From 2012 to 2022, the Athletics Equipment Market in South Africa saw a fluctuating journey with a significant decline in market size since the peak in 2012 at $214.1 million. By 2022, the market value had dropped to $180.61 million, reflecting a general downward trend, with a year-on-year decrease observed most notably from 2013 onwards, culminating in a consistent drop in the market size. The Compound Annual Growth Rate (CAGR) from 2016 to 2022 averaged -0.55%, indicating a slow but steady contraction over the past five years.
Looking forward, key trends to watch for include potential recovery driven by increased sports participation, technological advancements in athletic equipment, and economic stabilization post-pandemic. Moreover, growth in e-commerce and digital marketing could contribute positively to the market dynamics.
