Sri Lanka: Golf Equipment Market 2022

Golf Equipment Market Size in Sri Lanka

The Sri Lankan golf equipment market surged to $X in 2021, picking up by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, saw a abrupt curtailment. Golf equipment consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Golf Equipment Exports

Exports from Sri Lanka

Golf equipment exports from Sri Lanka surged to X kg in 2021, rising by X% against the previous year's figure. In general, exports, however, showed a deep downturn. The pace of growth appeared the most rapid in 2019 when exports increased by X%. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, golf equipment exports surged to $X in 2021. Overall, exports, however, recorded a abrupt setback. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

India (X kg), Germany (X kg) and the United Arab Emirates (X kg) were the main destinations of golf equipment exports from Sri Lanka, with a combined X% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by India (with a CAGR of +X%), while the other leaders experienced more modest paces of growth.

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

From 2012 to 2021, the average annual rate of growth in terms of value to Germany stood at -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+X% per year) and Singapore (+X% per year).

Export Prices by Country

In 2021, the average golf equipment export price amounted to $X per ton, shrinking by -X% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2016; however, from 2017 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by the country of destination: the country with the highest price was Singapore ($X per ton), while the average price for exports to Bangladesh ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Golf Equipment Imports

Imports into Sri Lanka

Golf equipment imports into Sri Lanka surged to X tons in 2021, growing by X% compared with the previous year's figure. In general, imports, however, saw a abrupt downturn. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, golf equipment imports soared to $X in 2021. Overall, imports, however, saw a deep contraction. The most prominent rate of growth was recorded in 2019 with an increase of X%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, the United States (X tons) constituted the largest supplier of golf equipment to Sri Lanka, accounting for a X% share of total imports. Moreover, golf equipment imports from the United States exceeded the figures recorded by the second-largest supplier, Australia (X kg), twofold. Germany (X kg) ranked third in terms of total imports with a X% share.

From 2012 to 2021, the average annual growth rate of volume from the United States totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (-X% per year) and Germany (-X% per year).

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

From 2012 to 2021, the average annual rate of growth in terms of value from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+X% per year) and Australia (-X% per year).

Import Prices by Country

The average golf equipment import price stood at $X per ton in 2021, dropping by -X% against the previous year. In general, the import price, however, enjoyed a resilient increase. The growth pace was the most rapid in 2013 an increase of X% against the previous year. The import price peaked at $X per ton in 2020, and then contracted rapidly in the following year.

Prices varied noticeably by the country of origin: the country with the highest price was Germany ($X per ton), while the price for Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2021, 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