Golf Balls Price in Canada - 2023
Contents:
- Golf Balls Price in Canada (CIF) - 2022
- Golf Balls Price in Canada (FOB) - 2023
- Golf Balls Imports in Canada
- Golf Balls Exports in Canada
Golf Balls Price in Canada (CIF) - 2022
The average golf balls import price stood at $1.7 per unit in 2022, dropping by -7.6% against the previous year. Over the period under review, the import price, however, posted a prominent increase. The growth pace was the most rapid in 2019 when the average import price increased by 73% against the previous year. As a result, import price reached the peak level of $2 per unit. From 2020 to 2022, the average import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Thailand ($17 per unit) and the United States ($17 per unit), while the price for China ($17 per unit) and Indonesia ($17 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+2.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Golf Balls Price in Canada (FOB) - 2023
The average golf balls export price stood at $613 per thousand units in June 2023, dropping by -9.3% against the previous month. Overall, the export price showed a mild descent. The most prominent rate of growth was recorded in December 2022 when the average export price increased by 46% m-o-m. Over the period under review, the average export prices hit record highs at $1.2 per unit in August 2022; however, from September 2022 to June 2023, the export prices failed to regain momentum.
Average prices varied noticeably for the major foreign markets. In June 2023, the country with the highest price was the UK ($690 per thousand units), while the average price for exports to the United States amounted to $584 per thousand units.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to the UK (-1.3%).
Golf Balls Imports in Canada
In 2022, imports of golf ballses into Canada surged to 38M units, increasing by 21% against 2021. In general, total imports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +12.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +68.6% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 39%. Imports peaked in 2022 and are likely to continue growth in the immediate term.
In value terms, golf balls imports expanded remarkably to $65M in 2022. Overall, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +7.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +59.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 42%. Over the period under review, imports reached the maximum in 2022 and are likely to see gradual growth in the immediate term.
| Import of Golf Balls in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 36.5 | 21.1 | 29.2 | 36.8 | 0.3% |
| China | 6.5 | 6.1 | 5.9 | 10.2 | 16.2% |
| Taiwan (Chinese) | 3.9 | 3.4 | 5.9 | 8.4 | 29.1% |
| Thailand | 1.5 | 6.7 | 12.2 | 5.7 | 56.0% |
| Indonesia | 1.3 | 1.1 | 1.2 | 2.1 | 17.3% |
| South Korea | 1.4 | 2.2 | 1.9 | 0.2 | -47.7% |
| Others | 0.8 | 0.4 | 1.8 | 1.8 | 31.0% |
| Total | 51.9 | 41.0 | 58.2 | 65.2 | 7.9% |
Top Suppliers of Golf Balls to Canada in 2022:
- South Korea (undefinedM units)
- United States (2.2M units)
- China (0.6M units)
- Taiwan (Chinese) (0.5M units)
- Thailand (0.3M units)
- Indonesia (0.1M units)
Golf Balls Exports in Canada
In 2022, approx. 3.9M units of golf ballses were exported from Canada; increasing by 180% on the year before. In general, exports saw a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, golf balls exports soared to $3.1M in 2022. Overall, exports continue to indicate significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Golf Balls in Canada (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1,174 | 350 | 604 | 2,025 | 19.9% |
| United Kingdom | 28.4 | 86.2 | 216 | 785 | 202.4% |
| Austria | N/A | N/A | N/A | 135 | 0% |
| France | 8.1 | N/A | N/A | 52.6 | 86.6% |
| Others | 63.5 | 24.3 | 71.2 | 96.9 | 15.1% |
| Total | 1,274 | 461 | 892 | 3,095 | 34.4% |
Top Export Markets for Golf Balls from Canada in 2022:
- United States (112.2K units)
- United Kingdom (43.5K units)
- Austria (7.5K units)
- France (2.9K units)
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