United Kingdom: Golf Equipment Market Overview 2021

Golf Equipment Market Size in the UK

In 2019, after two years of growth, there was decline in the UK golf equipment market, when its value decreased by -X% to $X. Over the period under review, consumption, however, recorded a perceptible setback. The most prominent rate of growth was recorded in 2018 with an increase of X% y-o-y. Over the period under review, the market attained the peak level at $X in 2007; however, from 2008 to 2019, consumption stood at a somewhat lower figure.

Golf Equipment Production in the UK

In value terms, golf equipment production expanded modestly to $X in 2019 estimated in export prices. Overall, production, however, saw a perceptible descent. The most prominent rate of growth was recorded in 2014 when the production volume increased by X% y-o-y. As a result, production reached the peak level of $X. From 2015 to 2019, production growth failed to regain the momentum.

Golf Equipment Exports

Exports from the UK

In 2019, after three years of decline, there was growth in shipments abroad of golf clubs and other golf equipment, when their volume increased by X% to X tonnes. Overall, exports recorded a notable expansion. The growth pace was the most rapid in 2014 when exports increased by X% year-to-year. Over the period under review, exports attained the peak figure at X tonnes in 2015; however, from 2016 to 2019, exports stood at a somewhat lower figure.

In value terms, golf equipment exports rose markedly to $X in 2019. In general, exports recorded mild growth. The growth pace was the most rapid in 2017 with an increase of X% y-o-y. Exports peaked in 2019 and are expected to retain growth in the near future.

Exports by Country

France (X tonnes), Germany (X tonnes) and Sweden (X tonnes) were the main destinations of golf equipment exports from the UK, with a combined X% share of total exports. Ireland, Spain, the Netherlands, Denmark, Italy, Finland, Belgium, Austria and the U.S. lagged somewhat behind, together comprising a further X 2007 to 2019, the biggest increases were in Finland, while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for golf equipment exported from the UK were Germany ($X), France ($X) and Sweden ($X), with a combined X% share of total exports. The Netherlands, Ireland, Spain, Denmark, the U.S., Italy, Finland, Austria and Belgium lagged somewhat behind, together accounting for a further X terms of the main countries of destination, the U.S. saw the highest growth rate of 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 2019, the average golf equipment export price amounted to $X per tonne, growing by X% against the previous year. Over the period under review, the export price, however, recorded a pronounced reduction. The most prominent rate of growth was recorded in 2018 an increase of X% y-o-y. Over the period under review, average export prices reached the peak figure at $X per tonne in 2008; however, from 2009 to 2019, export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2019, the country with the highest price was the U.S. ($X per tonne), while the average price for exports to Denmark ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to the U.S., while the prices for the other major destinations experienced a decline.

Golf Equipment Imports

Imports into the UK

In 2019, supplies from abroad of golf clubs and other golf equipment increased by X% to X tonnes, rising for the third year in a row after two years of decline. Over the period under review, imports, however, continue to indicate a perceptible shrinkage. The growth pace was the most rapid in 2018 when imports increased by X% y-o-y. Over the period under review, imports attained the peak figure at X tonnes in 2007; however, from 2008 to 2019, imports failed to regain the momentum.

In value terms, golf equipment imports shrank to $X in 2019. Overall, imports, however, saw a perceptible decline. The growth pace was the most rapid in 2018 when imports increased by X% year-to-year. Imports peaked at $X in 2007; however, from 2008 to 2019, imports failed to regain the momentum.

Imports by Country

The U.S. (X tonnes), Thailand (X tonnes) and China (X tonnes) were the main suppliers of golf equipment imports to the UK, together accounting for X% of total imports.

From 2007 to 2019, the biggest increases were in Thailand, while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of golf equipment to the UK, comprising X% of total imports. The second position in the ranking was occupied by the U.S. ($X), with a X% share of total imports. It was followed by Taiwan (Chinese), with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of value from China stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the U.S. (-X% per year) and Taiwan (Chinese) (+X% per year).

Import Prices by Country

In 2019, the average golf equipment import price amounted to $X per tonne, declining by -X% against the previous year. In general, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2009 an increase of X% against the previous year. The import price peaked at $X per tonne in 2016; however, from 2017 to 2019, import prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Viet Nam ($X per tonne), while the price for Thailand ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by China, while the prices for the other major suppliers experienced a decline.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for golf clubs and other golf equipment in the world?

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The countries with the highest volumes of golf equipment consumption in 2019 were China (25K tonnes), Taiwan (Chinese) (19K tonnes) and India (18K tonnes), together comprising 37% of global consumption.

What are the largest producers of golf clubs and other golf equipment in the world?

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China (41K tonnes) constituted the country with the largest volume of golf equipment production, accounting for 29% of total volume. Moreover, golf equipment production in China exceeded the figures recorded by the second-largest producer, Taiwan (Chinese) (18K tonnes), twofold. India (18K tonnes) ranked third in terms of total production with a 13% share.

What are the leading suppliers of golf clubs and other golf equipment to the UK?

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In value terms, China ($142M) constituted the largest supplier of golf equipment to the UK, comprising 48% of total imports. The second position in the ranking was occupied by the U.S. ($45M), with a 15% share of total imports. It was followed by Taiwan (Chinese), with a 11% share.

What are the leading importers of golf clubs and other golf equipment from the UK?

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In value terms, the largest markets for golf equipment exported from the UK were Germany ($61M), France ($51M) and Sweden ($37M), together accounting for 45% of total exports. The Netherlands, Ireland, Spain, Denmark, the U.S., Italy, Finland, Austria and Belgium lagged somewhat behind, together accounting for a further 40%.

What is the average export price for golf clubs and other golf equipment in the UK?

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The average golf equipment export price stood at $36,303 per tonne in 2019, surging by 6.8% against the previous year.

What is the average import price for golf clubs and other golf equipment in the UK?

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In 2019, the average golf equipment import price amounted to $17,857 per tonne, reducing by -8.9% against the previous year.