Czech Republic: Bracelet Market 2024

Bracelet Market Size in the Czech Republic

The Czech bracelet market surged to $X in 2022, increasing by 61% against the previous year. In general, consumption continues to indicate a resilient expansion. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

Bracelet Production in the Czech Republic

In value terms, bracelet production soared to $X in 2022 estimated in export price. Overall, production, however, saw a relatively flat trend pattern. Over the period under review, production reached the peak level at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

Bracelet Exports

Exports from the Czech Republic

In 2022, approx. X units of watch straps, bands and bracelets were exported from the Czech Republic; with an increase of 1,300% on 2021. Overall, exports continue to indicate a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, bracelet exports soared to $X in 2022. Over the period under review, exports showed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany (X units) was the main destination for bracelet exports from the Czech Republic, with a 65% share of total exports. Moreover, bracelet exports to Germany exceeded the volume sent to the second major destination, France (X units), more than tenfold. Poland (X units) ranked third in terms of total exports with a 4.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany amounted to +101.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+76.3% per year) and Poland (+40.9% per year).

In value terms, Germany ($X) remains the key foreign market for watch straps, bands and bracelets exports from the Czech Republic, comprising 55% of total exports. The second position in the ranking was taken by France ($X), with a 7.5% share of total exports. It was followed by Poland, with a 5.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany totaled +89.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+65.7% per year) and Poland (+38.8% per year).

Export Prices by Country

The average bracelet export price stood at $X per unit in 2022, declining by -17.1% against the previous year. In general, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 57%. The export price peaked at $X per unit in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Austria ($X per unit), while the average price for exports to Belgium ($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 Belgium (+11.6%), while the prices for the other major destinations experienced more modest paces of growth.

Bracelet Imports

Imports into the Czech Republic

In 2022, imports of watch straps, bands and bracelets into the Czech Republic surged to X units, picking up by 811% against 2021 figures. Over the period under review, imports posted a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, bracelet imports soared to $X in 2022. Overall, imports saw a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X units) was the main bracelet supplier to the Czech Republic, with a 94% share of total imports. It was followed by the UK (X units), with a 2% share of total imports. Taiwan (Chinese) (X units) ranked third in terms of total imports with a 1.6% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +32.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+151.0% per year) and Taiwan (Chinese) (+173.1% per year).

In value terms, China ($X) constituted the largest supplier of watch straps, bands and bracelets to the Czech Republic, comprising 90% of total imports. The second position in the ranking was held by the UK ($X), with a 2.5% share of total imports. It was followed by Taiwan (Chinese), with a 1.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +39.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+145.8% per year) and Taiwan (Chinese) (+200.7% per year).

Import Prices by Country

The average bracelet import price stood at $X per unit in 2022, reducing by -12.8% against the previous year. In general, import price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, bracelet import price decreased by -18.0% against 2020 indices. The pace of growth appeared the most rapid in 2013 an increase of 40%. Over the period under review, average import prices hit record highs at $X per unit in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+10.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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