Peru: Golf Equipment Market 2024

Golf Equipment Market Size in Peru

In 2022, the Peruvian golf equipment market increased by X% to $X, rising for the third year in a row after two years of decline. Overall, consumption showed a strong increase. Over the period under review, the market reached the maximum level in 2022 and is likely to continue growth in years to come.

Golf Equipment Exports

Exports from Peru

In 2022, overseas shipments of golf clubs and other golf equipment decreased by X% to X kg, falling for the second consecutive year after three years of growth. Overall, exports continue to indicate a abrupt downturn. The growth pace was the most rapid in 2018 with an increase of X%. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, golf equipment exports reduced remarkably to $X in 2022. In general, exports saw a precipitous decline. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Colombia (X kg) was the main destination for golf equipment exports from Peru, accounting for a X% share of total exports. Moreover, golf equipment exports to Colombia exceeded the volume sent to the second major destination, Chile (X kg), tenfold. The third position in this ranking was taken by Guatemala (X kg), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Colombia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (X% per year) and Guatemala (X% per year).

In value terms, Colombia ($X) remains the key foreign market for golf clubs and other golf equipment exports from Peru, comprising X% of total exports. The second position in the ranking was held by Chile ($X), with a X% share of total exports. It was followed by Honduras, with an X% share.

From 2012 to 2022, the average annual growth rate of value to Colombia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (X% per year) and Honduras (X% per year).

Export Prices by Country

In 2022, the average golf equipment export price amounted to $X per ton, shrinking by X% against the previous year. Overall, the export price faced a sharp shrinkage. The most prominent rate of growth was recorded in 2019 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

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 Honduras ($X per ton), while the average price for exports to Guatemala ($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 Honduras (X%), while the prices for the other major destinations experienced mixed trend patterns.

Golf Equipment Imports

Imports into Peru

In 2022, purchases abroad of golf clubs and other golf equipment increased by X% to X tons, rising for the third year in a row after two years of decline. Overall, imports saw resilient growth. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to continue growth in the immediate term.

In value terms, golf equipment imports surged to $X in 2022. Over the period under review, imports, however, recorded a perceptible contraction. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest golf equipment supplier to Peru, 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 States (X kg), sixfold. Pakistan (X kg) ranked third in terms of total imports with less than 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 States (X% per year) and Pakistan (X% per year).

In value terms, China ($X), the United States ($X) and Panama ($X) constituted the largest golf equipment suppliers to Peru, together accounting for X% of total imports. Pakistan, Chile, Sweden, India, Indonesia and Guatemala lagged somewhat behind, together comprising a further X%.

Among the main suppliers, Pakistan, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average golf equipment import price stood at $X per ton in 2022, shrinking by X% against the previous year. Over the period under review, the import price continues to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2016 when the average import price increased by X%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

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

Source: IndexBox Platform

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