Denmark: Overview of the Market for Gym and Fitness Equipment 2020

Market Size for Gym and Fitness Equipment in Denmark

In 2018, the Danish gym and fitness equipment market increased by X% to $X, rising for the second consecutive year after two years of decline. In general, the total market indicated a pronounced expansion from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, consumption increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2010 with an increase of X% against the previous year. Over the period under review, the market attained the peak level at $X in 2008; however, from 2009 to 2018, consumption remained at a lower figure.

Production of Gym and Fitness Equipment in Denmark

In value terms, gym and fitness equipment production declined slightly to $X in 2018 estimated in export prices. In general, production recorded a pronounced reduction. The most prominent rate of growth was recorded in 2008 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2009 to 2018, production growth failed to regain the momentum.

Exports of Gym and Fitness Equipment

Exports from Denmark

In 2018, overseas shipments of gym and fitness equipment decreased by -X% to X tonnes, falling for the third year in a row after nine years of growth. In general, exports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when exports increased by X% y-o-y. As a result, exports attained the peak of X tonnes. From 2016 to 2018, the growth exports remained at a somewhat lower figure.

In value terms, gym and fitness equipment exports dropped rapidly to $X in 2018. The total export value increased at an average annual rate of +X% from 2007 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2009 with an increase of X% y-o-y. Over the period under review, exports attained the maximum at $X in 2017, and then dropped dramatically in the following year.

Exports by Country

Sweden (X tonnes) was the main destination for gym and fitness equipment exports from Denmark, accounting for a X% share of total exports. Moreover, gym and fitness equipment exports to Sweden exceeded the volume sent to the second major destination, Norway (X tonnes), twofold. The Netherlands (X tonnes) ranked third in terms of total exports with a X% share.

From 2007 to 2018, the average annual growth rate of volume to Sweden totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (-X% per year) and the Netherlands (+X% per year).

In value terms, the largest markets for gym and fitness equipment exported from Denmark were the Netherlands ($X), Sweden ($X) and Norway ($X), together accounting for X% of total exports. Germany, France, Singapore, Poland, the UK, Finland, Spain, Faroe Islands and Australia lagged somewhat behind, together comprising a further X (+X% per year) recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average gym and fitness equipment export price stood at $X per tonne in 2018, jumping by X% against the previous year. Over the last eleven years, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2009 an increase of X% y-o-y. Over the period under review, average export prices hit record highs in 2018 and is expected to retain growth in the immediate term.

Prices varied noticeably by the country of destination; the country with the highest price was the Netherlands ($X per tonne), while the average price for exports to Sweden ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Singapore, while the prices for the other major destinations experienced more modest paces of growth.

Imports of Gym and Fitness Equipment

Imports into Denmark

In 2018, approx. X tonnes of gym and fitness equipment were imported into Denmark; waning by -X% compared with the year before. Over the period under review, total imports indicated moderate growth from 2007 to 2018: its volume 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, imports increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2010 when imports increased by X% against the previous year. Imports peaked at X tonnes in 2017, and then declined in the following year.

In value terms, gym and fitness equipment imports totaled $X in 2018. Overall, total imports indicated a measured increase from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, imports increased by +X% against 2016 indices. The pace of growth appeared the most rapid in 2010 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2018 and are expected to retain growth in the immediate term.

Imports by Country

In 2018, China (X tonnes) constituted the largest supplier of gym and fitness equipment to Denmark, accounting for a X% share of total imports. Moreover, gym and fitness equipment imports from China exceeded the figures recorded by the second-largest supplier, Germany (X tonnes), eightfold. The third position in this ranking was occupied by Italy (X tonnes), with a X% share.

From 2007 to 2018, 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: Germany (+X% per year) and Italy (-X% per year).

In value terms, China ($X) constituted the largest supplier of gym and fitness equipment to Denmark, comprising X% of total imports. The second position in the ranking was occupied by Italy ($X), with a X% share of total imports. It was followed by Germany, with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value from China stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-X% per year) and Germany (+X% per year).

Import Prices by Country

In 2018, the average gym and fitness equipment import price amounted to $X per tonne, growing by X% against the previous year. Overall, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2011 an increase of X% y-o-y. As a result, import price reached the peak level of $X per tonne. From 2012 to 2018, the growth in terms of the average import prices remained at a somewhat lower figure.

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

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

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for gym and fitness equipment in the world?

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The countries with the highest volumes of gym and fitness equipment consumption in 2018 were China (770K tonnes), the U.S. (442K tonnes) and Pakistan (159K tonnes), with a combined 30% share of global consumption. These countries were followed by Bangladesh, Indonesia, Russia, Nigeria, Germany, the UK, Ethiopia, Iran and France, which together accounted for a further 21%.

What are the largest producers of gym and fitness equipment in the world?

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China (1.8M tonnes) remains the largest gym and fitness equipment producing country worldwide, comprising approx. 41% of total volume. Moreover, gym and fitness equipment production in China exceeded the figures recorded by the second-largest producer, the U.S. (199K tonnes), ninefold. Pakistan (160K tonnes) ranked third in terms of total production with a 3.7% share.

What are the leading suppliers of gym and fitness equipment to Denmark?

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In value terms, China ($26M) constituted the largest supplier of gym and fitness equipment to Denmark, comprising 39% of total imports. The second position in the ranking was occupied by Italy ($9.3M), with a 14% share of total imports. It was followed by Germany, with a 13% share.

What are the leading importers of gym and fitness equipment from Denmark?

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In value terms, the Netherlands ($6.4M), Sweden ($5.3M) and Norway ($3.7M) appeared to be the largest markets for gym and fitness equipment exported from Denmark worldwide, together comprising 51% of total exports. These countries were followed by Germany, France, Singapore, Poland, the UK, Finland, Spain, Faroe Islands and Australia, which together accounted for a further 37%.

What is the average export price for gym and fitness equipment in Denmark?

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The average gym and fitness equipment export price stood at $12,178 per tonne in 2018, rising by 20% against the previous year.

What is the average import price for gym and fitness equipment in Denmark?

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In 2018, the average gym and fitness equipment import price amounted to $5,577 per tonne, with an increase of 14% against the previous year.