Soccer Merchandise - South Africa

South Africa

Highlights

Revenue in the Soccer Merchandise market is projected to reach US$22.66m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 2.44%, resulting in a projected market volume of US$25.57m by 2029.
In global comparison, most revenue will be generated United States (US$1.38bn in 2024).
The average revenue per user (ARPU) in the Soccer Merchandise market is projected to amount to US$2.89 in 2024.
In the Soccer Merchandise market, the number of users is expected to amount to 8.4m users by 2029.
User penetration in the Soccer Merchandise market will be at 12.8% in 2024.

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Soccer Merchandise market in South Africa has seen slow growth due to low demand and limited spending in the Sports market. Factors such as economic downturn and reduced fan engagement have impacted the growth rate in the region. However, with the growing popularity of soccer, the market is expected to see a slight increase in demand.

Customer preferences: The dynamic nature of the South African soccer market has led to a growing demand for personalized and cultural-specific merchandise. This trend is driven by consumers desire to express their fandom and align with their ethnic or regional identities. As a result, there has been a surge in the production and sale of region-specific jerseys, scarves, and accessories. Furthermore, the emergence of e-commerce platforms has made it easier for consumers to access these products, especially those living in remote or rural areas. This shift towards personalized and culturally significant merchandise highlights the importance of cultural nuances and demographic shifts in driving consumer preferences in the soccer merchandise market.

Trends in the market: In South Africa, the Soccer Merchandise Market is experiencing a surge in online sales, with more consumers turning to e-commerce platforms for their sports merchandise purchases. This trend is driven by the increasing use of mobile devices and the growing popularity of social media influencers, who promote these products to their followers. With the rise of online shopping, retailers are also expanding their product offerings and providing more personalized options to cater to the demands of avid soccer fans. This shift towards digital platforms has the potential to transform the traditional retail landscape and create new opportunities for industry players.

Local special circumstances: In South Africa, the Soccer Merchandise Market is heavily influenced by the countrys deep-rooted love for the sport and its strong fan culture. Additionally, the market is also impacted by factors such as the countrys diverse population, with different ethnicities supporting different teams, as well as the socio-economic conditions in different regions. The recent growth in e-commerce and online shopping has also led to a rise in online sales of soccer merchandise. Furthermore, with South Africa being a popular tourist destination, the market is also influenced by international visitors who purchase souvenirs and merchandise during major soccer events hosted in the country.

Underlying macroeconomic factors: The Soccer Merchandise Market within the Sports Market in South Africa is heavily influenced by macroeconomic factors such as consumer purchasing power, economic stability, and government policies. South Africa has faced economic challenges in recent years, with the COVID-19 pandemic and political uncertainties affecting its national economic health. This has resulted in fluctuating consumer confidence and spending, which directly impacts the demand for soccer merchandise. Additionally, fiscal policies, such as tariffs on imported goods, can also affect the availability and pricing of soccer merchandise in the market. The countrys GDP growth, inflation rates, and unemployment rates are also factors to consider when examining the performance of the Soccer Merchandise Market in South Africa. These macroeconomic factors, combined with global economic trends, play a significant role in shaping the markets growth and profitability.

Data coverage:

The data encompasses B2C revenues. Figures are based on merchandise spending. All monetary figures refer to consumer spending on goods 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.