Report Update Nov 1, 2024

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

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Myanmar: Golf Equipment Market 2024

Golf Equipment Market Size in Myanmar

For the fourth consecutive year, the Myanmar's golf equipment market recorded growth in sales value, which increased by 6.2% to $X in 2022. In general, consumption recorded a deep contraction. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Golf Equipment Production in Myanmar

In value terms, golf equipment production amounted to $X in 2022 estimated in export price. In general, production recorded a deep contraction. The pace of growth appeared the most rapid in 2017 with an increase of 27%. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Golf Equipment Exports

Exports from Myanmar

In 2022, shipments abroad of golf clubs and other golf equipment decreased by -59.1% to X units for the first time since 2019, thus ending a two-year rising trend. In general, exports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2018 with an increase of 799%. The exports peaked at X units in 2021, and then dropped markedly in the following year.

In value terms, golf equipment exports fell modestly to $X in 2022. Over the period under review, exports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2018 when exports increased by 1,091% against the previous year. The exports peaked at $X in 2021, and then fell modestly in the following year.

Exports by Country

China (X units), Vietnam (X units) and the Czech Republic (X units) were the main destinations of golf equipment exports from Myanmar, together comprising 83% of total exports.

From 2015 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of +2,707.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for golf equipment exported from Myanmar were Vietnam ($X), China ($X) and the Czech Republic ($X), with a combined 85% share of total exports.

Vietnam, with a CAGR of +7,235.8%, saw the highest rates of growth with regard to the value of exports, in terms of 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

The average golf equipment export price stood at $X per unit in 2022, with an increase of 141% against the previous year. Overall, the export price continues to indicate a prominent expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per unit), while the average price for exports to the United States ($X per unit) was amongst the lowest.

From 2015 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+161.3%), while the prices for the other major destinations experienced more modest paces of growth.

Golf Equipment Imports

Imports into Myanmar

Golf equipment imports into Myanmar contracted markedly to X units in 2022, which is down by -20.8% against 2021. Over the period under review, imports recorded a abrupt decrease. The pace of growth appeared the most rapid in 2013 with an increase of 111%. As a result, imports attained the peak of X units. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, golf equipment imports rose significantly to $X in 2022. Overall, imports, however, posted a slight expansion. The growth pace was the most rapid in 2013 with an increase of 194%. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports remained at a lower figure.

Imports by Country

China (X units), Japan (X units) and Taiwan (Chinese) (X units) were the main suppliers of golf equipment imports to Myanmar, with a combined 68% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Taiwan (Chinese) (with a CAGR of +18.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest golf equipment suppliers to Myanmar were China ($X), Japan ($X) and Vietnam ($X), with a combined 85% share of total imports. Taiwan (Chinese), the United States, Indonesia, South Korea, Thailand, Malaysia and Singapore lagged somewhat behind, together accounting for a further 15%.

In terms of the main suppliers, Taiwan (Chinese), with a CAGR of +49.2%, saw the highest growth rate of 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

The average golf equipment import price stood at $X per unit in 2022, with an increase of 42% against the previous year. Overall, the import price posted a strong expansion. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+25.6%), 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, with a combined 92% share 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, accounting for 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 Myanmar?

In value terms, the largest golf equipment suppliers to Myanmar were Malaysia, Japan and China, with a combined 76% share of total imports. These countries were followed by Vietnam, Singapore, Thailand and Indonesia, which together accounted for a further 15%.

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

In value terms, Thailand emerged as the key foreign market for golf equipment exports from Myanmar, comprising 46% of total exports. The second position in the ranking was occupied by China, with a 15% share of total exports. It was followed by Italy, with a 12% share.

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

In 2021, the average golf equipment export price amounted to $16,768 per ton, waning by -1.6% against the previous year.

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

In 2021, the average golf equipment import price amounted to $55,039 per ton, picking up by 16% against the previous year.

This report provides an in-depth analysis of the golf equipment market in Myanmar. 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:

Myanmar

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Myanmar
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