U.S.: Overview of the Market for Sporting And Athletic Goods 2021

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

The U.S. sporting and athletic goods market rose notably to $X in 2020, picking up by X% against the previous year. In general, consumption enjoyed pronounced growth. The pace of growth was the most pronounced in 2015 when the market value increased by X% y-o-y. Sporting and athletic goods consumption peaked in 2020 and is likely to see gradual growth in the immediate term.

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

In value terms, sporting and athletic goods production stood at $X in 2020. Over the period under review, production enjoyed a noticeable increase. The growth pace was the most rapid in 2017 when the production volume increased by X% year-to-year. Over the period under review, production reached the peak level at $X in 2018; however, from 2019 to 2020, production remained at a lower figure.

Exports of Sporting And Athletic Goods

Exports from the U.S.

In 2020, after two years of decline, there was significant growth in overseas shipments of sporting and athletic goods, when their volume increased by X% to X tonnes. Overall, exports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 when exports increased by X% y-o-y. Exports peaked at X tonnes in 2014; however, from 2015 to 2020, exports stood at a somewhat lower figure.

In value terms, sporting and athletic goods exports contracted to $X in 2020. Over the period under review, exports, however, recorded a mild curtailment. The most prominent rate of growth was recorded in 2017 when exports increased by X% y-o-y. Exports peaked at $X in 2014; however, from 2015 to 2020, exports failed to regain the momentum.

Exports by Country

Canada (X tonnes) was the main destination for sporting and athletic goods exports from the U.S., with a X% share of total exports. Moreover, sporting and athletic goods exports to Canada exceeded the volume sent to the second major destination, Mexico (X tonnes), more than tenfold. The third position in this ranking was occupied by Japan (X tonnes), with a X% share.

From 2013 to 2020, the average annual growth rate of volume 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).

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

From 2013 to 2020, the average annual growth rate of value to Canada was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (-X% per year) and Mexico (+X% per year).

Export Prices by Country

In 2020, the average sporting and athletic goods export price amounted to $X per tonne, falling by -X% against the previous year. In general, the export price continues to indicate a mild downturn. The most prominent rate of growth was recorded in 2015 when the average export price increased by X% year-to-year. The export price peaked at $X per tonne in 2016; however, from 2017 to 2020, export prices failed to regain the momentum.

There were significant differences in the average prices for the major foreign markets. In 2020, the country with the highest price was Japan ($X per tonne), while the average price for exports to Canada ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Mexico, while the prices for the other major destinations experienced more modest paces of growth.

Imports of Sporting And Athletic Goods

Imports into the U.S.

In 2020, approx. X tonnes of sporting and athletic goods were imported into the U.S.; growing by X% against the year before. In general, imports saw a buoyant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, sporting and athletic goods imports expanded sharply to $X in 2020. Over the period under review, imports recorded a strong expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2020, China (X tonnes) constituted the largest sporting and athletic goods supplier to the U.S., 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 tonnes), more than tenfold. The third position in this ranking was occupied by Viet Nam (X tonnes), with a X% share.

From 2013 to 2020, 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 Viet Nam (+X% per year).

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

From 2013 to 2020, the average annual rate of growth in terms 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 Viet Nam (+X% per year).

Import Prices by Country

The average sporting and athletic goods import price stood at $X per tonne in 2020, shrinking by -X% against the previous year. In general, the import price recorded a noticeable downturn. The most prominent rate of growth was recorded in 2018 when the average import price increased by X% against the previous year. The import price peaked at $X per tonne in 2014; however, from 2015 to 2020, import prices failed to regain the momentum.

Prices varied noticeably by the country of origin; the country with the highest price was Viet Nam ($X per tonne), while the price for China ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Canada, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the leading suppliers of sporting and athletic goods to the U.S.?

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In value terms, China ($6.2B) constituted the largest supplier of sporting and athletic goods to the U.S., comprising 62% of total imports. The second position in the ranking was occupied by Taiwan (Chinese) ($1.4B), with a 14% share of total imports. It was followed by Viet Nam, with a 5.2% share.

What are the leading importers of sporting and athletic goods from the U.S.?

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In value terms, Canada ($789M) remains the key foreign market for sporting and athletic goods exports from the U.S., comprising 35% of total exports. The second position in the ranking was occupied by Japan ($205M), with a 9.1% share of total exports. It was followed by Mexico, with a 6.8% share.

What is the average export price for sporting and athletic goods in the U.S.?

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In 2020, the average sporting and athletic goods export price amounted to $9,245 per tonne, which is down by -22.3% against the previous year.

What is the average import price for sporting and athletic goods in the U.S.?

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In 2020, the average sporting and athletic goods import price amounted to $4,184 per tonne, waning by -23.8% against the previous year.