Europe: Sportswear Market 2024

Sportswear Market Size in Europe

The Europe sportswear market expanded remarkably to $X in 2021, increasing by 8.8% against the previous year. Overall, consumption showed a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Sportswear Production in Europe

In value terms, sportswear production surged to $X in 2021 estimated in export price. Overall, production, however, showed a abrupt descent. Over the period under review, production attained the peak level at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

Sportswear Exports

Exports in Europe

Sportswear exports amounted to X units in 2021, surging by 15% on 2020. The total export volume increased at an average annual rate of +3.4% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, sportswear exports surged to $X in 2021. The total export value increased at an average annual rate of +3.7% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, Germany (X units), followed by France (X units), Belgium (X units), Italy (X units), Spain (X units), the Netherlands (X units) and Poland (X units) were the main exporters of track suits, ski suits and swimwear, together achieving 70% of total exports. Greece (X units), Bulgaria (X units), the UK (X units), Albania (X units), Croatia (X units) and Serbia (X units) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Serbia (with a CAGR of +24.1%), while the other leaders experienced more modest paces of growth.

In value terms, the largest sportswear supplying countries in Europe were Germany ($X), Italy ($X) and France ($X), with a combined 43% share of total exports. These countries were followed by the Netherlands, Belgium, Poland, Spain, the UK, Croatia, Bulgaria, Greece, Albania and Serbia, which together accounted for a further 40%.

Albania, with a CAGR of +23.1%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Europe stood at $X per unit in 2021, picking up by 1.8% against the previous year. In general, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the export price increased by 17% against the previous year. The level of export peaked in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was the UK ($X per unit), while Greece ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+10.0%), while the other leaders experienced more modest paces of growth.

Sportswear Imports

Imports in Europe

In 2021, imports of track suits, ski suits and swimwear in Europe amounted to X units, picking up by 6.2% on the previous year. The total import volume increased at an average annual rate of +1.5% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when imports increased by 12%. The volume of import peaked at X units in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, sportswear imports rose markedly to $X in 2021. The total import value increased at an average annual rate of +2.9% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The purchases of the twelve major importers of track suits, ski suits and swimwear, namely Germany, Italy, France, the UK, Spain, the Netherlands, Belgium, Poland, Russia, Greece, Denmark and Austria, represented more than two-thirds of total import.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Belgium (with a CAGR of +14.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the UK ($X) and France ($X) appeared to be the countries with the highest levels of imports in 2021, with a combined 37% share of total imports. These countries were followed by Italy, Spain, the Netherlands, Poland, Belgium, Russia, Austria, Denmark and Greece, which together accounted for a further 43%.

In terms of the main importing countries, Poland, with a CAGR of +9.8%, 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 2021, the import price in Europe amounted to $X per unit, surging by 6.1% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.4%. The most prominent rate of growth was recorded in 2020 when the import price increased by 12%. The level of import peaked in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Austria ($X per unit), while Greece ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+7.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform