figure.

Golf Equipment Exports

Exports from Cyprus

Golf equipment exports from Cyprus amounted to X kg in 2018, going down by -X% against the previous year. Overall, golf equipment exports, however, continue to indicate resilient growth. The growth pace was the most rapid in 2010 with an increase of X% y-o-y. Cyprus exports peaked at X tons in 2015; however, from 2016 to 2018, exports remained at a lower figure.

In value terms, golf equipment exports stood at $X in 2018. In general, golf equipment exports, however, continue to indicate prominent growth. The pace of growth was the most pronounced in 2008 when exports increased by X% year-to-year. Over the period under review, golf equipment exports attained their peak figure at $X in 2015; however, from 2016 to 2018, exports failed to regain their momentum.

Exports by Country

In 2018, Taiwan, Chinese (X tons), China (X tons), the U.S. (X tons), Thailand (X tons) and the UK (X tons) represented the major exporters of golf clubs and other golf equipment in the world, committing X% of total export. China, Hong Kong SAR (X tons) held a X% share (based on tons) of total exports, which put it in second place, followed by Japan (X%). The Netherlands (X tons) followed a long way behind the leaders.

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

In value terms, China ($X), China, Hong Kong SAR ($X) and Taiwan, Chinese ($X) constituted the countries with the highest levels of exports in 2018, with a combined X% share of total exports. These countries were followed by the U.S., Japan, the UK, Thailand, the Netherlands and Cyprus, which together accounted for a further X experienced the highest growth rate of exports, in terms of the main exporting countries over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the golf equipment export price in Cyprus amounted to $X per ton, picking up by X% against the previous year. Overall, the golf equipment export price continues to indicate resilient growth. The pace of growth was the most pronounced in 2008 an increase of X% against the previous year. Over the period under review, the export prices for golf clubs and other golf equipment reached their peak figure at $X per ton in 2009; however, from 2010 to 2018, export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was China, Hong Kong SAR ($X per ton), while the Netherlands ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by China, while the other leaders experienced more modest paces of growth.

Golf Equipment Imports

Imports into Cyprus

Golf equipment imports into Cyprus amounted to X tons in 2018, surging by X% against the previous year. In general, golf equipment imports continue to indicate a moderate expansion. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. In that year, golf equipment imports reached their peak of X tons. From 2014 to 2018, the growth of golf equipment imports failed to regain its momentum.

In value terms, golf equipment imports stood at $X in 2018. In general, golf equipment imports continue to indicate a slight drop. The most prominent rate of growth was recorded in 2018 when imports increased by X% year-to-year. Cyprus imports peaked at $X in 2013; however, from 2014 to 2018, imports stood at a somewhat lower figure.

Imports by Country

The U.S. (X tons) and Japan (X tons) were the largest importers of golf clubs and other golf equipment in 2018, resulting at near X% and X% of total imports, respectively. China, Hong Kong SAR (X tons) occupied the next position in the ranking, followed by the UK (X tons), South Korea (X tons), Canada (X tons) and Mexico (X tons). All these countries together held approx. X% share of total imports. China (X tons), the Netherlands (X tons), France (X tons), Germany (X tons) and Australia (X tons) followed a long way behind the leaders.

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

In value terms, the largest golf equipment importing markets into Cyprus were the U.S. ($X), Japan ($X) and China, Hong Kong SAR ($X), together accounting for X% of total imports. South Korea, Mexico, the UK, China, Canada, Australia, France, the Netherlands, Germany and Cyprus lagged somewhat behind, together comprising a further X terms of the main importing countries, Mexico recorded the highest rates of growth with regard to imports, over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the golf equipment import price in Cyprus amounted to $X per ton, jumping by X% against the previous year. Over the period under review, the golf equipment import price, however, continues to indicate a perceptible drop. The growth pace was the most rapid in 2012 when the import price increased by X% year-to-year. Over the period under review, the import prices for golf clubs and other golf equipment attained their maximum at $X per ton in 2007; however, from 2008 to 2018, import prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Mexico ($X per ton), while the Netherlands ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Mexico, while the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform