In 2023, the import of golf equipment (excluding balls and clubs) to the UK amounted to 137.72 million USD. The forecast for 2024 indicates a rise to 139.39 million USD, marking a 1.21% year-on-year increase. The growth trend continues with increments of approximately 1.21% annually through 2028, reaching 145.94 million USD by the end of the period. The five-year compound annual growth rate (CAGR) is projected at 1.45%.
Future trends to watch for:
- Impact of economic factors like exchange rates and inflation on import values.
- Shifts in consumer preferences towards innovative and sustainable golf equipment.
- Effects of any trade agreements or policy changes post-Brexit on import dynamics.