Thailand - Gym and Fitness Equipment - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPrice for Gym and Fitness Equipment in Thailand - 2023
Contents:
- Price for Gym and Fitness Equipment in Thailand (CIF) - 2023
- Price for Gym and Fitness Equipment in Thailand (FOB) - 2023
- Imports of Gym and Fitness Equipment in Thailand
- Exports of Gym and Fitness Equipment in Thailand
Price for Gym and Fitness Equipment in Thailand (CIF) - 2023
In September 2023, the average gym and fitness equipment import price amounted to $2,118 per ton, stabilizing at the previous month. Overall, the import price recorded a drastic downturn. The most prominent rate of growth was recorded in May 2023 when the average import price increased by 50% month-to-month. The import price peaked at $4,252 per ton in November 2022; however, from December 2022 to September 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was China ($1,735 per ton), while the price for Japan totaled $789 per ton.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by China (-4.9%).
Price for Gym and Fitness Equipment in Thailand (FOB) - 2023
The average gym and fitness equipment export price stood at $14,120 per ton in September 2023, picking up by 75% against the previous month. Over the period under review, the export price recorded a resilient increase. The pace of growth was the most pronounced in October 2022 when the average export price increased by 98% month-to-month. Over the period under review, the average export prices hit record highs at $14,896 per ton in January 2023; however, from February 2023 to September 2023, the export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In September 2023, the country with the highest price was the UK ($32,636 per ton), while the average price for exports to Cambodia ($3,861 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+13.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Gym and Fitness Equipment in Thailand
After three years of growth, overseas purchases of gym and fitness equipment decreased by -52.3% to 14K tons in 2022. In general, imports, however, enjoyed perceptible growth. The pace of growth appeared the most rapid in 2020 when imports increased by 95% against the previous year.
In value terms, gym and fitness equipment imports fell rapidly to $52M in 2022. Over the period under review, imports faced a abrupt descent. The growth pace was the most rapid in 2020 with an increase of 23%.
| Import of Gym and Fitness Equipment in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 54.9 | 75.0 | 84.5 | 39.1 | -10.7% |
| Taiwan (Chinese) | 7.3 | 6.6 | 4.9 | 3.6 | -21.0% |
| United States | 5.6 | 4.7 | 3.9 | 2.9 | -19.7% |
| Others | 6.1 | 4.7 | 6.0 | 6.1 | 0.0% |
| Total | 73.8 | 91.0 | 99.3 | 51.7 | -11.2% |
Top Suppliers of Gym and Fitness Equipment to Thailand in 2022:
- China (13.0K tons)
- Taiwan (Chinese) (0.3K tons)
- United States (0.2K tons)
Exports of Gym and Fitness Equipment in Thailand
In 2022, overseas shipments of gym and fitness equipment decreased by -26.9% to 602 tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 31%.
In value terms, gym and fitness equipment exports declined markedly to $5.8M in 2022. In general, exports saw a pronounced contraction. The most prominent rate of growth was recorded in 2020 with an increase of 31%. As a result, the exports attained the peak of $8.5M. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Gym and Fitness Equipment in Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1,942 | 4,015 | 1,870 | 2,265 | 5.3% |
| Australia | 512 | 695 | 930 | 807 | 16.4% |
| Germany | 929 | 890 | 769 | 382 | -25.6% |
| Myanmar | 46.9 | 568 | 477 | 309 | 87.5% |
| Maldives | 94.0 | 90.8 | 534 | 246 | 37.8% |
| China | 590 | 422 | 357 | 239 | -26.0% |
| Cambodia | 227 | 235 | 347 | 219 | -1.2% |
| United Kingdom | 328 | 137 | 157 | 194 | -16.1% |
| Russia | N/A | N/A | N/A | 175 | 0% |
| Philippines | 35.9 | 15.6 | 8.3 | 125 | 51.6% |
| Others | 1,801 | 1,432 | 1,940 | 863 | -21.7% |
| Total | 6,507 | 8,501 | 7,390 | 5,822 | -3.6% |
Top Export Markets for Gym and Fitness Equipment from Thailand in 2022:
- Australia (191.2 tons)
- United States (138.9 tons)
- Myanmar (39.5 tons)
- Philippines (36.7 tons)
- Germany (29.3 tons)
- China (24.5 tons)
- Cambodia (21.7 tons)
- Maldives (17.3 tons)
- Russia (15.7 tons)
- United Kingdom (13.2 tons)
This report provides an in-depth analysis of the market for gym and fitness equipment in Thailand. 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:
- Thailand
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Thailand
- 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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