Czech Republic: Bicycle Market 2025

Bicycle Market Size in the Czech Republic

After two years of growth, the Czech bicycle market decreased by -37.3% to $X in 2021. Overall, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2020, and then contracted rapidly in the following year.

Bicycle Production in the Czech Republic

In value terms, bicycle production rose significantly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +4.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2019 with an increase of 28%. Over the period under review, production hit record highs in 2021 and is likely to continue growth in years to come.

Bicycle Exports

Exports from the Czech Republic

In 2021, shipments abroad of bicycles and other cycles decreased by -6.2% to X units, falling for the seventh consecutive year after three years of growth. Over the period under review, exports recorded a noticeable contraction. The pace of growth was the most pronounced in 2013 with an increase of 8.9% against the previous year. Over the period under review, the exports reached the maximum at X units in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, bicycle exports stood at $X in 2021. The total export value increased at an average annual rate of +1.8% over the period from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when exports increased by 19% against the previous year. The exports peaked in 2021 and are likely to continue growth in the near future.

Exports by Country

The Netherlands (X units), Germany (X units) and Slovakia (X units) were the main destinations of bicycle exports from the Czech Republic, together comprising 70% of total exports. These countries were followed by Austria, Poland, Hungary and Belgium, which together accounted for a further 20%.

From 2012 to 2021, the biggest increases were recorded for Hungary (with a CAGR of +24.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the Netherlands ($X) and Slovakia ($X) constituted the largest markets for bicycle exported from the Czech Republic worldwide, together comprising 64% of total exports. These countries were followed by Austria, Poland, Hungary and Belgium, which together accounted for a further 23%.

Among the main countries of destination, Hungary, with a CAGR of +26.9%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average bicycle export price stood at $X per unit in 2021, rising by 12% against the previous year. Over the period under review, export price indicated noticeable growth from 2012 to 2021: its price increased at an average annual rate of +4.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, bicycle export price increased by +69.4% against 2015 indices. The growth pace was the most rapid in 2018 when the average export price increased by 23% against the previous year. The export price peaked in 2021 and is likely to continue growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Poland ($X per unit), while the average price for exports to Belgium ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+8.8%), while the prices for the other major destinations experienced more modest paces of growth.

Bicycle Imports

Imports into the Czech Republic

In 2021, bicycle imports into the Czech Republic shrank to X units, which is down by -2.5% against the previous year's figure. The total import volume increased at an average annual rate of +2.4% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2018 when imports increased by 14%. As a result, imports reached the peak of X units. From 2019 to 2021, the growth of imports remained at a lower figure.

In value terms, bicycle imports expanded rapidly to $X in 2021. Overall, total imports indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +6.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +82.0% against 2015 indices. The pace of growth was the most pronounced in 2014 when imports increased by 21%. Imports peaked in 2021 and are likely to see gradual growth in the near future.

Imports by Country

Poland (X units), Taiwan (Chinese) (X units) and Slovakia (X units) were the main suppliers of bicycle imports to the Czech Republic, together comprising 54% of total imports. Germany, Austria, the Netherlands, Belgium, the Philippines, Indonesia, Sri Lanka, Italy, Spain and China lagged somewhat behind, together comprising a further 39%.

From 2012 to 2021, the biggest increases were recorded for Belgium (with a CAGR of +72.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest bicycle suppliers to the Czech Republic were Poland ($X), the Netherlands ($X) and Germany ($X), together comprising 54% of total imports. These countries were followed by Taiwan (Chinese), Belgium, Slovakia, Austria, Spain, Italy, Indonesia, the Philippines, Sri Lanka and China, which together accounted for a further 41%.

In terms of the main suppliers, Belgium, with a CAGR of +87.9%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average bicycle import price amounted to $X per unit, jumping by 18% against the previous year. Over the last nine years, it increased at an average annual rate of +3.9%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the Netherlands ($X per unit), while the price for Sri Lanka ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+11.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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