Examining the historical data from 2013 to 2022 reveals fluctuations in year-on-year growth, ranging from a high of 24.35% in 2017 to a negative growth of -6.71% in 2016. The five-year CAGR has shown a moderate decrease from 11.69% in 2013 to 3.64% in 2023. The forecast for 2024-2028 shows a relatively consistent growth trajectory, culminating in a forecasted 5-year CAGR of 2.6%, with the total import value expected to reach 814.35 million USD by 2028.
Future Trends to Watch: Future trends to monitor include technological advancements in sports equipment, changing consumer preferences toward fitness-related activities, and potential economic fluctuations that could impact importation rates. Additionally, government policies on tariffs and trade agreements may also play crucial roles in shaping future import volumes.
