Golf Clubs; Complete Price in Japan - 2023
Contents:
- Golf Clubs; Complete Price in Japan (FOB) - 2023
- Golf Clubs; Complete Price in Japan (CIF) - 2022
- Golf Clubs; Complete Exports in Japan
- Golf Clubs; Complete Imports in Japan
Golf Clubs; Complete Price in Japan (FOB) - 2023
The average golf clubs; complete export price stood at $78.8 per unit in July 2023, reducing by -3.7% against the previous month. Over the period under review, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in February 2023 an increase of 11% m-o-m. Over the period under review, the average export prices reached the peak figure at $90.1 per unit in March 2023; however, from April 2023 to July 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In July 2023, the country with the highest price was China ($118 per unit), while the average price for exports to Thailand ($45.9 per unit) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+0.8%), while the prices for the other major destinations experienced more modest paces of growth.
Golf Clubs; Complete Price in Japan (CIF) - 2022
In 2022, the average golf clubs; complete import price amounted to $99 per unit, declining by -6.9% against the previous year. Over the last decade, it increased at an average annual rate of +2.9%. The pace of growth appeared the most rapid in 2018 when the average import price increased by 16%. The import price peaked at $107 per unit in 2021, and then reduced 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 ($357 per unit), while the price for China ($100 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+6.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Golf Clubs; Complete Exports in Japan
In 2022, the amount of golf clubs; completes exported from Japan skyrocketed to 5.3M units, with an increase of 27% against 2021 figures. In general, total exports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +17.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +61.9% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, golf clubs; complete exports soared to $428M in 2022. Over the period under review, total exports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +16.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +56.2% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 28% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the near future.
| Export of Golf Clubs; Complete in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 176 | 196 | 258 | 308 | 20.5% |
| China | 14.8 | 22.2 | 28.2 | 29.8 | 26.3% |
| Vietnam | 4.7 | 8.6 | 10.5 | 18.4 | 57.6% |
| Taiwan (Chinese) | 8.4 | 12.9 | 13.2 | 14.6 | 20.2% |
| Hong Kong SAR | 21.8 | 9.4 | 11.5 | 8.9 | -25.8% |
| Malaysia | 6.2 | 5.5 | 7.0 | 8.5 | 11.1% |
| Singapore | 5.1 | 4.6 | 8.4 | 8.4 | 18.1% |
| United States | 11.7 | 6.1 | 6.5 | 6.5 | -17.8% |
| Netherlands | 6.5 | 6.6 | 5.6 | 6.4 | -0.5% |
| Australia | 5.5 | 6.6 | 4.9 | 4.4 | -7.2% |
| Others | 13.1 | 10.3 | 14.4 | 14.8 | 4.2% |
| Total | 274 | 289 | 369 | 428 | 16.0% |
Top Export Markets for Golf Clubs; Complete from Japan in 2022:
- South Korea (2321.0K units)
- China (224.7K units)
- Vietnam (138.8K units)
- Taiwan (Chinese) (109.8K units)
- Hong Kong SAR (67.0K units)
- Malaysia (64.0K units)
- Singapore (63.6K units)
- United States (49.1K units)
- Netherlands (48.0K units)
- Australia (33.3K units)
Golf Clubs; Complete Imports in Japan
In 2022, approx. 3.6M units of golf clubs; completes were imported into Japan; rising by 24% compared with 2021 figures. Overall, total imports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +6.8% 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 +67.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 36%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.
In value terms, golf clubs; complete imports surged to $357M in 2022. In general, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +11.9% 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 +80.3% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 56%. Over the period under review, imports reached the maximum in 2022 and are likely to see gradual growth in the immediate term.
| Import of Golf Clubs; Complete in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 177 | 112 | 196 | 215 | 6.7% |
| Taiwan (Chinese) | 18.0 | 25.4 | 52.3 | 60.7 | 50.0% |
| Vietnam | 29.3 | 27.9 | 33.0 | 52.7 | 21.6% |
| United States | 22.9 | 16.9 | 20.0 | 19.0 | -6.0% |
| Others | 7.2 | 15.2 | 7.6 | 9.6 | 10.1% |
| Total | 255 | 198 | 309 | 357 | 11.9% |
Top Suppliers of Golf Clubs; Complete to Japan in 2022:
- China (2144.4K units)
- Vietnam (506.4K units)
- Taiwan (Chinese) (235.1K units)
- United States (53.3K units)
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