Czech Republic: Market for Tennis, Badminton Or Similar Rackets 2024

Market Size for Tennis, Badminton Or Similar Rackets in the Czech Republic

In 2022, the Czech tennis and badminton rackets market decreased by -33.5% to $X for the first time since 2017, thus ending a four-year rising trend. Over the period under review, consumption, however, continues to indicate a noticeable expansion. Over the period under review, the market hit record highs at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Exports of Tennis, Badminton Or Similar Rackets

Exports from the Czech Republic

In 2022, overseas shipments of tennis, badminton or similar rackets increased by 18% to X units, rising for the fourth consecutive year after two years of decline. Overall, exports continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2016 with an increase of 111%. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, tennis and badminton rackets exports shrank remarkably to $X in 2022. In general, exports saw a remarkable increase. The most prominent rate of growth was recorded in 2016 when exports increased by 134%. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X units) was the main destination for tennis and badminton rackets exports from the Czech Republic, with a 40% share of total exports. Moreover, tennis and badminton rackets exports to Germany exceeded the volume sent to the second major destination, Slovakia (X units), twofold. The third position in this ranking was held by Switzerland (X units), with a 16% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany amounted to +26.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovakia (+1.0% per year) and Switzerland (+238.1% per year).

In value terms, the largest markets for tennis and badminton rackets exported from the Czech Republic were Germany ($X), Switzerland ($X) and Slovakia ($X), with a combined 75% share of total exports.

Switzerland, with a CAGR of +250.3%, recorded the highest growth rate of 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 tennis and badminton rackets export price stood at $X per unit in 2022, reducing by -40.6% against the previous year. Over the period under review, the export price continues to indicate a perceptible setback. The growth pace was the most rapid in 2018 an increase of 23%. As a result, the export price reached the peak level of $X per unit. From 2019 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Switzerland ($X per unit), while the average price for exports to Poland ($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 Switzerland (+2.1%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Tennis, Badminton Or Similar Rackets

Imports into the Czech Republic

In 2022, after four years of growth, there was significant decline in supplies from abroad of tennis, badminton or similar rackets, when their volume decreased by -33.5% to X units. Overall, imports, however, saw a strong increase. The growth pace was the most rapid in 2013 with an increase of 109%. Imports peaked at X units in 2021, and then declined rapidly in the following year.

In value terms, tennis and badminton rackets imports expanded markedly to $X in 2022. In general, total imports indicated temperate growth from 2012 to 2022: its value increased at an average annual rate of +4.8% 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 +71.6% against 2017 indices. The growth pace was the most rapid in 2019 with an increase of 23% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, China (X units) constituted the largest tennis and badminton rackets supplier to the Czech Republic, with a 76% share of total imports. Moreover, tennis and badminton rackets imports from China exceeded the figures recorded by the second-largest supplier, Japan (X units), ninefold. Taiwan (Chinese) (X units) ranked third in terms of total imports with a 3.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +8.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+103.8% per year) and Taiwan (Chinese) (+18.7% per year).

In value terms, China ($X) constituted the largest supplier of tennis, badminton or similar rackets to the Czech Republic, comprising 78% of total imports. The second position in the ranking was held by Japan ($X), with an 8.5% share of total imports. It was followed by Taiwan (Chinese), with a 3.3% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to +4.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+99.0% per year) and Taiwan (Chinese) (+21.0% per year).

Import Prices by Country

In 2022, the average tennis and badminton rackets import price amounted to $X per unit, rising by 65% against the previous year. Over the period under review, the import price, however, continues to indicate a pronounced slump. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Myanmar ($X per unit), while the price for Italy ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+3.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :