South Africa: Golf Equipment Market 2024

Golf Equipment Market Size in South Africa

The South African golf equipment market expanded remarkably to $X in 2022, surging by 6.1% 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). Over the period under review, the total consumption indicated a pronounced expansion from 2012 to 2022: its value 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, consumption increased by +103.0% against 2020 indices. Golf equipment consumption peaked in 2022 and is likely to see steady growth in the immediate term.

Golf Equipment Exports

Exports from South Africa

Golf equipment exports from South Africa declined dramatically to X units in 2022, falling by -16.6% against 2021 figures. Overall, exports showed a abrupt curtailment. The most prominent rate of growth was recorded in 2021 when exports increased by 57%. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, golf equipment exports skyrocketed to $X in 2022. In general, exports continue to indicate a noticeable reduction. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Mauritius (X units), Namibia (X units) and Zambia (X units) were the main destinations of golf equipment exports from South Africa, together comprising 45% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Mauritius (with a CAGR of +35.1%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for golf equipment exported from South Africa were Mauritius ($X), Namibia ($X) and Zambia ($X), together accounting for 49% of total exports. Democratic Republic of the Congo, Botswana, Swaziland, Lesotho, Zimbabwe and Mozambique lagged somewhat behind, together accounting for a further 20%.

Democratic Republic of the Congo, with a CAGR of +21.9%, recorded the highest growth rate of the value of exports, in terms of 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 45% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 an increase of 55% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per unit in 2020; however, from 2021 to 2022, the export prices stood at a somewhat 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 Mauritius ($X per unit), while the average price for exports to Lesotho ($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 Namibia (+8.1%), while the prices for the other major destinations experienced more modest paces of growth.

Golf Equipment Imports

Imports into South Africa

In 2022, purchases abroad of golf clubs and other golf equipment increased by 18% to X units, rising for the second year in a row after three years of decline. Over the period under review, imports showed moderate growth. The pace of growth was the most pronounced in 2021 with an increase of 97%. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in years to come.

In value terms, golf equipment imports declined to $X in 2022. In general, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 82% against the previous year. As a result, imports reached the peak of $X, and then shrank modestly in the following year.

Imports by Country

China (X units), Thailand (X units) and the United States (X units) were the main suppliers of golf equipment imports to South Africa, together comprising 64% of total imports.

From 2012 to 2022, the biggest increases were recorded for Thailand (with a CAGR of +16.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of golf clubs and other golf equipment to South Africa, comprising 39% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 12% share of total imports. It was followed by the UK, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled -1.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+17.3% per year) and the UK (-1.4% per year).

Import Prices by Country

The average golf equipment import price stood at $X per unit in 2022, reducing by -17.7% against the previous year. In general, the import price recorded a pronounced decline. The pace of growth appeared the most rapid in 2018 an increase of 24%. The import price peaked at $X per unit in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

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 the UK ($X per unit), while the price for Indonesia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+11.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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