The Golf Balls Market Size Value per capita in China showed stability from 2013 to 2018, oscillating between $0.13 and $0.14, then saw a gradual uptick from 2019 onward. In 2023, it stood at $0.16, maintaining the level observed since 2022, marking a consistent phase reflecting a growing interest in golf. Over the last two years, the market has not changed, exhibiting a flat year-on-year variation. However, the compound annual growth rate (CAGR) over the past five years (2018-2023) shows a positive trend, indicating a slight annual growth in market penetration and consumer spending.
Looking forward, key trends to watch include the expansion of golf as a recreational sport among younger demographics, and increased marketing efforts by brands to capitalize on a burgeoning middle class. Furthermore, technological advancements in golf ball design and sustainable manufacturing may further influence market dynamics positively.
| # | 19 Countries | US Dollars Per Capita | Last Year | |||
|---|---|---|---|---|---|---|
| 1 | 1 South Korea | 6.12 | 2023 | View data | ||
| 2 | 2 Sweden | 3.74 | 2023 | View data | ||
| 3 | 3 Australia | 3.7 | 2023 | View data | ||
| 4 | 4 Japan | 3.49 | 2023 | View data | ||
| 5 | 5 New Zealand | 2.29 | 2023 | View data | ||
| 12 | 12 Switzerland | 1.27 | 2023 | View data | ||
| 13 | 13 Spain | 0.41 | 2023 | View data | ||
| 14 | 14 China | 0.16 | 2023 | |||
| 15 | 15 Portugal | 0.15 | 2023 | View data | ||
| 16 | 16 Costa Rica | 0.099 | 2023 | View data | ||
