The production value of sports goods in Sweden saw significant fluctuations from 2013 to 2023. The industry experienced notable growth between 2013 and 2014, with a 5.51% increase, followed by a decline in the following year. The most drastic drop occurred in 2017 with a -41.89% year-on-year decrease. This downward trend continued to varying degrees until 2020, where the COVID-19 pandemic likely exacerbated the decline with a -28.05% fall in production value.
In the years following, the market showed signs of recovery, with a year-on-year increase of 12.58% in 2021 and smaller growth rates in 2022 and 2023. The production value stood at 77.5 million Euros in 2023, indicating a modest recovery with a 2.11% year-on-year increase. However, the forecast shows a gradual decline through 2028 with a projected 5-year CAGR of -3.23%.
Future trends to watch for include the impact of sustainable practices in manufacturing, the growing demand for innovative sports technology, and the potential influence of economic fluctuations on consumer spending on sports goods. Adaptations to these trends will be crucial for market stability and potential growth.