Soccer - Ethiopia | Statista Market Forecast

Revenue in the Soccer market is projected to reach US$9.85m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 1.04%, resulting in a projected market volume of US$10.38m by 2029.
In global comparison, most revenue will be generated United Kingdom (US$9.70bn in 2024).
The average revenue per user (ARPU) in the Soccer market is projected to amount to US$26.26 in 2024.
In the Soccer market, the number of users is expected to amount to 419.7k users by 2029.
User penetration in the Soccer market will be at 0.3% in 2024.

Definition:

The Soccer market encompasses various aspects of the sport, including media coverage, ticket sales, and merchandise, catering to the immense global fanbase of soccer (football). It encompasses platforms and channels dedicated to delivering news, analysis, and entertainment related to soccer matches worldwide. Additionally, it includes the sale of tickets for live soccer events, facilitating fan engagement and revenue generation. Moreover, the market comprises the sale of various products and merchandise related to soccer, allowing fans to showcase their support for their favorite teams and players through licensed apparel, memorabilia, and collectibles.

Structure:

Soccer Media: Encompasses revenues from television and online streaming rights for soccer matches.
Soccer Ticket Sales: Comprises revenues from tickets sold for soccer matches held in stadiums, online ticketing platforms, and season ticket packages.
Soccer Merchandising: Includes revenues from the sale of official club merchandise, player merchandise, and general soccer-themed products.

Additional information:

Key metrics within the market include revenues, viewers, ticket revenues, ticket users, merchandise sales volumes, and users. Revenue streams primarily come from advertising, subscription fees, ticket sales, merchandise sales, and sponsorship deals. Data on broadcasting rights, online viewership, ticketing platforms, popular merchandise items, and fan preferences are essential for understanding market dynamics. Key players in the Soccer market include broadcasting networks, sports clubs, apparel brands, ticketing agencies, and online marketplaces.

For more detailed insights, refer to the additional information provided next to the respective data points.

Ticket sales from games, such as league games
Revenue from merchandise, such as jerseys
Revenue from media rights, such as TV broadcasting

Revenue from player transfers, such as transfer fees
Tickets sold on the secondary market, such as on eBay
Revenue from licensing or sponsorship, such as from logos

The Soccer Market within the Sports Market in Ethiopia has been experiencing negligible growth, due to factors such as limited marketing and infrastructure, lack of investment, and low consumer spending. Despite these challenges, the increasing popularity of digital media and the growing demand for authentic merchandise and accessible ticket sales could potentially drive growth in the near future.

Customer preferences: In recent years, there has been a notable increase in the popularity of womens soccer in Ethiopia, with more women and girls participating in the sport. This is driven by the growing visibility and success of the Ethiopian womens national team, as well as the increasing recognition of the importance of female empowerment and gender equality. Additionally, there has been a shift towards promoting inclusive and diverse representations of women in the media, which has also contributed to the growing interest in womens soccer in the country.

Trends in the market: In Ethiopia, the Soccer Market within the Sports Market industry is experiencing an increase in the popularity of live streaming services, allowing fans to watch matches from the comfort of their homes. Furthermore, there is a growing trend of sports clubs and organizations partnering with telecommunications companies to offer exclusive content and access to games through mobile devices. This trend is significant as it allows for greater accessibility and reach for fans, potentially leading to increased revenue for the industry. However, it also poses potential implications for traditional media outlets and ticket sales, as more viewers may opt to watch from home. Overall, the trajectory of these trends points towards a digitally-driven future for the Soccer Market in Ethiopia, with a focus on enhancing fan experience and maximizing revenue opportunities through technology.

Local special circumstances: In Ethiopia, the Soccer Market within the Sports Market is heavily influenced by the countrys culture and geography. Soccer is extremely popular and deeply ingrained in the local culture, making it a significant part of peoples lives. Additionally, Ethiopias diverse terrain and widely dispersed population also play a role in shaping the Soccer Market. The lack of proper infrastructure and limited access to modern technology in certain regions pose challenges for the growth of the market, while also creating opportunities for innovation in reaching and engaging with fans.

Underlying macroeconomic factors: The Soccer Market within the Sports Market in Ethiopia is greatly influenced by macroeconomic factors such as government policies, economic stability, and international trade relations. Among these factors, the stability of the countrys economy is a key determinant of market performance. An unstable economy can lead to inflation, currency devaluation, and low consumer purchasing power, which could negatively impact the demand for sports, including soccer. Additionally, government policies such as tax incentives, subsidies, and regulations can either promote or hinder the growth of the soccer market. For instance, favorable policies that encourage foreign investment and promote local businesses can stimulate the growth of the soccer market. On the other hand, restrictive policies can limit market expansion and competitiveness. Furthermore, the countrys relationship with major global markets can play a significant role in determining the direction of the soccer market. Countries with strong trade ties with Ethiopia can promote the transfer of technology, skills, and resources in the sports industry, fueling the growth of the soccer market. Ultimately, the performance of the soccer market in Ethiopia is closely tied to overall economic growth and stability, making it crucial to monitor and respond to macroeconomic trends for sustained market growth.

Data coverage:

The data encompasses B2C and B2B revenues. Figures are based on media spending, merchandise spending, and ticket spending. All monetary figures for merchandise and tickets refer to consumer spending on goods or tickets in the respective segment, which can be online and offline.

Modeling approach / Market size:

Market sizes are determined through a combination of bottom-up and top-down approaches, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use annual financial reports of the market-leading companies and industry associations, third-party studies and reports, survey results from our primary research (e.g., Consumer Insights), as well as performance factors (e.g., user penetration, price per ticket, price on sport goods). In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, number of internet users, and internet consumption. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the S-curve function or linear forecasting, as it fits the development of either strong growing markets or more sophistacted and saturated markets, such as soccer in Europe.

Additional notes:

The data is modeled using current exchange rates. The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. In some cases, the data is updated on an ad hoc basis (e.g., when new, relevant data has been released or significant changes within the market have an impact on the projected development). We also account for the different cycles of international tournaments, such as world cups or continent cups. Consumer Insights data is reweighted for representativeness.

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