Romania: Golf Equipment Market 2024

Golf Equipment Market Size in Romania

In 2022, the Romanian golf equipment market increased by 87% to $X, rising for the second year in a row after two years of decline. In general, consumption recorded prominent growth. Over the period under review, the market reached the peak level in 2022 and is expected to retain growth in the near future.

Golf Equipment Exports

Exports from Romania

In 2022, exports of golf clubs and other golf equipment from Romania dropped dramatically to X units, falling by -18.8% compared with 2021 figures. Overall, exports, however, recorded a prominent expansion. The most prominent rate of growth was recorded in 2018 with an increase of 491%. As a result, the exports attained the peak of X units. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, golf equipment exports shrank notably to $X in 2022. Over the period under review, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when exports increased by 403% against the previous year. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Bulgaria (X units) was the main destination for golf equipment exports from Romania, accounting for a 80% share of total exports. Moreover, golf equipment exports to Bulgaria exceeded the volume sent to the second major destination, Greece (X units), sixfold. The third position in this ranking was held by the Czech Republic (X units), with a 2.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Bulgaria totaled +75.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Greece (+307.6% per year) and the Czech Republic (+53.0% per year).

In value terms, Bulgaria ($X) remains the key foreign market for golf clubs and other golf equipment exports from Romania, comprising 62% of total exports. The second position in the ranking was held by Greece ($X), with a 25% share of total exports. It was followed by Moldova, with a 4.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Bulgaria stood at +46.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Greece (+422.1% per year) and Moldova (-8.5% per year).

Export Prices by Country

In 2022, the average golf equipment export price amounted to $X per unit, declining by -29.3% against the previous year. Overall, the export price saw a abrupt downturn. The pace of growth appeared the most rapid in 2019 an increase of 324% against the previous year. Over the period under review, the average export prices reached the maximum at $X per unit in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Moldova ($X per unit), while the average price for exports to Spain ($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 Spain (+71.6%), while the prices for the other major destinations experienced more modest paces of growth.

Golf Equipment Imports

Imports into Romania

In 2022, purchases abroad of golf clubs and other golf equipment increased by 94% to X units, rising for the second consecutive year after two years of decline. Over the period under review, imports enjoyed a prominent increase. The pace of growth appeared the most rapid in 2016 when imports increased by 323% against the previous year. Imports peaked in 2022 and are likely to continue growth in years to come.

In value terms, golf equipment imports surged to $X in 2022. Overall, imports continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2016 with an increase of 287%. Imports peaked at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

Germany (X units), Bulgaria (X units) and Hungary (X units) were the main suppliers of golf equipment imports to Romania, together accounting for 58% of total imports.

From 2012 to 2022, the biggest increases were recorded for Bulgaria (with a CAGR of +137.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Sweden ($X) and Turkey ($X) were the largest golf equipment suppliers to Romania, with a combined 59% share of total imports. Bulgaria, Hungary, Poland, China, France, Spain and Italy lagged somewhat behind, together accounting for a further 31%.

In terms of the main suppliers, Bulgaria, with a CAGR of +93.0%, recorded 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, shrinking by -18.4% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average import price increased by 75% against the previous year. The import price peaked at $X per unit in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

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 Sweden ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+2.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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