Golf Equipment Market Overview in the United Kingdom
In value terms, golf equipment production rose modestly to $ in 2019 estimated in export prices. In general, production, however, showed a perceptible decline. The growth pace was the most rapid in 2014 with an increase of % against the previous year. As a result, production reached the peak level of $. From 2015 to 2019, production growth remained at a somewhat lower figure.
The revenue of the golf equipment market in the UK shrank rapidly to $ in 2019, which is down 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). Overall, consumption recorded a abrupt setback. The most prominent rate of growth was recorded in 2010 when the market value increased by % against the previous year. Golf equipment consumption peaked at $ in 2007; however, from 2008 to 2019, consumption failed to regain the momentum.