Golf Clubs; Complete Price in Singapore - 2022
Contents:
- Golf Clubs; Complete Price in Singapore (CIF) - 2022
- Golf Clubs; Complete Price in Singapore (FOB) - 2022
- Golf Clubs; Complete Imports in Singapore
- Golf Clubs; Complete Exports in Singapore
Golf Clubs; Complete Price in Singapore (CIF) - 2022
In September 2022, the average golf clubs; complete import price amounted to $124 per unit, shrinking by -13.3% against the previous month. Over the period under review, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in June 2022 an increase of 354% month-to-month. As a result, import price attained the peak level of $451 per unit. From July 2022 to September 2022, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In September 2022, the country with the highest price was Hong Kong SAR ($431 per unit), while the price for Indonesia ($19.9 per unit) was amongst the lowest.
From September 2021 to September 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+11.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Golf Clubs; Complete Price in Singapore (FOB) - 2022
The average golf clubs; complete export price stood at $194 per unit in 2022, rising by 76% against the previous year. Over the period under review, the export price continues to indicate a buoyant increase. As a result, the export price attained the peak level and is likely to continue 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 India ($133 per unit) and the Philippines ($133 per unit), while the average price for exports to Japan ($132 per unit) and Malaysia ($132 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines (+2.9%), while the prices for the other major destinations experienced more modest paces of growth.
Golf Clubs; Complete Imports in Singapore
In 2022, approx. 215K units of golf clubs; completes were imported into Singapore; growing by 11% against 2021 figures. In general, total imports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +8.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +52.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 38% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.
In value terms, golf clubs; complete imports surged to $31M in 2022. Overall, imports recorded significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 52% against the previous year. Imports peaked in 2022 and are likely to continue growth in the immediate term.
| Import of Golf Clubs; Complete in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 5.3 | 3.5 | 8.2 | 13.0 | 34.9% |
| Japan | 4.5 | 6.0 | 6.3 | 8.7 | 24.6% |
| United States | 2.5 | 2.7 | 3.6 | 3.4 | 10.8% |
| Vietnam | 0.6 | 0.6 | 1.2 | 3.3 | 76.5% |
| Taiwan (Chinese) | 0.3 | 0.3 | 0.5 | 1.2 | 58.7% |
| Hong Kong SAR | 0.9 | 0.4 | 1.5 | 1.1 | 6.9% |
| Others | 0.6 | 0.7 | 0.4 | 0.6 | 0.0% |
| Total | 14.5 | 14.2 | 21.7 | 31.4 | 29.4% |
Top Suppliers of Golf Clubs; Complete to Singapore in 2022:
- China (115.1K units)
- Japan (77.0K units)
- United States (30.0K units)
- Vietnam (29.3K units)
- Taiwan (Chinese) (11.0K units)
- Hong Kong SAR (10.1K units)
Golf Clubs; Complete Exports in Singapore
In 2022, the amount of golf clubs; completes exported from Singapore shrank markedly to 83K units, which is down by -32.6% compared with the previous year's figure. In general, exports showed a pronounced descent. The pace of growth was the most pronounced in 2021 when exports increased by 54% against the previous year. As a result, the exports reached the peak of 123K units, and then dropped remarkably in the following year.
In value terms, golf clubs; complete exports surged to $16M in 2022. Over the period under review, exports, however, showed a prominent expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 67%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.
| Export of Golf Clubs; Complete in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 2.8 | 3.0 | 7.0 | 7.5 | 38.9% |
| Malaysia | 4.0 | 3.1 | 3.9 | 2.2 | -18.1% |
| Vietnam | 0.3 | 0.2 | 0.4 | 2.1 | 91.3% |
| Thailand | 0.4 | 0.4 | 0.4 | 1.8 | 65.1% |
| Philippines | 0.3 | 0.2 | 0.4 | 0.6 | 26.0% |
| Japan | 0.6 | 0.7 | 0.2 | 0.6 | 0.0% |
| India | 0.4 | 0.1 | 0.3 | 0.4 | 0.0% |
| Others | 0.6 | 0.3 | 1.1 | 1.0 | 18.6% |
| Total | 9.4 | 8.1 | 13.6 | 16.1 | 19.6% |
Top Export Markets for Golf Clubs; Complete from Singapore in 2022:
- Indonesia (56.7K units)
- Malaysia (16.8K units)
- Vietnam (15.5K units)
- Thailand (13.6K units)
- Philippines (4.4K units)
- Japan (4.2K units)
- India (3.0K units)
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