Malaysia: Golf Equipment Market 2024

Golf Equipment Market Size in Malaysia

The Malaysian golf equipment market rose rapidly to $X in 2022, surging by X% against the previous year. In general, consumption, however, recorded a noticeable downturn. Golf equipment consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Golf Equipment Production in Malaysia

In value terms, golf equipment production fell to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a noticeable setback. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

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Golf Equipment Exports

Exports from Malaysia

In 2022, the amount of golf clubs and other golf equipment exported from Malaysia fell notably to X tons, which is down by X% against the year before. In general, exports recorded a abrupt contraction. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, golf equipment exports soared to $X in 2022. Over the period under review, exports recorded a noticeable decline. The most prominent rate of growth was recorded in 2018 when exports increased by X%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Denmark (X tons), Singapore (X tons) and Indonesia (X tons) were the main destinations of golf equipment exports from Malaysia, together accounting for X% of total exports.

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

In value terms, Singapore ($X), Indonesia ($X) and Vietnam ($X) were the largest markets for golf equipment exported from Malaysia worldwide, with a combined X% share of total exports. The United Arab Emirates, Myanmar, India, South Korea, Japan, Denmark, Brunei Darussalam, Australia, Thailand and Germany lagged somewhat behind, together comprising a further X%.

Denmark, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average golf equipment export price amounted to $X per ton, rising by X% against the previous year. In general, the export price recorded prominent growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Germany ($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 Japan (X%), while the prices for the other major destinations experienced more modest paces of growth.

Golf Equipment Imports

Imports into Malaysia

In 2022, supplies from abroad of golf clubs and other golf equipment increased by X% to X tons, rising for the second consecutive year after two years of decline. Overall, imports recorded a strong increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, golf equipment imports amounted to $X in 2022. Over the period under review, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X%. Imports peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), Japan (X tons) and Indonesia (X tons) were the main suppliers of golf equipment imports to Malaysia, with a combined X% share of total imports. Taiwan (Chinese), the United States, Thailand, Vietnam, Hong Kong SAR and Singapore lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Vietnam (with a CAGR of X%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest golf equipment suppliers to Malaysia were Japan ($X), China ($X) and Hong Kong SAR ($X), together accounting for X% of total imports. Taiwan (Chinese), the United States, Indonesia, Vietnam, Singapore and Thailand lagged somewhat behind, together comprising a further X%.

Vietnam, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

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. Over the period under review, the import price saw a abrupt slump. The growth pace was the most rapid in 2016 when the average import price increased by X%. As a result, import price attained the peak level of $X per ton. From 2017 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Hong Kong SAR ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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