Golf Clubs; Complete Price in Nigeria - 2022
Contents:
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) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United Kingdom | 0.3 | 3.5 | 2.0 | 11.0 | 232.2% |
South Korea | 3.0 | 4.8 | 4.6 | 8.5 | 41.5% |
United States | 3.1 | 5.4 | 8.9 | 6.2 | 26.0% |
India | 1.1 | 2.1 | 2.5 | 6.0 | 76.0% |
South Africa | 0.8 | 2.4 | 2.4 | 4.9 | 83.0% |
Japan | 1.1 | 1.9 | 2.1 | 4.6 | 61.1% |
Canada | 0.2 | 0.6 | 0.9 | 4.4 | 180.2% |
China | 0.6 | 1.2 | 3.8 | 4.2 | 91.3% |
France | 0.2 | 0.6 | 1.4 | 2.9 | 143.8% |
Switzerland | 0.3 | 0.5 | 0.5 | 0.9 | 44.2% |
Belgium | 0.3 | 0.4 | 0.3 | 0.2 | -12.6% |
Others | 7.5 | 2.9 | 2.9 | 1.4 | -42.8% |
Total | 18.5 | 26.2 | 32.1 | 55.2 | 44.0% |
Top Suppliers of Golf Clubs; Complete to Nigeria in 2022:
- United Kingdom (180.0 units)
- South Africa (115.0 units)
- China (112.0 units)
- Switzerland (111.0 units)
- United States (39.0 units)
- France (39.0 units)
- Japan (29.0 units)
- Canada (28.0 units)
- India (19.0 units)
- Belgium (9.0 units)
- South Korea (9.0 units)
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