Report Update Nov 1, 2024

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

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Cuba: Golf Equipment Market 2024

Golf Equipment Market Size in Cuba

In 2021, the Cuban golf equipment market decreased by -6.9% to $X, falling for the second consecutive year after six years of growth. In general, consumption, however, recorded prominent growth. Golf equipment consumption peaked at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Golf Equipment Exports

Exports from Cuba

In 2021, shipments abroad of golf clubs and other golf equipment decreased by -69.9% to X kg, falling for the second consecutive year after two years of growth. In general, exports showed a abrupt downturn. The growth pace was the most rapid in 2018 when exports increased by 1,300% against the previous year. The exports peaked at X kg in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, golf equipment exports declined notably to $X in 2021. Over the period under review, exports recorded a abrupt setback. The most prominent rate of growth was recorded in 2018 with an increase of 2,075%. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

Guatemala (X kg) was the main destination for golf equipment exports from Cuba, accounting for a 82% share of total exports. Moreover, golf equipment exports to Guatemala exceeded the volume sent to the second major destination, Costa Rica (X kg), fivefold.

From 2012 to 2021, the average annual growth rate of volume to Guatemala was relatively modest.

In value terms, Guatemala ($X) emerged as the key foreign market for golf clubs and other golf equipment exports from Cuba, comprising 70% of total exports. The second position in the ranking was held by Costa Rica ($X), with a 30% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Guatemala was relatively modest.

Export Prices by Country

The average golf equipment export price stood at $X per ton in 2021, dropping by -62.2% against the previous year. Overall, the export price saw a deep contraction. The pace of growth appeared the most rapid in 2016 when the average export price increased by 1,271% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2017 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Costa Rica ($X per ton), while the average price for exports to Guatemala stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Costa Rica (-3.0%).

Golf Equipment Imports

Imports into Cuba

In 2021, imports of golf clubs and other golf equipment into Cuba reduced to X tons, waning by -7.6% against 2020 figures. In general, imports, however, enjoyed a notable expansion. The most prominent rate of growth was recorded in 2016 when imports increased by 93%. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, golf equipment imports reduced to $X in 2021. Over the period under review, imports, however, saw prominent growth. The most prominent rate of growth was recorded in 2016 with an increase of 162% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Canada (X tons) was the main supplier of golf equipment to Cuba, accounting for a 95% share of total imports. It was followed by Panama (X kg), with a 1.9% share of total imports. The third position in this ranking was taken by Spain (X kg), with a 1.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Canada totaled +6.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Panama (+24.0% per year) and Spain (-11.0% per year).

In value terms, Canada ($X) constituted the largest supplier of golf clubs and other golf equipment to Cuba, comprising 98% of total imports. The second position in the ranking was held by Spain ($X), with a 1% share of total imports. It was followed by Panama, with a 0.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Canada stood at +7.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (-9.2% per year) and Panama (+21.9% per year).

Import Prices by Country

The average golf equipment import price stood at $X per ton in 2021, approximately mirroring the previous year. Overall, the import price, however, saw a tangible increase. The pace of growth was the most pronounced in 2018 an increase of 161%. As a result, import price attained the peak level of $X per ton. From 2019 to 2021, the average import prices remained at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Canada ($X per ton), while the price for Angola ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Angola (+17.9%), while the prices for the other major suppliers experienced more modest paces of growth.

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, together comprising 92% 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, accounting for 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 Cuba?

In value terms, Canada constituted the largest supplier of golf equipment to Cuba, comprising 90% of total imports. The second position in the ranking was occupied by Peru, with a 9.5% share of total imports.

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

In value terms, Guatemala emerged as the key foreign market for golf equipment exports from Cuba, comprising 70% of total exports. The second position in the ranking was occupied by Costa Rica $534), with a 30% share of total exports.

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

The average golf equipment export price stood at $57,323 per ton in 2021, reducing by -20.4% against the previous year.

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

In 2021, the average golf equipment import price amounted to $45,425 per ton, with an increase of 4.5% against the previous year.

This report provides an in-depth analysis of the golf equipment market in Cuba. 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:

Cuba

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Cuba
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