Ethiopia: Golf Equipment Market 2025

Golf Equipment Market Size in Ethiopia

The Ethiopian golf equipment market fell to $X in 2022, with a decrease of -5.7% 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, however, posted a significant increase. Golf equipment consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Golf Equipment Exports

Exports from Ethiopia

Golf equipment exports from Ethiopia soared to X units in 2022, picking up by 53% on 2021. Overall, exports enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2020 with an increase of 540%. As a result, the exports attained the peak of X units. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, golf equipment exports expanded sharply to $X in 2022. Over the period under review, exports, however, showed a noticeable slump. The pace of growth appeared the most rapid in 2014 with an increase of 77%. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Tanzania (X units) was the main destination for golf equipment exports from Ethiopia, with a 58% share of total exports. Moreover, golf equipment exports to Tanzania exceeded the volume sent to the second major destination, Kenya (X units), twofold. South Korea (X units) ranked third in terms of total exports with a 9% share.

From 2012 to 2022, the average annual growth rate of volume to Tanzania amounted to +68.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kenya (+77.0% per year) and South Korea (+17.2% per year).

In value terms, Kenya ($X) emerged as the key foreign market for golf clubs and other golf equipment exports from Ethiopia, comprising 67% of total exports. The second position in the ranking was held by Ghana ($X), with a 14% share of total exports. It was followed by South Korea, with a 14% share.

From 2012 to 2022, the average annual growth rate of value to Kenya stood at +90.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ghana (+80.3% per year) and South Korea (+8.6% per year).

Export Prices by Country

In 2022, the average golf equipment export price amounted to $X per unit, waning by -30.9% against the previous year. Over the period under review, the export price saw a deep reduction. The most prominent rate of growth was recorded in 2021 an increase of 340% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Kenya ($X per unit), while the average price for exports to Tanzania ($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 Ghana (+13.2%), while the prices for the other major destinations experienced more modest paces of growth.

Golf Equipment Imports

Imports into Ethiopia

In 2022, imports of golf clubs and other golf equipment into Ethiopia dropped slightly to X units, reducing by -4.4% compared with 2021. Over the period under review, imports, however, showed a significant expansion. The pace of growth appeared the most rapid in 2016 with an increase of 156%. Imports peaked at X units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, golf equipment imports declined to $X in 2022. Overall, imports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2019 when imports increased by 188% against the previous year. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, China (X units) was the main supplier of golf equipment to Ethiopia, accounting for a approx. 98% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from China totaled +23.8%.

In value terms, China ($X) constituted the largest supplier of golf clubs and other golf equipment to Ethiopia.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +26.4%.

Import Prices by Country

The average golf equipment import price stood at $X per unit in 2022, remaining constant against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of 23%. As a result, import price attained the peak level of $X per unit. From 2020 to 2022, the average import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to +2.1% per year.

Source: IndexBox Platform