Golf Balls Price in Switzerland - 2023
Contents:
- Golf Balls Price in Switzerland (CIF) - 2023
- Golf Balls Price in Switzerland (FOB) - 2022
- Golf Balls Imports in Switzerland
- Golf Balls Exports in Switzerland
Golf Balls Price in Switzerland (CIF) - 2023
In August 2023, the average golf balls import price amounted to $4.2 per unit, which is down by -10.9% against the previous month. In general, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in July 2023 when the average import price increased by 81% month-to-month. Over the period under review, average import prices attained the peak figure at $5.5 per unit in February 2023; however, from March 2023 to August 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was Thailand ($7.3 per unit), while the price for Japan ($2.5 per unit) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Thailand (+3.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Golf Balls Price in Switzerland (FOB) - 2022
The average golf balls export price stood at $2.9 per unit in 2022, remaining constant against the previous year. Over the last decade, it increased at an average annual rate of +2.8%. The growth pace was the most rapid in 2013 when the average export price increased by 21%. The export price peaked at $2.9 per unit in 2021, and then declined slightly in the following year.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($76 per unit), while the average price for exports to Hungary ($13 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Chile (+14.7%), while the prices for the other major destinations experienced mixed trend patterns.
Golf Balls Imports in Switzerland
In 2022, the amount of golf ballses imported into Switzerland reduced to 2.7M units, shrinking by -6% on 2021. The total import volume increased at an average annual rate of +3.1% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 28% against the previous year. As a result, imports reached the peak of 2.9M units, and then contracted in the following year.
In value terms, golf balls imports dropped slightly to $5.6M in 2022. The total import value increased at an average annual rate of +7.8% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 34%. As a result, imports reached the peak of $5.7M, and then dropped slightly in the following year.
| Import of Golf Balls in Switzerland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1,459 | 1,398 | 1,802 | 1,933 | 9.8% |
| Taiwan (Chinese) | 650 | 569 | 861 | 968 | 14.2% |
| China | 699 | 473 | 564 | 595 | -5.2% |
| Thailand | 336 | 272 | 533 | 558 | 18.4% |
| United Kingdom | 498 | 582 | 674 | 410 | -6.3% |
| Indonesia | 277 | 246 | 569 | 297 | 2.4% |
| Germany | 194 | 256 | 277 | 257 | 9.8% |
| Japan | 58.1 | 157 | 144 | 205 | 52.2% |
| South Korea | 112 | 126 | 112 | 144 | 8.7% |
| Others | 163 | 156 | 140 | 212 | 9.2% |
| Total | 4,448 | 4,234 | 5,675 | 5,578 | 7.8% |
Top Suppliers of Golf Balls to Switzerland in 2022:
- United States (47.0K units)
- Taiwan (Chinese) (32.8K units)
- China (22.7K units)
- United Kingdom (16.9K units)
- Indonesia (13.9K units)
- Thailand (10.8K units)
- Japan (7.3K units)
- South Korea (6.3K units)
- Germany (6.0K units)
Golf Balls Exports in Switzerland
In 2022, exports of golf ballses from Switzerland soared to 131K units, jumping by 26% compared with the previous year. In general, total exports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +10.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +80.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 43%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the near future.
In value terms, golf balls exports soared to $387K in 2022. Overall, exports posted prominent growth. The most prominent rate of growth was recorded in 2021 with an increase of 61%. The exports peaked in 2022 and are likely to see steady growth in years to come.
| Export of Golf Balls in Switzerland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | N/A | 1.1 | 124 | 112 | 909.0% |
| United States | 9.3 | 31.2 | 34.1 | 53.8 | 79.5% |
| Spain | 16.0 | 2.6 | 27.1 | 35.5 | 30.4% |
| Germany | 7.7 | 4.9 | 20.0 | 29.8 | 57.0% |
| South Korea | 4.8 | 5.4 | 1.3 | 25.8 | 75.2% |
| Japan | 10.4 | 8.2 | 11.1 | 18.6 | 21.4% |
| United Kingdom | 33.9 | 8.3 | 10.1 | 16.3 | -21.7% |
| India | N/A | N/A | 0.1 | 14.4 | 14300.0% |
| Sweden | 0.7 | 0.1 | 6.2 | 11.1 | 151.2% |
| Netherlands | 4.9 | 19.7 | 5.0 | 8.8 | 21.6% |
| France | 9.5 | 7.8 | 14.6 | 8.2 | -4.8% |
| Chile | 0.5 | N/A | 0.9 | 4.9 | 114.0% |
| Hungary | 0.6 | N/A | 0.1 | 3.3 | 76.5% |
| Others | 128 | 102 | 53.8 | 44.2 | -29.8% |
| Total | 226 | 191 | 308 | 387 | 19.6% |
Top Export Markets for Golf Balls from Switzerland in 2022:
- Thailand (4.5K units)
- Germany (1.5K units)
- Spain (1.1K units)
- Japan (0.8K units)
- United States (0.7K units)
- Sweden (0.5K units)
- France (0.4K units)
- South Korea (0.4K units)
- United Kingdom (0.3K units)
- Netherlands (0.3K units)
- India (0.3K units)
- Chile (0.3K units)
- Hungary (0.2K units)
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