Kuwait: Market for Gym and Fitness Equipment 2024

Market Size for Gym and Fitness Equipment in Kuwait

For the third year in a row, the Kuwaiti gym and fitness equipment market recorded growth in sales value, which increased by X% to $X in 2022. Overall, consumption, however, saw a resilient expansion. Over the period under review, the market reached the maximum level in 2022 and is likely to continue growth in years to come.

Production of Gym and Fitness Equipment in Kuwait

In value terms, gym and fitness equipment production contracted to $X in 2022 estimated in export price. In general, production, however, posted strong growth. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a somewhat lower figure.

Exports of Gym and Fitness Equipment

Exports from Kuwait

In 2022, the amount of gym and fitness equipment exported from Kuwait contracted significantly to X tons, waning by X% on 2021. In general, exports faced a deep reduction. The pace of growth was the most pronounced in 2018 when exports increased by X% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, gym and fitness equipment exports fell dramatically to $X in 2022. Over the period under review, exports continue to indicate a perceptible descent. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, the exports attained the peak figure at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Saudi Arabia (X tons) was the main destination for gym and fitness equipment exports from Kuwait, with a X% share of total exports. Moreover, gym and fitness equipment exports to Saudi Arabia exceeded the volume sent to the second major destination, the United Arab Emirates (X tons), fivefold. Iraq (X tons) ranked third in terms of total exports with an X% share.

From 2013 to 2022, the average annual growth rate of volume to Saudi Arabia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (X% per year) and Iraq (X% per year).

In value terms, Saudi Arabia ($X) remains the key foreign market for gym and fitness equipment exports from Kuwait, comprising X% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a X% share of total exports. It was followed by Iraq, with an X% share.

From 2013 to 2022, the average annual growth rate of value to Saudi Arabia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (X% per year) and Iraq (X% per year).

Export Prices by Country

The average gym and fitness equipment export price stood at $X per ton in 2022, picking up by X% against the previous year. Over the period under review, export price indicated buoyant growth from 2013 to 2022: its price increased at an average annual rate of X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, gym and fitness equipment export price increased by X% against 2020 indices. The pace of growth was the most pronounced in 2014 when the average export price increased by X%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the near future.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Lebanon ($X per ton) and China ($X per ton), while the average price for exports to Qatar ($X per ton) and the United Arab Emirates ($X per ton) were amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Lebanon (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Gym and Fitness Equipment

Imports into Kuwait

In 2022, after two years of growth, there was significant decline in supplies from abroad of gym and fitness equipment, when their volume decreased by X% to X tons. Overall, imports showed a pronounced curtailment. The growth pace was the most rapid in 2020 when imports increased by X%. Imports peaked at X tons in 2021, and then shrank rapidly in the following year.

In value terms, gym and fitness equipment imports expanded modestly to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2013 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in years to come.

Imports by Country

China (X tons), the United States (X tons) and Italy (X tons) were the main suppliers of gym and fitness equipment imports to Kuwait, with a combined X% share of total imports. Taiwan (Chinese), Slovakia, the UK, Germany and the United Arab Emirates lagged somewhat behind, together accounting for a further X%.

From 2013 to 2022, the biggest increases were recorded for Slovakia (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest gym and fitness equipment suppliers to Kuwait were China ($X), the United States ($X) and Italy ($X), together comprising X% of total imports. Taiwan (Chinese), Slovakia, the UK, Germany and the United Arab Emirates lagged somewhat behind, together accounting for a further X%.

Slovakia, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average gym and fitness equipment import price amounted to $X per ton, picking up by X% against the previous year. In general, import price indicated a prominent expansion from 2013 to 2022: its price increased at an average annual rate of X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the United States ($X per ton) and Italy ($X per ton), while the price for Slovakia ($X per ton) and China ($X per ton) were amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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