Netherlands: Golf Equipment Market 2024

Golf Equipment Market Size in the Netherlands

In 2022, the Dutch golf equipment market decreased by -43.3% to $X for the first time since 2019, thus ending a two-year rising trend. Overall, consumption, however, enjoyed resilient growth. As a result, consumption reached the peak level of $X, and then fell sharply in the following year.

Golf Equipment Exports

Exports from the Netherlands

In 2022, shipments abroad of golf clubs and other golf equipment decreased by -60.9% to X units for the first time since 2019, thus ending a two-year rising trend. Overall, exports, however, continue to indicate resilient growth. The pace of growth appeared the most rapid in 2020 when exports increased by 78%. Over the period under review, the exports hit record highs at X units in 2021, and then fell significantly in the following year.

In value terms, golf equipment exports shrank rapidly to $X in 2022. Over the period under review, exports, however, posted a prominent expansion. The pace of growth appeared the most rapid in 2021 with an increase of 131%. As a result, the exports attained the peak of $X, and then declined notably in the following year.

Exports by Country

The UK (X units), Germany (X units) and France (X units) were the main destinations of golf equipment exports from the Netherlands, with a combined 49% share of total exports. Spain, Sweden, Switzerland, Belgium, Denmark, Norway, Ireland, Portugal, Italy and Poland lagged somewhat behind, together accounting for a further 44%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Switzerland (with a CAGR of +23.7%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for golf equipment exported from the Netherlands were France ($X), Germany ($X) and the UK ($X), with a combined 47% share of total exports. Spain, Switzerland, Sweden, Belgium, Norway, Ireland, Denmark, Italy, Poland and Portugal lagged somewhat behind, together comprising a further 44%.

Poland, with a CAGR of +27.2%, saw the highest growth rate of 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

In 2022, the average golf equipment export price amounted to $X per unit, surging by 3.1% against the previous year. In general, the export price, however, showed a noticeable curtailment. The pace of growth appeared the most rapid in 2021 an increase of 31%. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

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 Norway ($X per unit), while the average price for exports to the UK ($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 Poland (+7.0%), while the prices for the other major destinations experienced more modest paces of growth.

Golf Equipment Imports

Imports into the Netherlands

Golf equipment imports into the Netherlands declined sharply to X units in 2022, with a decrease of -30.8% against the year before. Over the period under review, imports, however, saw prominent growth. The growth pace was the most rapid in 2021 when imports increased by 164% against the previous year. As a result, imports reached the peak of X units, and then contracted sharply in the following year.

In value terms, golf equipment imports reduced to $X in 2022. Overall, imports, however, saw strong growth. The most prominent rate of growth was recorded in 2021 when imports increased by 199%. As a result, imports attained the peak of $X, and then contracted in the following year.

Imports by Country

In 2022, the UK (X units) constituted the largest golf equipment supplier to the Netherlands, with a 31% share of total imports. Moreover, golf equipment imports from the UK exceeded the figures recorded by the second-largest supplier, China (X units), twofold. The third position in this ranking was held by Indonesia (X units), with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the UK stood at +10.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+8.6% per year) and Indonesia (+45.6% per year).

In value terms, the UK ($X) constituted the largest supplier of golf clubs and other golf equipment to the Netherlands, comprising 48% of total imports. The second position in the ranking was held by Germany ($X), with a 12% share of total imports. It was followed by the United States, with an 8.7% share.

From 2012 to 2022, the average annual growth rate of value from the UK amounted to +16.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+42.8% per year) and the United States (+8.7% per year).

Import Prices by Country

The average golf equipment import price stood at $X per unit in 2022, surging by 28% against the previous year. In general, import price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of +3.0% 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 +165.4% against 2017 indices. The pace of growth appeared the most rapid in 2018 when the average import price increased by 51%. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+6.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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