Northern America: Golf Equipment Market 2024

Golf Equipment Market Size in Northern America

In 2022, the North American golf equipment market increased by 16% to $X, rising for the fifth consecutive year after two years of decline. In general, consumption saw a prominent expansion. The level of consumption peaked in 2022 and is expected to retain growth in the near future.

Golf Equipment Production in Northern America

In value terms, golf equipment production reduced sharply to $X in 2022 estimated in export price. Overall, production, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 when the production volume increased by 120,719,970%. Over the period under review, production reached the peak level at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

Golf Equipment Exports

Exports in Northern America

In 2022, overseas shipments of golf clubs and other golf equipment were finally on the rise to reach X units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, recorded a abrupt slump. The most prominent rate of growth was recorded in 2019 when exports increased by 20% against the previous year. Over the period under review, the exports reached the peak figure at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, golf equipment exports surged to $X in 2022. Overall, exports recorded a remarkable increase. The pace of growth was the most pronounced in 2021 with an increase of 37%. Over the period under review, the exports attained the peak figure in 2022 and are likely to see steady growth in the immediate term.

Exports by Country

The United States dominates exports structure, finishing at X units, which was approx. 90% of total exports in 2022. It was distantly followed by Canada (X units), creating a 9.5% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to golf equipment exports from the United States stood at -9.4%. At the same time, Canada (+7.3%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing exporter exported in Northern America, with a CAGR of +7.3% from 2012-2022. While the share of Canada (+7.6 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of the United States (-7.6 p.p.) displayed negative dynamics.

In value terms, the United States ($X) remains the largest golf equipment supplier in Northern America, comprising 96% of total exports. The second position in the ranking was taken by Canada ($X), with a 4.5% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in the United States amounted to +5.1%.

Export Prices by Country

In 2022, the export price in Northern America amounted to $X per unit, jumping by 18% against the previous year. Overall, the export price saw a buoyant expansion. The growth pace was the most rapid in 2020 an increase of 124% against the previous year. The level of export peaked in 2022 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United States ($X per unit), while Canada totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+16.1%).

Golf Equipment Imports

Imports in Northern America

In 2022, golf equipment imports in Northern America expanded rapidly to X units, increasing by 7.2% against 2021 figures. In general, imports saw prominent growth. The pace of growth was the most pronounced in 2021 with an increase of 74% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, golf equipment imports surged to $X in 2022. Overall, imports posted a remarkable increase. The most prominent rate of growth was recorded in 2021 when imports increased by 61% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, the United States (X units) represented the major importer of golf clubs and other golf equipment, comprising 89% of total imports. It was distantly followed by Canada (X units), creating an 11% share of total imports.

The United States was also the fastest-growing in terms of the golf clubs and other golf equipment imports, with a CAGR of +5.8% from 2012 to 2022. Canada experienced a relatively flat trend pattern. While the share of the United States (+5.5 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Canada (-5.5 p.p.) displayed negative dynamics.

In value terms, the United States ($X) constitutes the largest market for imported golf clubs and other golf equipment in Northern America, comprising 87% of total imports. The second position in the ranking was held by Canada ($X), with a 13% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in the United States stood at +5.9%.

Import Prices by Country

The import price in Northern America stood at $X per unit in 2022, increasing by 10% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 12% against the previous year. The level of import peaked at $X per unit in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Canada ($X per unit), while the United States amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+4.1%).

Source: IndexBox Platform

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