Angola: Golf Equipment Market 2024

Golf Equipment Market Size in Angola

In 2022, the Angolan golf equipment market increased by 277% to $X for the first time since 2019, thus ending a two-year declining trend. In general, consumption, however, saw a precipitous slump. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Golf Equipment Exports

Exports from Angola

In 2022, shipments abroad of golf clubs and other golf equipment was finally on the rise to reach X units after two years of decline. Overall, exports posted a buoyant increase. The pace of growth was the most pronounced in 2014 with an increase of 606% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, golf equipment exports fell slightly to $X in 2022. Over the period under review, exports enjoyed buoyant growth. The most prominent rate of growth was recorded in 2014 when exports increased by 1,490% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

South Africa (X units), the United States (X units) and Democratic Republic of the Congo (X units) were the main destinations of golf equipment exports from Angola, with a combined 79% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Democratic Republic of the Congo (with a CAGR of +91.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, South Africa ($X), the United States ($X) and South Korea ($X) appeared to be the largest markets for golf equipment exported from Angola worldwide, with a combined 69% share of total exports.

The United States, with a CAGR of +50.3%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average golf equipment export price amounted to $X per unit, with a decrease of -14.7% against the previous year. In general, the export price recorded a abrupt decline. The pace of growth was the most pronounced in 2014 when the average export price increased by 125% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per unit), while the average price for exports to Democratic Republic of the Congo ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Namibia (+68.0%), while the prices for the other major destinations experienced more modest paces of growth.

Golf Equipment Imports

Imports into Angola

In 2022, purchases abroad of golf clubs and other golf equipment was finally on the rise to reach X units for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, saw a significant decrease. Over the period under review, imports attained the maximum at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, golf equipment imports surged to $X in 2022. Overall, imports, however, showed a dramatic decrease. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of golf equipment to Angola, accounting for a 67% share of total imports. Moreover, golf equipment imports from China exceeded the figures recorded by the second-largest supplier, Portugal (X units), fourfold. The United States (X units) ranked third in terms of total imports with a 2.3% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled -30.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Portugal (-22.0% per year) and the United States (-26.2% per year).

In value terms, China ($X) constituted the largest supplier of golf clubs and other golf equipment to Angola, comprising 45% of total imports. The second position in the ranking was held by South Africa ($X), with a 19% share of total imports. It was followed by Portugal, with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to -21.5%. The remaining supplying countries recorded the following average annual rates of imports growth: South Africa (-0.2% per year) and Portugal (-29.2% per year).

Import Prices by Country

The average golf equipment import price stood at $X per unit in 2022, reducing by -32.9% against the previous year. Over the period under review, the import price, however, posted a strong expansion. The growth pace was the most rapid in 2018 an increase of 234%. As a result, import price attained the peak level of $X per unit. From 2019 to 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was South Africa ($X per unit), while the price for Vietnam ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Namibia (+23.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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