Estonia: Market for Gym and Fitness Equipment 2024

Market Size for Gym and Fitness Equipment in Estonia

The Estonian gym and fitness equipment market dropped modestly to $X in 2022, remaining constant against the previous year. Over the period under review, consumption, however, posted a resilient increase. As a result, consumption reached the peak level of $X, leveling off in the following year.

Production of Gym and Fitness Equipment in Estonia

In value terms, gym and fitness equipment production declined dramatically to $X in 2022 estimated in export price. In general, production continues to indicate significant growth. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. Gym and fitness equipment production peaked at $X in 2021, and then fell markedly in the following year.

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Exports of Gym and Fitness Equipment

Exports from Estonia

In 2022, after two years of growth, there was significant decline in shipments abroad of gym and fitness equipment, when their volume decreased by X% to X tons. Overall, exports, however, saw a resilient expansion. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2021, and then dropped rapidly in the following year.

In value terms, gym and fitness equipment exports shrank sharply to $X in 2022. In general, exports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2021, and then contracted dramatically in the following year.

Exports by Country

Sweden (X tons), Finland (X tons) and the United States (X tons) were the main destinations of gym and fitness equipment exports from Estonia, with a combined X% share of total exports. Latvia, Italy and Russia lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X), Finland ($X) and the United States ($X) appeared to be the largest markets for gym and fitness equipment exported from Estonia worldwide, with a combined X% share of total exports. Latvia, Italy and Russia lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, Italy, with a CAGR of X%, recorded the highest growth rate of the value of exports, 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 ton in 2022, increasing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2016 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2017 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Sweden ($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 Sweden (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Gym and Fitness Equipment

Imports into Estonia

In 2022, overseas purchases of gym and fitness equipment decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, imports, however, enjoyed strong growth. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. 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 fell notably to $X in 2022. Over the period under review, imports, however, showed a buoyant increase. The pace of growth was the most pronounced in 2021 when imports increased by X%. As a result, imports reached the peak of $X, and then declined remarkably in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest gym and fitness equipment supplier to Estonia, 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, Lithuania (X tons), fourfold. The third position in this ranking was held by Latvia (X tons), with an X% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Lithuania (X% per year) and Latvia (X% per year).

In value terms, China ($X) constituted the largest supplier of gym and fitness equipment to Estonia, comprising X% of total imports. The second position in the ranking was taken by Lithuania ($X), with a X% share of total imports. It was followed by Finland, 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: Lithuania (X% per year) and Finland (X% per year).

Import Prices by Country

The average gym and fitness equipment import price stood at $X per ton in 2022, rising by X% against the previous year. In general, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 an increase of X%. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Latvia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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