Iceland: Golf Equipment Market 2020

Golf Equipment Market Size in Iceland

The revenue of the golf equipment market in Iceland amounted to $X in 2018, coming down 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). Over the period under review, golf equipment consumption, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2011 when the market value increased by X% against the previous year. Iceland golf equipment consumption peaked at $X in 2017, and then declined slightly in the following year.

Golf Equipment Exports

Exports from Iceland

Golf equipment exports from Iceland amounted to X kg in 2018, surging by X% against the previous year. Over the period under review, the total exports indicated a remarkable increase from 2007 to 2018: its volume increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, golf equipment exports increased by +X% against 2014 indices. The pace of growth appeared the most rapid in 2009 with an increase of X% y-o-y. Iceland exports peaked in 2018 and are expected to retain its growth in the near future.

In value terms, golf equipment exports stood at $X in 2018. In general, golf equipment exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, golf equipment exports attained their maximum in 2018 and are expected to retain its growth in the immediate term.

Exports by Country

The countries with the highest levels of golf equipment exports in 2018 were Taiwan, Chinese (X tons), China (X tons), the U.S. (X tons), Thailand (X tons) and the UK (X tons), together recording X% of total export. China, Hong Kong SAR (X tons) held the next position in the ranking, followed by Japan (X tons). All these countries together occupied approx. X% share of total exports. The Netherlands (X tons) followed a long way behind the leaders.

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) were the countries with the highest levels of exports in 2018, with a combined X% share of total exports. The U.S., Japan, the UK, Thailand, the Netherlands and Iceland lagged somewhat behind, together comprising a further X terms of the main exporting countries, Thailand experienced the highest rates of growth with regard to exports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Export Prices by Country

The golf equipment export price in Iceland stood at $X per ton in 2018, waning by -X% against the previous year. In general, the golf equipment export price continues to indicate a drastic reduction. The pace of growth appeared the most rapid in 2017 when the export price increased by X% y-o-y. Over the period under review, the export prices for golf clubs and other golf equipment reached their maximum at $X per ton in 2007; however, from 2008 to 2018, export prices remained at a lower figure.

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 Iceland

In 2018, the amount of golf clubs and other golf equipment imported into Iceland totaled X tons, increasing by X% against the previous year. In general, golf equipment imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when imports increased by X% year-to-year. Over the period under review, golf equipment imports attained their maximum at X tons in 2011; however, from 2012 to 2018, imports remained at a lower figure.

In value terms, golf equipment imports totaled $X in 2018. Over the period under review, golf equipment imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2011 with an increase of X% y-o-y. Over the period under review, golf equipment imports attained their maximum at $X in 2017, and then declined slightly in the following year.

Imports by Country

In 2018, the U.S. (X tons) and Japan (X tons) were the major importers of golf clubs and other golf equipmentacross the globe, together reaching approx. X% of total imports. 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 approx. X% share of total imports. China (X tons), the Netherlands (X tons), France (X tons), Germany (X tons) and Australia (X tons) occupied a minor share 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 largest golf equipment importing markets into Iceland were the U.S. ($X), Japan ($X) and China, Hong Kong SAR ($X), with a combined X% share of total imports. South Korea, Mexico, the UK, China, Canada, Australia, France, the Netherlands, Germany and Iceland lagged somewhat behind, together accounting for a further X the main importing countries, Mexico recorded the highest rates of growth with regard to imports, over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the golf equipment import price in Iceland amounted to $X per ton, reducing by -X% against the previous year. Overall, the import price indicated slight growth from 2007 to 2018: its price increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, golf equipment import price decreased by -X% against 2015 indices. The most prominent rate of growth was recorded in 2011 an increase of X% y-o-y. Over the period under review, the import prices for golf clubs and other golf equipment attained their peak figure at $X per ton in 2015; however, from 2016 to 2018, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2018, 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.

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Source: IndexBox Platform