Golf Balls Price in Vietnam - 2021
Contents:
- Golf Balls Price in Vietnam (FOB) - 2022
- Golf Balls Price in Vietnam (CIF) - 2022
- Golf Balls Exports in Vietnam
- Golf Balls Imports in Vietnam
Golf Balls Price in Vietnam (FOB) - 2022
The average golf balls export price stood at $11,008 per ton in 2022, with an increase of 4.8% against the previous year. Overall, export 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 balls export price decreased by -27.7% against 2018 indices. The most prominent rate of growth was recorded in 2013 an increase of 69% against the previous year. The export price peaked at $15,474 per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($10,972 per ton), while the average price for exports to Japan stood at $10,972 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+5.5%), while the prices for the other major destinations experienced more modest paces of growth.
Golf Balls Price in Vietnam (CIF) - 2022
In 2022, the average golf balls import price amounted to $12,044 per ton, growing by 15% against the previous year. In general, the import price, however, continues to indicate a slight decline. The most prominent rate of growth was recorded in 2014 when the average import price increased by 18%. Over the period under review, average import prices hit record highs at $16,948 per ton in 2016; however, from 2017 to 2022, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were South Korea ($12,629 per ton) and China ($12,485 per ton), while the price for Japan ($10,220 per ton) and the United States ($10,346 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (-1.1%), while the prices for the other major suppliers experienced a decline.
Golf Balls Exports in Vietnam
In 2022, shipments abroad of golf ballses decreased by -36.9% to 1.2K tons for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 282%. As a result, the exports attained the peak of 1.9K tons, and then contracted markedly in the following year.
In value terms, golf balls exports dropped notably to $13M in 2022. Overall, exports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 211% against the previous year. As a result, the exports attained the peak of $20M, and then declined significantly in the following year.
| Export of Golf Balls in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 2.8 | 3.6 | 14.2 | 10.7 | 56.3% |
| Japan | 2.8 | 2.1 | 2.7 | 2.0 | -10.6% |
| Others | 0.9 | 0.8 | 3.2 | 0.6 | -12.6% |
| Total | 6.4 | 6.5 | 20.1 | 13.3 | 27.6% |
Top Export Markets for Golf Balls from Vietnam in 2022:
- United States (971.5 tons)
- Japan (183.2 tons)
Golf Balls Imports in Vietnam
In 2022, overseas purchases of golf ballses increased by 13% to 125 tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, recorded a abrupt decrease.
In value terms, golf balls imports surged to $1.5M in 2022. Overall, imports, however, continue to indicate a deep downturn.
| Import of Golf Balls in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 1,149 | 855 | 622 | 795 | -11.6% |
| Taiwan (Chinese) | 246 | 155 | 195 | 249 | 0.4% |
| United States | 450 | 266 | 135 | 178 | -26.6% |
| South Korea | 114 | 262 | 96.8 | 124 | 2.8% |
| Japan | 155 | 157 | 43.1 | 70.8 | -23.0% |
| China | 65.7 | 109 | 53.1 | 67.9 | 1.1% |
| Others | 42.4 | 42.9 | 16.9 | 19.4 | -22.9% |
| Total | 2,222 | 1,846 | 1,162 | 1,504 | -12.2% |
Top Suppliers of Golf Balls to Vietnam in 2022:
- Thailand (63.7 tons)
- Taiwan (Chinese) (20.0 tons)
- United States (17.2 tons)
- South Korea (9.8 tons)
- Japan (6.9 tons)
- China (5.4 tons)
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