Manufacture of sports goods revenue in Ireland 2010-2022
Ireland for long has enjoyed the reputation of being a great sporting nations having excelled in Rugby and Football among others. The country’s sporting industry has also become a lucrative investment for the government that is increasing its spending on national governing bodies such as Special Olympics Ireland, Athletics Ireland and Swim Ireland. According to a study by Investec, for every 100 Euros invested in sports, the government generates up to 195 Euros in tax revenue. The industry also generates robust returns through channels such as domestic broadcasting, gate receipts and sponsorship deals.
Despite the growing popularity of sports in the country, the manufacturing of sports goods is expected to witness a marginal decline over the medium term, from 15.1 million U.S. dollars in 2017 to 14.95 million U.S. dollars in 2022. This is however not a reflecting of the industry’s popularity but a sharp fall in consumer demand and export orders due to Brexit.
Despite the growing popularity of sports in the country, the manufacturing of sports goods is expected to witness a marginal decline over the medium term, from 15.1 million U.S. dollars in 2017 to 14.95 million U.S. dollars in 2022. This is however not a reflecting of the industry’s popularity but a sharp fall in consumer demand and export orders due to Brexit.
