New data released by the European Outdoor Group's
(EOG) State of Trade (SoT) market research programme indicates growth in
sell-in value and volume across all categories during 2022.
The EOG State
of Trade report covers products sold by over 100 outdoor companies in Europe in
the apparel, footwear and hardware markets, including outdoor sell-in figures
from multisport or lifestyle brands.
·
Data from the
Russian market has been removed from SoT for both 2021 and 2022.
·
Meanwhile,
significant new contributors to the programme have allowed the EOG to make a
more accurate assessment of the full market size, reducing the reliance on gap
analysis and estimates.
In 2022, the total wholesale
value of every product category covered by the State of Trade was €6.1bn
($6.5bn). EOG explains that external factors, including the removal of an
entire market (Russia) and the addition of significant new data contributors
such as Decathlon, have had a meaningful impact on some of the underlying
assumptions made during the data analysis.
After figures for 2021 were
adjusted as a result of these factors, the 2022 figure represented a
year-on-year change of +11.5%.
The strongest growth was
recorded in footwear and accessories, up in value by 20.40% and 19.05%
respectively, but there was growth in all categories, with an overall increase
of 11.49% in value and 6.31% in volume. The lowest level of growth was in tents
and climbing equipment.
Growth of over 10% was
reported in value in all regions during 2022. The top three markets – Germany,
France and the UK/Ireland – once again accounted for over 50% of the total
value of the European outdoor sector. As per the SoT data, the individual
market share of each of these barely changed.
The platform is expected to go
live on 7 July following a successful pilot in the UK.
OMIS will deliver detailed,
up-to-date market, category and channel-level sell-through data to all
contributors, and SKU-level retail sell-through data, with additional filters
and market share comparisons, to subscribers. EOG pointed out that the State of
Trade and the Outdoor Market Intelligence Service, together, will constitute
the European outdoor sector’s “most comprehensive market data and insights
programme ever.”
Arne Strate, general secretary
at EOG, said: “The EOG’s market insights programme is a cornerstone of both
what we offer to our members, and how we represent and advocate for the whole
sector. Year-on-year, we have expanded, enhanced and then refined what we do.
State of Trade has always been at the heart of that, but we need to align it
with real-time, accurate sell-through data, to better serve our members and
also give us the collateral that we require for our public affairs work, and to
inform our own longer-term priorities.
“The latest State of Trade
figures once again demonstrate the resilience and appeal of the outdoor sector,
but we’re even more encouraged by the very successful pilot that we completed
in the UK for the new Outdoor Market Intelligence Service. This demonstrated
its enormous potential, and now we are excited to launch it publicly and we aim
to roll it out across Europe. To do that effectively, we need more companies to
get involved and derive maximum benefit from either contributing or
subscribing, or both.”
By Just Style