Turkey: Golf Equipment Market 2024

Golf Equipment Market Size in Turkey

The Turkish golf equipment market surged to $X in 2022, jumping 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). Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Golf Equipment Exports

Exports from Turkey

In 2022, after two years of growth, there was significant decline in overseas shipments of golf clubs and other golf equipment, when their volume decreased by X% to X tons. Over the period under review, exports continue to indicate a deep slump. The pace of growth appeared the most rapid in 2016 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, golf equipment exports expanded markedly to $X in 2022. Overall, exports, however, saw a prominent expansion. The growth pace was the most rapid in 2017 with an increase of X%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

Exports by Country

Romania (X tons), the UK (X tons) and Azerbaijan (X tons) were the main destinations of golf equipment exports from Turkey, with a combined X% share of total exports. Italy, the United States, Tanzania, Jamaica, Spain, South Korea, Cyprus, Norway, Montenegro and Greece lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Tanzania (with a CAGR of X.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for golf equipment exported from Turkey were the UK ($X), Romania ($X) and Italy ($X), with a combined X% share of total exports. The United States, Tanzania, Jamaica, South Korea, Spain, Norway, Azerbaijan, Greece, Montenegro and Cyprus lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, Tanzania, with a CAGR of X.3%, recorded 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

The average golf equipment export price stood at $X per ton in 2022, increasing by X% against the previous year. Overall, the export price recorded a strong expansion. The most prominent rate of growth was recorded in 2017 when the average export price increased by X%. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Tanzania ($X per ton), while the average price for exports to Azerbaijan ($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 Tanzania (X%), while the prices for the other major destinations experienced more modest paces of growth.

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Golf Equipment Imports

Imports into Turkey

In 2022, approx. X tons of golf clubs and other golf equipment were imported into Turkey; growing by X% compared with 2021. Over the period under review, imports, however, showed a noticeable shrinkage. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, golf equipment imports surged to $X in 2022. In general, imports saw a moderate expansion. The growth pace was the most rapid in 2021 when imports increased by X%. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of golf equipment to Turkey, with a X% share of total imports. Moreover, golf equipment imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), threefold. South Korea (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and South Korea (X% per year).

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

From 2012 to 2022, the average annual growth rate of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Taiwan (Chinese) (X% per year).

Import Prices by Country

In 2022, the average golf equipment import price amounted to $X per ton, dropping by X% against the previous year. Overall, the import price, however, showed resilient growth. The growth pace was the most rapid in 2021 when the average import price increased by X%. The import price peaked at $X per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

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

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

Source: IndexBox Platform

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