News Article

New Sporting Goods Show in Moscow

Sales & Trends

MUNICH, Germany (November 30) – High growth rates, increasing competition, increased activity of international brands, development of regional markets and market structures, and growing interest in sports and active lifestyles among the general population – all of these cornerstones characterize the strongly growing Russian sports products market. The volume of the Russian sports products market […]

MUNICH, Germany (November 30) – High growth rates, increasing competition, increased activity of international brands, development of regional markets and market structures, and growing interest in sports and active lifestyles among the general population – all of these cornerstones characterize the strongly growing Russian sports products market. The volume of the Russian sports products market was US$ 1.7 billion in 2003 according to the Russian Association of Sports Industry Enterprises, RASIE compared to only US$ 0.48 billion in 1994. Excluding the negative growth rates in 1999 and 2000 due to a general economic crisis, the Russian sports products market grew by 20 to 35% annually. However, experts estimate the market potential to be around US$ 5 billion due the reasons cited above. This is a development, which motivated the organizers of the ispo Show in Munich to establish a platform for the international sports equipment and sports fashion industries on site in Russia in addition to ispo china in Shanghai. ispo russia 05 will be held in the ultra-modern Crocus Center in Moscow from September 14 to 17, 2005. (JO)

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