
Asia-Pacific - Gym and Fitness Equipment - Market Analysis, Forecast, Size, Trends and Insights
Asia-Pacific: Market for Gym and Fitness Equipment 2023
Market Size for Gym and Fitness Equipment in Asia-Pacific
After three years of growth, the Asia-Pacific gym and fitness equipment market decreased by -10.5% to $X in 2021. In general, consumption recorded buoyant growth. As a result, consumption reached the peak level of $X, and then declined in the following year.
Production of Gym and Fitness Equipment in Asia-Pacific
In value terms, gym and fitness equipment production reduced sharply to $X in 2021 estimated in export price. Overall, production showed a buoyant increase. The pace of growth appeared the most rapid in 2020 with an increase of 79%. As a result, production attained the peak level of $X, and then reduced remarkably in the following year.
Exports of Gym and Fitness Equipment
Exports in Asia-Pacific
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. Overall, exports continue to indicate a buoyant increase. The growth pace was the most rapid 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 $X in 2021. Over the period under review, exports showed a strong increase. The pace of growth appeared the most rapid in 2020 when exports increased by 73% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in the immediate term.
Exports by Country
China prevails in exports structure, accounting for X tons, which was near 92% of total exports in 2021. It was distantly followed by Taiwan (Chinese) (X tons), constituting a 6.9% share of total exports.
From 2012 to 2021, average annual rates of growth with regard to gym and fitness equipment exports from China stood at +11.6%. At the same time, Taiwan (Chinese) (+13.3%) displayed positive paces of growth. Moreover, Taiwan (Chinese) emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +13.3% from 2012-2021. The shares of the largest exporters remained relatively stable throughout the analyzed period.
In value terms, China ($X) remains the largest gym and fitness equipment supplier in Asia-Pacific, comprising 82% of total exports. The second position in the ranking was held 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 stood at +13.4%.
Export Prices by Country
In 2021, the export price in Asia-Pacific amounted to $X per ton, increasing by 7.5% against the previous year. In general, the export price continues to indicate a slight expansion. The pace of growth was the most pronounced in 2016 when the export price increased by 139% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2017 to 2021, the export prices remained at a lower figure.
There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Taiwan (Chinese) ($X per ton), while China totaled $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-Pacific
Gym and fitness equipment imports skyrocketed to X tons in 2021, picking up by 20% on the previous year's figure. In general, imports enjoyed a resilient increase. The pace of growth appeared the most rapid in 2020 when imports increased by 36%. The volume of import peaked in 2021 and is likely to see steady growth in the near future.
In value terms, gym and fitness equipment imports soared to $X in 2021. Over the period under review, imports showed strong growth. The pace of growth appeared the most rapid in 2020 with an increase of 25%. The level of import peaked in 2021 and is likely to see gradual growth in the immediate term.
Imports by Country
The purchases of the nine major importers of gym and fitness equipment, namely South Korea, Japan, Australia, Taiwan (Chinese), India, Malaysia, Vietnam, Thailand and Indonesia, represented more than two-thirds of total import. New Zealand (X tons) followed a long way behind the leaders.
From 2012 to 2021, the biggest increases were in India (with a CAGR of +27.2%), while purchases for the other leaders experienced more modest paces of growth.
In value terms, the largest gym and fitness equipment importing markets in Asia-Pacific were Australia ($X), South Korea ($X) and Japan ($X), with a combined 49% share of total imports. These countries were followed by Taiwan (Chinese), Vietnam, India, Malaysia, Thailand, Indonesia and New Zealand, which together accounted for a further 37%.
In terms of the main importing countries, Vietnam, with a CAGR of +31.0%, recorded the highest growth rate of 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-Pacific stood at $X per ton in 2021, rising by 3.6% against the previous year. In general, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of 7.7%. Over the period under review, import prices reached the maximum at $X per ton in 2018; however, from 2019 to 2021, import prices failed to regain momentum.
Prices varied noticeably country of destination: the country with the highest price was Australia ($X per ton), while Indonesia ($X per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+7.9%), while the other leaders experienced more modest paces of growth.
Base Year | Historical Period | Forecast Period | Units |
---|---|---|---|
2022 | 2012-2022 | 2023-2030 | US$, Tons |
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the market for gym and fitness equipment in Asia-Pacific. 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.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Importers on The Market and How They Succeed
The Largest Exporters on The Market and How They Succeed
The Largest Producers on The Market and Their Profiles
The Largest Markets And Their Profiles
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