Greece: Golf Equipment Market Overview 2020

Golf Equipment Market Size in Greece

The revenue of the golf equipment market in Greece amounted to $X in 2018, declining 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). Overall, golf equipment consumption continues to indicate a deep setback. The growth pace was the most rapid in 2016 when the market value increased by X% against the previous year. Over the period under review, the golf equipment market reached its maximum level at $X in 2007; however, from 2008 to 2018, consumption remained at a lower figure.

Golf Equipment Exports

Exports from Greece

In 2018, the exports of golf clubs and other golf equipment from Greece totaled X tonnes, jumping by X% against the previous year. Overall, golf equipment exports continue to indicate outstanding growth. The most prominent rate of growth was recorded in 2018 when exports increased by X% year-to-year. In that year, golf equipment exports attained their peak and are likely to continue its growth in the immediate term.

In value terms, golf equipment exports stood at $X in 2018. Over the period under review, golf equipment exports continue to indicate an outstanding expansion. The most prominent rate of growth was recorded in 2010 when exports increased by X% against the previous year. Over the period under review, golf equipment exports reached their maximum in 2018 and are expected to retain its growth in the immediate term.

Exports by Country

Cyprus (X tonnes), Turkey (X kg) and Italy (X kg) were the main destinations of golf equipment exports from Greece, with a combined X% share of total exports.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main countries of destination, was attained by Cyprus (+X% per year), while exports for the other leaders experienced more modest paces of growth.

In value terms, Cyprus ($X) remains the key foreign market for golf equipment exports from Greece, comprising X% of total golf equipment exports. The second position in the ranking was occupied by the U.S. ($X), with a X% share of total exports. It was followed by Turkey, with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value to Cyprus amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the U.S. (+X% per year) and Turkey (+X% per year).

Export Prices by Country

In 2018, the average golf equipment export price amounted to $X per tonne, lowering by -X% against the previous year. In general, the golf equipment export price continues to indicate a deep slump. The growth pace was the most rapid in 2010 when the average export price increased by X% y-o-y. In that year, the average export prices for golf clubs and other golf equipment reached their peak level of $X per tonne. From 2011 to 2018, the growth in terms of the average export prices for golf clubs and other golf equipment remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2018, the country with the highest price was the U.S. ($X per tonne), while the average price for exports to Italy ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to the U.S., while the prices for the other major destinations experienced more modest paces of growth.

Golf Equipment Imports

Imports into Greece

In 2018, the golf equipment imports into Greece amounted to X tonnes, coming down by -X% against the previous year. Overall, golf equipment imports continue to indicate a deep decline. The pace of growth was the most pronounced in 2017 when imports increased by X% y-o-y. Imports peaked at X tonnes in 2007; however, from 2008 to 2018, imports remained at a lower figure.

In value terms, golf equipment imports stood at $X in 2018. In general, golf equipment imports continue to indicate a significant reduction. The growth pace was the most rapid in 2013 when imports increased by X% year-to-year. Imports peaked at $X in 2007; however, from 2008 to 2018, imports remained at a lower figure.

Imports by Country

Belgium (X tonnes), the UK (X tonnes) and the U.S. (X tonnes) were the main suppliers of golf equipment imports to Greece, together accounting for X% of total imports.

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

In value terms, the UK ($X), Belgium ($X) and the U.S. ($X) constituted the largest golf equipment suppliers to Greece, with a combined X% share of total imports. The Netherlands, Spain, Cyprus, Sweden, Taiwan, Chinese, Pakistan, France, China and Italy lagged somewhat behind, together comprising a further X recorded the highest growth rate of market size, in terms of the main suppliers over the period under review, while imports for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average golf equipment import price stood at $X per tonne in 2018, picking up by X% against the previous year. In general, the golf equipment import price continues to indicate measured growth. The most prominent rate of growth was recorded in 2013 an increase of X% year-to-year. Over the period under review, the average import prices for golf clubs and other golf equipment reached their peak figure at $X per tonne in 2016; however, from 2017 to 2018, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2018, the country with the highest price was the Netherlands ($X per tonne), while the price for Italy ($X per tonne) was amongst the lowest.

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

Source: IndexBox AI Platform