According to a report compiled by SGMA International based on U.S. Commerce Department data, U.S. exports of Sporting Goods products actually inched up 0.9% last year to $1.84 billion from $1.82 billion in 2002. The export number had declined 7.2% in 2002 from 2001. SGMA points to the weaker dollar as one reason for the increase.
Exports of Gym & Exercise Equipment, Bowling and Golf Clubs kept the number positive for the year, while Athletic Footwear, Snow Skis and Fishing Equipment accounted for the biggest drags on exports as the last holdouts for “Made in USA” make the inevitable move and K2 moves its SnowSports and fishing operations to its facilities in China.
In longer look back, exports have decline 6.0% over a five year period and are down 15% since SGMA started measuring the numbers in 1995.
While now on the chart below due to lower base volume, Tennis Racquet exports increased almost 177% to $3.5 million last year, while Basketballs declined almost 52% to just over $1.0 million for the year.
>>> The positive number is surprising given the pressure on retailers and manufacturers to keep prices low…
