Czech Republic: Bicycle Lighting Market 2024

Bicycle Lighting Market Size in the Czech Republic

In 2021, the Czech bicycle lighting market was finally on the rise to reach $X after two years of decline. In general, consumption posted a buoyant increase. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market remained at a somewhat lower figure.

Bicycle Lighting Exports

Exports from the Czech Republic

In 2021, shipments abroad of electrical or battery operated lighting or visual signalling for bicycles decreased by -42.4% to X units, falling for the second year in a row after two years of growth. In general, exports, however, continue to indicate strong growth. The pace of growth was the most pronounced in 2016 when exports increased by 114%. The exports peaked at X units in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, bicycle lighting exports soared to $X in 2021. Overall, exports, however, recorded a significant expansion. The growth pace was the most rapid in 2016 with an increase of 106%. Over the period under review, the exports reached the peak figure in 2021 and are likely to see gradual growth in years to come.

Exports by Country

Germany (X units), Slovakia (X units) and Poland (X units) were the main destinations of bicycle lighting exports from the Czech Republic, together accounting for 64% of total exports. Hungary, Romania, Greece, Bulgaria, Slovenia, Austria and Japan lagged somewhat behind, together accounting for a further 21%.

From 2012 to 2021, the biggest increases were recorded for Japan (with a CAGR of +92.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the key foreign market for electrical or battery operated lighting or visual signalling for bicycles exports from the Czech Republic, comprising 40% of total exports. The second position in the ranking was held by Slovakia ($X), with a 19% share of total exports. It was followed by Poland, with an 8.4% share.

From 2012 to 2021, the average annual growth rate of value to Germany amounted to +77.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovakia (+14.7% per year) and Poland (+9.6% per year).

Export Prices by Country

In 2021, the average bicycle lighting export price amounted to $X per unit, jumping by 125% against the previous year. Overall, the export price saw a resilient increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Austria ($X per unit), while the average price for exports to Bulgaria ($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 Hungary (+19.8%), while the prices for the other major destinations experienced more modest paces of growth.

Bicycle Lighting Imports

Imports into the Czech Republic

In 2021, approx. X units of electrical or battery operated lighting or visual signalling for bicycles were imported into the Czech Republic; with an increase of 26% against the previous year's figure. In general, imports recorded a strong increase. The growth pace was the most rapid in 2019 when imports increased by 78%. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in the near future.

In value terms, bicycle lighting imports skyrocketed to $X in 2021. Over the period under review, imports continue to indicate a resilient expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X units) constituted the largest supplier of bicycle lighting to the Czech Republic, accounting for a 44% share of total imports. Moreover, bicycle lighting imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), twofold. The third position in this ranking was taken by the Netherlands (X units), with a 13% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +14.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+11.4% per year) and the Netherlands (+9.9% per year).

In value terms, Germany ($X), China ($X) and the Netherlands ($X) were the largest bicycle lighting suppliers to the Czech Republic, with a combined 75% share of total imports. These countries were followed by Hong Kong SAR, Taiwan (Chinese), Poland, France and Slovakia, which together accounted for a further 19%.

Poland, with a CAGR of +89.5%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average bicycle lighting import price stood at $X per unit in 2021, rising by 28% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.0%. Over the period under review, average import prices hit record highs at $X per unit in 2017; however, from 2018 to 2021, import prices stood at a somewhat lower figure.

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 Taiwan (Chinese) ($X per unit), while the price for Slovakia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+9.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :