Ecuador - Gym and Fitness Equipment - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPrice for Gym and Fitness Equipment in Ecuador - 2022
Contents:
- Price for Gym and Fitness Equipment in Ecuador (CIF) - 2022
- Price for Gym and Fitness Equipment in Ecuador (FOB) - 2022
- Imports of Gym and Fitness Equipment in Ecuador
- Exports of Gym and Fitness Equipment in Ecuador
Price for Gym and Fitness Equipment in Ecuador (CIF) - 2022
In January 2022, the average gym and fitness equipment import price amounted to $3,081 per ton, surging by 4% against the previous month. Overall, import price indicated a moderate increase from January 2021 to January 2022: its price increased at an average monthly rate of +2.2% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on January 2022 figures, gym and fitness equipment import price increased by +8.0% against November 2021 indices. The growth pace was the most rapid in February 2021 an increase of 35% against the previous month. Over the period under review, average import prices attained the peak figure at $3,430 per ton in April 2021; however, from May 2021 to January 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Taiwan (Chinese) ($8,181 per ton), while the price for China totaled $2,868 per ton.
From January 2021 to January 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+6.2%).
Price for Gym and Fitness Equipment in Ecuador (FOB) - 2022
In 2022, the average gym and fitness equipment export price amounted to $5,592 per ton, growing by 1.8% against the previous year. Over the period under review, the export price continues to indicate a resilient expansion. The pace of growth was the most pronounced in 2013 when the average export price increased by 98% against the previous year. The export price peaked at $8,145 per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Dominican Republic ($14,811 per ton), while the average price for exports to Costa Rica ($730 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 the Dominican Republic (+10.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Gym and Fitness Equipment in Ecuador
After three years of growth, purchases abroad of gym and fitness equipment decreased by -18.3% to 6.3K tons in 2022. Overall, total imports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +12.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +42.6% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 57% against the previous year. As a result, imports reached the peak of 7.7K tons, and then declined remarkably in the following year.
In value terms, gym and fitness equipment imports reduced markedly to $18M in 2022. In general, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +8.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +27.3% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 53%. As a result, imports reached the peak of $22M, and then fell remarkably in the following year.
Import of Gym and Fitness Equipment in Ecuador (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 11.4 | 11.8 | 19.8 | 15.7 | 11.3% |
United States | 0.9 | 0.5 | 0.6 | 0.8 | -3.9% |
Taiwan (Chinese) | 0.4 | 0.6 | 0.5 | 0.4 | 0.0% |
Others | 1.7 | 1.4 | 1.1 | 1.2 | -11.0% |
Total | 14.3 | 14.3 | 22.0 | 18.2 | 8.4% |
Top Suppliers of Gym and Fitness Equipment to Ecuador in 2022:
- China (5.9K tons)
- United States (0.1K tons)
- Taiwan (Chinese) (0.1K tons)
Exports of Gym and Fitness Equipment in Ecuador
In 2022, approx. 4.8 tons of gym and fitness equipment were exported from Ecuador; which is down by -45.7% compared with the year before. In general, exports faced a significant curtailment. The pace of growth appeared the most rapid in 2021 when exports increased by 642%.
In value terms, gym and fitness equipment exports declined remarkably to $27K in 2022. Over the period under review, exports saw a dramatic decline. The growth pace was the most rapid in 2021 when exports increased by 844%.
Export of Gym and Fitness Equipment in Ecuador (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Dominican Republic | 0.4 | 1.9 | 20.3 | 11.5 | 206.3% |
United States | 49.8 | 1.2 | 6.7 | 4.0 | -56.9% |
Colombia | 6.2 | 0.2 | 6.9 | 3.9 | -14.3% |
Venezuela | 17.4 | 0.9 | 5.9 | 3.9 | -39.3% |
Peru | 3.3 | 0.1 | 1.3 | 0.8 | -37.6% |
Australia | 1.2 | 0.1 | 1.2 | 0.7 | -16.4% |
Honduras | 0.6 | 0.1 | 1.0 | 0.6 | 0.0% |
Canada | 1.5 | 0.1 | 0.5 | 0.4 | -35.6% |
Panama | 3.1 | 0.3 | 1.1 | 0.3 | -54.1% |
Costa Rica | N/A | N/A | 0.3 | 0.2 | -33.3% |
Trinidad and Tobago | 5.7 | N/A | N/A | N/A | 0% |
Others | 4.2 | 0.3 | 3.4 | 0.8 | -42.5% |
Total | 93.4 | 5.1 | 48.6 | 26.9 | -34.0% |
Top Export Markets for Gym and Fitness Equipment from Ecuador in 2022:
- United States (1465.0 kg)
- Colombia (1130.0 kg)
- Dominican Republic (776.0 kg)
- Australia (267.0 kg)
- Costa Rica (241.0 kg)
- Peru (237.0 kg)
- Honduras (172.0 kg)
- Canada (134.0 kg)
- Panama (93.0 kg)
- Venezuela (91.0 kg)
This report provides an in-depth analysis of the market for gym and fitness equipment in Ecuador. 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:
- Ecuador
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Ecuador
- 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
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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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This report provides an in-depth analysis of the global market for gym and fitness equipment.
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