Portugal: Golf Equipment Market 2024

Golf Equipment Market Size in Portugal

In 2022, the Portuguese golf equipment market increased by X% to $X, rising for the eighth consecutive year after two years of decline. In general, the total consumption indicated a temperate 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 increased by X% against 2014 indices. Golf equipment consumption peaked in 2022 and is expected to retain growth in the near future.

Golf Equipment Production in Portugal

In value terms, golf equipment production contracted to $X in 2022 estimated in export price. Over the period under review, production saw significant growth. The pace of growth appeared the most rapid in 2016 when the production volume increased by X% against the previous year. Golf equipment production peaked at $X in 2021, and then dropped in the following year.

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Golf Equipment Exports

Exports from Portugal

In 2022, shipments abroad of golf clubs and other golf equipment decreased by X% to X tons, falling for the second year in a row after four years of growth. Over the period under review, exports continue to indicate a slight contraction. The most prominent rate of growth was recorded in 2020 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, golf equipment exports fell markedly to $X in 2022. In general, exports continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The UK (X tons) was the main destination for golf equipment exports from Portugal, with a X% share of total exports. Moreover, golf equipment exports to the UK exceeded the volume sent to the second major destination, Spain (X tons), twofold. Ghana (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to the UK totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (X% per year) and Ghana (X% per year).

In value terms, the UK ($X), Spain ($X) and the Netherlands ($X) were the largest markets for golf equipment exported from Portugal worldwide, with a combined X% share of total exports. Angola, Switzerland, Ghana and Belgium lagged somewhat behind, together accounting for a further X%.

Ghana, with a CAGR of X%, saw 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, with an increase of X% against the previous year. Over the period under review, the export price, however, recorded a abrupt slump. The most prominent rate of growth was recorded in 2015 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to the UK ($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 Ghana (X%), while the prices for the other major destinations experienced more modest paces of growth.

Golf Equipment Imports

Imports into Portugal

In 2022, approx. X tons of golf clubs and other golf equipment were imported into Portugal; rising by X% compared with the previous year. Over the period under review, imports, however, recorded a slight curtailment. Over the period under review, imports reached the peak figure at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, golf equipment imports skyrocketed to $X in 2022. Overall, imports, however, continue to indicate a relatively flat trend pattern. Imports peaked at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

France (X tons), the Netherlands (X tons) and Spain (X tons) were the main suppliers of golf equipment imports to Portugal, with a combined X% share of total imports. Belgium, China, Germany and the UK lagged somewhat behind, together comprising a further X%.

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

In value terms, the largest golf equipment suppliers to Portugal were France ($X), the Netherlands ($X) and Spain ($X), with a combined X% share of total imports. Germany, the UK, China and Belgium lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, China, with a CAGR of X%, recorded the highest rates of growth with regard to 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

The average golf equipment import price stood at $X per ton in 2022, reducing by X% against the previous year. Over the period under review, import price indicated a modest expansion from 2012 to 2022: its price 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, golf equipment import price decreased by X% against 2017 indices. The pace of growth appeared the most rapid in 2017 an increase of X%. As a result, import price reached the peak level of $X per ton. From 2018 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 the UK ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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