Report Update Nov 1, 2024

Malaysia - Golf Clubs and Other Golf Equipment - Market Analysis, Forecast, Size, Trends and Insights

Single report

Sent by email within 24h (Mon-Fri)

$599 Basic Edition

$2095 Professional Edition

What's the difference?

Subscription

Online access and download

from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing

Malaysia: Golf Equipment Market 2024

Golf Equipment Market Size in Malaysia

After two years of growth, the Malaysian golf equipment market decreased by -65.8% to $X in 2022. Over the period under review, consumption saw a abrupt downturn. Golf equipment consumption peaked at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Golf Equipment Exports

Exports from Malaysia

Golf equipment exports from Malaysia dropped remarkably to X units in 2022, declining by -16% against the year before. In general, exports continue to indicate a noticeable reduction. The pace of growth appeared the most rapid in 2014 when exports increased by 72%. As a result, the exports reached the peak of X units. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, golf equipment exports dropped sharply to $X in 2022. Overall, exports showed a pronounced slump. The growth pace was the most rapid in 2021 when exports increased by 215%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Denmark (X units), Singapore (X units) and Indonesia (X units) were the main destinations of golf equipment exports from Malaysia, with a combined 63% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Denmark (with a CAGR of +42.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for golf equipment exported from Malaysia were Singapore ($X), Indonesia ($X) and Vietnam ($X), with a combined 57% share of total exports. The United Arab Emirates, Myanmar, India, South Korea, Japan, Denmark, Brunei Darussalam, Australia, Thailand and Germany lagged somewhat behind, together accounting for a further 29%.

Among the main countries of destination, Denmark, with a CAGR of +27.4%, saw the highest growth rate of 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, falling by -21.6% against the previous year. Over the period under review, the export price continues to indicate a mild curtailment. The most prominent rate of growth was recorded in 2021 when the average export price increased by 115%. The export price peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per unit), while the average price for exports to Germany ($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 Japan (+3.2%), while the prices for the other major destinations experienced more modest paces of growth.

Golf Equipment Imports

Imports into Malaysia

In 2022, the amount of golf clubs and other golf equipment imported into Malaysia shrank to X units, waning by -12.6% on 2021 figures. In general, imports saw a perceptible curtailment. The pace of growth was the most pronounced in 2021 with an increase of 36% against the previous year. Imports peaked at X units in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, golf equipment imports fell dramatically to $X in 2022. Over the period under review, imports continue to indicate a pronounced decrease. The most prominent rate of growth was recorded in 2021 when imports increased by 44% against the previous year. Over the period under review, imports attained the maximum at $X in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China (X units), Japan (X units) and Indonesia (X units) were the main suppliers of golf equipment imports to Malaysia, together comprising 61% of total imports. Taiwan (Chinese), the United States, Thailand, Vietnam, Hong Kong SAR and Singapore lagged somewhat behind, together accounting for a further 32%.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of +10.2%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest golf equipment suppliers to Malaysia were Japan ($X), China ($X) and Hong Kong SAR ($X), with a combined 74% share of total imports. Taiwan (Chinese), the United States, Indonesia, Vietnam, Singapore and Thailand lagged somewhat behind, together comprising a further 22%.

Vietnam, with a CAGR of +16.8%, saw the highest growth rate of the value of imports, in terms of 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, dropping by -3.1% against the previous year. Over the last decade, it increased at an average annual rate of +1.8%. The most prominent rate of growth was recorded in 2015 an increase of 30% against the previous year. As a result, import price attained the peak level of $X per unit. From 2016 to 2022, the average import prices failed to regain momentum.

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 Hong Kong SAR ($X per unit), while the price for Thailand ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+10.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for golf clubs and other golf equipment in the world?

The countries with the highest volumes of in 2021 were China, South Africa and India, together accounting for 92% of global consumption.

What are the largest producers of golf clubs and other golf equipment in the world?

China remains the largest golf equipment producing country worldwide, comprising approx. 88% of total volume. Moreover, golf equipment production in China exceeded the figures recorded by the second-largest producer, India, more than tenfold.

What are the leading suppliers of golf clubs and other golf equipment to Malaysia?

In value terms, Japan constituted the largest supplier of golf equipment to Malaysia, comprising 44% of total imports. The second position in the ranking was occupied by China, with a 22% share of total imports. It was followed by the United States, with a 12% share.

What are the leading importers of golf clubs and other golf equipment from Malaysia?

In value terms, Singapore, Indonesia and Vietnam appeared to be the largest markets for golf equipment exported from Malaysia worldwide, together accounting for 66% of total exports.

What is the average export price for golf clubs and other golf equipment in Malaysia?

In 2021, the average golf equipment export price amounted to $43,623 per ton, surging by 1.9% against the previous year.

What is the average import price for golf clubs and other golf equipment in Malaysia?

The average golf equipment import price stood at $46,822 per ton in 2021, rising by 11% against the previous year.

This report provides an in-depth analysis of the golf equipment market in Malaysia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 32301530 - Golf clubs and other golf equipment (including golf balls)

Country coverage:

Malaysia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Malaysia
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023