Golf Clubs; Complete Price in Nigeria - 2022

Contents:

  1. Golf Clubs; Complete Price in Nigeria (CIF) - 2022
  2. Golf Clubs; Complete Imports in Nigeria

Golf Clubs; Complete Price in Nigeria (CIF) - 2022

The average golf clubs; complete import price stood at $117 per unit in 2022, increasing by 7.4% against the previous year. Over the period under review, import price indicated moderate growth 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 clubs; complete import price increased by +44.1% against 2016 indices. The pace of growth appeared the most rapid in 2020 when the average import price increased by 18% against the previous year. The import price peaked in 2022 and is likely to continue growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($941 per unit), while the price for Switzerland ($8.4 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+29.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Golf Clubs; Complete Imports in Nigeria

For the fourth year in a row, Nigeria recorded growth in supplies from abroad of golf clubs; completes, which increased by 60% to 473 units in 2022. Overall, imports recorded significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, golf clubs; complete imports skyrocketed to $55K in 2022. Over the period under review, imports continue to indicate a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Golf Clubs; Complete in Nigeria (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United Kingdom0.33.52.011.0232.2%
South Korea3.04.84.68.541.5%
United States3.15.48.96.226.0%
India1.12.12.56.076.0%
South Africa0.82.42.44.983.0%
Japan1.11.92.14.661.1%
Canada0.20.60.94.4180.2%
China0.61.23.84.291.3%
France0.20.61.42.9143.8%
Switzerland0.30.50.50.944.2%
Belgium0.30.40.30.2-12.6%
Others7.52.92.91.4-42.8%
Total18.526.232.155.244.0%

Top Suppliers of Golf Clubs; Complete to Nigeria in 2022:

  1. United Kingdom (180.0 units)
  2. South Africa (115.0 units)
  3. China (112.0 units)
  4. Switzerland (111.0 units)
  5. United States (39.0 units)
  6. France (39.0 units)
  7. Japan (29.0 units)
  8. Canada (28.0 units)
  9. India (19.0 units)
  10. Belgium (9.0 units)
  11. South Korea (9.0 units)
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