France: Golf Equipment Market 2024

Golf Equipment Market Size in France

The French golf equipment market contracted remarkably to $X in 2022, with a decrease of -21.1% against the previous year. Over the period under review, the total consumption indicated mild growth from 2012 to 2022: its value increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +33.4% against 2020 indices. As a result, consumption attained the peak level of $X, and then shrank rapidly in the following year.

Golf Equipment Production in France

In value terms, golf equipment production reached $X in 2022 estimated in export price. In general, production showed a significant expansion. The most prominent rate of growth was recorded in 2015 when the production volume increased by 145% against the previous year. Over the period under review, production reached the maximum level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Golf Equipment Exports

Exports from France

In 2022, shipments abroad of golf clubs and other golf equipment increased by 28% to X units, rising for the second year in a row after four years of decline. In general, exports enjoyed a buoyant increase. The growth pace was the most rapid in 2021 when exports increased by 378%. The exports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, golf equipment exports expanded rapidly to $X in 2022. Over the period under review, exports showed a remarkable increase. The most prominent rate of growth was recorded in 2021 when exports increased by 707% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the near future.

Exports by Country

Germany (X units), Sweden (X units) and Spain (X units) were the main destinations of golf equipment exports from France, together accounting for 55% of total exports. The Netherlands, the UK, Italy, Denmark, Finland, Ireland, Poland, Belgium, Austria and Switzerland lagged somewhat behind, together comprising a further 35%.

From 2012 to 2022, the biggest increases were recorded for Finland (with a CAGR of +104.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Sweden ($X) and Spain ($X) were the largest markets for golf equipment exported from France worldwide, with a combined 55% share of total exports. The Netherlands, Italy, Denmark, Finland, Belgium, Ireland, the UK, Austria, Poland and Switzerland lagged somewhat behind, together comprising a further 37%.

Among the main countries of destination, Finland, with a CAGR of +129.5%, saw the highest rates of growth with regard to 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

The average golf equipment export price stood at $X per unit in 2022, waning by -15.2% against the previous year. Over the period under review, the export price, however, saw a notable expansion. The most prominent rate of growth was recorded in 2021 when the average export price increased by 69%. As a result, the export price attained the peak level of $X per unit, and then dropped significantly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belgium ($X per unit), while the average price for exports to Poland ($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 Denmark (+12.6%), while the prices for the other major destinations experienced more modest paces of growth.

Golf Equipment Imports

Imports into France

In 2022, purchases abroad of golf clubs and other golf equipment increased by 2.6% to X units, rising for the second year in a row after three years of decline. Over the period under review, total imports indicated a perceptible expansion from 2012 to 2022: its volume increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +103.2% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 98% against the previous year. Imports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, golf equipment imports shrank to $X in 2022. In general, imports showed a resilient increase. The growth pace was the most rapid in 2021 with an increase of 220% against the previous year. As a result, imports reached the peak of $X, and then contracted in the following year.

Imports by Country

In 2022, China (X units) constituted the largest supplier of golf equipment to France, with a 40% share of total imports. Moreover, golf equipment imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X units), twofold. The Netherlands (X units) ranked third in terms of total imports with a 15% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +1.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+8.0% per year) and the Netherlands (+9.7% per year).

In value terms, the UK ($X), China ($X) and the Netherlands ($X) constituted the largest golf equipment suppliers to France, with a combined 76% share of total imports. Germany, Taiwan (Chinese), Belgium, Spain and the United States lagged somewhat behind, together comprising a further 20%.

Spain, with a CAGR of +69.9%, 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, reducing by -7.8% against the previous year. In general, the import price, however, continues to indicate a resilient increase. The pace of growth was the most pronounced in 2021 an increase of 62%. As a result, import price reached the peak level of $X per unit, and then dropped in the following year.

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 the UK ($X per unit), while the price for Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+22.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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