Golf Clubs; Complete Price in the Philippines - 2023
Contents:
- Golf Clubs; Complete Price in the Philippines (CIF) - 2022
- Golf Clubs; Complete Price in the Philippines (FOB) - 2022
- Golf Clubs; Complete Imports in the Philippines
- Golf Clubs; Complete Exports in the Philippines
Golf Clubs; Complete Price in the Philippines (CIF) - 2022
In 2022, the average golf clubs; complete import price amounted to $101 per unit, waning by -14% against the previous year. Over the period under review, the import price, however, continues to indicate significant growth. The growth pace was the most rapid in 2018 an increase of 169% against the previous year. Over the period under review, average import prices attained the maximum at $355 per unit in 2019; however, from 2020 to 2022, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Malaysia ($113 per unit) and the United States ($113 per unit), while the price for Singapore ($113 per unit) and Hong Kong SAR ($113 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+27.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Golf Clubs; Complete Price in the Philippines (FOB) - 2022
In 2022, the average golf clubs; complete export price amounted to $14 per unit, with a decrease of -73.9% against the previous year. In general, the export price saw a abrupt descent. The pace of growth appeared the most rapid in 2020 an increase of 80% against the previous year. As a result, the export price attained the peak level of $73 per unit. From 2021 to 2022, the average export prices failed to regain momentum.
Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Hong Kong SAR ($125 per unit), while the average price for exports to Japan stood at $108 per unit.
From 2016 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Myanmar (+125.0%), while the prices for the other major destinations experienced more modest paces of growth.
Golf Clubs; Complete Imports in the Philippines
For the fourth year in a row, the Philippines recorded growth in supplies from abroad of golf clubs; completes, which increased by 119% to 72K units in 2022. Over the period under review, imports showed a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 278%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the immediate term.
In value terms, golf clubs; complete imports soared to $7.3M in 2022. Overall, imports posted a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 149% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to see gradual growth in years to come.
| Import of Golf Clubs; Complete in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 764 | 559 | 1,921 | 2,964 | 57.1% |
| China | 612 | 344 | 914 | 2,359 | 56.8% |
| Vietnam | 96.1 | 85.7 | 203 | 416 | 63.0% |
| United States | 137 | 47.1 | 321 | 410 | 44.1% |
| Hong Kong SAR | 180 | 134 | 96.0 | 202 | 3.9% |
| Malaysia | 384 | 291 | 341 | 186 | -21.5% |
| Taiwan (Chinese) | 89.6 | 51.3 | 17.4 | 179 | 25.9% |
| Others | 65.9 | 56.0 | 90.1 | 622 | 111.3% |
| Total | 2,330 | 1,569 | 3,903 | 7,336 | 46.6% |
Top Suppliers of Golf Clubs; Complete to the Philippines in 2022:
- Japan (26.3K units)
- China (20.9K units)
- Vietnam (3.7K units)
- United States (3.6K units)
- Hong Kong SAR (1.8K units)
- Taiwan (Chinese) (1.6K units)
- Malaysia (1.6K units)
Golf Clubs; Complete Exports in the Philippines
In 2022, approx. 43 units of golf clubs; completes were exported from the Philippines; with an increase of 139% compared with 2021 figures. In general, exports, however, continue to indicate a drastic downturn. The growth pace was the most rapid in 2021 when exports increased by 350%. The exports peaked at 56 units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, golf clubs; complete exports shrank sharply to $608 in 2022. Over the period under review, exports, however, saw a dramatic descent. The most prominent rate of growth was recorded in 2021 when exports increased by 237% against the previous year. The exports peaked at $2.3K in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
| Export of Golf Clubs; Complete in the Philippines (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hong Kong SAR | N/A | N/A | N/A | 500 | 0% |
| Japan | N/A | N/A | 50.0 | 108 | 116.0% |
| China | 36.0 | N/A | N/A | N/A | 0% |
| Vietnam | 90.0 | 200 | N/A | N/A | 122.2% |
| United States | 178 | 90.0 | 284 | N/A | 26.3% |
| Guam | 1,585 | N/A | N/A | N/A | 0% |
| United Arab Emirates | N/A | N/A | 643 | N/A | 0% |
| Myanmar | 225 | N/A | N/A | N/A | 0% |
| Mauritius | 147 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 2,261 | 290 | 977 | 608 | -35.5% |
Top Export Markets for Golf Clubs; Complete from the Philippines in 2022:
- Hong Kong SAR (4.0 units)
- Japan (1.0 units)
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