Golf Balls Price in Morocco - 2022

Golf Balls Price in Morocco (CIF) - 2022

In 2022, the average golf balls import price amounted to $17,297 per ton, picking up by 64% against the previous year. Overall, import price indicated a slight increase from 2012 to 2022: its price increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 Thailand ($57,895 per ton), while the price for China ($12,257 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+6.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Golf Balls Price in Morocco (FOB) - 2022

The average golf balls export price stood at $1,846 per ton in 2022, falling by -16.1% against the previous year. In general, the export price showed a sharp reduction. The most prominent rate of growth was recorded in 2018 an increase of 379%. Over the period under review, the average export prices reached the peak figure at $37,033 per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Senegal ($11,264 per ton), while the average price for exports to France totaled $1,286 per ton.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Senegal (-12.1%).

Golf Balls Imports in Morocco

In 2022, imports of golf ballses into Morocco contracted rapidly to 13 tons, reducing by -15.1% against the previous year. Over the period under review, imports showed a dramatic downturn. The growth pace was the most rapid in 2021 when imports increased by 103% against the previous year.

In value terms, golf balls imports skyrocketed to $228K in 2022. Overall, imports showed a abrupt contraction. The growth pace was the most rapid in 2021 with an increase of 43%.

Import of Golf Balls in Morocco (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	177	28.8	77.0	64.7	-28.5%
Indonesia	89.1	42.5	35.7	50.1	-17.5%
Thailand	27.8	16.0	12.8	49.1	20.9%
Taiwan (Chinese)	20.2	18.5	18.7	27.0	10.2%
Japan	18.1	1.0	0.6	13.8	-8.6%
South Korea	32.7	4.9	6.9	13.7	-25.2%
United States	23.5	2.4	3.0	8.1	-29.9%
Italy	4.1	N/A	N/A	N/A	0%
Others	14.6	0.1	8.6	1.7	-51.2%
Total	407	114	163	228	-17.6%

Top Suppliers of Golf Balls to Morocco in 2022:

China (5.3 tons)
Indonesia (3.3 tons)
Taiwan (Chinese) (1.7 tons)
Japan (1.0 tons)
Thailand (0.8 tons)
South Korea (0.6 tons)
United States (0.2 tons)

Golf Balls Exports in Morocco

In 2022, golf balls exports from Morocco surged to 7.9 tons, rising by 39,245% compared with 2021. Over the period under review, exports showed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, golf balls exports skyrocketed to $15K 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.