United Kingdom: Golf Equipment Market 2024

Golf Equipment Market Size in the UK

The UK golf equipment market rose notably to $X in 2022, with an increase of X% against the previous year. Overall, the total consumption indicated moderate 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, consumption increased by X% against 2020 indices. Over the period under review, the market reached the peak level in 2022 and is likely to continue growth in the near future.

Golf Equipment Production in the UK

In value terms, golf equipment production reduced modestly to $X in 2022 estimated in export price. Over the period under review, production saw a slight setback. The pace of growth appeared the most rapid in 2014 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

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Golf Equipment Exports

Exports from the UK

In 2022, shipments abroad of golf clubs and other golf equipment decreased by X% to X tons, falling for the fourth year in a row after two years of growth. Overall, exports faced a abrupt shrinkage. The most prominent rate of growth was recorded in 2014 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, golf equipment exports shrank notably to $X in 2022. Over the period under review, exports recorded a noticeable slump. The pace of growth was the most pronounced in 2018 when exports increased by X%. Over the period under review, the exports reached the peak figure at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

France (X tons), the Netherlands (X tons) and Germany (X tons) were the main destinations of golf equipment exports from the UK, with a combined X% share of total exports. The United States, Ireland, Sweden, South Africa, Norway, Switzerland, the United Arab Emirates, Spain, Denmark and Italy lagged somewhat behind, together comprising a further X%.

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

In value terms, the Netherlands ($X), France ($X) and Ireland ($X) appeared to be the largest markets for golf equipment exported from the UK worldwide, with a combined X% share of total exports. Germany, the United States, South Africa, Norway, Switzerland, Sweden, the United Arab Emirates, Spain, Denmark and Italy lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, the United Arab Emirates, 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

The average golf equipment export price stood at $X per ton in 2022, dropping by X% against the previous year. Overall, the export price, however, showed a strong increase. The growth pace was the most rapid in 2021 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton, and then fell dramatically in the following year.

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

Golf Equipment Imports

Imports into the UK

In 2022, imports of golf clubs and other golf equipment into the UK soared to X tons, picking up by X% compared with the previous year. Over the period under review, imports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of X%. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, golf equipment imports stood at $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

The United States (X tons), Thailand (X tons) and China (X tons) were the main suppliers of golf equipment imports to the UK, with a combined X% share of total imports. Taiwan (Chinese), Indonesia and Vietnam lagged somewhat behind, together comprising a further X%.

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

In value terms, China ($X) constituted the largest supplier of golf clubs and other golf equipment to the UK, comprising X% of total imports. The second position in the ranking was held by the United States ($X), with a X% share of total imports. It was followed by Taiwan (Chinese), with a 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, shrinking by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The growth pace was the most rapid in 2021 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton, and then reduced modestly in the following year.

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 Vietnam ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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