Uruguay: Golf Equipment Market 2022

Golf Equipment Market Size in Uruguay

In 2021, after two years of growth, there was significant decline in the Uruguayan golf equipment market, when its value decreased by -X% to $X. In general, consumption saw a sharp contraction. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Golf Equipment Exports

Exports from Uruguay

In 2021, approx. X kg of golf clubs and other golf equipment were exported from Uruguay; rising by X% on 2020 figures. Over the period under review, exports posted a strong expansion. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at X kg in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, golf equipment exports contracted modestly to $X in 2021. In general, exports continue to indicate a prominent expansion. The growth pace was the most rapid in 2018 with an increase of X%. The exports peaked at $X in 2020, and then reduced slightly in the following year.

Exports by Country

Ecuador (X kg) was the main destination for golf equipment exports from Uruguay, accounting for a X% share of total exports. Moreover, golf equipment exports to Ecuador exceeded the volume sent to the second major destination, Guatemala (X kg), fourfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Ecuador amounted to +X%.

In value terms, Ecuador ($X) remains the key foreign market for golf equipment exports from Uruguay, comprising X% of total exports. The second position in the ranking was occupied by Guatemala ($X), with a X% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Ecuador amounted to +X%.

Export Prices by Country

The average golf equipment export price stood at $X per ton in 2021, declining by -X% against the previous year. In general, the export price saw a abrupt setback. The pace of growth appeared the most rapid in 2020 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Ecuador ($X per ton), while the average price for exports to Guatemala stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Guatemala (-X%).

Golf Equipment Imports

Imports into Uruguay

In 2021, after two years of growth, there was significant decline in purchases abroad of golf clubs and other golf equipment, when their volume decreased by -X% to X kg. Over the period under review, imports faced a drastic downturn. The pace of growth was the most pronounced in 2014 with an increase of X%. As a result, imports reached the peak of X tons. From 2015 to 2021, the growth imports failed to regain momentum.

In value terms, golf equipment imports declined dramatically to $X in 2021. In general, imports saw a abrupt decrease. The pace of growth was the most pronounced in 2019 when imports increased by X% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, the United States (X kg) constituted the largest supplier of golf equipment to Uruguay, 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, the UK (X kg), threefold. The third position in this ranking was occupied by Panama (X kg), with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States amounted to -X%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (-X% per year) and Panama (-X% per year).

In value terms, the United States ($X) constituted the largest supplier of golf equipment to Uruguay, comprising X% of total imports. The second position in the ranking was occupied by the UK ($X), with an X% share of total imports. It was followed by Chile, with an X% share.

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

Import Prices by Country

In 2021, the average golf equipment import price amounted to $X per ton, picking up by X% against the previous year. Over the period under review, import price indicated strong growth from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, golf equipment import price increased by +X% against 2017 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the United States ($X per ton), while the price for Panama ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform