United Arab Emirates: Golf Equipment Market 2024

Golf Equipment Market Size in the United Arab Emirates

The golf equipment market in the United Arab Emirates shrank dramatically to $X in 2022, reducing by -19.1% 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). Overall, consumption showed a slight downturn. Golf equipment consumption peaked at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Golf Equipment Exports

Exports from the United Arab Emirates

In 2022, exports of golf clubs and other golf equipment from the United Arab Emirates fell sharply to X units, which is down by -19.9% compared with the previous year's figure. Overall, exports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when exports increased by 190% against the previous year. Over the period under review, the exports hit record highs at X units in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, golf equipment exports contracted significantly to $X in 2022. In general, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when exports increased by 171% against the previous year. As a result, the exports reached the peak of $X, and then fell notably in the following year.

Exports by Country

Germany (X units), the UK (X units) and France (X units) were the main destinations of golf equipment exports from the United Arab Emirates, together comprising 52% of total exports.

From 2012 to 2022, the biggest increases were recorded for France (with a CAGR of +121.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for golf equipment exported from the United Arab Emirates were the UK ($X), Hong Kong SAR ($X) and Germany ($X), with a combined 47% share of total exports. France, Bahrain, Sri Lanka, Rwanda and Tanzania lagged somewhat behind, together accounting for a further 23%.

France, with a CAGR of +62.2%, saw the highest rates of growth with regard to 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, reducing by -14.5% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 an increase of 79% against the previous year. The export price peaked at $X per unit in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

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 Hong Kong SAR ($X per unit), while the average price for exports to Rwanda ($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 Burkina Faso (+31.1%), while the prices for the other major destinations experienced mixed trend patterns.

Golf Equipment Imports

Imports into the United Arab Emirates

In 2022, approx. X units of golf clubs and other golf equipment were imported into the United Arab Emirates; falling by -18.2% compared with the previous year. Over the period under review, imports showed a pronounced decline. The growth pace was the most rapid in 2019 when imports increased by 70%. Over the period under review, imports reached the peak figure at X units in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, golf equipment imports declined notably to $X in 2022. Overall, imports, however, recorded a modest increase. The pace of growth appeared the most rapid in 2021 when imports increased by 68% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the UK (X units) constituted the largest golf equipment supplier to the United Arab Emirates, with a 38% share of total imports. Moreover, golf equipment imports from the UK exceeded the figures recorded by the second-largest supplier, China (X units), twofold. The third position in this ranking was taken by South Korea (X units), with a 12% share.

From 2012 to 2022, the average annual growth rate of volume from the UK amounted to -5.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+1.7% per year) and South Korea (+17.6% per year).

In value terms, the UK ($X) constituted the largest supplier of golf clubs and other golf equipment to the United Arab Emirates, comprising 45% of total imports. The second position in the ranking was taken by the United States ($X), with a 9.9% share of total imports. It was followed by South Korea, with a 9.5% share.

From 2012 to 2022, the average annual growth rate of value from the UK was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-1.0% per year) and South Korea (+24.6% per year).

Import Prices by Country

The average golf equipment import price stood at $X per unit in 2022, waning by -2.4% against the previous year. In general, import price indicated a resilient increase from 2012 to 2022: its price increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, golf equipment import price increased by +12.4% against 2016 indices. The growth pace was the most rapid in 2016 an increase of 47% against the previous year. The import price peaked at $X per unit in 2021, and then contracted slightly in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+13.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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