The Sporting Equipment, Swimming, and Paddling Pools market in the Philippines has experienced various fluctuations over the past decade. From 2012 to 2022, the market exhibited an overall upward trend despite some periods of negative growth. The market size increased from $22.414 million in 2012 to $43.428 million in 2022, demonstrating an overall positive growth trajectory.
Examining specific variations, key years such as 2014 saw a significant jump with a 25.03% year-on-year increase, while 2020 experienced a slight decline of 2.19% likely due to the pandemic's impact. More recently, the market has shown moderate growth with a year-on-year increase of 2.68% in 2022. The average annual growth rate (CAGR) over the last five years stands at a modest 1.35%, indicating steady if slow progress.
As of 2023, it is crucial to watch for potential trends affecting this market. Emerging consumer preferences for health and wellness could drive higher demand for sporting equipment and swimming facilities. Furthermore, advancements in technology and increasing urbanization may spur innovation and expand market opportunities.
How does the Philippines rank in Sporting Equipments, Swimming and Paddling Pools Market Size Value?
| # | 32 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 14,751,000,000 | 2023 | +1.07% | +1.2% | View data |
| 2 | 2 China | 6,454,300,000 | 2023 | +3.53% | +3.39% | View data |
| 3 | 3 Canada | 1,624,000,000 | 2023 | -0.057% | -0.18% | View data |
| 4 | 4 France | 1,384,100,000 | 2023 | -0.27% | -0.71% | View data |
| 5 | 5 Germany | 1,298,000,000 | 2023 | +1.4% | +1.46% | View data |
| 24 | 24 South Africa | 100,600,000 | 2023 | -1.81% | -2.59% | View data |
| 25 | 25 Thailand | 68,518,000 | 2023 | +3.21% | +2.94% | View data |
| 26 | 26 Philippines | 44,539,000 | 2023 | +2.56% | +3.21% | |
| 27 | 27 Slovakia | 42,448,000 | 2023 | -0.35% | +0.31% | View data |
| 28 | 28 Morocco | 36,292,000 | 2023 | +3.04% | +2.88% | View data |
