Czech Republic: Golf Equipment Market Overview 2021

Golf Equipment Market Size in the Czech Republic

The Czech golf equipment market reduced to $X in 2019, with a decrease of -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). Over the period under review, consumption recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2011 with an increase of X% y-o-y. Golf equipment consumption peaked at $X in 2014; however, from 2015 to 2019, consumption failed to regain the momentum.

Golf Equipment Exports

Exports from the Czech Republic

In 2019, shipments abroad of golf clubs and other golf equipment was finally on the rise to reach X tonnes for the first time since 2015, thus ending a three-year declining trend. Over the period under review, exports posted moderate growth. The pace of growth appeared the most rapid in 2015 when exports increased by X% y-o-y. As a result, exports reached the peak of X tonnes. From 2016 to 2019, the growth exports failed to regain the momentum.

In value terms, golf equipment exports declined to $X in 2019. In general, exports continue to indicate a slight slump. The most prominent rate of growth was recorded in 2011 when exports increased by X% y-o-y. Over the period under review, exports hit record highs at $X in 2016; however, from 2017 to 2019, exports stood at a somewhat lower figure.

Exports by Country

Slovakia (X tonnes) was the main destination for golf equipment exports from the Czech Republic, accounting for a X% share of total exports. Moreover, golf equipment exports to Slovakia exceeded the volume sent to the second major destination, Germany (X tonnes), threefold. The third position in this ranking was occupied by the Netherlands (X tonnes), with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of volume to Slovakia totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+X% per year) and the Netherlands (+X% per year).

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 the Netherlands, with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of value to Germany stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovakia (-X% per year) and the Netherlands (+X% per year).

Export Prices by Country

The average golf equipment export price stood at $X per tonne in 2019, dropping by -X% against the previous year. Overall, the export price saw a perceptible descent. The pace of growth appeared the most rapid in 2016 an increase of X% against the previous year. Over the period under review, average export prices attained the maximum at $X per tonne in 2014; however, from 2015 to 2019, export prices failed to regain the momentum.

Prices varied noticeably by the country of destination; the country with the highest price was Austria ($X per tonne), while the average price for exports to Slovakia ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Austria, while the prices for the other major destinations experienced mixed trend patterns.

Golf Equipment Imports

Imports into the Czech Republic

Golf equipment imports into the Czech Republic declined slightly to X tonnes in 2019, reducing by -X% on the previous year. Overall, imports showed a slight decline. The most prominent rate of growth was recorded in 2009 when imports increased by X% y-o-y. Over the period under review, imports reached the peak figure at X tonnes in 2014; however, from 2015 to 2019, imports stood at a somewhat lower figure.

In value terms, golf equipment imports shrank to $X in 2019. In general, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2011 with an increase of X% year-to-year. Imports peaked at $X in 2014; however, from 2015 to 2019, imports failed to regain the momentum.

Imports by Country

In 2019, China (X tonnes) constituted the largest golf equipment supplier to the Czech Republic, with 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), fivefold. The third position in this ranking was occupied by South Korea (X tonnes), with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of volume from China totaled +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 ($X) constituted the largest supplier of golf equipment to the Czech Republic, comprising X% of total imports. The second position in the ranking was occupied by the UK ($X), with a X% share of total imports. It was followed by Germany, with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of value from China stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+X% per year) and Germany (+X% per year).

Import Prices by Country

The average golf equipment import price stood at $X per tonne in 2019, which is down by -X% against the previous year. Over the period from 2007 to 2019, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2012 an increase of X% against the previous year. The import price peaked at $X per tonne in 2018, and then declined slightly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2019, 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 2019, the most notable rate of growth in terms of prices was attained by Germany, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

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

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The countries with the highest volumes of golf equipment consumption in 2019 were China (25K tonnes), Taiwan (Chinese) (19K tonnes) and India (18K tonnes), together accounting for 37% of global consumption.

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

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China (41K tonnes) constituted the country with the largest volume of golf equipment production, accounting for 29% of total volume. Moreover, golf equipment production in China exceeded the figures recorded by the second-largest producer, Taiwan (Chinese) (18K tonnes), twofold. The third position in this ranking was occupied by India (18K tonnes), with a 13% share.

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

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In value terms, China ($2.6M) constituted the largest supplier of golf equipment to the Czech Republic, comprising 47% of total imports. The second position in the ranking was occupied by the UK ($1.3M), with a 22% share of total imports. It was followed by Germany, with a 12% share.

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

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In value terms, Germany ($90K) remains the key foreign market for golf equipment exports from the Czech Republic, comprising 42% of total exports. The second position in the ranking was occupied by Slovakia ($35K), with a 16% share of total exports. It was followed by the Netherlands, with a 16% share.

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

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In 2019, the average golf equipment export price amounted to $23,377 per tonne, declining by -7.5% 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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In 2019, the average golf equipment import price amounted to $34,781 per tonne, which is down by -3.5% against the previous year.