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

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

In 2023, the U.S. sporting and athletic goods market decreased by X% to $X, falling for the second consecutive year after five years of growth. In general, consumption, however, enjoyed buoyant growth. Over the period under review, the market attained the peak level at $X in 2021; however, from 2022 to 2023, consumption failed to regain momentum.

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

In value terms, sporting and athletic goods production reduced modestly to $X in 2023. The total output value increased at an average annual rate of X% from 2013 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. Sporting and athletic goods production peaked at $X in 2022, and then shrank in the following year.

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Exports of Sporting And Athletic Goods

Exports from the U.S.

After four years of growth, shipments abroad of sporting and athletic goods decreased by X% to X tons in 2023. In general, exports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2022, and then contracted in the following year.

In value terms, sporting and athletic goods exports dropped to $X in 2023. Overall, exports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, the exports reached the peak figure at $X in 2022, and then reduced in the following year.

Exports by Country

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

From 2013 to 2023, the average annual rate of growth in terms of volume to Mexico amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (X% per year) and Japan (X% per year).

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

From 2013 to 2023, the average annual growth rate of value to Canada amounted to 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 2023, the average sporting and athletic goods export price amounted to $X per ton, reducing by X% against the previous year. Over the period under review, the export price faced a abrupt curtailment. The pace of growth appeared the most rapid in 2021 an increase of X%. Over the period under review, the average export prices reached the maximum at $X per ton in 2018; however, from 2019 to 2023, 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 ($X per ton), while the average price for exports to El Salvador ($X per ton) was amongst the lowest.

From 2013 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (X%), while the prices for the other major destinations experienced a decline.

Imports of Sporting And Athletic Goods

Imports into the U.S.

In 2023, purchases abroad of sporting and athletic goods decreased by X% to X tons, falling for the second year in a row after five years of growth. Over the period under review, imports, however, saw a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Imports peaked at X tons in 2021; however, from 2022 to 2023, imports stood at a somewhat lower figure.

In value terms, sporting and athletic goods imports fell notably to $X in 2023. Overall, total imports indicated a measured increase from 2013 to 2023: 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 2023 figures, imports decreased by X% against 2021 indices. The growth pace was the most rapid in 2021 when imports increased by X%. As a result, imports reached the peak of $X. From 2022 to 2023, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2023, 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), eightfold. The third position in this ranking was held by Vietnam (X tons), with a X% share.

From 2013 to 2023, the average annual rate of growth in terms of volume from China stood at 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 ($X) constituted the largest supplier of sporting and athletic goods to the United States, comprising X% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with an X% share of total imports. It was followed by Vietnam, with a X% share.

From 2013 to 2023, the average annual growth rate of value from China was relatively modest. 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

The average sporting and athletic goods import price stood at $X per ton in 2023, waning by X% against the previous year. Overall, the import price showed a deep setback. The pace of growth was the most pronounced in 2022 an increase of X% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2023, import prices stood at a somewhat lower figure.

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

From 2013 to 2023, the most notable rate of growth in terms of prices was attained by Vietnam (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform