The golf balls market size per capita in Norway has seen a gradual decline from 2013 ($1.92) to 2023 ($1.56). Notable decreases occurred in 2018-2019 and 2019-2020. However, a slight rebound was observed in 2021 before stabilizing through 2023. The year-on-year variation analysis reveals a deceleration over the last two years with minor fluctuations. Over the past five years, the compound annual growth rate (CAGR) shows a consistent average decline, reflecting changing consumer preferences.
Future trends to watch for include technological advancements in golf ball design, increasing environmental concerns, and the impact of economic conditions on consumer spending. The focus should shift to sustainability and innovation to revitalize market growth.
| # | 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 | ||
| 9 | 9 Ireland | 1.83 | 2023 | View data | ||
| 10 | 10 Denmark | 1.6 | 2023 | View data | ||
| 11 | 11 Norway | 1.56 | 2023 | |||
| 12 | 12 Switzerland | 1.27 | 2023 | View data | ||
| 13 | 13 Spain | 0.41 | 2023 | View data | ||
