Ghana: Golf Equipment Market 2024

Golf Equipment Market Size in Ghana

In 2022, after three years of decline, there was significant growth in the Ghanian golf equipment market, when its value increased by X% to $X. Overall, consumption, however, continues to indicate a precipitous decrease. Golf equipment consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Golf Equipment Exports

Exports from Ghana

In 2022, overseas shipments of golf clubs and other golf equipment were finally on the rise to reach X kg after five years of decline. Overall, exports, however, continue to indicate a noticeable reduction. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. As a result, the exports attained the peak of X kg. From 2017 to 2022, the growth of the exports remained at a lower figure.

In value terms, golf equipment exports soared to $X in 2022. Over the period under review, exports, however, continue to indicate a drastic downturn. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The UK (X kg) was the main destination for golf equipment exports from Ghana, accounting for a X% share of total exports. Moreover, golf equipment exports to the UK exceeded the volume sent to the second major destination, Uganda (X kg), sixfold. South Africa (X kg) ranked third in terms of total exports with a X% share.

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

In value terms, the UK ($X), Uganda ($X) and South Africa ($X) appeared to be the largest markets for golf equipment exported from Ghana worldwide, together accounting for X% of total exports.

In terms of the main countries of destination, Uganda, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average golf equipment export price amounted to $X per ton, jumping by X% against the previous year. Over the period under review, the export price, however, showed a mild downturn. The pace of growth appeared the most rapid in 2020 an increase of X% against the previous year. The export price peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Uganda ($X per ton), while the average price for exports to the UK ($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 France (X%), while the prices for the other major destinations experienced mixed trend patterns.

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Golf Equipment Imports

Imports into Ghana

In 2022, overseas purchases of golf clubs and other golf equipment were finally on the rise to reach X tons after three years of decline. In general, imports, however, showed a dramatic shrinkage. The pace of growth appeared the most rapid in 2018 with an increase of X%. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, golf equipment imports skyrocketed to $X in 2022. Over the period under review, imports, however, showed a deep downturn. The pace of growth appeared the most rapid in 2016 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X kg) constituted the largest golf equipment supplier to Ghana, with a X% share of total imports. Moreover, golf equipment imports from China exceeded the figures recorded by the second-largest supplier, Canada (X kg), fourfold. The UK (X kg) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (X% per year) and the UK (X% per year).

In value terms, China ($X) constituted the largest supplier of golf clubs and other golf equipment to Ghana, comprising X% of total imports. The second position in the ranking was taken by the UK ($X), with a X% share of total imports. It was followed by South Africa, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (X% per year) and South Africa (X% per year).

Import Prices by Country

In 2022, the average golf equipment import price amounted to $X per ton, surging by X% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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 South Africa ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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