“Dynamic” global sportswear industry grew 7.5% in 2012
26/02/2013
The four largest markets - the US, China, Japan and Brazil - collectively accounted for more than half of total sportswear sales in 2012.
Magdalena Kondej, head of apparel research at Euromonitor, said: "The strong recovery of the global apparel market is on its way. Sportswear is one of the most dynamic categories driving this solid performance with the largest gains recorded in North America and Asia Pacific.”
Euromonitor’s report covers 46 countries, focusing on trends and developments in performance, outdoor and sports-inspired clothing and footwear.
It predicts the global industry will generate additional sales of $55 billion by 2017.
At $80 billion, the US market is by far the largest, over three times higher in value than the second-ranked sportswear market China, according to Euromonitor.
"Russia, Ukraine and Argentina are the markets with the highest growth," said Ms Kondej. "Sales in Russia are set to almost double in value by 2017 and the country is expected to overtake all Western European countries.
"The increasing interest in fitness and athletics clearly shows that consumers are seeking to be healthier.”
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