Cyprus: Fitness Equipment Market Overview 2020

Fitness Equipment Market Size in Cyprus

The revenue of the fitness equipment market in Cyprus amounted to $X in 2018, shrinking by -X% against the previous year. In general, fitness equipment consumption continues to indicate a slight expansion. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. In that year, the fitness equipment market reached its peak level of $X, and then declined slightly in the following year.

Fitness Equipment Production in Cyprus

In value terms, fitness equipment production amounted to $X in 2018 estimated in export prices. Over the period under review, fitness equipment production, however, continues to indicate a prominent expansion. The most prominent rate of growth was recorded in 2010 when production volume increased by X% against the previous year. Cyprus fitness equipment production peaked at $X in 2017, and then declined slightly in the following year.

Fitness Equipment Exports

Exports from Cyprus

In 2018, the fitness equipment exports from Cyprus totaled X tonnes, falling by -X% against the previous year. Overall, fitness equipment exports continue to indicate a deep contraction. The growth pace was the most rapid in 2013 when exports increased by X% year-to-year. In that year, fitness equipment exports reached their peak of X tonnes. From 2014 to 2018, the growth of fitness equipment exports remained at a lower figure.

In value terms, fitness equipment exports totaled $X in 2018. In general, fitness equipment exports continue to indicate a drastic drop. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, fitness equipment exports reached their maximum at $X in 2007; however, from 2008 to 2018, exports remained at a lower figure.

Exports by Country

China prevails in fitness equipment exports structure, resulting at X tonnes, which was near X% of total exports in 2018. It was distantly followed by Taiwan, Chinese (X tonnes), achieving a X% share of total exports. Belgium (X tonnes), the Netherlands (X tonnes), Italy (X tonnes), Spain (X tonnes), the U.S. (X tonnes), Germany (X tonnes) and France (X tonnes) followed a long way behind the leaders.

China experienced a relatively flat trend pattern of gymnasium or athletics articles and equipment exports. At the same time, Spain (+X%), the Netherlands (+X%), France (+X%), Italy (+X%), Germany (+X%) and Taiwan, Chinese (+X%) displayed positive paces of growth. Moreover, Spain emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. Belgium experienced a relatively flat trend pattern. By contrast, the U.S. (-X%) illustrated a downward trend over the same period. China (+X p.p.), the Netherlands (+X p.p.) and Spain (+X p.p.) significantly strengthened its position in terms of the global exports, while the U.S. saw its share reduced by -X% from 2007 to 2018, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest fitness equipment supplier from Cyprus, comprising X% of global exports. The second position in the ranking was occupied by Taiwan, Chinese ($X), with a X% share of global exports. It was followed by the U.S., with a X% share.

In China, fitness equipment exports expanded at an average annual rate of +X% over the period from 2007-2018. In the other countries, the average annual rates were as follows: Taiwan, Chinese (+X% per year) and the U.S. (+X% per year).

Export Prices by Country

The fitness equipment export price in Cyprus stood at $X per tonne in 2018, going up by X% against the previous year. Overall, the fitness equipment export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the export price increased by X% against the previous year. Cyprus export price peaked at $X per tonne in 2009; however, from 2010 to 2018, export prices failed to regain their momentum.

Prices varied noticeably by the country of origin; the country with the highest price was the U.S. ($X per tonne), while Belgium ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by the U.S., while the other leaders experienced more modest paces of growth.

Fitness Equipment Imports

Imports into Cyprus

In 2018, the amount of gymnasium or athletics articles and equipment imported into Cyprus totaled X tonnes, lowering by -X% against the previous year. In general, fitness equipment imports continue to indicate an abrupt descent. The pace of growth appeared the most rapid in 2014 with an increase of X% year-to-year. Cyprus imports peaked at X tonnes in 2009; however, from 2010 to 2018, imports stood at a somewhat lower figure.

In value terms, fitness equipment imports amounted to $X in 2018. Overall, fitness equipment imports continue to indicate a mild descent. The growth pace was the most rapid in 2014 when imports increased by X% year-to-year. Cyprus imports peaked at $X in 2008; however, from 2009 to 2018, imports stood at a somewhat lower figure.

Imports by Country

In 2018, the U.S. (X tonnes), distantly followed by Germany (X tonnes), the UK (X tonnes), France (X tonnes) and Spain (X tonnes) were the main importers of gymnasium or athletics articles and equipment, together comprising X% of total imports. The Netherlands (X tonnes), Japan (X tonnes), Belgium (X tonnes), Canada (X tonnes), Australia (X tonnes), Poland (X tonnes) and Italy (X tonnes) followed a long way behind the leaders.

From 2007 to 2018, average annual rates of growth with regard to fitness equipment imports into the U.S. stood at +X%. At the same time, Poland (+X%), the Netherlands (+X%), Spain (+X%), Germany (+X%), Japan (+X%), France (+X%) and Canada (+X%) displayed positive paces of growth. Moreover, Poland emerged as the fastest-growing importer in the world, with a CAGR of +X% from 2007-2018. Italy and Belgium experienced a relatively flat trend pattern. By contrast, Australia (-X%) and the UK (-X%) illustrated a downward trend over the same period. Spain (+X p.p.), the Netherlands (+X p.p.), Germany (+X p.p.), the U.S. (+X p.p.) and Poland (+X p.p.) significantly strengthened its position in terms of the global imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the U.S. ($X) constitutes the largest market for imported gymnasium or athletics articles and equipment into Cyprus, comprising X% of global imports. The second position in the ranking was occupied by Germany ($X), with a X% share of global imports. It was followed by the UK, with a X% share.

From 2007 to 2018, the average annual growth rate of value in the U.S. totaled +X%. In the other countries, the average annual rates were as follows: Germany (+X% per year) and the UK (+X% per year).

Import Prices by Country

In 2018, the fitness equipment import price in Cyprus amounted to $X per tonne, surging by X% against the previous year. In general, the import price indicated prominent growth from 2007 to 2018: its price increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, fitness equipment import price increased by +X% against 2013 indices. The most prominent rate of growth was recorded in 2018 when the import price increased by X% against the previous year. In that year, the import prices for gymnasium or athletics articles and equipment attained their peak level and is likely to continue its growth in the immediate term.

Prices varied noticeably by the country of destination; the country with the highest price was the U.S. ($X per tonne), while Belgium ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Germany, while the other leaders experienced more modest paces of growth.

Source: IndexBox AI Platform