Factors Influencing the Decline in Sports Cards' Value in 2024 Introdu (2024)

FAQs

Factors Influencing the Decline in Sports Cards' Value in 2024 Introdu? ›

The decline in sports cards' value in 2024 can be attributed to a combination of factors, including oversaturation in the market, changing consumer behavior, evolving market trends, and economic influences.

The Decline of the Sports Card Market in 2024 began in 2023

The sports card market experienced a notable downturn in 2023, a trend that has caught the eye of collectors and investors alike.

Many new collectors entered (or re-entered) the hobby. At that time, card prices increased multiple times. The values of baseball cards peaked in the early 1990's and then decreased by 10% to 30% over the next few years. Since that time, the card values have been relatively flat.

Why are sports cards so expensive, though? Desirability and rarity are really the two keys. A player's autograph can only be obtained through two avenues: a one-off chance of meeting the guy or girl, or buying a piece of memorabilia with their signature on it. The latter seems a lot more likely.

The Global Sports Trading Cards Market Size is Anticipated to Exceed USD 27,584.82 Million by 2033, Growing at a CAGR of 7.83% from 2023 to 2033.

The sports card market, once booming, is experiencing a decline in value in 2024, sparking concerns among collectors, investors, and industry experts. Several factors have contributed to this downturn, marking a significant shift from the soaring prices witnessed in recent years.

The global Sports Trading Cards Market size was valued at USD 9.69 billion in 2022 and is projected to reach USD 20.48 billion by 2030, growing at a CAGR of 9.01% from 2023 to 2030.

Card companies printed mass quantities, making it a cinch to lay your hands on what were once scarce collectibles. With such an influx, cards from that era are abundant, making them significantly less valuable today. The 1994 baseball strike didn't help either.

Whiskey, Rolexes, and trading cards are in a spiraling crash as "the bubbles have popped" in collectibles. Stocks surged in 2023, but it was a rougher year for collectibles. Indexes tracking whiskey, fine wine, and trading card prices all tumbled.

Baseball card production peaked in the late 1980s and many collectors left the hobby disenchanted after the 1994-95 MLB strike. However, baseball cards are still among the most sought collectibles of all-time.

Are rookie cards worth more? ›

Rookie cards are highly coveted by collectors and tend to be much more valuable than cards produced later in a player's career. If a player has several different rookie cards, they will usually vary in value, and collectors will reach a consensus as to which rookie card is most important – and thus, most valued.

What is the market size of Sports Trading Card Market? Sports Trading Card Market size was valued at USD 8.58 Billion in 2022 and is poised to grow from USD 10.17 Billion in 2023 to USD 39.53 Billion by 2031, growing at a CAGR of 18.5% in the forecast period (2024-2031).

Sports Trading Card Market Size And Forecast

Sports Trading Card Market size was valued at USD 12.62 Billion in 2024 and is projected to reach USD 23.08 Billion by 2031, growing at a CAGR of 7.80% from 2024 to 2031.

When considering sports cards as a long-term investment, it's essential to focus on iconic or historically significant players. Trading cards featuring legendary players in impeccable condition tend to accrue substantially more value over the years.

The global sports-card trading market was valued at US$635-million in 2022, and it is expected to surpass US$767-million by 2028.

The sports cards industry, once considered a nostalgic relic of the past, has seen a remarkable resurgence in recent years. Fuelled by a combination of nostalgia, investment potential, and the rise of digital platforms, sports cards are making a comeback.

Sports Trading Card Market Insights

Global Sports Trading Card Market size was valued at USD 8.58 Billion in 2022 and is poised to grow from USD 10.17 Billion in 2023 to USD 39.53 Billion by 2031, growing at a CAGR of 18.5% in the forecast period (2024-2031).

While some people may see baseball cards as mere child's play, the U.S. sports card industry is estimated to be a US$12 billion market. Since the COVID-19 pandemic, there's been a surge in interest. Moving forward, Fanatics will have near monopoly control over a large chunk of that market.