Golf Balls Price in Uruguay - 2022

Golf Balls Price in Uruguay (CIF) - 2022

The average golf balls import price stood at $17,207 per ton in 2022, picking up by 9.3% against the previous year. Over the period under review, import price indicated measured growth from 2012 to 2022: its price increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, golf balls import price increased by +24.4% against 2020 indices. The growth pace was the most rapid in 2013 an increase of 45%. Over the period under review, average import prices hit record highs at $24,931 per ton in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($17,448 per ton), while the price for China ($14,190 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+16.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Golf Balls Price in Uruguay (FOB) - 2022

The average golf balls export price stood at $3,611 per ton in 2022, with a decrease of -28.3% against the previous year. Over the period under review, the export price recorded a abrupt downturn. The pace of growth was the most pronounced in 2014 an increase of 13% against the previous year. As a result, the export price attained the peak level of $21,182 per ton. From 2015 to 2022, the average export prices failed to regain momentum.

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

From 2012 to 2022, the rate of growth in terms of prices for Ecuador amounted to -17.5% per year.

Golf Balls Imports in Uruguay

In 2022, the amount of golf ballses imported into Uruguay surged to 3.8 tons, with an increase of 81% against the year before. Over the period under review, imports showed strong growth. The pace of growth was the most pronounced in 2021 when imports increased by 460% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, golf balls imports skyrocketed to $65K in 2022. In general, imports showed strong growth. The pace of growth appeared the most rapid in 2021 with an increase of 537% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to see steady growth in the near future.

Import of Golf Balls in Uruguay (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	43.6	4.2	26.8	58.7	10.4%
China	3.0	0.2	0.5	3.8	8.2%
Taiwan (Chinese)	0.8	N/A	2.3	2.8	51.8%
Chile	N/A	0.4	0.8	N/A	100.0%
Others	5.4	0.4	2.8	0.1	-73.5%
Total	52.8	5.2	33.1	65.4	7.4%

Top Suppliers of Golf Balls to Uruguay in 2022:

United States (3362.0 kg)
China (268.0 kg)
Taiwan (Chinese) (165.0 kg)

Golf Balls Exports in Uruguay

In 2022, golf balls exports from Uruguay was estimated at 262 kg, approximately equating the year before. In general, exports saw significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 176% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the immediate term.

In value terms, golf balls exports dropped dramatically to $946 in 2022. Overall, exports posted significant growth. The pace of growth appeared the most rapid in 2021 when exports increased by 122%. As a result, the exports reached the peak of $1.3K, and then contracted notably in the following year.