Africa: Market for Gym and Fitness Equipment 2023

Market Size for Gym and Fitness Equipment in Africa

The African gym and fitness equipment market was estimated at $X in 2021, remaining relatively unchanged against the previous year. The total consumption indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +5.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +53.4% against 2019 indices. Over the period under review, the market reached the peak level in 2021 and is expected to retain growth in the near future.

Production of Gym and Fitness Equipment in Africa

In value terms, gym and fitness equipment production fell rapidly to $X in 2021 estimated in export price. Over the period under review, production, however, showed a buoyant expansion. The pace of growth was the most pronounced in 2020 when the production volume increased by 162%. As a result, production attained the peak level of $X, and then contracted notably in the following year.

Exports of Gym and Fitness Equipment

Exports in Africa

Gym and fitness equipment exports skyrocketed to X tons in 2021, with an increase of 54% compared with the previous year's figure. Total exports indicated pronounced growth from 2012 to 2021: its volume increased at an average annual rate of +2.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +108.0% against 2017 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, gym and fitness equipment exports skyrocketed to $X in 2021. Over the period under review, exports saw a pronounced increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The shipments of the three major exporters of gym and fitness equipment, namely South Africa, Tunisia and Mauritius, represented more than two-thirds of total export.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Mauritius (with a CAGR of +56.3%), while the other leaders experienced mixed trends in the exports figures.

In value terms, the largest gym and fitness equipment supplying countries in Africa were Mauritius ($X), South Africa ($X) and Tunisia ($X), with a combined 94% share of total exports.

Among the main exporting countries, Mauritius, with a CAGR of +69.9%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in Africa stood at $X per ton in 2021, growing by 17% against the previous year. Over the last nine years, it increased at an average annual rate of +2.1%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Mauritius ($X per ton), while Tunisia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mauritius (+8.7%), while the other leaders experienced mixed trends in the export price figures.

Imports of Gym and Fitness Equipment

Imports in Africa

Gym and fitness equipment imports soared to X tons in 2021, rising by 25% compared with 2020. Total imports indicated prominent growth from 2012 to 2021: its volume increased at an average annual rate of +7.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +75.0% against 2016 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 26% against the previous year. Over the period under review, imports reached the maximum in 2021 and are likely to see steady growth in the near future.

In value terms, gym and fitness equipment imports soared to $X in 2021. Total imports indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +5.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +71.9% against 2017 indices. The most prominent rate of growth was recorded in 2018 with an increase of 26%. Over the period under review, imports reached the maximum in 2021 and are likely to continue growth in the immediate term.

Imports by Country

South Africa was the key importer of gym and fitness equipment in Africa, with the volume of imports finishing at X tons, which was approx. 38% of total imports in 2021. Morocco (X tons) ranks second in terms of the total imports with a 14% share, followed by Algeria (8.3%), Mauritius (6.7%) and Egypt (5.1%). Kenya (X tons), Tunisia (X tons), Ghana (X tons), Libya (X tons), Nigeria (X tons) and Tanzania (X tons) followed a long way behind the leaders.

Imports into South Africa increased at an average annual rate of +7.3% from 2012 to 2021. At the same time, Mauritius (+33.8%), Tanzania (+22.3%), Morocco (+16.8%), Kenya (+11.7%), Algeria (+9.0%), Ghana (+8.6%) and Tunisia (+7.9%) displayed positive paces of growth. Moreover, Mauritius emerged as the fastest-growing importer imported in Africa, with a CAGR of +33.8% from 2012-2021. Egypt experienced a relatively flat trend pattern. By contrast, Libya (-4.7%) and Nigeria (-7.3%) illustrated a downward trend over the same period. While the share of Morocco (+7.6 p.p.) and Mauritius (+5.8 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Egypt (-4.1 p.p.), Libya (-4.3 p.p.) and Nigeria (-6.2 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported gym and fitness equipment in Africa, comprising 28% of total imports. The second position in the ranking was taken by Morocco ($X), with an 11% share of total imports. It was followed by Egypt, with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of value in South Africa totaled +1.2%. In the other countries, the average annual rates were as follows: Morocco (+12.8% per year) and Egypt (+1.8% per year).

Import Prices by Country

The import price in Africa stood at $X per ton in 2021, leveling off at the previous year. In general, the import price showed a slight descent. The pace of growth appeared the most rapid in 2018 when the import price increased by 11% against the previous year. Over the period under review, import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Egypt ($X per ton), while Nigeria ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ghana (+5.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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