Pakistan: Golf Equipment Market 2024

Golf Equipment Market Size in Pakistan

The Pakistani golf equipment market expanded modestly to $X in 2022, surging by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the maximum level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Golf Equipment Production in Pakistan

In value terms, golf equipment production reached $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2015 when the production volume increased by X%. Golf equipment production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

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Golf Equipment Exports

Exports from Pakistan

For the ninth year in a row, Pakistan recorded growth in shipments abroad of golf clubs and other golf equipment, which increased by X% to X tons in 2022. In general, exports posted resilient growth. The pace of growth appeared the most rapid in 2014 with an increase of X%. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, golf equipment exports dropped notably to $X in 2022. Overall, exports saw strong growth. The pace of growth appeared the most rapid in 2014 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2021, and then reduced sharply in the following year.

Exports by Country

The United States (X tons) was the main destination for golf equipment exports from Pakistan, accounting for a X% share of total exports. Moreover, golf equipment exports to the United States exceeded the volume sent to the second major destination, the United Arab Emirates (X tons), fourfold. The third position in this ranking was held by the UK (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (X% per year) and the UK (X% per year).

In value terms, the United States ($X) remains the key foreign market for golf clubs and other golf equipment exports from Pakistan, comprising X% of total exports. The second position in the ranking was taken by the UK ($X), with a X% share of total exports. It was followed by Ireland, with a X% share.

From 2012 to 2022, the average annual growth rate of value to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (X% per year) and Ireland (X% per year).

Export Prices by Country

In 2022, the average golf equipment export price amounted to $X per ton, with a decrease of X% against the previous year. Over the period under review, the export price continues to indicate a abrupt setback. The pace of growth was the most pronounced in 2020 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2021, and then fell remarkably in the following year.

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

Golf Equipment Imports

Imports into Pakistan

In 2022, overseas purchases of golf clubs and other golf equipment decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports, however, posted buoyant growth. The pace of growth was the most pronounced in 2016 when imports increased by X%. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, golf equipment imports contracted remarkably to $X in 2022. In general, imports recorded a abrupt decline. The most prominent rate of growth was recorded in 2021 with an increase of X%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of golf equipment to Pakistan, accounting for a X% share of total imports. Moreover, golf equipment imports from China exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X kg), twofold. The third position in this ranking was taken by Thailand (X kg), with a X% share.

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

In value terms, China ($X), the United States ($X) and the United Arab Emirates ($X) appeared to be the largest golf equipment suppliers to Pakistan, together comprising X% of total imports. Thailand, Japan and Vietnam lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Thailand, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average golf equipment import price amounted to $X per ton, standing approx. at the previous year. In general, the import price, however, recorded a deep contraction. The growth pace was the most rapid in 2019 when the average import price increased by X%. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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

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

Source: IndexBox Platform

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