Estonia: Golf Equipment Market 2020

Golf Equipment Market Size in Estonia

The revenue of the golf equipment market in Estonia amounted to $X in 2018, dropping 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 strong expansion. The pace of growth appeared the most rapid in 2011 with an increase of X% against the previous year. Estonia golf equipment consumption peaked at $X in 2017, and then declined slightly in the following year.

Golf Equipment Exports

Exports from Estonia

Golf equipment exports from Estonia totaled X kg in 2018, dropping by -X% against the previous year. Overall, golf equipment exports continue to indicate a dramatic descent. The growth pace was the most rapid in 2016 when exports increased by X% year-to-year. Over the period under review, golf equipment exports reached their peak figure at X tons in 2007; however, from 2008 to 2018, exports failed to regain their momentum.

In value terms, golf equipment exports stood at $X in 2018. Over the period under review, golf equipment exports continue to indicate a deep shrinkage. The growth pace was the most rapid in 2009 with an increase of X% against the previous year. Over the period under review, golf equipment exports reached their peak figure at $X in 2010; however, from 2011 to 2018, exports remained at a lower figure.

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) were the main exporters of golf clubs and other golf equipment in the world, creating X% of total export. It was distantly followed by China, Hong Kong SAR (X tons) and Japan (X tons), together making up an X% share of total exports. The Netherlands (X tons) held a relatively small share of total exports.

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) appeared to be 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 Estonia, which together accounted for a further X terms of the main exporting countries, Thailand recorded the highest growth rate of exports, over the last eleven years, while the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2018, the golf equipment export price in Estonia amounted to $X per ton, shrinking by -X% against the previous year. In general, the golf equipment export price, however, continues to indicate tangible growth. The most prominent rate of growth was recorded in 2009 when the export price increased by X% y-o-y. Estonia export price peaked at $X per ton in 2017, and then declined slightly in the following year.

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 Estonia

In 2018, approx. X tons of golf clubs and other golf equipment were imported into Estonia; waning by -X% against the previous year. Overall, golf equipment imports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2011 with an increase of X% y-o-y. Over the period under review, golf equipment imports attained their maximum at X tons in 2014; however, from 2015 to 2018, imports remained at a lower figure.

In value terms, golf equipment imports stood at $X in 2018. Overall, golf equipment imports, however, continue to indicate a mild increase. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. In that year, golf equipment imports attained their peak of $X, and then declined slightly in the following year.

Imports by Country

The U.S. (X tons) and Japan (X tons) represented roughly X% of total imports of golf clubs and other golf equipment in 2018. 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 near X% share of total imports. The following importers - China (X tons), the Netherlands (X tons), France (X tons), Germany (X tons) and Australia (X tons) - together made up X% of total imports.

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 U.S. ($X), Japan ($X) and China, Hong Kong SAR ($X) were the countries with the highest levels of imports in 2018, together comprising X% of total imports. South Korea, Mexico, the UK, China, Canada, Australia, France, the Netherlands, Germany and Estonia lagged somewhat behind, together comprising a further X recorded the highest growth rate of imports, among the main importing countries over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The golf equipment import price in Estonia stood at $X per ton in 2018, flattening at the previous year. In general, the golf equipment import price continues to indicate a slight descent. The most prominent rate of growth was recorded in 2015 an increase of X% against the previous year. Estonia import price peaked 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