Golf Balls Price in China - 2023
Contents:
- Golf Balls Price in China (FOB) - 2023
- Golf Balls Price in China (CIF) - 2023
- Golf Balls Exports in China
- Golf Balls Imports in China
Golf Balls Price in China (FOB) - 2023
In June 2023, the average golf balls export price amounted to $411 per thousand units, with an increase of 2% against the previous month. In general, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in December 2022 when the average export price increased by 30% m-o-m. As a result, the export price reached the peak level of $0.5 per unit. From January 2023 to June 2023, the the average export prices remained at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Australia ($950 per thousand units), while the average price for exports to the Netherlands ($290 per thousand units) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+3.4%), while the prices for the other major destinations experienced mixed trend patterns.
Golf Balls Price in China (CIF) - 2023
The average golf balls import price stood at $1.8 per unit in June 2023, increasing by 28% against the previous month. In general, import price indicated a resilient increase from June 2022 to June 2023: its price increased at an average monthly rate of +5.1% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on June 2023 figures, golf balls import price increased by +65.2% against March 2023 indices. The growth pace was the most rapid in September 2022 when the average import price increased by 73% against the previous month. As a result, import price attained the peak level of $1.9 per unit. From October 2022 to June 2023, the average import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Thailand ($2.5 per unit), while the price for Japan ($365 per thousand units) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by South Korea (+5.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Golf Balls Exports in China
In 2022, golf balls exports from China surged to 282M units, picking up by 19% against the previous year. Over the period under review, total exports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +12.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +55.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 30%. Over the period under review, the exports reached the peak figure in 2022 and are likely to see gradual growth in the immediate term.
In value terms, golf balls exports surged to $114M in 2022. In general, exports continue to indicate a significant expansion. The growth pace was the most rapid in 2021 with an increase of 39% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.
| Export of Golf Balls in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 35.1 | 26.1 | 38.8 | 43.3 | 7.2% |
| South Korea | 15.2 | 16.6 | 22.2 | 32.4 | 28.7% |
| United Kingdom | 2.6 | 3.4 | 5.4 | 7.8 | 44.2% |
| Canada | 2.1 | 5.4 | 4.1 | 5.4 | 37.0% |
| Netherlands | 0.3 | 0.5 | 1.6 | 3.4 | 124.6% |
| Japan | 0.7 | 0.8 | 2.8 | 3.0 | 62.4% |
| Australia | 0.5 | 0.5 | 1.1 | 2.8 | 77.6% |
| Others | 5.8 | 7.5 | 8.6 | 16.2 | 40.8% |
| Total | 62.4 | 60.9 | 84.7 | 114 | 22.2% |
Top Export Markets for Golf Balls from China in 2022:
- United States (5.4M units)
- South Korea (3.2M units)
- United Kingdom (1.1M units)
- Canada (0.5M units)
- Netherlands (0.3M units)
- Australia (0.2M units)
- Japan (0.2M units)
Golf Balls Imports in China
In 2022, approx. 15M units of golf ballses were imported into China; which is down by -18.6% against the previous year. The total import volume increased at an average annual rate of +3.9% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 42%. As a result, imports attained the peak of 18M units, and then fell significantly in the following year.
In value terms, golf balls imports dropped to $22M in 2022. Overall, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +13.0% 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 +50.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 63% against the previous year. As a result, imports attained the peak of $24M, and then dropped in the following year.
| Import of Golf Balls in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 10.4 | 8.8 | 15.0 | 14.4 | 11.5% |
| United States | 1.7 | 1.5 | 1.7 | 2.1 | 7.3% |
| South Korea | 0.6 | 0.5 | 0.7 | 1.0 | 18.6% |
| Japan | 0.4 | 0.5 | 0.6 | 0.5 | 7.7% |
| Indonesia | 0.1 | 0.1 | 0.2 | 0.3 | 44.2% |
| France | N/A | 0.1 | 0.1 | 0.1 | 0.0% |
| Taiwan (Chinese) | 2.2 | N/A | N/A | N/A | 0% |
| Others | N/A | 3.2 | 5.5 | 3.7 | 7.5% |
| Total | 15.3 | 14.7 | 23.8 | 22.1 | 13.0% |
Top Suppliers of Golf Balls to China in 2022:
- Indonesia (undefinedM units)
- France (undefinedM units)
- Japan (undefinedM units)
- South Korea (undefinedM units)
- Thailand (0.3M units)
- United States (0.1M units)
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