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Article Date: April 2024
Word Count: 571

Sporting Goods Import Volumes Continue to Decline


The first quarter saw an extension of last year’s consistently lower imports of footwear, apparel and equipment, as declared customs value dropped 33% to $3,687.1 million from $5,490.6 million in Q1 ’23. Sneaker imports dipped 28% to $967.7 million from $1,345.1 million, and are now well below pre-pandemic levels. Apparel imports plunged 43% to $646.7 million from $1,134.8 million, a significantly worse decline sequentially for a sector that remains overstocked at retail, a situation that was exacerbated by weak winter apparel sales in many markets. Equipment imports tumbled 33% to $2,072.7 ... Log in to view full article.

 


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