Uruguay: Golf Equipment Market 2024

Golf Equipment Market Size in Uruguay

The Uruguayan golf equipment market declined to $X in 2022, waning 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 saw a deep downturn. Golf equipment consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Golf Equipment Exports

Exports from Uruguay

In 2018, shipments abroad of golf clubs and other golf equipment decreased by X% to X kg, falling for the third consecutive year after two years of growth. Overall, exports enjoyed significant growth. The growth pace was the most rapid in 2015 when exports increased by X% against the previous year. As a result, the exports attained the peak of X kg. From 2016 to 2018, the growth of the exports remained at a lower figure.

In value terms, golf equipment exports stood at $X in 2018. Over the period under review, exports faced a precipitous descent. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2016 to 2018, the growth of the exports failed to regain momentum.

Exports by Country

Ecuador (X kg), Guatemala (X kg) and Chile (X kg) were the main destinations of golf equipment exports from Uruguay.

From 2012 to 2022, the biggest increases were recorded for Ecuador (with a CAGR of X%), while shipments for the other leaders experienced a decline.

In value terms, Ecuador ($X), Guatemala ($X) and Chile ($X) appeared to be the largest markets for golf equipment exported from Uruguay worldwide. Moreover, golf equipment exports in Ecuador exceeded the figures recorded by the second-largest exporter, Guatemala, fivefold.

Ecuador, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average golf equipment export price stood at less than $X per ton in 2022, therefore, remained relatively stable against the previous year. Over the period under review, the export price continues to indicate a dramatic shrinkage. The most prominent rate of growth was recorded in 2016 a decrease of X%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

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 Chile ($X per ton), while the average price for exports to Ecuador ($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 Chile (X%), while the prices for the other major destinations experienced mixed trend patterns.

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Golf Equipment Imports

Imports into Uruguay

In 2022, the amount of golf clubs and other golf equipment imported into Uruguay reduced rapidly to X tons, falling by X% compared with the previous year's figure. Over the period under review, imports showed a abrupt downturn. The pace of growth appeared the most rapid in 2019 with an increase of 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 rose slightly to $X in 2022. In general, imports recorded a deep setback. The most prominent rate of growth was recorded in 2015 when imports increased by X%. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the United States (X tons) 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, China (X tons), twofold.

From 2012 to 2022, 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: China (X% per year) and Taiwan (Chinese) (X% per year).

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

From 2012 to 2022, the average annual growth rate of value from the United States amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (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, with an increase of X% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2016 to 2022, the average import prices remained at a lower figure.

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 the United States ($X per ton), while the price for Taiwan (Chinese) ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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