Austria: Golf Equipment Market 2024

Golf Equipment Market Size in Austria

The Austrian golf equipment market contracted notably to $X in 2022, falling by -22.6% 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). In general, consumption recorded a abrupt downturn. Over the period under review, the market attained the peak level at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Golf Equipment Exports

Exports from Austria

In 2022, exports of golf clubs and other golf equipment from Austria totaled X units, flattening at the previous year. In general, exports, however, continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2021 with an increase of 17%. Over the period under review, the exports attained the maximum at X units in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, golf equipment exports reduced notably to $X in 2022. Overall, exports, however, recorded a deep slump. The growth pace was the most rapid in 2013 with an increase of 34%. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Germany (X units) was the main destination for golf equipment exports from Austria, accounting for a 68% share of total exports. Moreover, golf equipment exports to Germany exceeded the volume sent to the second major destination, the UK (X units), more than tenfold. The Czech Republic (X units) ranked third in terms of total exports with a 4.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany stood at -8.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (-14.3% per year) and the Czech Republic (-1.9% per year).

In value terms, Germany ($X) remains the key foreign market for golf clubs and other golf equipment exports from Austria, comprising 68% of total exports. The second position in the ranking was held by Switzerland ($X), with a 6.2% share of total exports. It was followed by the UK, with a 5.9% share.

From 2012 to 2022, the average annual growth rate of value to Germany totaled -10.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (-1.3% per year) and the UK (-12.2% per year).

Export Prices by Country

The average golf equipment export price stood at $X per unit in 2022, dropping by -21.5% against the previous year. Over the period under review, the export price showed a mild slump. The pace of growth appeared the most rapid in 2013 when the average export price increased by 17% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per unit in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Switzerland ($X per unit), while the average price for exports to Slovenia ($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 Switzerland (+3.8%), while the prices for the other major destinations experienced more modest paces of growth.

Golf Equipment Imports

Imports into Austria

Golf equipment imports into Austria soared to X units in 2022, growing by 28% against the year before. In general, imports, however, recorded a mild descent. The most prominent rate of growth was recorded in 2014 when imports increased by 29%. As a result, imports reached the peak of X units. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, golf equipment imports surged to $X in 2022. Overall, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of 59%. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Germany (X units), the Netherlands (X units) and Taiwan (Chinese) (X units) were the main suppliers of golf equipment imports to Austria, together comprising 67% of total imports. China, the United States, Sweden, the UK, Belgium and South Korea lagged somewhat behind, together comprising a further 29%.

From 2012 to 2022, the biggest increases were recorded for Sweden (with a CAGR of +42.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest golf equipment suppliers to Austria were Germany ($X), the Netherlands ($X) and China ($X), together comprising 78% of total imports.

In terms of the main suppliers, the Netherlands, with a CAGR of +26.1%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average golf equipment import price stood at $X per unit in 2022, with a decrease of -2.9% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the average import price increased by 35% against the previous year. As a result, import price attained the peak level of $X per unit. From 2021 to 2022, the average import prices remained at a somewhat lower figure.

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 Korea ($X per unit), while the price for Taiwan (Chinese) ($X 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 (+39.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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