The import of golf equipment, excluding balls and clubs, to China is forecasted to show a declining trend from 2024 to 2028. Starting at an estimated value of 165.29 million USD in 2024, it is expected to decrease consistently by approximately 0.5 million USD each year, reaching 163.34 million USD by 2028. This steady decline indicates a small but consistent downturn in imports.
● Year-on-year decline is slight, averaging around 0.3% per year.
● Over this five-year period, the compound annual growth rate (CAGR) showcases this minor downturn trend substantially.
Future trends to watch for include potential changes in China's domestic production capacities, shifts in consumer preferences towards using domestic products, and any alterations in global trade policies that may impact import figures. Monitoring these factors could alter the forecasted downward trend.
