Golf Balls Price in Ecuador - 2022

Golf Balls Price in Ecuador (CIF) - 2022

The average golf balls import price stood at $1.5 per unit in 2022, jumping by 88% against the previous year. In general, the import price recorded a measured expansion. The import price peaked at $3.2 per unit in 2014; however, from 2015 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 United States ($48 per unit), while the price for Taiwan (Chinese) ($5.6 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Panama (+5.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Golf Balls Price in Ecuador (FOB) - 2022

In 2022, the average golf balls export price amounted to $1.3 per unit, falling by -6.8% against the previous year. In general, the export price recorded a abrupt downturn. The pace of growth was the most pronounced in 2017 an increase of 47% against the previous year. The export price peaked at $6.6 per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Guatemala.

From 2012 to 2022, the rate of growth in terms of prices for Guatemala amounted to +6.9% per year.

Golf Balls Imports in Ecuador

In 2022, approx. 14K units of golf ballses were imported into Ecuador; rising by 41% compared with 2021 figures. Overall, imports, however, recorded a precipitous slump. Imports peaked at 56K units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, golf balls imports surged to $22K in 2022. Over the period under review, imports, however, showed a sharp decline. Imports peaked at $49K in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Import of Golf Balls in Ecuador (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	10.4	2.2	3.5	3.7	-29.1%
Panama	21.1	2.3	1.9	1.6	-57.7%
United States	12.4	0.9	2.2	1.3	-52.8%
Taiwan (Chinese)	1.0	0.1	0.1	0.1	-53.6%
Others	4.0	1.0	0.5	14.8	54.7%
Total	48.9	6.5	8.1	21.5	-24.0%

Top Suppliers of Golf Balls to Ecuador in 2022:

United States (undefinedK units)
Taiwan (Chinese) (undefinedK units)
China (0.4K units)
Panama (0.1K units)

Golf Balls Exports in Ecuador

In 2022, overseas shipments of golf ballses decreased by -99.8% to 10 units for the first time since 2018, thus ending a three-year rising trend. In general, exports continue to indicate a sharp shrinkage. The pace of growth was the most pronounced in 2020 when exports increased by 4.5% against the previous year. Over the period under review, the exports attained the peak figure at 5.1K units in 2021, and then contracted sharply in the following year.

In value terms, golf balls exports contracted significantly to $13 in 2022. Overall, exports faced a significant decrease. The smallest decline of -49.9% was in 2020. The exports peaked at $28K in 2019; however, from 2020 to 2022, the exports remained at a lower figure.