Golf Clubs; Complete Price in Saudi Arabia - 2021
Contents:
Golf Clubs; Complete Price in Saudi Arabia (CIF) - 2022
In 2022, the average golf clubs; complete import price amounted to $107 per unit, shrinking by -4.6% against the previous year. Over the last seven years, it increased at an average annual rate of +4.1%. The most prominent rate of growth was recorded in 2020 when the average import price increased by 17%. Over the period under review, average import prices attained the maximum at $112 per unit in 2021, and then dropped modestly in the following year.
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 United States ($49 per unit), while the price for Mauritius ($9.7 per unit) was amongst the lowest.
From 2015 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+99.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Golf Clubs; Complete Imports in Saudi Arabia
In 2022, after three years of growth, there was decline in overseas purchases of golf clubs; completes, when their volume decreased by -3.6% to 2.6K units. Over the period under review, total imports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +13.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +48.0% against 2019 indices. The pace of growth appeared the most rapid in 2020 when imports increased by 42%. Over the period under review, imports hit record highs at 2.7K units in 2021, and then reduced in the following year.
In value terms, golf clubs; complete imports contracted to $278K in 2022. In general, total imports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +22.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +82.6% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 67% against the previous year. Imports peaked at $302K in 2021, and then fell in the following year.
| Import of Golf Clubs; Complete in Saudi Arabia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 34.7 | 29.9 | 55.1 | 93.5 | 39.2% |
| United States | 17.6 | 4.2 | 41.3 | 90.5 | 72.6% |
| South Korea | N/A | N/A | N/A | 22.9 | 0% |
| Sweden | N/A | N/A | N/A | 20.3 | 0% |
| Spain | N/A | N/A | 0.7 | 10.5 | 1400.0% |
| Mauritius | N/A | N/A | N/A | 5.5 | 0% |
| Netherlands | N/A | N/A | N/A | 1.8 | 0% |
| China | 28.4 | 78.4 | 86.7 | N/A | 74.7% |
| Pakistan | 7.4 | 3.2 | 2.3 | N/A | -44.2% |
| Canada | N/A | 101 | N/A | N/A | 0% |
| Others | 64.1 | 36.9 | 116 | 33.0 | -19.9% |
| Total | 152 | 254 | 302 | 278 | 22.3% |
Top Suppliers of Golf Clubs; Complete to Saudi Arabia in 2022:
- United Kingdom (2.0K units)
- United States (1.8K units)
- South Korea (1.5K units)
- Sweden (0.9K units)
- Mauritius (0.6K units)
- Spain (0.5K units)
- Netherlands (0.1K units)
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