Poland: Golf Equipment Market 2024

Golf Equipment Market Size in Poland

The Polish golf equipment market dropped sharply to $X in 2022, with a decrease of -98.5% 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). In general, consumption showed a sharp decline. As a result, consumption attained the peak level of $X, and then shrank dramatically in the following year.

Golf Equipment Exports

Exports from Poland

In 2022, after three years of growth, there was significant decline in shipments abroad of golf clubs and other golf equipment, when their volume decreased by -31.8% to X units. In general, exports, however, recorded significant growth. The pace of growth was the most pronounced in 2019 with an increase of 136%. Over the period under review, the exports hit record highs at X units in 2021, and then contracted rapidly 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 significant expansion. The pace of growth appeared the most rapid in 2019 with an increase of 289% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2021, and then dropped rapidly in the following year.

Exports by Country

Germany (X units), the Czech Republic (X units) and the UK (X units) were the main destinations of golf equipment exports from Poland, with a combined 46% share of total exports. France, Slovakia, Switzerland, South Africa, South Korea, Norway, Austria, Japan, Taiwan (Chinese) and Thailand lagged somewhat behind, together accounting for a further 38%.

From 2012 to 2022, the biggest increases were recorded for Thailand (with a CAGR of +509.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the Czech Republic ($X) and Slovakia ($X) constituted the largest markets for golf equipment exported from Poland worldwide, with a combined 55% share of total exports. The UK, France, South Korea, Taiwan (Chinese), Thailand, Japan, Austria, Switzerland, South Africa and Norway lagged somewhat behind, together accounting for a further 28%.

Thailand, with a CAGR of +468.7%, recorded the highest rates of growth with regard to 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, surging by 11% against the previous year. Overall, the export price posted resilient growth. The pace of growth was the most pronounced in 2015 an increase of 123% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2016 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Slovakia ($X per unit), while the average price for exports to South Africa ($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 Slovakia (+27.3%), while the prices for the other major destinations experienced more modest paces of growth.

Golf Equipment Imports

Imports into Poland

Golf equipment imports into Poland rose notably to X units in 2022, picking up by 5.7% against the previous year. In general, imports continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2013 with an increase of 209%. As a result, imports attained the peak of X units. From 2014 to 2022, the growth of imports remained at a lower figure.

In value terms, golf equipment imports skyrocketed to $X in 2022. Over the period under review, imports posted significant growth. The most prominent rate of growth was recorded in 2013 with an increase of 188%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2022, China (X units) constituted the largest supplier of golf equipment to Poland, accounting for a 38% share of total imports. Moreover, golf equipment imports from China exceeded the figures recorded by the second-largest supplier, Indonesia (X units), threefold. Germany (X units) ranked third in terms of total imports with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +4.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (+189.0% per year) and Germany (+40.8% per year).

In value terms, China ($X), Japan ($X) and Taiwan (Chinese) ($X) constituted the largest golf equipment suppliers to Poland, together comprising 68% of total imports. Indonesia, Germany, the United States, the UK, South Korea and Belgium lagged somewhat behind, together comprising a further 26%.

Indonesia, with a CAGR of +162.0%, recorded the highest growth rate of the value of imports, among the main suppliers 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, jumping by 17% against the previous year. In general, the import price saw a remarkable increase. The pace of growth was the most pronounced in 2015 an increase of 96% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.

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 Japan ($X per unit), while the price for Belgium ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+17.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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