Over the past decade, the production of sports activities, amusement, and recreation activities in Estonia has shown a notable upward trajectory, despite a significant dip in 2020. The sector grew consistently from 2013 to 2019, with high year-on-year variation percentages, peaking at 13.69% in 2014. However, the pandemic caused a drastic drop in 2020, reflecting a -58.26% year-on-year variation. The sector rebounded strongly in 2021, achieving a stunning 134.23% growth. By 2023, the value was 453.6 million Euros, with a year-on-year increase of 3.66%, reflecting a moderate but steady growth trend in recent years. The CAGR over the last five years was 3.79%, indicating overall sector resilience and recovery.
Looking ahead, the forecast for the sector remains positive, with a five-year CAGR projected at 2.68%. This indicates a steady, albeit slower, growth rate compared to previous high-growth years. By 2028, the production value is expected to reach 534.27 million Euros, representing a 14.14% growth rate over the forecast period.
Trends to watch for in the future include the impact of technological advancements in recreational activities, the rise of e-sports, and potential shifts in consumer behavior towards sustainable and wellness-focused activities. Additionally, the sector's ability to adapt to potential economic uncertainties will be crucial in sustaining growth.