Kuwait: Golf Equipment Market 2025

Golf Equipment Market Size in Kuwait

The Kuwaiti golf equipment market surged to $X in 2022, increasing by 148% 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). Over the period under review, consumption recorded buoyant growth. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market remained at a lower figure.

Golf Equipment Exports

Exports from Kuwait

In 2022, exports of golf clubs and other golf equipment from Kuwait declined markedly to X units, dropping by -34% on the year before. Over the period under review, exports, however, continue to indicate a strong expansion. The pace of growth appeared the most rapid in 2015 when exports increased by 1,974%. As a result, the exports attained the peak of X units. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, golf equipment exports shrank dramatically to $X in 2022. In general, exports, however, saw strong growth. The pace of growth appeared the most rapid in 2015 when exports increased by 1,402% against the previous year. As a result, the exports attained the peak of $X. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

South Korea (X units), Thailand (X units) and Bahrain (X units) were the main destinations of golf equipment exports from Kuwait, together accounting for 91% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by South Korea (with a CAGR of +52.5%), while the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X), Bahrain ($X) and the United Arab Emirates ($X) were the largest markets for golf equipment exported from Kuwait worldwide, together comprising 77% of total exports.

South Korea, with a CAGR of +38.2%, saw 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, with a decrease of -3.9% against the previous year. Over the period under review, the export price saw a perceptible shrinkage. The most prominent rate of growth was recorded in 2014 when the average export price increased by 82%. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per unit), while the average price for exports to Thailand ($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 United Arab Emirates (+6.3%), while the prices for the other major destinations experienced mixed trend patterns.

Golf Equipment Imports

Imports into Kuwait

Golf equipment imports into Kuwait surged to X units in 2022, increasing by 187% on 2021 figures. Overall, imports recorded prominent growth. The pace of growth appeared the most rapid in 2017 when imports increased by 323%. As a result, imports reached the peak of X units. From 2018 to 2022, the growth of imports failed to regain momentum.

In value terms, golf equipment imports soared to $X in 2022. Over the period under review, imports recorded strong growth. The growth pace was the most rapid in 2017 when imports increased by 328% against the previous year. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

China (X units), Canada (X units) and the United States (X units) were the main suppliers of golf equipment imports to Kuwait, together accounting for 75% of total imports.

From 2012 to 2022, the biggest increases were recorded for Canada (with a CAGR of +58.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest golf equipment suppliers to Kuwait were China ($X), the United States ($X) and Taiwan (Chinese) ($X), together comprising 56% of total imports.

Among the main suppliers, the United States, with a CAGR of +24.1%, 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, falling by -43.4% against the previous year. Overall, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 71%. As a result, import price reached the peak level of $X per unit, and then contracted dramatically in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Turkey ($X per unit), while the price for Canada ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pakistan (+5.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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