Western Africa: Golf Equipment Market 2024

Golf Equipment Market Size in Western Africa

The West African golf equipment market contracted slightly to $X in 2022, which is down by X% against the previous year. In general, consumption saw a abrupt downturn. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. The level of consumption peaked at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Golf Equipment Production in Western Africa

In value terms, golf equipment production shrank slightly to $X in 2022 estimated in export price. Overall, production continues to indicate a abrupt downturn. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Golf Equipment Exports

Exports in Western Africa

In 2022, approx. X kg of golf clubs and other golf equipment were exported in Western Africa; therefore, remained relatively stable against 2021. Over the period under review, exports showed a noticeable downturn. The growth pace was the most rapid in 2016 with an increase of X%. As a result, the exports reached the peak of X tons. From 2017 to 2022, the growth of the exports remained at a lower figure.

In value terms, golf equipment exports dropped significantly to $X in 2022. Overall, exports recorded a pronounced descent. The pace of growth was the most pronounced in 2013 when exports increased by X%. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Ghana was the key exporter of golf clubs and other golf equipment in Western Africa, with the volume of exports accounting for X kg, which was approx. X% of total exports in 2022. Cote d'Ivoire (X kg) held an X% share (based on physical terms) of total exports, which put it in second place, followed by Sierra Leone (X%), Guinea (X%), Gambia (X%) and Senegal (X%). Liberia (X kg) took a minor share of total exports.

From 2012 to 2022, average annual rates of growth with regard to golf equipment exports from Ghana stood at X%. At the same time, Guinea (X%) and Senegal (X%) displayed positive paces of growth. Moreover, Guinea emerged as the fastest-growing exporter exported in Western Africa, with a CAGR of X% from 2012-2022. Sierra Leone experienced a relatively flat trend pattern. By contrast, Gambia (X%), Cote d'Ivoire (X%) and Liberia (X%) illustrated a downward trend over the same period. While the share of Guinea (X p.p.), Sierra Leone (X p.p.), Senegal (X p.p.) and Cote d'Ivoire (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Ghana (X p.p.) and Liberia (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest golf equipment supplying countries in Western Africa were Ghana ($X), Senegal ($X) and Gambia ($X), together accounting for X% of total exports.

Senegal, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Western Africa stood at $X per ton in 2022, which is down by X% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the export price increased by X% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Senegal ($X per ton), while Sierra Leone ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Senegal (X%), while the other leaders experienced mixed trends in the export price figures.

Golf Equipment Imports

Imports in Western Africa

In 2022, imports of golf clubs and other golf equipment in Western Africa soared to X tons, picking up by X% compared with 2021. In general, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. From 2014 to 2022, the growth of imports remained at a lower figure.

In value terms, golf equipment imports surged to $X in 2022. Over the period under review, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2013 when imports increased by X%. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Nigeria (X tons) was the key importer of golf clubs and other golf equipment, mixing up X% of total imports. Gambia (X tons) ranks second in terms of the total imports with a X% share, followed by Senegal (X%) and Mali (X%). The following importers - Ghana (X tons), Guinea-Bissau (X tons) and Benin (X tons) - together made up X% of total imports.

Imports into Nigeria increased at an average annual rate of X% from 2012 to 2022. At the same time, Benin (X%), Guinea-Bissau (X%), Mali (X%), Gambia (X%) and Senegal (X%) displayed positive paces of growth. Moreover, Benin emerged as the fastest-growing importer imported in Western Africa, with a CAGR of X% from 2012-2022. By contrast, Ghana (X%) illustrated a downward trend over the same period. While the share of Gambia (X p.p.), Nigeria (X p.p.), Senegal (X p.p.), Mali (X p.p.), Guinea-Bissau (X p.p.) and Benin (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Ghana (X p.p.) displayed negative dynamics.

In value terms, Nigeria ($X) constitutes the largest market for imported golf clubs and other golf equipment in Western Africa, comprising X% of total imports. The second position in the ranking was held by Benin ($X), with a X% share of total imports. It was followed by Ghana, with a X% share.

In Nigeria, golf equipment imports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Benin (X% per year) and Ghana (X% per year).

Import Prices by Country

The import price in Western Africa stood at $X per ton in 2022, surging by X% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of X% against the previous year. The level of import peaked at $X per ton in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Benin ($X per ton), while Gambia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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