The market is dominated by domestic suppliers, as imports account for 8.6% of total market size in 2021. Households drive market demand, with household spending representing 50.5% of total demand in 2021. China has the second largest market size for sports goods regionally, with demand reaching USD7.6 billion in 2021. Weihai Weijian Industrial Co Ltd is the largest company in China, generating 0.7% of the industry’s total production value in 2021. The industry is fragmented, with the top five companies generating 2.4% of total production value in 2021. The total number of companies decreases in 2021, to 29,970 units. The costs of the industry increase by 12.6% in 2021, largely driven by rising B2B costs. The industry’s profitability decreases and stands at 9.6% of production value in 2021, the seventh highest regionally. The industry’s exports share decreases in 2021 to 74.4% of total production output. With production value of USD25.3 billion, China accounts for 62.1% of the Asia Pacific total in 2021.
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This Euromonitor industrial report provides unique information on Sports Goods in China: ISIC 3693. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Sports Goods in China: ISIC 3693 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
Household Goods is an aggregation of Furniture, Jewellery and Related Articles, Musical Instruments; Imitation Jewellery, Brushes and Other Personal Items, Sports Goods, Toys and Games, Watches and Clocks.See All of Our Definitions
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