Value of sport goods export value from India FY 2015-2022

The chart you provided illustrates India’s sports goods export value from FY 2015 to FY 2022, measured in million U.S. dollars. Below is an analysis of the data trends:

Key Insights

1. FY 2015: Export value stood at $274.5 million, a robust starting point for this period.
2. FY 2016 to FY 2018: A slight decline and stagnation are visible, with values hovering between $224.83 million and $232.8 million.
3. FY 2019: A significant jump to $313.48 million, indicating strong growth, possibly driven by an increase in demand or improved competitiveness.
4. FY 2020 and FY 2021: A sharp decline to $174.21 million and $176.46 million, likely due to the COVID-19 pandemic affecting global trade and supply chains.
5. FY 2022: A massive recovery, with exports reaching $546 million, marking the highest value in the period and a near 210% increase from FY 2020.

Conclusion

The data demonstrates resilience and strong recovery in India’s sports goods export sector post-pandemic. The growth in FY 2022 highlights India’s increasing global competitiveness, likely driven by improved production capabilities, government support, and rising demand for Indian sports goods globally.