China: Market for Gym and Fitness Equipment 2024

Market Size for Gym and Fitness Equipment in China

The Chinese gym and fitness equipment market surged to $X in 2022, increasing by X% against the previous year. In general, consumption enjoyed a remarkable increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Gym and Fitness Equipment in China

In value terms, gym and fitness equipment production rose markedly to $X in 2022 estimated in export price. Over the period under review, production, however, posted a resilient expansion. The most prominent rate of growth was recorded in 2020 with an increase of X%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

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Exports of Gym and Fitness Equipment

Exports from China

After five years of growth, shipments abroad of gym and fitness equipment decreased by X% to X tons in 2022. In general, exports, however, continue to indicate a moderate expansion. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2021, and then reduced markedly in the following year.

In value terms, gym and fitness equipment exports fell markedly to $X in 2022. Over the period under review, exports, however, enjoyed a resilient increase. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2021, and then reduced markedly in the following year.

Exports by Country

The United States (X tons) was the main destination for gym and fitness equipment exports from China, with 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, Germany (X tons), eightfold. The third position in this ranking was taken by the UK (X tons), with a X% share.

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

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

From 2012 to 2022, the average annual growth rate of value to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (X% per year) and Germany (X% per year).

Export Prices by Country

The average gym and fitness equipment export price stood at $X per ton in 2022, increasing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to Spain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Gym and Fitness Equipment

Imports into China

In 2022, supplies from abroad of gym and fitness equipment decreased by X% to X tons, falling for the sixth year in a row after five years of growth. In general, imports, however, showed a modest expansion. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons. From 2017 to 2022, the growth of imports failed to regain momentum.

In value terms, gym and fitness equipment imports contracted markedly to $X in 2022. Overall, imports, however, continue to indicate prominent growth. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

Taiwan (Chinese) (X tons), the United States (X tons) and Hungary (X tons) were the main suppliers of gym and fitness equipment imports to China, together accounting for X% of total imports. Italy, Slovakia, Germany, Vietnam and South Korea lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Vietnam (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest gym and fitness equipment suppliers to China were Taiwan (Chinese) ($X), the United States ($X) and Italy ($X), together comprising X% of total imports. Hungary, Germany, Slovakia, Vietnam and South Korea lagged somewhat behind, together comprising a further X%.

Among the main suppliers, Vietnam, with a CAGR of X%, 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

In 2022, the average gym and fitness equipment import price amounted to $X per ton, with an increase of X% against the previous year. Over the period under review, import price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, gym and fitness equipment import price increased by X% against 2020 indices. The pace of growth was the most pronounced in 2017 an increase of X%. The import price peaked in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Slovakia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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