Report Update Nov 1, 2024

Puerto Rico - 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

Puerto Rico: Golf Equipment Market 2024

Golf Equipment Market Size in Puerto Rico

In 2021, the Puerto Rican golf equipment market was finally on the rise to reach $X for the first time since 2017, thus ending a three-year declining trend. Overall, consumption continues to indicate a noticeable reduction. Puerto Rico consumption peaked at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Golf Equipment Production in Puerto Rico

In value terms, golf equipment production skyrocketed to $X in 2021 estimated in export price. In general, production continues to indicate a slight descent. The most prominent rate of growth was recorded in 2015 with an increase of 46%. Over the period under review, production reached the maximum level at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Golf Equipment Exports

Exports by Country

The shipments of the three major exporters of golf clubs and other golf equipment, namely China, Taiwan (Chinese) and South Africa, represented more than half of total export. The Netherlands (X tons) held the next position in the ranking, followed by Thailand (X tons) and Hong Kong SAR (X tons). All these countries together held approx. 21% share of total exports. Vietnam (X tons), Japan (X tons), the UK (X tons), the United States (X tons), Indonesia (X tons), South Korea (X tons) and Mexico (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by the Netherlands (with a CAGR of +23.8%), while the other leaders experienced more modest paces of growth.

In value terms, China ($X) remains the largest golf equipment supplier from Puerto Rico, comprising 28% of global exports. The second position in the ranking was held by Hong Kong SAR ($X), with a 14% share of global exports. It was followed by Taiwan (Chinese), with a 13% share.

In China, golf equipment exports increased at an average annual rate of +3.0% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Hong Kong SAR (-0.1% per year) and Taiwan (Chinese) (+9.2% per year).

Golf Equipment Imports

Imports by Country

The United States (X tons) and South Africa (X tons) represented roughly 32% of total imports in 2021. The UK (X tons) ranks next in terms of the total imports with a 12% share, followed by Japan (8.6%), South Korea (6.3%), Hong Kong SAR (6.2%) and Mexico (4.9%). The Netherlands (X tons), Canada (X tons), Thailand (X tons), China (X tons), Germany (X tons) and Australia (X tons) followed a long way behind the leaders.

From 2012 to 2021, golf equipment imports into expanded with a the United States of +5.7%, while South Africa (-54.2%) experienced a sharp slump unchanged over the same period. At the same time, the Netherlands (+14.2%), Mexico (+13.5%), Germany (+8.4%), South Korea (+7.3%) and Thailand (+5.1%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing importer imported in the world, with a CAGR of +14.2% from 2012-2021. China, Japan, Canada and Australia experienced a relatively flat trend pattern. By contrast, the UK (-2.6%) and Hong Kong SAR (-5.0%) illustrated a downward trend over the same period. While the share of the United States (+28 p.p.), the UK (+9.6 p.p.), Japan (+7.2 p.p.), South Korea (+5.7 p.p.), Mexico (+4.6 p.p.), Hong Kong SAR (+4.5 p.p.), the Netherlands (+3.7 p.p.), Thailand (+3.2 p.p.), Canada (+3.1 p.p.), Germany (+2.4 p.p.) and China (+2.3 p.p.) increased significantly in terms of the global imports from 2012-2021, the share of South Africa (-85.7 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X), Japan ($X) and Hong Kong SAR ($X) were the countries with the highest levels of imports in 2021, with a combined 52% share of total imports. South Korea, Mexico, the UK, China, Canada, the Netherlands, Germany, Australia, South Africa and Thailand lagged somewhat behind, together comprising a further 37%.

In terms of the main importing countries, Mexico, with a CAGR of +21.4%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders 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 comprising 92% of global consumption.

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

China constituted the country with the largest volume of golf equipment production, 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 Puerto Rico?

In value terms, the United States constitutes the largest market for imported golf clubs and other golf equipment into Puerto Rico, comprising 26% of global imports. The second position in the ranking was occupied by the UK, with a 5.3% share of global imports.

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

In value terms, China remains the largest golf equipment supplier from Puerto Rico, comprising 35% of global exports. The second position in the ranking was occupied by Hong Kong SAR, with a 15% share of global exports. It was followed by the United States, with a 10% share.

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

The export price in Puerto Rico stood at less than $0.1 per ton in 2021, leveling off at the previous year.

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

The import price in Puerto Rico stood at less than $0.1 per ton in 2021, remaining stable against the previous year.

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

Puerto Rico

Data coverage:

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