Estonia: Fitness Equipment Market 2020

Fitness Equipment Market Size in Estonia

The revenue of the fitness equipment market in Estonia amounted to $X in 2018, surging by X% against the previous year. Over the period under review, fitness equipment consumption, however, continues to indicate measured growth. The pace of growth appeared the most rapid in 2015 with an increase of X% y-o-y. Over the period under review, the fitness equipment market reached its peak figure level in 2018 and is expected to retain its growth in the near future.

Fitness Equipment Production in Estonia

In value terms, fitness equipment production stood at $X in 2018 estimated in export prices. Over the period under review, fitness equipment production continues to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2016 when production volume increased by X% year-to-year. Estonia fitness equipment production peaked in 2018 and is expected to retain its growth in the immediate term.

Fitness Equipment Exports

Exports from Estonia

In 2018, approx. X tons of gymnasium or athletics articles and equipment were exported from Estonia; going up by X% against the previous year. Overall, fitness equipment exports continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2013 when exports increased by X% y-o-y. Over the period under review, fitness equipment exports attained their maximum in 2018 and are expected to retain its growth in the immediate term.

In value terms, fitness equipment exports amounted to $X in 2018. In general, fitness equipment exports continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, fitness equipment exports reached their maximum in 2018 and are likely to continue its growth in the near future.

Exports by Country

China dominates fitness equipment exports structure, finishing at X tons, which was approx. X% of total exports in 2018. It was distantly followed by Taiwan, Chinese (X tons), comprising a X% share of total exports. Belgium (X tons), the Netherlands (X tons), Italy (X tons), Spain (X tons), the U.S. (X tons), Germany (X tons) and France (X tons) occupied a minor share of total exports.

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. While the share of China (+X p.p.), the Netherlands (+X p.p.) and Spain (+X p.p.) increased significantly in terms of the global exports from 2007-2018, the share of the U.S. (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In China, fitness equipment exports increased 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 Estonia stood at $X per ton in 2018, lowering by -X% against the previous year. In general, the fitness equipment export price, however, continues to indicate a buoyant expansion. The pace of growth was the most pronounced in 2015 an increase of X% y-o-y. Estonia export price peaked at $X per ton in 2017, and then declined slightly in the following year.

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

In 2018, the amount of gymnasium or athletics articles and equipment imported into Estonia totaled X tons, increasing by X% against the previous year. Over the period under review, fitness equipment imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when imports increased by X% y-o-y. Over the period under review, fitness equipment imports reached their maximum at X tons in 2008; however, from 2009 to 2018, imports failed to regain their momentum.

In value terms, fitness equipment imports totaled $X in 2018. Over the period under review, fitness equipment imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Estonia imports peaked at $X in 2008; however, from 2009 to 2018, imports failed to regain their momentum.

Imports by Country

In 2018, the U.S. (X tons), distantly followed by Germany (X tons), the UK (X tons), France (X tons) and Spain (X tons) were the largest importers of gymnasium or athletics articles and equipment, together constituting X% of total imports. The Netherlands (X tons), Japan (X tons), Belgium (X tons), Canada (X tons), Australia (X tons), Poland (X tons) and Italy (X tons) 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. From 2007 to 2018, the share of Spain, the Netherlands, Germany, the U.S. and Poland increased by +X%, +X%, +X%, +X% and +X% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the U.S. ($X) constitutes the largest market for imported gymnasium or athletics articles and equipment into Estonia, comprising X% of global imports. The second position in the ranking was occupied by Germany ($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. amounted to +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

The fitness equipment import price in Estonia stood at $X per ton in 2018, waning by -X% against the previous year. Over the period under review, the fitness equipment import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the import price increased by X% year-to-year. In that year, the import prices for gymnasium or athletics articles and equipment reached their peak level of $X per ton. From 2014 to 2018, the growth in terms of the import prices for gymnasium or athletics articles and equipment failed to regain its momentum.

Prices varied noticeably by the country of destination; the country with the highest price was the U.S. ($X per ton), while Belgium ($X per ton) 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 Market Intelligence Platform