Canada: Market for Gym and Fitness Equipment 2024

Market Size for Gym and Fitness Equipment in Canada

In 2022, the Canadian gym and fitness equipment market decreased by X% to $X for the first time since 2019, thus ending a two-year rising trend. In general, consumption, however, saw moderate growth. As a result, consumption attained the peak level of $X, and then declined markedly in the following year.

Production of Gym and Fitness Equipment in Canada

In value terms, gym and fitness equipment production reduced to $X in 2022 estimated in export price. Over the period under review, production posted strong growth. The pace of growth appeared the most rapid in 2014 when the production volume increased by X% against the previous year. Gym and fitness equipment production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

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Exports of Gym and Fitness Equipment

Exports from Canada

In 2022, shipments abroad of gym and fitness equipment increased by X% to X tons, rising for the fourth consecutive year after two years of decline. Over the period under review, exports recorded a resilient increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, gym and fitness equipment exports skyrocketed to $X in 2022. In general, exports continue to indicate a buoyant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X tons) was the main destination for gym and fitness equipment exports from Canada, accounting for a X% share of total exports. Moreover, gym and fitness equipment exports to the United States exceeded the volume sent to the second major destination, South Korea (X tons), more than tenfold. The third position in this ranking was held by China (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (X% per year) and China (X% per year).

In value terms, the United States ($X) remains the key foreign market for gym and fitness equipment exports from Canada, comprising X% of total exports. The second position in the ranking was taken by South Korea ($X), with a X% share of total exports. It was followed by China, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (X% per year) and China (X% per year).

Export Prices by Country

In 2022, the average gym and fitness equipment export price amounted to $X per ton, with a decrease of X% against the previous year. Overall, the export price continues to indicate a mild decrease. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2019 to 2022, the average export prices failed to regain momentum.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were the Netherlands ($X per ton) and Australia ($X per ton), while the average price for exports to the UK ($X per ton) and South Korea ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (X%), while the prices for the other major destinations experienced a decline.

Imports of Gym and Fitness Equipment

Imports into Canada

After three years of growth, supplies from abroad of gym and fitness equipment decreased by X% to X tons in 2022. Over the period under review, imports, however, recorded a slight expansion. The growth pace was the most rapid in 2021 with an increase of X%. As a result, imports attained the peak of X tons, and then shrank sharply in the following year.

In value terms, gym and fitness equipment imports declined markedly to $X in 2022. Overall, imports, however, saw a noticeable increase. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of $X, and then reduced dramatically in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of gym and fitness equipment to Canada, with a X% share of total imports. Moreover, gym and fitness equipment imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), fivefold. The third position in this ranking was held by Taiwan (Chinese) (X tons), with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Taiwan (Chinese) (X% per year).

In value terms, China ($X) constituted the largest supplier of gym and fitness equipment to Canada, comprising X% of total imports. The second position in the ranking was held by the United States ($X), with a X% share of total imports. It was followed by Taiwan (Chinese), with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Taiwan (Chinese) (X% per year).

Import Prices by Country

In 2022, the average gym and fitness equipment import price amounted to $X per ton, picking up by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Vietnam ($X per ton) and the United States ($X per ton), while the price for Italy ($X per ton) and China ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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