Germany: Golf Equipment Market 2024

Golf Equipment Market Size in Germany

In 2022, after two years of growth, there was significant decline in the German golf equipment market, when its value decreased by -18.3% to $X. In general, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Golf Equipment Exports

Exports from Germany

In 2022, approx. X units of golf clubs and other golf equipment were exported from Germany; picking up by 12% compared with 2021. Overall, exports posted a buoyant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 222%. The exports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, golf equipment exports amounted to $X in 2022. Over the period under review, exports recorded a resilient increase. The growth pace was the most rapid in 2021 with an increase of 450%. The exports peaked in 2022 and are likely to see gradual growth in years to come.

Exports by Country

France (X units), Sweden (X units) and Austria (X units) were the main destinations of golf equipment exports from Germany, with a combined 46% share of total exports. The Netherlands, the United States, Spain, Italy, Ireland, Belgium, Denmark, Finland, the Czech Republic and Switzerland lagged somewhat behind, together comprising a further 45%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Ireland (with a CAGR of +75.7%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for golf equipment exported from Germany were France ($X), Sweden ($X) and the Netherlands ($X), with a combined 45% share of total exports. Austria, Ireland, Spain, Italy, Belgium, Denmark, the United States, Finland, the Czech Republic and Switzerland lagged somewhat behind, together comprising a further 46%.

Ireland, with a CAGR of +88.1%, recorded the highest growth rate of the value of exports, among the main countries of destination 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, falling by -7.4% against the previous year. In general, export price indicated a resilient expansion from 2012 to 2022: its price increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, golf equipment export price increased by +58.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of 71%. As a result, the export price reached the peak level of $X per unit, and then shrank in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ireland ($X per unit), while the average price for exports to the United States ($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 (+13.4%), while the prices for the other major destinations experienced more modest paces of growth.

Golf Equipment Imports

Imports into Germany

In 2022, approx. X units of golf clubs and other golf equipment were imported into Germany; which is down by -6.9% on 2021 figures. Overall, imports, however, posted buoyant growth. The pace of growth was the most pronounced in 2021 with an increase of 51% against the previous year. As a result, imports attained the peak of X units, and then fell in the following year.

In value terms, golf equipment imports reduced to $X in 2022. In general, imports, however, recorded resilient growth. The most prominent rate of growth was recorded in 2021 with an increase of 160%. As a result, imports attained the peak of $X, and then reduced modestly in the following year.

Imports by Country

Taiwan (Chinese) (X units), China (X units) and the United States (X units) were the main suppliers of golf equipment imports to Germany, with a combined 80% share of total imports. Vietnam, the Netherlands, Sweden and the UK lagged somewhat behind, together accounting for a further 17%.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of +40.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Taiwan (Chinese) ($X) and Vietnam ($X) were the largest golf equipment suppliers to Germany, with a combined 82% share of total imports.

Among the main suppliers, Vietnam, with a CAGR of +56.5%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average golf equipment import price amounted to $X per unit, increasing by 5.1% against the previous year. Overall, import price indicated a buoyant expansion from 2012 to 2022: its price increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, golf equipment import price increased by +90.8% against 2019 indices. The most prominent rate of growth was recorded in 2021 an increase of 73% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in years to come.

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 Vietnam ($X per unit), while the price for the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+11.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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