Golf Balls Price in New Zealand - 2023

Contents:

1. Golf Balls Price in New Zealand (CIF) - 2022
2. Golf Balls Price in New Zealand (FOB) - 2022
3. Golf Balls Imports in New Zealand
4. Golf Balls Exports in New Zealand

Golf Balls Price in New Zealand (CIF) - 2022

In 2022, the average golf balls import price amounted to $16,550 per ton, with a decrease of -2.2% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 18%. As a result, import price attained the peak level of $16,927 per ton, and then declined modestly in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Indonesia ($16,550 per ton) and Japan ($16,550 per ton), while the price for Australia ($16,545 per ton) and Thailand ($16,550 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+4.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Golf Balls Price in New Zealand (FOB) - 2022

In 2022, the average golf balls export price amounted to $18,054 per ton, surging by 71% against the previous year. Overall, the export price, however, saw a abrupt decrease. Over the period under review, the average export prices attained the peak figure at $41,731 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to New Caledonia ($18,105 per ton) and Fiji ($18,060 per ton), while the average price for exports to Cook Islands ($18,000 per ton) and Australia ($18,052 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Cook Islands (-0.7%), while the prices for the other major destinations experienced a decline.

Golf Balls Imports in New Zealand

Golf balls imports into New Zealand was estimated at 288 tons in 2022, growing by 3.7% compared with the previous year's figure. The total import volume increased at an average annual rate of +10.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 20%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, golf balls imports reached $4.8M in 2022. In general, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +16.8% 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 +59.2% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 41% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to continue growth in the near future.

Top Suppliers of Golf Balls to New Zealand in 2022:

1. United States (76.8 tons)
2. Thailand (66.7 tons)
3. China (62.0 tons)
4. Taiwan (Chinese) (32.3 tons)
5. Indonesia (21.6 tons)
6. South Korea (15.3 tons)
7. Japan (11.0 tons)

Golf Balls Exports in New Zealand

For the fourth year in a row, New Zealand recorded growth in overseas shipments of golf ballses, which increased by 23% to 5.9 tons in 2022. In general, exports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 38%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the near future.

In value terms, golf balls exports surged to $106K in 2022. Overall, exports posted a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Golf Balls from New Zealand in 2022:

1. Australia (4.6 tons)
2. Fiji (0.9 tons)
3. New Caledonia (0.1 tons)
4. Cook Islands (0.1 tons)

Source: IndexBox Market Intelligence Platform