Global Sportswear Market 2024

Sportswear Market Size

In 2022, the global sportswear market was finally on the rise to reach $X after two years of decline. In general, consumption saw a slight reduction. Over the period under review, the global market hit record highs at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Sportswear Production

In value terms, sportswear production reduced to $X in 2022 estimated in export price. In general, the total production indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by X% against 2020 indices. The pace of growth was the most pronounced in 2019 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2022, global production growth failed to regain momentum.

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Sportswear Exports

Exports

In 2022, approx. X units of track suits, ski suits and swimwear were exported worldwide; picking up by X% compared with 2021 figures. Overall, total exports indicated a pronounced increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2016 indices. The growth pace was the most rapid in 2019 with an increase of X%. Over the period under review, the global exports attained the peak figure in 2022 and are likely to see steady growth in years to come.

In value terms, sportswear exports totaled $X in 2022. The total export value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when exports increased by X%. The global exports peaked in 2022 and are likely to see steady growth in years to come.

Exports by Country

China prevails in exports structure, recording X units, which was near X% of total exports in 2022. It was distantly followed by Vietnam (X units), committing a X% share of total exports. The following exporters - Bangladesh (X units), Turkey (X units), Cambodia (X units), Sri Lanka (X units), Germany (X units), France (X units), Italy (X units) and Indonesia (X units) - together made up X% of total exports.

Exports from China increased at an average annual rate of X% from 2012 to 2022. At the same time, Bangladesh (X%), Vietnam (X%), Turkey (X%), Sri Lanka (X%), France (X%), Indonesia (X%) and Germany (X%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing exporter exported in the world, with a CAGR of X% from 2012-2022. By contrast, Italy (X%) and Cambodia (X%) illustrated a downward trend over the same period. Vietnam (X p.p.), Bangladesh (X p.p.) and Turkey (X p.p.) significantly strengthened its position in terms of the global exports, while Cambodia saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest sportswear supplier worldwide, comprising X% of global exports. The second position in the ranking was held by Vietnam ($X), with an X% share of global exports. It was followed by Germany, with a X% share.

In China, sportswear exports increased at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Vietnam (X% per year) and Germany (X% per year).

Export Prices by Country

The average sportswear export price stood at $X per unit in 2022, declining by X% against the previous year. In general, export price indicated slight growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 when the average export price increased by X%. Over the period under review, the average export prices hit record highs at $X per unit in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Germany ($X per unit), while China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cambodia (X%), while the other global leaders experienced more modest paces of growth.

Sportswear Imports

Imports

In 2022, approx. X units of track suits, ski suits and swimwear were imported worldwide; with an increase of X% against 2021. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, sportswear imports skyrocketed to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The United States represented the key importer of track suits, ski suits and swimwear in the world, with the volume of imports finishing at X units, which was near X% of total imports in 2022. Germany (X units) held a X% share (based on physical terms) of total imports, which put it in second place, followed by France (X%), Italy (X%) and the UK (X%). Spain (X units), the Netherlands (X units), Russia (X units), Poland (X units), Canada (X units), Australia (X units), Belgium (X units) and Croatia (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to sportswear imports into the United States stood at X%. At the same time, Germany (X%), Spain (X%), France (X%), Croatia (X%), Poland (X%), Russia (X%), Australia (X%), the Netherlands (X%), Canada (X%) and Belgium (X%) displayed positive paces of growth. Moreover, Germany emerged as the fastest-growing importer imported in the world, with a CAGR of X% from 2012-2022. The UK and Italy experienced a relatively flat trend pattern. While the share of Germany (X p.p.), France (X p.p.) and Spain (X p.p.) increased significantly in terms of the global imports from 2012-2022, the share of Italy (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported track suits, ski suits and swimwear worldwide, comprising X% of global imports. The second position in the ranking was taken by Germany ($X), with a X% share of global imports. It was followed by France, with a X% share.

From 2012 to 2022, the average annual growth rate of value in the United States totaled X%. The remaining importing countries recorded the following average annual rates of imports growth: Germany (X% per year) and France (X% per year).

Import Prices by Country

In 2022, the average sportswear import price amounted to $X per unit, growing by X% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per unit. From 2014 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Belgium ($X per unit), while Croatia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (X%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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