Golf Balls Price in Pakistan - 2023
Contents:
- Golf Balls Price in Pakistan (FOB) - 2022
- Golf Balls Price in Pakistan (CIF) - 2022
- Golf Balls Exports in Pakistan
- Golf Balls Imports in Pakistan
Golf Balls Price in Pakistan (FOB) - 2022
The average golf balls export price stood at $16,169 per ton in 2022, rising by 7% against the previous year. Overall, export price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, golf balls export price increased by +31.1% against 2018 indices. The most prominent rate of growth was recorded in 2014 an increase of 93%. Over the period under review, the average export prices hit record highs in 2022 and is likely to see steady growth in the immediate term.
Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Romania ($16,609 per ton) and Canada ($16,588 per ton), while the average price for exports to Ireland ($15,208 per ton) and Germany ($15,376 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 the UK (+4.4%), while the prices for the other major destinations experienced more modest paces of growth.
Golf Balls Price in Pakistan (CIF) - 2022
The average golf balls import price stood at $16,952 per ton in 2022, growing by 9.3% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.8%. The pace of growth was the most pronounced in 2014 an increase of 18% against the previous year. The import price peaked in 2022 and is likely to continue growth in the near future.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($17,182 per ton), while the price for Thailand amounted to $16,544 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+2.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Golf Balls Exports in Pakistan
In 2022, shipments abroad of golf ballses decreased by -8.6% to 13 tons for the first time since 2018, thus ending a three-year rising trend. In general, total exports indicated significant growth from 2019 to 2022: its volume increased at an average annual rate of +22.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 when exports increased by 90% against the previous year.
In value terms, golf balls exports contracted to $213K in 2022. Over the period under review, total exports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +25.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +98.7% against 2019 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 64%.
| Export of Golf Balls in Pakistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 6.5 | 49.1 | 116 | 119 | 163.6% |
| United Kingdom | 37.0 | 28.5 | 26.1 | 31.2 | -5.5% |
| Ireland | 12.2 | 28.5 | 15.4 | 19.0 | 15.9% |
| Germany | 17.8 | 20.8 | 10.9 | 16.8 | -1.9% |
| France | 15.4 | 1.8 | 4.6 | 7.5 | -21.3% |
| Canada | 0.5 | 0.1 | 7.2 | 7.4 | 145.5% |
| Romania | 0.8 | 1.2 | 4.1 | 4.3 | 75.2% |
| Guyana | N/A | 31.0 | N/A | N/A | 0% |
| Others | 17.3 | 15.7 | 34.0 | 8.3 | -21.7% |
| Total | 107 | 177 | 218 | 213 | 25.8% |
Top Export Markets for Golf Balls from Pakistan in 2022:
- United States (7.2 tons)
- United Kingdom (2.0 tons)
- Ireland (1.3 tons)
- Germany (1.1 tons)
- France (0.5 tons)
- Canada (0.4 tons)
- Romania (0.3 tons)
Golf Balls Imports in Pakistan
Golf balls imports into Pakistan reduced rapidly to 1.8 tons in 2022, waning by -48% on the year before. Over the period under review, imports recorded a abrupt slump. The growth pace was the most rapid in 2021 when imports increased by 69% against the previous year. As a result, imports reached the peak of 3.5 tons, and then contracted dramatically in the following year.
In value terms, golf balls imports reduced rapidly to $31K in 2022. In general, imports continue to indicate a pronounced decrease. The pace of growth appeared the most rapid in 2021 when imports increased by 97% against the previous year. As a result, imports reached the peak of $54K, and then declined rapidly in the following year.
| Import of Golf Balls in Pakistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 14.2 | 13.3 | 13.3 | 20.0 | 12.1% |
| Thailand | 7.7 | 13.5 | 1.0 | 10.9 | 12.3% |
| United Kingdom | 0.2 | N/A | 11.4 | N/A | 655.0% |
| Japan | N/A | N/A | 4.0 | N/A | 0% |
| United Arab Emirates | 8.4 | N/A | N/A | N/A | 0% |
| Taiwan (Chinese) | N/A | N/A | 6.4 | N/A | 0% |
| United States | 1.7 | N/A | 13.2 | N/A | 178.7% |
| Others | 0.6 | 0.8 | 5.0 | N/A | 188.7% |
| Total | 32.8 | 27.5 | 54.3 | 30.9 | -2.0% |
Top Suppliers of Golf Balls to Pakistan in 2022:
- China (1164.0 kg)
- Thailand (658.0 kg)
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