Sri Lanka: Golf Equipment Market 2024

Golf Equipment Market Size in Sri Lanka

In 2022, the Sri Lankan golf equipment market decreased by X% to $X, falling for the second year in a row after two years of growth. In general, consumption showed a deep contraction. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market remained at a somewhat lower figure.

Golf Equipment Exports

Exports from Sri Lanka

In 2022, shipments abroad of golf clubs and other golf equipment decreased by X% to X kg, falling for the third consecutive year after two years of growth. In general, exports continue to indicate a precipitous descent. The most prominent rate of growth was recorded in 2019 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, golf equipment exports contracted significantly to $X in 2022. Over the period under review, exports saw a perceptible curtailment. The most prominent rate of growth was recorded in 2019 when exports increased by X%. Over the period under review, the exports reached the maximum at $X in 2021, and then declined rapidly in the following year.

Exports by Country

Germany (X kg) was the main destination for golf equipment exports from Sri Lanka, with a X% share of total exports. Moreover, golf equipment exports to Germany exceeded the volume sent to the second major destination, Ukraine (X kg), more than tenfold. The third position in this ranking was held by Jordan (X kg), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (X% per year) and Jordan (X% per year).

In value terms, Germany ($X) remains the key foreign market for golf clubs and other golf equipment exports from Sri Lanka, comprising X% of total exports. The second position in the ranking was held by Jordan ($X), with a X% share of total exports. It was followed by Ukraine, with a X% share.

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

Export Prices by Country

In 2022, the average golf equipment export price amounted to $X per ton, growing by X% against the previous year. In general, the export price recorded significant growth. The most prominent rate of growth was recorded in 2020 when the average export price increased by X% against the previous year. The export price peaked in 2022 and is likely to see steady growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Jordan ($X per ton), while the average price for exports to Canada ($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 Germany (X%), while the prices for the other major destinations experienced a decline.

Golf Equipment Imports

Imports into Sri Lanka

In 2022, overseas purchases of golf clubs and other golf equipment decreased by X% to X tons, falling for the second consecutive year after two years of growth. In general, imports showed a deep contraction. The most prominent rate of growth was recorded in 2016 with an increase of X%. As a result, imports attained the peak of X tons. From 2017 to 2022, the growth of imports failed to regain momentum.

In value terms, golf equipment imports contracted dramatically to $X in 2022. Overall, imports continue to indicate a abrupt curtailment. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest golf equipment supplier to Sri Lanka, accounting for a X% share of total imports. Moreover, golf equipment imports from China exceeded the figures recorded by the second-largest supplier, Pakistan (X tons), threefold. France (X kg) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Pakistan (X% per year) and France (X.0% per year).

In value terms, China ($X) constituted the largest supplier of golf clubs and other golf equipment to Sri Lanka, comprising X% of total imports. The second position in the ranking was held by India ($X), with a X% share of total imports. It was followed by the United States, with a X% share.

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

Import Prices by Country

In 2022, the average golf equipment import price amounted to $X per ton, with an increase of X% against the previous year. In general, the import price, however, showed a deep downturn. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 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 India ($X per ton), while the price for Pakistan ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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