The UK Now Largest Consumer of Golf Clubs In The EU

HONG KONG - April 17, 2015 - PRLog -- Golf equipment is a premium segment product. At the same time, it is also used in high turnover institutions, such as sport schools and country clubs, which spares it from the financial fluctuations of the current EU economic crisis. Driven by the growing demand for quality products, the share of domestic supply in Europe increased over the last 5 years (from 9% to 15%).

The European Union is a net importer of golf equipment. In physical terms, imports consistently exceeded exports from 2007-2013. However, the difference in the trade balance was less significant in value terms due to high export prices.

When calculating consumption in the EU countries, the leading consuming EU markets were the United Kingdom (43%), France (8%), Germany (7%), Sweden (6%) and Denmark (4%), which together accounted for approximately 67% of total consumption in 2013. The UK and France were also the leading producers of golf clubs and other golf equipment.

In 2013, the EU golf clubs and other golf equipment consumption decreased by 4%. The highest annual growth rates from 2007-2013 were registered in Belgium with 36% growth, Germany and Finland, both with 4% growth.

In France, per capita golf clubs and other golf equipment consumption was stable at 0.69 EUR/year (2013 data, 0.69 EUR/year in 2007). In Belgium, consumption has grown rapidly in recent years. In 2013, Belgium's per capita consumption reached 1.50 EUR/year (close to the EU-average of 1.13 EUR/year) as compared with 0.25 EUR/year in 2007.