Golf Balls Price in South Africa - 2023
Contents:
- Golf Balls Price in South Africa (CIF) - 2022
- Golf Balls Price in South Africa (FOB) - 2022
- Golf Balls Imports in South Africa
- Golf Balls Exports in South Africa
Golf Balls Price in South Africa (CIF) - 2022
The average golf balls import price stood at $1.7 per unit in 2022, with a decrease of -22.4% against the previous year. Overall, the import price recorded a mild slump. The pace of growth appeared the most rapid in 2021 an increase of 32%. Over the period under review, average import prices reached the maximum at $2.6 per unit in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Indonesia ($17 per unit) and Japan ($17 per unit), while the price for China ($17 per unit) and South Korea ($17 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (-4.4%), while the prices for the other major suppliers experienced a decline.
Golf Balls Price in South Africa (FOB) - 2022
In 2022, the average golf balls export price amounted to $2.4 per unit, with a decrease of -57.7% against the previous year. Overall, the export price recorded a perceptible descent. The pace of growth appeared the most rapid in 2021 when the average export price increased by 62%. As a result, the export price attained the peak level of $5.7 per unit, and then shrank notably in the following year.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to the UK ($18 per unit) and Swaziland ($18 per unit), while the average price for exports to Seychelles ($18 per unit) and Namibia ($18 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Namibia (+10.1%), while the prices for the other major destinations experienced mixed trend patterns.
Golf Balls Imports in South Africa
In 2022, imports of golf ballses into South Africa surged to 3.3M units, with an increase of 15% on the year before. In general, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 28%. Imports peaked in 2022 and are likely to continue growth in years to come.
In value terms, golf balls imports shrank to $5.6M in 2022. Over the period under review, total imports indicated pronounced growth from 2019 to 2022: its value increased at an average annual rate of +4.0% 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 +50.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 69%. As a result, imports attained the peak of $6.2M, and then declined in the following year.
| Import of Golf Balls in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 1,476 | 908 | 1,863 | 1,680 | 4.4% |
| United States | 1,335 | 1,121 | 1,789 | 1,249 | -2.2% |
| Taiwan (Chinese) | 630 | 325 | 893 | 695 | 3.3% |
| Indonesia | 754 | 639 | 741 | 669 | -3.9% |
| Japan | 418 | 378 | 423 | 629 | 14.6% |
| China | 221 | 177 | 211 | 294 | 10.0% |
| South Korea | 61.4 | 96.3 | 293 | 262 | 62.2% |
| Others | 57.9 | 51.7 | 33.1 | 98.0 | 19.2% |
| Total | 4,953 | 3,696 | 6,245 | 5,575 | 4.0% |
Top Suppliers of Golf Balls to South Africa in 2022:
- Thailand (101.5K units)
- United States (75.5K units)
- Taiwan (Chinese) (42.0K units)
- Indonesia (40.4K units)
- Japan (38.0K units)
- China (17.8K units)
- South Korea (15.8K units)
Golf Balls Exports in South Africa
For the fourth consecutive year, South Africa recorded growth in shipments abroad of golf ballses, which increased by 133% to 151K units in 2022. Overall, exports saw a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, golf balls exports shrank slightly to $366K in 2022. In general, total exports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +16.2% 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 +67.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 70% against the previous year. As a result, the exports reached the peak of $371K, and then reduced modestly in the following year.
| Export of Golf Balls in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mauritius | 44.9 | 27.3 | 27.1 | 137 | 45.0% |
| Namibia | 31.7 | 55.3 | 70.6 | 42.5 | 10.3% |
| Lesotho | 10.3 | 23.7 | 121 | 35.5 | 51.1% |
| Zambia | 19.5 | 20.2 | 20.0 | 24.2 | 7.5% |
| Botswana | 43.8 | 19.3 | 70.0 | 22.9 | -19.4% |
| Mozambique | 4.0 | 1.6 | 5.2 | 18.9 | 67.8% |
| Swaziland | 9.7 | 7.6 | 11.3 | 17.9 | 22.7% |
| Seychelles | 0.7 | N/A | 5.2 | 15.6 | 181.4% |
| Democratic Republic of the Congo | 14.3 | 1.9 | 6.6 | 15.2 | 2.1% |
| Zimbabwe | 22.1 | 51.1 | 12.1 | 8.4 | -27.6% |
| Malawi | 11.6 | 0.8 | 2.1 | 5.7 | -21.1% |
| Others | 20.5 | 9.7 | 19.6 | 22.4 | 3.0% |
| Total | 233 | 219 | 371 | 366 | 16.2% |
Top Export Markets for Golf Balls from South Africa in 2022:
- Mauritius (7.6K units)
- Namibia (2.4K units)
- Lesotho (2.0K units)
- Zambia (1.3K units)
- Botswana (1.3K units)
- Swaziland (1.0K units)
- Mozambique (1.0K units)
- Seychelles (0.9K units)
- Democratic Republic of the Congo (0.8K units)
- Zimbabwe (0.5K units)
- Malawi (0.3K units)
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