In 2023, the import of golf balls to India was valued at approximately 1.720 million USD. The forecast shows a gradual increase: 2024 (1.794 million USD), 2025 (1.869 million USD), 2026 (1.942 million USD), 2027 (2.013 million USD), and 2028 (2.084 million USD). This consistent upward trajectory indicates a year-on-year growth rate averaging between 4-5%. The compound annual growth rate (CAGR) over this five-year period is about 4.0%.
Future trends to watch for:
- Increasing popularity of golf as a sport and recreation in India could bolster imports.
- Economic fluctuations or policy changes in trade could impact import trends.
- Advances in local golf manufacturing could moderate the rate of import growth.