31 Taiwan Sporting Goods Manufacturers Association Mr. Simon Wang President & CEO, Taiwan External Trade Development Council (TAITRA) 04 貿協 Taiwan Sporting Goods Manufacturers Association (TSMA) has a long-standing history, dating back 51 years. Its publication, the TSMA Yearbook, has a history of over 40 years. This longevity is mirrored in the collaboration between TAITRA and TSMA in organizing TaiSPO, a major trade show for the sporting goods industry, for nearly 50 years. Together, these organizations have strived to advance Taiwan's sporting goods industry. I am honored to be invited to write the prologue for the TSMA Yearbook once again. In recent years, the global sports goods market has experienced a slight decline due to rising inflation and economic slowdown. However, with the increasing popularity of leisure and health activities, the growing population of female athletes, and the upcoming major international sports events such as the Olympics in 2024, market demand is expected to rebound. According to the research firm Research Reports World, the compound annual growth rate of the global sporting goods industry is projected to reach 6.4% from 2022 to 2027. To help Taiwanese sports goods suppliers seize these business opportunities, the 49th edition of TaiSPO will be held from March 6th to 9th in 2024. The exhibition will be showcased under three major themes: "Vibrant Health Community," "Outdoor Lifestyle Enjoyment," and "New Dimensions in Sports Competition." It is expected to attract over 1,200 professional buyers from 61 countries, demonstrating the continuous improvement and competitiveness of Taiwan's sports goods industry. Congratulations on the successful publication of the TSMA Yearbook. I look forward to seeing the Taiwan sporting goods industry reach new heights under the guidance of TSMA in the years to come.
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