Switzerland: Golf Equipment Market 2024

Golf Equipment Market Size in Switzerland

The Swiss golf equipment market dropped to $X in 2022, with a decrease of -9.1% 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). In general, consumption continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $X, and then fell in the following year.

Golf Equipment Exports

Exports from Switzerland

In 2022, overseas shipments of golf clubs and other golf equipment increased by 23% to X units, rising for the second year in a row after two years of decline. Overall, exports continue to indicate a perceptible expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 101%. Over the period under review, the exports reached the peak figure in 2022 and are likely to continue growth in years to come.

In value terms, golf equipment exports surged to $X in 2022. In general, total exports indicated tangible growth from 2012 to 2022: its value increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +59.9% against 2020 indices. The growth pace was the most rapid in 2018 when exports increased by 68% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Thailand (X units), Germany (X units) and the UK (X units) were the main destinations of golf equipment exports from Switzerland, together accounting for 47% of total exports.

From 2012 to 2022, the biggest increases were recorded for Thailand (with a CAGR of +132.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the UK ($X), Germany ($X) and Thailand ($X) constituted the largest markets for golf equipment exported from Switzerland worldwide, together accounting for 56% of total exports.

Among the main countries of destination, Thailand, with a CAGR of +117.0%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average golf equipment export price stood at $X per unit in 2022, with a decrease of -6.3% against the previous year. Overall, the export price showed a slight decline. The pace of growth was the most pronounced in 2018 an increase of 40%. As a result, the export price attained the peak level of $X per unit. From 2019 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per unit), while the average price for exports to Serbia ($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 the United States (+3.5%), while the prices for the other major destinations experienced more modest paces of growth.

Golf Equipment Imports

Imports into Switzerland

In 2022, approx. X units of golf clubs and other golf equipment were imported into Switzerland; which is down by -12% compared with the previous year's figure. In general, imports showed a mild descent. The pace of growth appeared the most rapid in 2021 with an increase of 40%. As a result, imports attained the peak of X units, and then shrank in the following year.

In value terms, golf equipment imports shrank to $X in 2022. Overall, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 24%. As a result, imports reached the peak of $X, and then reduced in the following year.

Imports by Country

China (X units), the United States (X units) and the UK (X units) were the main suppliers of golf equipment imports to Switzerland, together comprising 59% of total imports. Taiwan (Chinese), Germany, Japan, Indonesia and the Netherlands lagged somewhat behind, together accounting for a further 28%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Indonesia (with a CAGR of +18.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), the UK ($X) and the United States ($X) appeared to be the largest golf equipment suppliers to Switzerland, together accounting for 62% of total imports. Japan, Germany, Taiwan (Chinese), the Netherlands and Indonesia lagged somewhat behind, together comprising a further 28%.

Taiwan (Chinese), with a CAGR of +16.5%, saw the highest rates of growth with regard to 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, surging by 6% against the previous year. In general, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 21%. The import price peaked at $X per unit in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per unit), while the price for Indonesia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+14.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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