Colombia - Gym and Fitness Equipment - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPrice for Gym and Fitness Equipment in Colombia - 2022
Contents:
- Price for Gym and Fitness Equipment in Colombia (CIF) - 2022
- Price for Gym and Fitness Equipment in Colombia (FOB) - 2022
- Imports of Gym and Fitness Equipment in Colombia
- Exports of Gym and Fitness Equipment in Colombia
Price for Gym and Fitness Equipment in Colombia (CIF) - 2022
In February 2022, the average gym and fitness equipment import price amounted to $4,641 per ton, increasing by 23% against the previous month. Overall, import price indicated moderate growth from February 2021 to February 2022: its price increased at an average monthly rate of +3.4% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on February 2022 figures, gym and fitness equipment import price decreased by -5.6% against December 2021 indices. The growth pace was the most rapid in December 2021 an increase of 25% against the previous month. As a result, import price reached the peak level of $4,916 per ton. From January 2022 to February 2022, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In February 2022, the country with the highest price was Taiwan (Chinese) ($14,675 per ton), while the price for China ($3,768 per ton) was amongst the lowest.
From February 2021 to February 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+5.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Gym and Fitness Equipment in Colombia (FOB) - 2022
In 2022, the average gym and fitness equipment export price amounted to $7,005 per ton, with an increase of 11% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average export price increased by 15% against the previous year. The export price peaked at $9,405 per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Panama ($13,693 per ton), while the average price for exports to Venezuela ($1,350 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Curacao (+24.2%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Gym and Fitness Equipment in Colombia
After three years of growth, purchases abroad of gym and fitness equipment decreased by -5.9% to 13K tons in 2022. The total import volume increased at an average annual rate of +11.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 when imports increased by 31%.
In value terms, gym and fitness equipment imports fell to $42M in 2022. The total import value increased at an average annual rate of +3.7% from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 21%. As a result, imports reached the peak of $46M, and then fell in the following year.
Import of Gym and Fitness Equipment in Colombia (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 22.2 | 29.9 | 37.5 | 32.5 | 13.5% |
United States | 8.0 | 3.4 | 2.9 | 3.9 | -21.3% |
Others | 7.3 | 4.6 | 5.3 | 5.4 | -9.6% |
Total | 37.5 | 37.9 | 45.8 | 41.8 | 3.7% |
Top Suppliers of Gym and Fitness Equipment to Colombia in 2022:
- China (11.7K tons)
- United States (0.5K tons)
Exports of Gym and Fitness Equipment in Colombia
In 2022, shipments abroad of gym and fitness equipment decreased by -25.3% to 22 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, posted a strong expansion. The pace of growth was the most pronounced in 2021 when exports increased by 77%. As a result, the exports attained the peak of 30 tons, and then reduced sharply in the following year.
In value terms, gym and fitness equipment exports dropped markedly to $155K in 2022. Overall, total exports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +10.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +36.2% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 53% against the previous year. As a result, the exports reached the peak of $187K, and then dropped dramatically in the following year.
Export of Gym and Fitness Equipment in Colombia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 8.6 | 23.1 | 43.5 | 38.6 | 65.0% |
Ecuador | 28.9 | 20.1 | 30.2 | 30.3 | 1.6% |
Mexico | 11.8 | 13.6 | 15.0 | 15.0 | 8.3% |
Curacao | 0.5 | 0.7 | 10.1 | 10.1 | 172.3% |
Peru | 5.7 | 2.6 | 6.6 | 6.7 | 5.5% |
Panama | 11.3 | 11.6 | 12.7 | 5.0 | -23.8% |
Nicaragua | 7.9 | 5.7 | 3.8 | 3.7 | -22.3% |
Chile | 8.9 | 1.5 | 6.0 | 2.5 | -34.5% |
Argentina | 2.0 | 1.8 | 2.0 | 2.0 | 0.0% |
Venezuela | N/A | 0.6 | 1.4 | 1.4 | 52.8% |
Others | 28.2 | 41.4 | 56.2 | 39.8 | 12.2% |
Total | 114 | 123 | 187 | 155 | 10.8% |
Top Export Markets for Gym and Fitness Equipment from Colombia in 2022:
- Mexico (4.9 tons)
- Ecuador (4.4 tons)
- United States (4.3 tons)
- Nicaragua (2.3 tons)
- Venezuela (1.0 tons)
- Curacao (0.8 tons)
- Peru (0.8 tons)
- Panama (0.4 tons)
- Chile (0.4 tons)
- Argentina (0.4 tons)
This report provides an in-depth analysis of the market for gym and fitness equipment in Colombia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 32301400 - Gymnasium or athletics articles and equipment
Country coverage:
- Colombia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Colombia
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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