The annual per capita expenditure on golf balls in Guatemala showed minor fluctuations from 2013 to 2023, reaching $0.023 in 2023. The period between 2013 and 2015 was stagnant at $0.019, followed by gradual increases until 2017, peaking at $0.025. Over the last two years, it stabilized around $0.023. The Compound Annual Growth Rate (CAGR) over the past five years averaged near zero, reflecting minimal growth. With growth largely plateaued, the market appears mature, with limited expansion opportunities unless driven by external factors.
Future trends to watch:
- Potential growth in leisure sports due to increasing tourism could boost demand.
- Environmental sustainability may push innovations in eco-friendly golf balls.
- Economic shifts impacting disposable income could influence market trends.
| # | 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 | ||
| 16 | 16 Costa Rica | 0.099 | 2023 | View data | ||
| 17 | 17 Slovenia | 0.09 | 2023 | View data | ||
| 18 | 18 Guatemala | 0.023 | 2023 | |||
| 19 | 19 India | 0.004 | 2023 | View data | ||
