Spain: Golf Equipment Market 2024

Golf Equipment Market Size in Spain

The Spanish golf equipment market skyrocketed to $X in 2022, surging by X% against the previous year. Over the period under review, consumption continues to indicate moderate growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Golf Equipment Production in Spain

In value terms, golf equipment production amounted to $X in 2022 estimated in export price. Overall, production, however, saw a noticeable slump. The pace of growth was the most pronounced in 2019 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

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Golf Equipment Exports

Exports from Spain

In 2022, shipments abroad of golf clubs and other golf equipment decreased by X% to X tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, recorded a significant expansion. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, golf equipment exports fell to $X in 2022. In general, exports, however, continue to indicate a strong increase. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X, and then fell slightly in the following year.

Exports by Country

The UK (X tons), France (X tons) and the United States (X tons) were the main destinations of golf equipment exports from Spain, with a combined X% share of total exports. Germany, Canada, Portugal, the Netherlands, Italy and Belgium lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Canada (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, France ($X), the UK ($X) and the United States ($X) appeared to be the largest markets for golf equipment exported from Spain worldwide, together comprising X% of total exports. Germany, Portugal, the Netherlands, Italy, Canada and Belgium lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, Canada, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, 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. Over the period under review, the export price, however, recorded a abrupt descent. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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

Golf Equipment Imports

Imports into Spain

In 2022, overseas purchases of golf clubs and other golf equipment increased by X% to X tons, rising for the second consecutive year after three years of decline. In general, imports recorded a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, golf equipment imports skyrocketed to $X in 2022. Overall, total imports indicated strong growth 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, imports increased by X% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Imports peaked in 2022 and are likely to continue growth in years to come.

Imports by Country

In 2022, Bulgaria (X tons) constituted the largest golf equipment supplier to Spain, accounting for a X% share of total imports. Moreover, golf equipment imports from Bulgaria exceeded the figures recorded by the second-largest supplier, China (X tons), fourfold. The third position in this ranking was held by the Netherlands (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Bulgaria totaled X.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and the Netherlands (X% per year).

In value terms, the Netherlands ($X), China ($X) and Germany ($X) appeared to be the largest golf equipment suppliers to Spain, with a combined X% share of total imports. France, the UK, Taiwan (Chinese), Italy, the United States and Bulgaria lagged somewhat behind, together accounting for a further X%.

Bulgaria, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers 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, waning by X% against the previous year. Overall, the import price saw a significant curtailment. The most prominent rate of growth was recorded in 2018 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 Germany ($X per ton), while the price for Bulgaria ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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