Czech Republic: Golf Equipment Market Overview 2021

Golf Equipment Market Size in the Czech Republic

The Czech golf equipment market surged to $X in 2020, growing by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +X% from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2011 with an increase of X% year-to-year. Golf equipment consumption peaked at $X in 2014; however, from 2015 to 2020, consumption remained at a lower figure.

Golf Equipment Exports

Exports from the Czech Republic

In 2020, exports of golf clubs and other golf equipment from the Czech Republic expanded significantly to X tonnes, with an increase of X% against the previous year's figure. In general, exports continue to indicate resilient growth. The pace of growth was the most pronounced in 2009 with an increase of X% y-o-y. Over the period under review, exports attained the maximum in 2020 and are likely to see steady growth in the near future.

In value terms, golf equipment exports fell modestly to $X in 2020. Over the period under review, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of X% y-o-y. Exports peaked at $X in 2019, and then declined slightly in the following year.

Exports by Country

Germany (X tonnes), Slovakia (X tonnes) and the UK (X tonnes) were the main destinations of golf equipment exports from the Czech Republic, together accounting for X% of total exports. Austria, Belgium, Poland and Italy lagged somewhat behind, together accounting for a further X 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Belgium, while exports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the key foreign market for golf equipment exports from the Czech Republic, comprising X% of total exports. The second position in the ranking was occupied by Slovakia ($X), with a X% share of total exports. It was followed by Austria, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value to Germany totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovakia (-X% per year) and Austria (+X% per year).

Export Prices by Country

In 2020, the average golf equipment export price amounted to $X per tonne, shrinking by -X% against the previous year. In general, the export price saw a pronounced setback. The pace of growth appeared the most rapid in 2011 when the average export price increased by X% y-o-y. As a result, export price attained the peak level of $X per tonne. from 2012 to 2020, the growth in terms of the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2020, the country with the highest price was Austria ($X per tonne), while the average price for exports to Belgium ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Poland, while the prices for the other major destinations experienced a decline.

Golf Equipment Imports

Imports into the Czech Republic

In 2020, supplies from abroad of golf clubs and other golf equipment increased by X% to X tonnes, rising for the third consecutive year after three years of decline. In general, total imports indicated a strong increase from 2007 to 2020: its volume increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, imports increased by +X% against 2017 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, golf equipment imports soared to $X in 2020. The total import value increased at an average annual rate of +X% from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2020, China (X tonnes) constituted the largest supplier of golf equipment to the Czech Republic, accounting for a X% share of total imports. Moreover, golf equipment imports from China exceeded the figures recorded by the second-largest supplier, the UK (X tonnes), sixfold. South Korea (X tonnes) ranked third in terms of total imports with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume from China stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (-X% per year) and South Korea (+X% per year).

In value terms, China ($X), the UK ($X) and Germany ($X) constituted the largest golf equipment suppliers to the Czech Republic, together comprising X% of total imports. Japan, Poland, South Korea and Taiwan (Chinese) lagged somewhat behind, together comprising a further X terms of the main suppliers, South Korea saw the highest growth rate of 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 2020, the average golf equipment import price amounted to $X per tonne, shrinking by -X% against the previous year. Over the period under review, the import price recorded a slight reduction. The most prominent rate of growth was recorded in 2012 when the average import price increased by X% y-o-y. Over the period under review, average import prices hit record highs at $X per tonne in 2018; however, from 2019 to 2020, import prices failed to regain the momentum.

Prices varied noticeably by the country of origin; the country with the highest price was Germany ($X per tonne), while the price for South Korea ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by the UK, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for golf clubs and other golf equipment in the world?

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India (57K tonnes) constituted the country with the largest volume of golf equipment consumption, comprising approx. 29% of total volume. Moreover, golf equipment consumption in India exceeded the figures recorded by the second-largest consumer, China (25K tonnes), twofold. The third position in this ranking was occupied by the U.S. (18K tonnes), with a 9.4% share.

What are the largest producers of golf clubs and other golf equipment in the world?

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The countries with the highest volumes of golf equipment production in 2020 were India (57K tonnes), China (39K tonnes) and Taiwan (Chinese) (18K tonnes), with a combined 64% share of global production.

What are the leading suppliers of golf clubs and other golf equipment to the Czech Republic?

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In value terms, the largest golf equipment suppliers to the Czech Republic were China ($3M), the UK ($1.8M) and Germany ($1.1M), with a combined 77% share of total imports. Japan, Poland, South Korea and Taiwan (Chinese) lagged somewhat behind, together accounting for a further 11%.

What are the leading importers of golf clubs and other golf equipment from the Czech Republic?

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In value terms, Germany ($136K) remains the key foreign market for golf equipment exports from the Czech Republic, comprising 50% of total exports. The second position in the ranking was occupied by Slovakia ($30K), with a 11% share of total exports. It was followed by Austria, with a 11% share.

What is the average export price for golf clubs and other golf equipment in the Czech Republic?

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The average golf equipment export price stood at $21,484 per tonne in 2020, which is down by -9.9% against the previous year.

What is the average import price for golf clubs and other golf equipment in the Czech Republic?

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The average golf equipment import price stood at $23,159 per tonne in 2020, declining by -31.3% against the previous year.