Europe: Market for Gym and Fitness Equipment 2023

Market Size for Gym and Fitness Equipment in Europe

In 2021, the Europe gym and fitness equipment market increased by 62% to $X, rising for the fifth consecutive year after two years of decline. Overall, consumption recorded a significant expansion. Over the period under review, the market hit record highs in 2021 and is expected to retain growth in years to come.

Production of Gym and Fitness Equipment in Europe

In value terms, gym and fitness equipment production reached $X in 2021 estimated in export price. The total production indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +5.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +125.0% against 2016 indices. The most prominent rate of growth was recorded in 2020 when the production volume increased by 28% against the previous year. The level of production peaked in 2021 and is expected to retain growth in the near future.

Exports of Gym and Fitness Equipment

Exports in Europe

In 2021, approx. X tons of gym and fitness equipment were exported in Europe; jumping by 38% on 2020 figures. In general, exports showed a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 1,669%. The volume of export peaked in 2021 and is likely to see steady growth in years to come.

In value terms, gym and fitness equipment exports skyrocketed to $X in 2021. Overall, exports recorded significant growth. The pace of growth was the most pronounced in 2020 with an increase of 1,164% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in years to come.

Exports by Country

In 2021, the Netherlands (X tons), Belgium (X tons), Spain (X tons), Germany (X tons) and France (X tons) was the major exporter of gym and fitness equipment in Europe, making up 70% of total export. It was distantly followed by Italy (X tons) and Poland (X tons), together making up a 12% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Belgium (with a CAGR of +103.2%), while the other leaders experienced more modest paces of growth.

In value terms, the largest gym and fitness equipment supplying countries in Europe were the Netherlands ($X), Italy ($X) and Germany ($X), together accounting for 52% of total exports. Belgium, Spain, France and Poland lagged somewhat behind, together comprising a further 26%.

Among the main exporting countries, Belgium, with a CAGR of +112.8%, recorded the highest rates of growth with regard to 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 export price in Europe stood at $X per ton in 2021, surging by 4.1% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 29%. As a result, the export price attained the peak level of $X per ton. From 2019 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Italy ($X per ton), while Belgium ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+34.9%), while the other leaders experienced more modest paces of growth.

Imports of Gym and Fitness Equipment

Imports in Europe

In 2021, approx. X tons of gym and fitness equipment were imported in Europe; picking up by 54% compared with 2020 figures. Overall, imports saw a significant expansion. The pace of growth appeared the most rapid in 2020 when imports increased by 457%. Over the period under review, imports reached the peak figure in 2021 and are likely to see steady growth in the immediate term.

In value terms, gym and fitness equipment imports surged to $X in 2021. Over the period under review, imports recorded a significant expansion. The pace of growth was the most pronounced in 2020 when imports increased by 409% against the previous year. Over the period under review, imports reached the maximum in 2021 and are likely to see gradual growth in the immediate term.

Imports by Country

Germany (X tons), the UK (X tons), the Netherlands (X tons), France (X tons), Spain (X tons), Belgium (X tons), Poland (X tons), Italy (X tons), Russia (X tons), Sweden (X tons), the Czech Republic (X tons) and Denmark (X tons) represented roughly 86% of total imports in 2021.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Belgium (with a CAGR of +104.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the UK ($X) and the Netherlands ($X) constituted the countries with the highest levels of imports in 2021, together comprising 41% of total imports. These countries were followed by Spain, France, Belgium, Italy, Poland, Sweden, Russia, Denmark and the Czech Republic, which together accounted for a further 42%.

Belgium, with a CAGR of +111.5%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Europe amounted to $X per ton, rising by 3.7% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 9.4% against the previous year. As a result, import price attained the peak level of $X per ton. From 2019 to 2021, the import prices remained at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Denmark ($X per ton), while Poland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Czech Republic (+21.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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