Report Asia - Gym and Fitness Equipment - Market Analysis, Forecast, Size, Trends and Insights for 499$
Latest Report Update: Jan 25, 2023

Asia - Gym and Fitness Equipment - Market Analysis, Forecast, Size, Trends and Insights

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Asia: Market for Gym and Fitness Equipment 2023

Market Size for Gym and Fitness Equipment in Asia

In 2021, after three years of growth, there was significant decline in the Asian gym and fitness equipment market, when its value decreased by -11.9% to $X. In general, consumption enjoyed prominent growth. As a result, consumption reached the peak level of $X, and then reduced in the following year.

Production of Gym and Fitness Equipment in Asia

In value terms, gym and fitness equipment production reduced rapidly to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a buoyant increase. The growth pace was the most rapid in 2020 when the production volume increased by 79% against the previous year. As a result, production attained the peak level of $X, and then reduced notably in the following year.

Exports of Gym and Fitness Equipment

Exports in Asia

In 2021, shipments abroad of gym and fitness equipment increased by 27% to X tons, rising for the fifth consecutive year after two years of decline. Over the period under review, exports recorded a prominent expansion. The most prominent rate of growth was recorded in 2017 when exports increased by 158%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the immediate term.

In value terms, gym and fitness equipment exports skyrocketed to $X in 2021. In general, exports posted a remarkable increase. The pace of growth was the most pronounced in 2020 when exports increased by 72%. Over the period under review, the exports reached the maximum in 2021 and are expected to retain growth in the near future.

Exports by Country

China prevails in exports structure, recording X tons, which was approx. 92% of total exports in 2021. It was distantly followed by Taiwan (Chinese) (X tons), constituting a 6.9% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to gym and fitness equipment exports from China stood at +11.6%. At the same time, Taiwan (Chinese) (+13.3%) displayed positive paces of growth. Moreover, Taiwan (Chinese) emerged as the fastest-growing exporter exported in Asia, with a CAGR of +13.3% from 2012-2021. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest gym and fitness equipment supplier in Asia, comprising 82% of total exports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 16% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in China amounted to +13.4%.

Export Prices by Country

The export price in Asia stood at $X per ton in 2021, increasing by 7.4% against the previous year. In general, the export price posted a mild expansion. The growth pace was the most rapid in 2016 an increase of 138% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2017 to 2021, the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Taiwan (Chinese) ($X per ton), while China stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+2.5%).

Imports of Gym and Fitness Equipment

Imports in Asia

In 2021, supplies from abroad of gym and fitness equipment increased by 15% to X tons, rising for the fifth year in a row after two years of decline. Overall, imports posted a buoyant increase. The growth pace was the most rapid in 2020 with an increase of 41% against the previous year. The volume of import peaked in 2021 and is expected to retain growth in the immediate term.

In value terms, gym and fitness equipment imports soared to $X in 2021. Over the period under review, imports showed a prominent expansion. The growth pace was the most rapid in 2020 when imports increased by 24% against the previous year. The level of import peaked in 2021 and is expected to retain growth in the immediate term.

Imports by Country

South Korea (X tons), Japan (X tons), Taiwan (Chinese) (X tons), India (X tons), Malaysia (X tons), Vietnam (X tons), Thailand (X tons), Saudi Arabia (X tons), Indonesia (X tons) and the United Arab Emirates (X tons) represented roughly 80% of total imports in 2021.

From 2012 to 2021, the biggest increases were in India (with a CAGR of +27.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X), Japan ($X) and Taiwan (Chinese) ($X) constituted the countries with the highest levels of imports in 2021, with a combined 37% share of total imports. These countries were followed by Vietnam, India, the United Arab Emirates, Malaysia, Saudi Arabia, Thailand and Indonesia, which together accounted for a further 35%.

In terms of the main importing countries, Vietnam, with a CAGR of +31.0%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Asia stood at $X per ton in 2021, with an increase of 4.3% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of 5.5% against the previous year. The level of import peaked at $X per ton in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+3.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

Base Year Historical Period Forecast Period Units
2022 2012-2022 2023-2030 US$, Tons

Frequently Asked Questions (FAQ) :

What are the largest markets for gym and fitness equipment in Asia?
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The country with the largest volume of gym and fitness equipment consumption was China, accounting for 44% of total volume. Moreover, gym and fitness equipment consumption in China exceeded the figures recorded by the second-largest consumer, South Korea, fivefold. Pakistan ranked third in terms of total consumption with an 8% share.
What are the largest producers of gym and fitness equipment in Asia?
+
China constituted the country with the largest volume of gym and fitness equipment production, comprising approx. 92% of total volume. Moreover, gym and fitness equipment production in China exceeded the figures recorded by the second-largest producer, Taiwan Chinese), more than tenfold.
What are the leading exporters of gym and fitness equipment in Asia?
+
In value terms, China remains the largest gym and fitness equipment supplier in Asia, comprising 82% of total exports. The second position in the ranking was taken by Taiwan Chinese), with a 16% share of total exports.
What are the leading importers of gym and fitness equipment in Asia?
+
In value terms, the largest gym and fitness equipment importing markets in Asia were South Korea, Japan and Taiwan Chinese), together accounting for 37% of total imports. These countries were followed by Vietnam, India, the United Arab Emirates, Malaysia, Saudi Arabia, Thailand and Indonesia, which together accounted for a further 35%.
What is the average export price for gym and fitness equipment in Asia?
+
The export price in Asia stood at $3,652 per ton in 2021, growing by 7.4% against the previous year.
What is the average import price for gym and fitness equipment in Asia?
+
The import price in Asia stood at $4,508 per ton in 2021, rising by 4.3% against the previous year.

