With the success of its series of shows in Brazil, CEMS-Global USA launches yet another very important B2B Trade Show for the entire Sports Industry of Brazil and whole of Latin America - `The Sports Sourcing Show 2019 - Latin America’ – Sourcing Expo for the Sports Industry’.
`The Sports Sourcing Show 2019 - Latin America’ will be the leading Sports Industry sourcing marketplace creating newer business opportunities in a colossal market of Brazil and also assist you to make in-roads into the potential South American region being held in a perfect B2B hub of Sao Paulo, bringing Manufacturers & Suppliers from all over the world. The event will showcase a wide range of products and services related to Outdoor & Indoor Sports, Fitness and Health.
Brazil – one of the `BRICS’ economies and
recently overtook UK as the world’s sixth
largest / economy is the largest of the Latin American nations and the second
largest in the western hemisphere. Brazil is one of the fastest-growing major economy in
the world. In future decades, Brazil is expected to become one of the five
largest economies in the world.
Brazil’s place as a leader among the world’s emerging economies was first brought to widespread prominence with its inclusion as one of the BRICS countries – the tag given a decade ago to Brazil, Russia, India, China and South Africa; because of their robust economic growth and tremendous market opportunity. Today, Brazil has fulfilled its promise and remains one of the world’s top prospects for business development and exports with its huge market and strategic position in Latin America.
Brazil is termed as “a world of untapped potential”. As one of the BRICS countries and a population of over 200 Million, Brazil has the fastest growing market in the Sports industry. The Sports Industry in Brazil has been growing consistently at an average rate of 7.4% per year. Currently, nearly 70% of everything that is produced by the Sports Industry in the country comes from the sports retails and only 30%
comes from services and indirect revenue from sports. This means that among the USD 50 billion handled by the Sports Industry in Brazil, almost USD 35 billion comes from retail.
The sales of sports goods encompass the entire consumption with sports, in which the fitness fashion market occupies a great asset with increasing profits year after year. Clothing, hiking shoes and jogging, swimming suits and kimonos for fighters are items that line the charts. With the development of e-commerce in Brazil, the sales have grown even bigger.
By all accounts, the sports industry has enjoyed prolific growth in the last decade. KPMG notes that the entire global sports market – including infrastructure, events, training and sports goods – is estimated to be worth between $600-700 billion year and its growth outpaces the GDP growth of most countries. Meanwhile, the global sporting goods market, valued at roughly $318 billion by the NPD Group in 2014, has experienced annual sales increases of roughly 4.3% between 2005 and 2014 – a rate 1.5 times greater than the broader consumer sector – according to Macquarie Research. And, it is on course to continue growing by up to 5.6% until 2020
With all of the above Facts, Brazil and Latin America as a whole remain a very sizzling market for the Sports Industry, The ‘Sports Sourcing Show 2019 - Latin America’ is set to be the leading biggest B2B networking and Sales generating hub for Sports for Latin America in Brazil and will also cater to the requirements of this fastest growing industry with visitors / buyers coming to visit from all over the region. CEMS-Global will further assist all exhibitors with Business Matching services.