The first decade of the 21st century has been one marked by the rapid increase in globalization. As we saw in an earlier market size post, here, world trade increased some 133% between 2000 and 2010. China’s role in this rapidly growing market has increased over this same period from representing 4% of the total world exports in 2000 to 10.7% of the much larger total in 2010, producing a 533% increase in international trade for China over this decade.
Today’s market size is the estimated total value of Chinese export sales of sporting equipment based on export sales for the first six months of 2010 which totaled $2.5 billion.
Geographic reference: China
Year: 2010
Market size: $4 billion
Source: Sporting Equipment, Essential Sourcing Intelligence for Buyers, published September 2010, one in a series of reports called China Sourcing Reports, a sample of which is available online here.
Original source: Global Source