Finland: Golf Equipment Market 2024

Golf Equipment Market Size in Finland

For the fifth consecutive year, the Finnish golf equipment market recorded growth in sales value, which increased by X% to $X in 2022. In general, consumption posted a strong increase. Golf equipment consumption peaked in 2022 and is expected to retain growth in the near future.

Golf Equipment Exports

Exports from Finland

In 2022, shipments abroad of golf clubs and other golf equipment increased by X% to X tons, rising for the third year in a row after three years of decline. In general, exports showed a buoyant increase. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, golf equipment exports soared to $X in 2022. Overall, exports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2014 with an increase of X%. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in the immediate term.

Exports by Country

Sweden (X tons) was the main destination for golf equipment exports from Finland, with a X% share of total exports. Moreover, golf equipment exports to Sweden exceeded the volume sent to the second major destination, Iceland (X kg), fivefold. The third position in this ranking was held by the United States (X kg), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Sweden amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iceland (X% per year) and the United States (X% per year).

In value terms, Sweden ($X) emerged as the key foreign market for golf clubs and other golf equipment exports from Finland, comprising X% of total exports. The second position in the ranking was held by the UK ($X), with a X% share of total exports. It was followed by the United States, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Sweden amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (X% per year) and the United States (X% per year).

Export Prices by Country

The average golf equipment export price stood at $X per ton in 2022, with an increase of X% against the previous year. Over the period under review, the export price enjoyed a resilient expansion. The growth pace was the most rapid in 2019 an increase of X% against the previous year. The export price peaked in 2022 and is likely to continue growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Germany ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (X%), while the prices for the other major destinations experienced more modest paces of growth.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Golf Equipment Imports

Imports into Finland

In 2022, the amount of golf clubs and other golf equipment imported into Finland skyrocketed to X tons, growing by X% on the year before. Over the period under review, total imports indicated resilient growth from 2012 to 2022: its volume 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 2018 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, golf equipment imports expanded modestly to $X in 2022. Overall, imports enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2021 with an increase of X%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

China (X tons), the Netherlands (X tons) and Taiwan (Chinese) (X tons) were the main suppliers of golf equipment imports to Finland, with a combined X% share of total imports. The United States, Sweden, the UK, Indonesia and Japan lagged somewhat behind, together accounting for a further X%.

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

In value terms, China ($X) constituted the largest supplier of golf clubs and other golf equipment to Finland, comprising X% of total imports. The second position in the ranking was held by the United States ($X), with an X% share of total imports. It was followed by the Netherlands, with an X% share.

From 2012 to 2022, the average annual growth rate of value from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and the Netherlands (X% per year).

Import Prices by Country

The average golf equipment import price stood at $X per ton in 2022, with a decrease of X% against the previous year. Overall, import price indicated a slight expansion from 2012 to 2022: its price 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. The pace of growth was the most pronounced in 2021 an increase of X%. As a result, import price attained the peak level of $X per ton, and then plummeted in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($X per ton), while the price for Taiwan (Chinese) ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :