Overview of the Market for Sporting And Athletic Goods in the USA
In value terms, sporting and athletic goods production rose modestly to $ in . The total output value increased at an average annual rate of +% from 2013 to ; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The growth pace was the most rapid in 2017 with an increase of % against the previous year. Over the period under review, production hit record highs at $ in 2018; however, from 2019 to , production failed to regain the momentum.
The value of the sporting and athletic goods market in the U.S. expanded significantly to $ in , picking up by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +% over the period from 2013 to ; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2015 when the market value increased by % against the previous year. Over the period under review, the market attained the peak level in and is likely to see steady growth in the near future.