Report Update Nov 1, 2024

Scandinavia - Golf Clubs and Other Golf Equipment - Market Analysis, Forecast, Size, Trends and Insights

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Scandinavia: Golf Equipment Market 2024

Golf Equipment Exports

Exports in Scandinavia

For the fifth year in a row, Scandinavia recorded growth in overseas shipments of golf clubs and other golf equipment, which increased by 12% to X units in 2022. Overall, exports enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2019 with an increase of 95% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, golf equipment exports shrank remarkably to $X in 2022. In general, exports saw a strong increase. The growth pace was the most rapid in 2020 with an increase of 102%. The level of export peaked at $X in 2021, and then contracted markedly in the following year.

Exports by Country

Sweden dominates exports structure, amounting to X units, which was near 94% of total exports in 2022. It was distantly followed by Norway (X units), mixing up a 4.6% share of total exports.

Sweden was also the fastest-growing in terms of the golf clubs and other golf equipment exports, with a CAGR of +5.8% from 2012 to 2022. Norway (-2.4%) illustrated a downward trend over the same period. While the share of Sweden (+4.2 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Norway (-5.2 p.p.) displayed negative dynamics.

In value terms, Sweden ($X) remains the largest golf equipment supplier in Scandinavia, comprising 96% of total exports. The second position in the ranking was taken by Norway ($X), with a 2.5% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Sweden totaled +14.2%.

Export Prices by Country

The export price in Scandinavia stood at $X per unit in 2022, waning by -24.8% against the previous year. In general, the export price, however, continues to indicate a strong expansion. The growth pace was the most rapid in 2020 when the export price increased by 41% against the previous year. The level of export peaked at $X per unit in 2021, and then dropped dramatically in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Sweden ($X per unit), while Norway stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+8.0%).

Golf Equipment Imports

Imports in Scandinavia

In 2022, purchases abroad of golf clubs and other golf equipment decreased by -5.4% to X units for the first time since 2018, thus ending a three-year rising trend. Total imports indicated pronounced growth from 2012 to 2022: its volume increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +58.9% against 2018 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 38%. The volume of import peaked at X units in 2021, and then dropped in the following year.

In value terms, golf equipment imports declined to $X in 2022. In general, imports, however, showed a prominent increase. The most prominent rate of growth was recorded in 2020 when imports increased by 37% against the previous year. Over the period under review, imports reached the peak figure at $X in 2021, and then shrank in the following year.

Imports by Country

In 2022, Sweden (X units) represented the main importer of golf clubs and other golf equipment, making up 62% of total imports. Norway (X units) held the second position in the ranking, distantly followed by Finland (X units). All these countries together held approx. 38% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to golf equipment imports into Sweden stood at +2.5%. At the same time, Norway (+5.3%) displayed positive paces of growth. Moreover, Norway emerged as the fastest-growing importer imported in Scandinavia, with a CAGR of +5.3% from 2012-2022. Finland experienced a relatively flat trend pattern. While the share of Norway (+5.5 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Finland (-6 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Sweden ($X) constitutes the largest market for imported golf clubs and other golf equipment in Scandinavia, comprising 60% of total imports. The second position in the ranking was held by Norway ($X), with a 23% share of total imports.

In Sweden, golf equipment imports expanded at an average annual rate of +6.2% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Norway (+5.6% per year) and Finland (+5.4% per year).

Import Prices by Country

The import price in Scandinavia stood at $X per unit in 2022, falling by -6% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.4%. The pace of growth was the most pronounced in 2017 when the import price increased by 20% against the previous year. The level of import peaked at $X per unit in 2021, and then fell in the following year.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Finland ($X per unit), while Sweden ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+6.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Production in Scandinavia, split by region and country
Trade (exports and imports) in Scandinavia
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. CONSUMPTION BY COUNTRY
3. 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
2. PRODUCTION BY COUNTRY
8. IMPORTS
The Largest Importers on The Market and How They Succeed
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Exporters on The Market and How They Succeed
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
11. COUNTRY PROFILES

The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO
- Finland
- Norway
- Sweden
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, By Country, 2018–2023
5. Production, In Physical Terms, By Country, 2012–2023
6. Imports, In Physical Terms, By Country, 2012–2023
7. Imports, In Value Terms, By Country, 2012–2023
8. Import Prices, By Country Of Destination, 2012–2023
9. Exports, In Physical Terms, By Country, 2012–2023
10. Exports, In Value Terms, By Country, 2012–2023
11. Export Prices, By Country Of Origin, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Consumption, By Country, 2023
4. Market Volume Forecast to 2030
5. Market Value Forecast to 2030
6. Products: Market Size And Growth, By Type
7. Products: Average Per Capita Consumption, By Type
8. Products: Exports And Growth, By Type
9. Products: Export Prices And Growth, By Type
10. Production Volume And Growth
11. Exports And Growth
12. Export Prices And Growth
13. Market Size And Growth
14. Per Capita Consumption
15. Imports And Growth
16. Import Prices
17. Production, In Physical Terms, 2012–2023
18. Production, In Value Terms, 2012–2023
19. Production, By Country, 2023
20. Production, In Physical Terms, By Country, 2012–2023
21. Imports, In Physical Terms, 2012–2023
22. Imports, In Value Terms, 2012–2023
23. Imports, In Physical Terms, By Country, 2023
24. Imports, In Physical Terms, By Country, 2012–2023
25. Imports, In Value Terms, By Country, 2012–2023
26. Import Prices, By Country, 2012–2023
27. Exports, In Physical Terms, 2012–2023
28. Exports, In Value Terms, 2012–2023
29. Exports, In Physical Terms, By Country, 2023
30. Exports, In Physical Terms, By Country, 2012–2023
31. Exports, In Value Terms, By Country, 2012–2023
32. Export Prices, 2012–2023