Golf Equipment Market Overview in the United Kingdom
Market Overview
The UK golf equipment market reduced notably to $
in 2019, with a decrease of -% 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 recorded a deep downturn. The most prominent rate of growth was recorded in 2010 with an increase of % y-o-y. Golf equipment consumption peaked at $ in 2007; however, from 2008 to 2019, consumption failed to regain the momentum.
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.
in 2019, with a decrease of -% 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 recorded a deep downturn. The most prominent rate of growth was recorded in 2010 with an increase of % y-o-y. Golf equipment consumption peaked at $ in 2007; however, from 2008 to 2019, consumption failed to regain the momentum.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.Consumption
In 2019, golf equipment consumption in the UK reduced remarkably to tonnes, falling by -% compared with the previous year. In general, consumption continues to indicate a deep reduction. The most prominent rate of growth was recorded in 2010 with an increase of % year-to-year. Over the period under review, consumption reached the peak volume at tonnes in 2008; however, from 2009 to 2019, consumption failed to regain the momentum.
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.
tonnes, falling by -% compared with the previous year. In general, consumption continues to indicate a deep reduction. The most prominent rate of growth was recorded in 2010 with an increase of % year-to-year. Over the period under review, consumption reached the peak volume at tonnes in 2008; however, from 2009 to 2019, consumption failed to regain the momentum.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.Market Forecast
Depressed by shrinking demand for golf equipment in the UK, 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 .Market Structure
Driven by a growing demand, the share of imports in total supply in the UK increased significantly over the last twelve years (from % to %). Total import supply of golf equipment is expected to rise, though it will be moderately impacted by price increases.
% to %). Total import supply of golf equipment is expected to rise, though it will be moderately impacted by price increases.Trade Balance
Those figures reflect the fact that neither imports nor exports don’t dominate the trade balance, and the country may export not only the product manufactured domestically, but also re-export some previously imported goods.
Download XLSX
Download all the data in the form of a report