EU: Golf Equipment Market 2024

Golf Equipment Market Size in the EU

The EU golf equipment market soared to $X in 2022, growing by X% against the previous year. In general, consumption saw a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Golf Equipment Production in the EU

In value terms, golf equipment production rose slightly to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a mild descent. The growth pace was the most rapid in 2013 when the production volume increased by X%. The level of production peaked at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

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Golf Equipment Exports

Exports in the EU

In 2022, approx. X tons of golf clubs and other golf equipment were exported in the European Union; increasing by X% compared with the year before. Over the period under review, exports showed a strong expansion. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the immediate term.

In value terms, golf equipment exports declined modestly to $X in 2022. Overall, exports continue to indicate a resilient expansion. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X, and then reduced modestly in the following year.

Exports by Country

The Netherlands represented the largest exporting country with an export of around X tons, which reached X% of total exports. Germany (X tons) ranks second in terms of the total exports with a X% share, followed by France (X%) and Spain (X%). Sweden (X tons), Belgium (X tons) and Denmark (X tons) held a minor share of total exports.

From 2012 to 2022, average annual rates of growth with regard to golf equipment exports from the Netherlands stood at X%. At the same time, Denmark (X%), France (X%), Sweden (X%), Spain (X%), Germany (X%) and Belgium (X%) displayed positive paces of growth. Moreover, Denmark emerged as the fastest-growing exporter exported in the European Union, with a CAGR of X% from 2012-2022. France (X p.p.), Spain (X p.p.), Germany (X p.p.), Denmark (X p.p.) and Sweden (X p.p.) significantly strengthened its position in terms of the total exports, while Belgium and the Netherlands saw its share reduced by X% and X% from 2012 to 2022, respectively.

In value terms, the largest golf equipment supplying countries in the European Union were the Netherlands ($X), Germany ($X) and France ($X), with a combined X% share of total exports. Sweden, Belgium, Spain and Denmark lagged somewhat behind, together comprising a further X%.

In terms of the main exporting countries, Denmark, with a CAGR of X%, saw the highest growth rate of 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 export price in the European Union stood at $X per ton in 2022, waning 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 appeared the most rapid in 2021 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

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 Germany ($X per ton), while Spain ($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 other leaders experienced mixed trends in the export price figures.

Golf Equipment Imports

Imports in the EU

Golf equipment imports surged to X tons in 2022, jumping by X% compared with the year before. Over the period under review, imports recorded a prominent expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, golf equipment imports declined to $X in 2022. Overall, imports recorded a resilient increase. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of $X, leveling off in the following year.

Imports by Country

The purchases of the three major importers of golf clubs and other golf equipment, namely the Netherlands, Spain and Germany, represented more than two-thirds of total import. It was distantly followed by France (X tons) and Sweden (X tons), together creating a X% share of total imports. Denmark (X tons) and Finland (X tons) followed a long way behind the leaders.

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

In value terms, the Netherlands ($X), Germany ($X) and France ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined X% share of total imports.

The Netherlands, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in the European Union amounted to $X per ton, which is down by X% against the previous year. In general, the import price recorded a perceptible setback. The most prominent rate of growth was recorded in 2021 when the import price increased by X%. As a result, import price attained the peak level of $X per ton, and then contracted remarkably in the following year.

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

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

Source: IndexBox Platform

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