Industry revenue of »retail sale of cultural and recreation goods« in Czechia 2011-2023

Although revenues from the retail sale of cultural and recreation goods in specialised stores are declining in many European countries including Switzerland, Denmark and Finland to name a few, owing to the growing e-commerce landscape, the Czech market is going strong. Revenues are projected to increase from 922 million U.S. dollars in 2011 to 2.7 billion U.S. dollars by 2023. This can be attributed to the wide varieties of products and deep discounting strategies offered by the brick and mortar retailers. Additionally, growth in the disposable income of consumers has also augured well for the sector.

The sector is divided into five segments and majority of the revenue is generated from the sale of sporting equipment. Newspaper and stationery retail is the second largest segment, followed by games and toys retail, books retail and finally, music and video recordings retail. All have witnessed strong growth over the years, apart from the latter, with revenues declining 60 percent between 2011-2019. This is due to the declining popularity of DVD’s and Blu-ray discs, owing to the growth of SVOD and OTT services.

Industry revenue of »retail sale of cultural and recreation goods« in Czechia from 2011 to 2023

Exclusive Corporate Account feature

To view this statistic you need a Corporate Account, which includes the following benefits

  • Access to all content
  • Download as XLS, PPT, PNG and PDF
  • Detailed source and background information
Corporate Account
$700 per month*
(billed annually)
* Prices do not include sales tax.
Show detailed source information?
Register for free
Already a member?
Log in
Sources

Supplementary notes

* Estimate - This also applies for past years as data provided by statistical institutions often is not available for more recent years.

Currency conversion factor: (EUR -> USD) = 1.186

The industry classification is based on the NACE Rev.2 - system in Czechia. The industry “retail sale of cultural and recreation goods in specialised stores“ has the code “G476“.

Details on the methodology can be found here.

Please visit here for more information on Statista market forecasts.

Use Statista now: unlimited access to all content

Statistics on "Economic Outlook Czech Republic"

Further Content: You might find this interesting as well

Statistics

Use Statista now: unlimited access to all content
Learn more about how Statista can support your business.