Estonia: Golf Equipment Market 2024

Golf Equipment Market Size in Estonia

The Estonian golf equipment market shrank remarkably to $X in 2022, declining 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, however, enjoyed a measured increase. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Golf Equipment Exports

Exports from Estonia

In 2022, approx. X tons of golf clubs and other golf equipment were exported from Estonia; dropping by X% compared with the previous year's figure. Overall, exports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2019 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2020 to 2022, the growth of the exports remained at a lower figure.

In value terms, golf equipment exports fell dramatically to $X in 2022. In general, exports, however, posted a buoyant expansion. The most prominent rate of growth was recorded in 2019 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Turkey (X kg), Russia (X kg) and Iceland (X kg) were the main destinations of golf equipment exports from Estonia, with a combined X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Iceland (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Russia ($X) remains the key foreign market for golf clubs and other golf equipment exports from Estonia, comprising X% of total exports. The second position in the ranking was held by Turkey ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Russia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (X% per year) and Iceland (X% per year).

Export Prices by Country

In 2022, the average golf equipment export price amounted to $X per ton, with a decrease of X% against the previous year. In general, the export price saw a abrupt downturn. The pace of growth appeared the most rapid in 2019 an increase of X%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to Iceland ($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 Lithuania (X%), while the prices for the other major destinations experienced mixed trend patterns.

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Golf Equipment Imports

Imports into Estonia

Golf equipment imports into Estonia declined sharply to X tons in 2022, dropping by X% against 2021 figures. Overall, imports, however, continue to indicate resilient growth. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, golf equipment imports declined notably to $X in 2022. Over the period under review, imports recorded a mild downturn. The pace of growth was the most pronounced in 2013 with an increase of X%. Imports peaked at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

The UK (X tons), China (X tons) and the United States (X kg) were the main suppliers of golf equipment imports to Estonia, with a combined X% share of total imports. Poland, Finland and the Netherlands lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest golf equipment suppliers to Estonia were China ($X), the UK ($X) and the United States ($X), together comprising X% of total imports. Poland, Finland and the Netherlands lagged somewhat behind, together comprising a further X%.

Poland, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average golf equipment import price stood at $X per ton in 2022, surging by X% against the previous year. Overall, the import price, however, continues to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2018 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat 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 Netherlands ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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