Report Update Nov 1, 2024

Belarus - Golf Clubs and Other Golf Equipment - Market Analysis, Forecast, Size, Trends and Insights

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Belarus: Golf Equipment Market 2024

Golf Equipment Market Size in Belarus

In 2022, the Belarusian golf equipment market was finally on the rise to reach $X after two years of decline. In general, consumption showed a buoyant expansion. Golf equipment consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Golf Equipment Exports

Exports from Belarus

In 2022, shipments abroad of golf clubs and other golf equipment decreased by -18.5% to X units for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, showed a strong expansion. The growth pace was the most rapid in 2016 when exports increased by 230% against the previous year. Over the period under review, the exports reached the peak figure at X units in 2021, and then shrank sharply in the following year.

In value terms, golf equipment exports reduced remarkably to $X in 2022. Overall, exports, however, recorded buoyant growth. The pace of growth appeared the most rapid in 2016 when exports increased by 130%. Over the period under review, the exports reached the peak figure at $X in 2021, and then reduced notably in the following year.

Exports by Country

Russia (X units) was the main destination for golf equipment exports from Belarus, with a 85% share of total exports. Moreover, golf equipment exports to Russia exceeded the volume sent to the second major destination, Poland (X units), sixfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Russia totaled +16.1%.

In value terms, Russia ($X) remains the key foreign market for golf clubs and other golf equipment exports from Belarus, comprising 87% of total exports. The second position in the ranking was held by Poland ($X), with a 12% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Russia amounted to +13.8%.

Export Prices by Country

The average golf equipment export price stood at $X per unit in 2022, growing by 2.4% against the previous year. In general, the export price, however, continues to indicate a perceptible decline. The growth pace was the most rapid in 2019 when the average export price increased by 49%. Over the period under review, the average export prices hit record highs at $X per unit in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($X per unit), while the average price for exports to Poland totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (-2.0%).

Golf Equipment Imports

Imports into Belarus

After two years of decline, supplies from abroad of golf clubs and other golf equipment increased by 21% to X units in 2022. In general, imports enjoyed a resilient increase. The most prominent rate of growth was recorded in 2017 when imports increased by 115% against the previous year. Over the period under review, imports reached the peak figure at X units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, golf equipment imports skyrocketed to $X in 2022. Overall, imports continue to indicate a resilient expansion. The pace of growth was the most pronounced in 2017 with an increase of 244%. Over the period under review, imports hit record highs at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Russia (X units), China (X units) and Pakistan (X units) were the main suppliers of golf equipment imports to Belarus, together accounting for 78% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Pakistan (with a CAGR of +57.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X) constituted the largest supplier of golf clubs and other golf equipment to Belarus, comprising 46% of total imports. The second position in the ranking was held by China ($X), with a 20% share of total imports. It was followed by Lithuania, with an 8.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Russia stood at +41.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+4.5% per year) and Lithuania (+19.0% per year).

Import Prices by Country

In 2022, the average golf equipment import price amounted to $X per unit, rising by 14% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the average import price increased by 60% against the previous year. As a result, import price attained the peak level of $X per unit. From 2018 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Lithuania ($X per unit), while the price for the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lithuania (+4.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for golf clubs and other golf equipment in the world?

The countries with the highest volumes of in 2021 were China, South Africa and India, with a combined 92% share of global consumption.

What are the largest producers of golf clubs and other golf equipment in the world?

The country with the largest volume of golf equipment production was China, comprising approx. 88% of total volume. Moreover, golf equipment production in China exceeded the figures recorded by the second-largest producer, India, more than tenfold.

What are the leading suppliers of golf clubs and other golf equipment to Belarus?

In value terms, China constituted the largest supplier of golf equipment to Belarus, comprising 60% of total imports. The second position in the ranking was occupied by the UK, with a 13% share of total imports. It was followed by Russia, with a 7.8% share.

What are the leading importers of golf clubs and other golf equipment from Belarus?

In value terms, Russia remains the key foreign market for golf equipment exports from Belarus.

What is the average export price for golf clubs and other golf equipment in Belarus?

In 2021, the average golf equipment export price amounted to $8,980 per ton, increasing by 6.5% against the previous year.

What is the average import price for golf clubs and other golf equipment in Belarus?

The average golf equipment import price stood at $11,238 per ton in 2021, reducing by -25.7% against the previous year.

This report provides an in-depth analysis of the golf equipment market in Belarus. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 32301530 - Golf clubs and other golf equipment (including golf balls)

Country coverage:

Belarus

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Belarus
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023