Golf Equipment Market Overview in Ireland
Market Overview
In 2019, the Irish golf equipment market was finally on the rise to reach $
for the first time since 2016, thus ending a two-year declining trend. In general, consumption, however, saw a noticeable setback. The pace of growth appeared the most rapid in 2011 with an increase of % year-to-year. Golf equipment consumption peaked at $ in 2007; however, from 2008 to 2019, consumption remained at a lower figure.
for the first time since 2016, thus ending a two-year declining trend. In general, consumption, however, saw a noticeable setback. The pace of growth appeared the most rapid in 2011 with an increase of % year-to-year. Golf equipment consumption peaked at $ in 2007; however, from 2008 to 2019, consumption remained at a lower figure.Consumption
In 2019, consumption of golf clubs and other golf equipment was finally on the rise to reach tonnes for the first time since 2016, thus ending a two-year declining trend. Overall, consumption, however, continues to indicate a noticeable decline. The pace of growth was the most pronounced in 2010 with an increase of % y-o-y. Over the period under review, consumption hit record highs at tonnes in 2007; however, from 2008 to 2019, consumption stood at a somewhat lower figure.
The size of the golf equipment market in Ireland totaled $ in 2019, picking up by % 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). Over the period under review, consumption, however, showed a pronounced shrinkage. The pace of growth appeared the most rapid in 2011 with an increase of % y-o-y. Over the period under review, the market reached the maximum level at $ in 2007; however, from 2008 to 2019, consumption failed to regain the momentum.
tonnes for the first time since 2016, thus ending a two-year declining trend. Overall, consumption, however, continues to indicate a noticeable decline. The pace of growth was the most pronounced in 2010 with an increase of % y-o-y. Over the period under review, consumption hit record highs at tonnes in 2007; however, from 2008 to 2019, consumption stood at a somewhat lower figure.The size of the golf equipment market in Ireland totaled $
in 2019, picking up by % 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). Over the period under review, consumption, however, showed a pronounced shrinkage. The pace of growth appeared the most rapid in 2011 with an increase of % y-o-y. Over the period under review, the market reached the maximum level at $ in 2007; however, from 2008 to 2019, consumption failed to regain the momentum.Market Forecast
Depressed by shrinking demand for golf equipment in Ireland, the market is expected to continue its downward consumption trend over the next decade. The performance of the market is forecast to contract with an anticipated CAGR of -% for the period from 2019 to , which is projected to depress the market volume to tonnes by the end of .
% for the period from 2019 to , which is projected to depress the market volume to tonnes by the end of .Trade Balance
Ireland remains a net importer of golf equipment; in physical and value terms, imports consistently exceeded exports from 2007 to 2019. In 2019, there was a significant trade deficit of tonnes, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
tonnes, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
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