This report provides an in-depth analysis of the market for gym and fitness equipment in Asia. 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:
• Afghanistan
• Armenia
• Bahrain
• Bhutan
• Brunei Darussalam
• Cambodia
• Democratic People's Republic of Korea
• Georgia
• Jordan
• Kyrgyzstan
• Lao People's Democratic Republic
• Lebanon
• Macao SAR
• Maldives
• Mongolia
• Nepal
• Palestine
• Syrian Arab Republic
• Taiwan (Chinese)
• Tajikistan
• Timor-Leste
• Turkmenistan
• Yemen

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Production in Asia, split by region and country
• Trade (exports and imports) in Asia
• 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:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. 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.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
REPORT DESCRIPTION
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
CONSUMPTION BY COUNTRY
3.3
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
7.2
PRODUCTION BY COUNTRY
8. IMPORTS

The Largest Importers on The Market and How They Succeed

8.1
IMPORTS FROM 2012–2022
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Exporters on The Market and How They Succeed

9.1
EXPORTS FROM 2012–2022
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

11. COUNTRY PROFILES

The Largest Markets And Their Profiles

• Afghanistan
• Armenia
• Azerbaijan
• Bahrain
• Bangladesh
• Bhutan
• Brunei Darussalam
• Cambodia
• China
• Hong Kong SAR
• Macao SAR
• Cyprus
• Georgia
• India
• Indonesia
• Iran
• Iraq
• Israel
• Japan
• Jordan
• Kazakhstan
• Kuwait
• Kyrgyzstan
• Lebanon
• Malaysia
• Maldives
• Mongolia
• Myanmar
• Nepal
• Oman
• Pakistan
• Palestine
• Philippines
• Qatar
• Saudi Arabia
• Singapore
• South Korea
• Sri Lanka
• Syrian Arab Republic
• Taiwan (Chinese)
• Tajikistan
• Thailand
• Timor-Leste
• Turkey
• Turkmenistan
• United Arab Emirates
• Uzbekistan
• Vietnam
• Yemen
• Lao People's Democratic Republic
• Democratic People's Republic of Korea
LIST OF TABLES
Table 1:
Key Findings In 2022
Table 2:
Market Volume, In Physical Terms, 2012–2022
Table 3:
Market Value, 2012–2022
Table 4:
Per Capita Consumption, By Country, 2018–2022
Table 5:
Production, In Physical Terms, By Country, 2012–2022
Table 6:
Imports, In Physical Terms, By Country, 2012–2022
Table 7:
Imports, In Value Terms, By Country, 2012–2022
Table 8:
Import Prices, By Country Of Destination, 2012–2022
Table 9:
Exports, In Physical Terms, By Country, 2012–2022
Table 10:
Exports, In Value Terms, By Country, 2012–2022
Table 11:
Export Prices, By Country Of Origin, 2012–2022
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2022
Figure 2:
Market Value, 2012–2022
Figure 3:
Consumption, By Country, 2022
Figure 4:
Market Forecast To 2030
Figure 5:
Products: Market Size And Growth, By Type
Figure 6:
Products: Average Per Capita Consumption, By Type
Figure 7:
Products: Exports And Growth, By Type
Figure 8:
Products: Export Prices And Growth, By Type
Figure 9:
Production Volume And Growth
Figure 10:
Exports And Growth
Figure 11:
Export Prices And Growth
Figure 12:
Market Size And Growth
Figure 13:
Per Capita Consumption
Figure 14:
Imports And Growth
Figure 15:
Import Prices
Figure 16:
Production, In Physical Terms, 2012–2022
Figure 17:
Production, In Value Terms, 2012–2022
Figure 18:
Production, By Country, 2022
Figure 19:
Production, In Physical Terms, By Country, 2012–2022
Figure 20:
Imports, In Physical Terms, 2012–2022
Figure 21:
Imports, In Value Terms, 2012–2022
Figure 22:
Imports, In Physical Terms, By Country, 2022
Figure 23:
Imports, In Physical Terms, By Country, 2012–2022
Figure 24:
Imports, In Value Terms, By Country, 2012–2022
Figure 25:
Import Prices, By Country, 2012–2022
Figure 26:
Exports, In Physical Terms, 2012–2022
Figure 27:
Exports, In Value Terms, 2012–2022
Figure 28:
Exports, In Physical Terms, By Country, 2022
Figure 29:
Exports, In Physical Terms, By Country, 2012–2022
Figure 30:
Exports, In Value Terms, By Country, 2012–2022
Figure 31:
Export Prices, 2012–2022
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