Brazil: Golf Equipment Market 2024

Golf Equipment Market Size in Brazil

For the third year in a row, the Brazilian golf equipment market recorded growth in sales value, which increased by 29% to $X in 2022. Over the period under review, consumption enjoyed a perceptible expansion. Golf equipment consumption peaked in 2022 and is expected to retain growth in the immediate term.

Golf Equipment Exports

Exports from Brazil

In 2022, shipments abroad of golf clubs and other golf equipment decreased by -11.6% to X units for the first time since 2019, thus ending a two-year rising trend. In general, exports, however, enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2016 with an increase of 810%. The exports peaked at X units in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, golf equipment exports rose rapidly to $X in 2022. Overall, exports, however, enjoyed a prominent expansion. The pace of growth was the most pronounced in 2016 with an increase of 799%. Over the period under review, the exports attained the maximum at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Paraguay (X units) was the main destination for golf equipment exports from Brazil, with a 57% share of total exports. Moreover, golf equipment exports to Paraguay exceeded the volume sent to the second major destination, Marshall Islands (X units), fourfold. The third position in this ranking was held by Panama (X units), with a 3.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Paraguay totaled +71.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Marshall Islands (+213.6% per year) and Panama (+19.7% per year).

In value terms, Paraguay ($X), the United States ($X) and Marshall Islands ($X) appeared to be the largest markets for golf equipment exported from Brazil worldwide, together comprising 76% of total exports.

In terms of the main countries of destination, Marshall Islands, with a CAGR of +135.8%, recorded the highest growth rate of the value of exports, 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, picking up by 19% against the previous year. In general, the export price, however, showed a perceptible shrinkage. The pace of growth was the most pronounced in 2019 an increase of 52% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2020 to 2022, the average 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 the United States ($X per unit), while the average price for exports to Angola ($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 the United States (+75.6%), while the prices for the other major destinations experienced more modest paces of growth.

Golf Equipment Imports

Imports into Brazil

In 2022, approx. X units of golf clubs and other golf equipment were imported into Brazil; surging by 12% against the previous year. Overall, imports posted a moderate expansion. The pace of growth was the most pronounced in 2016 with an increase of 112% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, golf equipment imports skyrocketed to $X in 2022. In general, imports continue to indicate a measured increase. The growth pace was the most rapid in 2016 with an increase of 72% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, China (X units) constituted the largest golf equipment supplier to Brazil, with a 65% share of total imports. Moreover, golf equipment imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), sevenfold. The third position in this ranking was held by South Korea (X units), with a 9.6% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +3.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-6.3% per year) and South Korea (+4.6% per year).

In value terms, the largest golf equipment suppliers to Brazil were China ($X), the United States ($X) and Taiwan (Chinese) ($X), with a combined 79% share of total imports.

Taiwan (Chinese), with a CAGR of +24.1%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers 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, picking up by 22% against the previous year. Overall, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 29%. Over the period under review, average import prices reached the peak figure at $X per unit in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+7.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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