Argentina: Golf Equipment Market 2024

Golf Equipment Market Size in Argentina

The Argentinian golf equipment market was estimated at $X in 2022, surging by 2.8% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption enjoyed strong growth. Over the period under review, the market attained the maximum level in 2022 and is expected to retain growth in the near future.

Golf Equipment Exports

Exports from Argentina

In 2022, the amount of golf clubs and other golf equipment exported from Argentina fell rapidly to X units, reducing by -20.6% against 2021. In general, exports, however, posted a buoyant increase. The most prominent rate of growth was recorded in 2019 with an increase of 245% against the previous year. As a result, the exports reached the peak of X units. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, golf equipment exports plummeted to $X in 2022. Overall, exports, however, saw a remarkable increase. The growth pace was the most rapid in 2019 with an increase of 256% against the previous year. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Paraguay (X units), Spain (X units) and Germany (X units) were the main destinations of golf equipment exports from Argentina, with a combined 52% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of +41.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Paraguay ($X) emerged as the key foreign market for golf clubs and other golf equipment exports from Argentina, comprising 40% of total exports. The second position in the ranking was held by Germany ($X), with a 13% share of total exports. It was followed by Spain, with a 9.4% share.

From 2012 to 2022, the average annual growth rate of value to Paraguay totaled +45.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+46.1% per year) and Spain (+8.4% per year).

Export Prices by Country

In 2022, the average golf equipment export price amounted to $X per unit, waning by -5.9% against the previous year. Overall, the export price continues to indicate a noticeable reduction. The most prominent rate of growth was recorded in 2015 when the average export price increased by 61% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Paraguay ($X per unit), while the average price for exports to Spain ($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 Hong Kong SAR (+44.6%), while the prices for the other major destinations experienced more modest paces of growth.

Golf Equipment Imports

Imports into Argentina

Golf equipment imports into Argentina stood at X units in 2022, surging by 4.3% on the previous year. Over the period under review, imports recorded a resilient increase. The most prominent rate of growth was recorded in 2021 when imports increased by 270% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the immediate term.

In value terms, golf equipment imports expanded to $X in 2022. Overall, imports recorded buoyant growth. The most prominent rate of growth was recorded in 2021 with an increase of 229% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to see steady growth in the near future.

Imports by Country

In 2022, China (X units) constituted the largest golf equipment supplier to Argentina, accounting for a 56% share of total imports. Moreover, golf equipment imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), fourfold. Taiwan (Chinese) (X units) ranked third in terms of total imports with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +10.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-2.3% per year) and Taiwan (Chinese) (+6.4% per year).

In value terms, China ($X) constituted the largest supplier of golf clubs and other golf equipment to Argentina, comprising 57% of total imports. The second position in the ranking was held by the United States ($X), with a 27% share of total imports. It was followed by Indonesia, with a 6.6% share.

From 2012 to 2022, the average annual growth rate of value from China stood at +12.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+2.1% per year) and Indonesia (+43.4% per year).

Import Prices by Country

The average golf equipment import price stood at $X per unit in 2022, waning by -2.2% against the previous year. Over the last decade, it increased at an average annual rate of +1.8%. The most prominent rate of growth was recorded in 2020 when the average import price increased by 38% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2017; however, from 2018 to 2022, 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 the United States ($X per unit), while the price for Vietnam ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+18.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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