Global Sportswear Market 2025

Sportswear Market Size

In 2021, the global sportswear market decreased by -0.1% to $X, falling for the third year in a row after three years of growth. Over the period under review, consumption recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of 9.2% against the previous year. Over the period under review, the global market reached the peak level at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Sportswear Production

In value terms, sportswear production rose slightly to $X in 2021 estimated in export price. In general, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the production volume increased by 6.2% against the previous year. Over the period under review, global production reached the maximum level at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

Sportswear Exports

Exports

Global sportswear exports soared to X units in 2021, jumping by 26% compared with the year before. Over the period under review, total exports indicated a modest expansion from 2012 to 2021: its volume increased at an average annual rate of +1.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +70.6% against 2017 indices. The most prominent rate of growth was recorded in 2019 with an increase of 40%. The global exports peaked in 2021 and are expected to retain growth in years to come.

In value terms, sportswear exports soared to $X in 2021. The total export value increased at an average annual rate of +3.5% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

China dominates exports structure, recording X units, which was near 52% of total exports in 2021. It was distantly followed by Vietnam (X units) and Turkey (X units), together achieving a 14% share of total exports. The following exporters - Cambodia (X units), Bangladesh (X units), Germany (X units), Sri Lanka (X units), Hong Kong SAR (X units), France (X units), Belgium (X units) and Italy (X units) - together made up 20% of total exports.

From 2012 to 2021, average annual rates of growth with regard to sportswear exports from China stood at +1.8%. At the same time, Vietnam (+11.5%), Bangladesh (+9.3%), Turkey (+9.2%), Cambodia (+6.5%), Sri Lanka (+6.2%), Germany (+4.3%), France (+3.1%), Italy (+2.4%) and Belgium (+1.4%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in the world, with a CAGR of +11.5% from 2012-2021. By contrast, Hong Kong SAR (-13.3%) illustrated a downward trend over the same period. While the share of Vietnam (+5.2 p.p.), Turkey (+2.2 p.p.) and Bangladesh (+1.7 p.p.) increased significantly in terms of the global exports from 2012-2021, the share of Hong Kong SAR (-7.3 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest sportswear supplier worldwide, comprising 36% of global exports. The second position in the ranking was taken by Vietnam ($X), with an 8.4% share of global exports. It was followed by Germany, with a 6.3% share.

In China, sportswear exports increased at an average annual rate of +3.6% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Vietnam (+14.3% per year) and Germany (+4.8% per year).

Export Prices by Country

The average sportswear export price stood at $X per unit in 2021, picking up by 3.9% against the previous year. Over the period under review, export price indicated a modest increase from 2012 to 2021: its price increased at an average annual rate of +1.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, sportswear export price increased by +9.0% against 2019 indices. The pace of growth appeared the most rapid in 2016 an increase of 39%. Over the period under review, the average export prices reached the maximum at $X per unit in 2017; however, from 2018 to 2021, the export prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Cambodia (+8.8%), while the other global leaders experienced more modest paces of growth.

Sportswear Imports

Imports

In 2021, approx. X units of track suits, ski suits and swimwear were imported worldwide; growing by 14% against the previous year. Over the period under review, imports recorded a relatively flat trend pattern. Over the period under review, global imports hit record highs at X units in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, sportswear imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +1.5% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. Over the period under review, global imports reached the peak figure at $X in 2018; afterwards, it flattened through to 2021.

Imports by Country

The United States was the major importer of track suits, ski suits and swimwear in the world, with the volume of imports amounting to X units, which was near 29% of total imports in 2021. Germany (X units) ranks second in terms of the total imports with a 7% share, followed by Italy (6.6%), France (5.2%) and the UK (5.1%). Spain (X units), the Netherlands (X units), Australia (X units), Hong Kong SAR (X units), Belgium (X units), Poland (X units), Russia (X units) and Canada (X units) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to sportswear imports into the United States stood at +2.0%. At the same time, Belgium (+14.3%), Poland (+10.1%), Australia (+5.9%), the Netherlands (+4.4%), France (+2.4%), Germany (+1.7%), the UK (+1.4%) and Italy (+1.0%) displayed positive paces of growth. Moreover, Belgium emerged as the fastest-growing importer imported in the world, with a CAGR of +14.3% from 2012-2021. By contrast, Canada (-1.7%), Russia (-1.8%), Spain (-5.8%) and Hong Kong SAR (-14.6%) illustrated a downward trend over the same period. From 2012 to 2021, the share of the United States and Belgium increased by +4.6 and +1.6 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported track suits, ski suits and swimwear worldwide, comprising 20% of global imports. The second position in the ranking was taken by Germany ($X), with a 9.2% share of global imports. It was followed by the UK, with a 7% share.

From 2012 to 2021, the average annual growth rate of value in the United States amounted to +1.5%. In the other countries, the average annual rates were as follows: Germany (+2.9% per year) and the UK (+5.3% per year).

Import Prices by Country

In 2021, the average sportswear import price amounted to $X per unit, picking up by 3.4% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.4%. The growth pace was the most rapid in 2014 an increase of 6%. Global import price peaked in 2021 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Poland ($X per unit), while the United States ($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 global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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