U.S.: Market for Sporting And Athletic Goods 2024

Market Size for Sporting And Athletic Goods in the U.S.

In 2022, the U.S. sporting and athletic goods market decreased by X% to $X for the first time since 2019, thus ending a two-year rising trend. In general, consumption, however, saw significant growth. Over the period under review, the market reached the peak level at $X.8B in 2021, and then declined rapidly in the following year.

Production of Sporting And Athletic Goods in the U.S.

In value terms, sporting and athletic goods production fell slightly to $X in 2022. The total output value increased at an average annual rate of X% over the period from 2013 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when the production volume increased by X%. Sporting and athletic goods production peaked at $X in 2021, and then fell slightly in the following year.

Exports of Sporting And Athletic Goods

Exports from the U.S.

In 2022, after four years of growth, there was decline in overseas shipments of sporting and athletic goods, when their volume decreased by X% to X tons. Over the period under review, exports, however, showed a significant expansion. The pace of growth was the most pronounced in 2020 when exports increased by X%. The exports peaked at X tons in 2021, and then dropped modestly in the following year.

In value terms, sporting and athletic goods exports expanded markedly to $X in 2022. The total export value increased at an average annual rate of X% over the period from 2013 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. The exports peaked in 2022 and are likely to see steady growth in years to come.

Exports by Country

Mexico (X tons) was the main destination for sporting and athletic goods exports from the United States, with a X% share of total exports. Moreover, sporting and athletic goods exports to Mexico exceeded the volume sent to the second major destination, Japan (X tons), fourfold. Canada (X tons) ranked third in terms of total exports with a X% share.

From 2013 to 2022, the average annual rate of growth in terms of volume to Mexico stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (X% per year) and Canada (X% per year).

In value terms, Canada ($X) remains the key foreign market for sporting and athletic goods exports from the United States, comprising X% of total exports. The second position in the ranking was taken by Mexico ($X), with an X% share of total exports. It was followed by Japan, with a X% share.

From 2013 to 2022, the average annual growth rate of value to Canada stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (X% per year) and Japan (X% per year).

Export Prices by Country

In 2022, the average sporting and athletic goods export price amounted to $X per kg, growing by X% against the previous year. Over the period under review, the export price, however, saw a precipitous decrease. The growth pace was the most rapid in 2017 when the average export price increased by X%. Over the period under review, the average export prices hit record highs at $X per kg in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($X per kg), while the average price for exports to Uruguay ($X per kg) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (X%), while the prices for the other major destinations experienced a decline.

Imports of Sporting And Athletic Goods

Imports into the U.S.

In 2022, after five years of growth, there was significant decline in purchases abroad of sporting and athletic goods, when their volume decreased by X% to X tons. Overall, imports, however, recorded a significant increase. The growth pace was the most rapid in 2020 when imports increased by X% against the previous year. Imports peaked at X tons in 2021, and then dropped sharply in the following year.

In value terms, sporting and athletic goods imports declined to $X in 2022. Over the period under review, imports, however, saw a buoyant expansion. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of $X, and then declined in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest sporting and athletic goods supplier to the United States, with a X% share of total imports. Moreover, sporting and athletic goods imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), sixfold. The third position in this ranking was held by Vietnam (X tons), with a X% share.

From 2013 to 2022, 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: Taiwan (Chinese) (X% per year) and Vietnam (X% per year).

In value terms, China ($X) constituted the largest supplier of sporting and athletic goods to the United States, comprising X% of total imports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a X% share of total imports. It was followed by Vietnam, with a X% share.

From 2013 to 2022, the average annual growth rate of value from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (X% per year) and Vietnam (X% per year).

Import Prices by Country

In 2022, the average sporting and athletic goods import price amounted to $X per kg, jumping by X% against the previous year. Overall, the import price, however, recorded a significant curtailment. Over the period under review, average import prices attained the maximum at $X per kg in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Vietnam ($X per kg), while the price for China ($X per kg) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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