Kazakhstan: Golf Equipment Market 2024

Golf Equipment Market Size in Kazakhstan

The Kazakh golf equipment market surged to $X in 2022, jumping by 24% against the previous year. Over the period under review, the total consumption indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +8.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the maximum level in 2022 and is likely to see gradual growth in the near future.

Golf Equipment Production in Kazakhstan

In value terms, golf equipment production rose to $X in 2022 estimated in export price. Overall, production enjoyed buoyant growth. The most prominent rate of growth was recorded in 2013 with an increase of 25% against the previous year. Golf equipment production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Golf Equipment Exports

Exports from Kazakhstan

In 2022, shipments abroad of golf clubs and other golf equipment increased by 242% to X units, rising for the second consecutive year after four years of decline. In general, exports, however, faced a abrupt downturn. Over the period under review, the exports reached the maximum at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, golf equipment exports surged to $X in 2022. Over the period under review, exports, however, showed a precipitous shrinkage. The pace of growth appeared the most rapid in 2016 with an increase of 205% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Spain (X units), Bahrain (X units) and South Korea (X units) were the main destinations of golf equipment exports from Kazakhstan, with a combined 54% share of total exports. The Czech Republic, Australia, Japan, the United States, Uzbekistan, Romania, Ireland, the UK and France lagged somewhat behind, together comprising a further 44%.

From 2012 to 2022, the biggest increases were recorded for the Czech Republic (with a CAGR of +22.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for golf equipment exported from Kazakhstan were Uzbekistan ($X), the Czech Republic ($X) and South Korea ($X), with a combined 57% share of total exports.

In terms of the main countries of destination, the Czech Republic, with a CAGR of +18.6%, 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

In 2022, the average golf equipment export price amounted to $X per unit, reducing by -59.5% against the previous year. Overall, the export price faced a abrupt setback. The most prominent rate of growth was recorded in 2020 when the average export price increased by 106%. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Uzbekistan ($X per unit), while the average price for exports to Ireland ($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 UK (+26.7%), while the prices for the other major destinations experienced more modest paces of growth.

Golf Equipment Imports

Imports into Kazakhstan

Golf equipment imports into Kazakhstan surged to X units in 2022, jumping by 138% against 2021. Overall, imports enjoyed resilient growth. The most prominent rate of growth was recorded in 2017 when imports increased by 201%. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, golf equipment imports soared to $X in 2022. In general, imports enjoyed a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X units), Japan (X units) and the UK (X units) were the main suppliers of golf equipment imports to Kazakhstan, with a combined 92% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Japan (with a CAGR of +78.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of golf clubs and other golf equipment to Kazakhstan, comprising 87% of total imports. The second position in the ranking was taken by the UK ($X), with a 4.9% share of total imports. It was followed by Japan, with a 4.3% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to +79.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+7.5% per year) and Japan (+59.3% per year).

Import Prices by Country

The average golf equipment import price stood at $X per unit in 2022, with an increase of 113% against the previous year. Over the period under review, the import price saw strong growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 China ($X per unit), while the price for South Korea ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+28.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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