Eastern Europe: Golf Equipment Market 2024

Golf Equipment Market Size in Eastern Europe

In 2022, the East European golf equipment market was finally on the rise to reach $X after two years of decline. In general, consumption, however, showed a pronounced contraction. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market failed to regain momentum.

Golf Equipment Production in Eastern Europe

In value terms, golf equipment production totaled $X in 2022 estimated in export price. In general, production showed a noticeable curtailment. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2016 to 2022, production growth failed to regain momentum.

Golf Equipment Exports

Exports in Eastern Europe

For the eighth consecutive year, Eastern Europe recorded growth in shipments abroad of golf clubs and other golf equipment, which increased by X% to X tons in 2022. Over the period under review, exports showed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, golf equipment exports fell sharply to $X in 2022. In general, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2019 when exports increased by X% against the previous year. The level of export peaked at $X in 2021, and then declined remarkably in the following year.

Exports by Country

In 2022, Poland (X tons) represented the main exporter of golf clubs and other golf equipment, constituting X% of total exports. The Czech Republic (X tons) ranks second in terms of the total exports with a X% share, followed by Russia (X%). The following exporters - Hungary (X tons), Slovakia (X tons), Lithuania (X tons) and Romania (X tons) - together made up X% of total exports.

Exports from Poland increased at an average annual rate of X% from 2012 to 2022. At the same time, Russia (X%), the Czech Republic (X%), Lithuania (X%), Hungary (X%) and Romania (X%) displayed positive paces of growth. Moreover, Russia emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of X% from 2012-2022. Slovakia experienced a relatively flat trend pattern. Russia (X p.p.) and the Czech Republic (X p.p.) significantly strengthened its position in terms of the total exports, while Poland and Slovakia saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Poland ($X), the Czech Republic ($X) and Russia ($X) were the countries with the highest levels of exports in 2022, with a combined X% share of total exports.

In terms of the main exporting countries, Russia, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Eastern Europe amounted to $X per ton, falling by X% against the previous year. In general, the export price, however, continues to indicate a modest expansion. The pace of growth appeared the most rapid in 2013 an increase of X%. The level of export peaked at $X per ton in 2021, and then shrank remarkably in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the Czech Republic ($X per ton), while Romania ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (X%), while the other leaders experienced more modest paces of growth.

Golf Equipment Imports

Imports in Eastern Europe

Golf equipment imports skyrocketed to X tons in 2022, growing by X% on 2021. In general, imports saw buoyant growth. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, golf equipment imports expanded rapidly to $X in 2022. Total imports indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2017 indices. The pace of growth was the most pronounced in 2013 when imports increased by X%. Over the period under review, imports attained the peak figure in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

In 2022, the Czech Republic (X tons) and Poland (X tons) were the main importers of golf clubs and other golf equipment in Eastern Europe, together generating X% of total imports. Romania (X tons) ranks next in terms of the total imports with a X% share, followed by Slovakia (X%) and Russia (X%). Hungary (X tons) and Bulgaria (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Romania (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Czech Republic ($X) constitutes the largest market for imported golf clubs and other golf equipment in Eastern Europe, comprising X% of total imports. The second position in the ranking was taken by Poland ($X), with a X% share of total imports. It was followed by Slovakia, with a X% share.

In the Czech Republic, golf equipment imports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Poland (X% per year) and Slovakia (X% per year).

Import Prices by Country

In 2022, the import price in Eastern Europe amounted to $X per ton, waning by X% against the previous year. In general, the import price recorded a noticeable descent. The pace of growth appeared the most rapid in 2020 when the import price increased by X%. The level of import peaked at $X per ton in 2021, and then contracted markedly in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the Czech Republic ($X per ton), while Romania ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :