Czech Republic: Golf Equipment Market 2024

Golf Equipment Market Size in the Czech Republic

The Czech golf equipment market was finally on the rise to reach $X in 2022, after two years of decline. The market value increased at an average annual rate of +3.8% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a lower figure.

Golf Equipment Exports

Exports from the Czech Republic

In 2022, the amount of golf clubs and other golf equipment exported from the Czech Republic soared to X units, growing by 89% on the year before. In general, exports showed significant growth. The growth pace was the most rapid in 2013 with an increase of 321% against the previous year. The exports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, golf equipment exports skyrocketed to $X in 2022. Over the period under review, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 307%. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in the near future.

Exports by Country

Germany (X units), Poland (X units) and Slovakia (X units) were the main destinations of golf equipment exports from the Czech Republic, with a combined 86% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +48.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Poland ($X) and Austria ($X) appeared to be the largest markets for golf equipment exported from the Czech Republic worldwide, together accounting for 90% of total exports.

Poland, with a CAGR of +64.7%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average golf equipment export price stood at $X per unit in 2022, picking up by 13% against the previous year. Over the period under review, the export price recorded a temperate increase. The most prominent rate of growth was recorded in 2021 an increase of 98% against the previous year. The export price peaked at $X per unit in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Austria ($X per unit), while the average price for exports to Slovakia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Georgia (+84.2%), while the prices for the other major destinations experienced more modest paces of growth.

Golf Equipment Imports

Imports into the Czech Republic

In 2022, after two years of decline, there was significant growth in overseas purchases of golf clubs and other golf equipment, when their volume increased by 48% to X units. Over the period under review, total imports indicated prominent growth from 2012 to 2022: its volume increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, imports attained the maximum at X units in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, golf equipment imports rose sharply to $X in 2022. Overall, total imports indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +6.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +60.0% against 2017 indices. The most prominent rate of growth was recorded in 2013 with an increase of 23%. Imports peaked in 2022 and are likely to see steady growth in the near future.

Imports by Country

China (X units), the Netherlands (X units) and Germany (X units) were the main suppliers of golf equipment imports to the Czech Republic, with a combined 65% share of total imports. The UK, Slovakia, Poland, Taiwan (Chinese), Japan, the United States and South Korea lagged somewhat behind, together comprising a further 31%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +49.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest golf equipment suppliers to the Czech Republic were China ($X), Germany ($X) and the UK ($X), with a combined 67% share of total imports. The Netherlands, Poland, Slovakia, Japan, the United States, Taiwan (Chinese) and South Korea lagged somewhat behind, together accounting for a further 30%.

In terms of the main suppliers, Poland, with a CAGR of +55.8%, saw 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 2022, the average golf equipment import price amounted to $X per unit, shrinking by -24.6% against the previous year. In general, import price indicated a modest increase from 2012 to 2022: its price increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 an increase of 61% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2021, and then contracted rapidly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per unit), while the price for Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+10.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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