Myanmar: Golf Equipment Market 2024

Golf Equipment Market Size in Myanmar

The Myanmar's golf equipment market dropped to $X in 2022, which is down by X% against the previous year. In general, the total consumption indicated a modest expansion from 2012 to 2022: its value 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, consumption decreased by X% against 2019 indices. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

Golf Equipment Production in Myanmar

In value terms, golf equipment production reduced to $X in 2022 estimated in export price. Overall, production, however, saw a slight expansion. The pace of growth appeared the most rapid in 2014 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2022, production growth failed to regain momentum.

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Golf Equipment Exports

Exports from Myanmar

In 2022, after two years of growth, there was significant decline in overseas shipments of golf clubs and other golf equipment, when their volume decreased by X% to X tons. Over the period under review, exports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. The exports peaked at X tons in 2021, and then dropped rapidly in the following year.

In value terms, golf equipment exports surged to $X in 2022. In general, exports, however, recorded a significant increase. The pace of growth was the most pronounced in 2018 when exports increased by X% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

China (X tons), Vietnam (X tons) and the Czech Republic (X tons) were the main destinations of golf equipment exports from Myanmar.

From 2015 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Vietnam (with a CAGR of X.9%), while the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X), China ($X) and the Czech Republic ($X) were the largest markets for golf equipment exported from Myanmar worldwide, together accounting for X% of total exports.

Vietnam, with a CAGR of X.8%, recorded the highest rates of growth with regard to 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, surging by X% against the previous year. Overall, the export price continues to indicate a remarkable increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per ton), while the average price for exports to the United States ($X per ton) was amongst the lowest.

From 2015 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (X%), while the prices for the other major destinations experienced more modest paces of growth.

Golf Equipment Imports

Imports into Myanmar

In 2022, purchases 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. Over the period under review, imports showed a noticeable increase. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, golf equipment imports rose notably to $X in 2022. Overall, imports continue to indicate a modest increase. The most prominent rate of growth was recorded in 2013 with an increase of X%. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports remained at a lower figure.

Imports by Country

China (X tons), Japan (X tons) and Taiwan (Chinese) (X tons) were the main suppliers of golf equipment imports to Myanmar, with a combined X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Taiwan (Chinese) (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Japan ($X) and Vietnam ($X) appeared to be the largest golf equipment suppliers to Myanmar, with a combined X% share of total imports. Taiwan (Chinese), the United States, Indonesia, South Korea, Thailand, Malaysia and Singapore lagged somewhat behind, together accounting for a further X%.

Taiwan (Chinese), with a CAGR of X%, recorded the highest growth rate of 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 continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2021 to 2022, the average import prices remained at a somewhat lower figure.

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

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

Source: IndexBox Platform

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