Report Latin America and the Caribbean - Gym and Fitness Equipment - Market Analysis, Forecast, Size, Trends and Insights for 499$
Latest Report Update: Jan 25, 2023

Latin America and the Caribbean - Gym and Fitness Equipment - Market Analysis, Forecast, Size, Trends and Insights

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Latin America and the Caribbean: Market for Gym and Fitness Equipment 2023

Market Size for Gym and Fitness Equipment in Latin America and the Caribbean

In 2021, the Latin American gym and fitness equipment market increased by 12% to $X, rising for the second year in a row after two years of decline. The total consumption indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +6.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +90.6% against 2019 indices. Over the period under review, the market attained the maximum level in 2021 and is expected to retain growth in the near future.

Production of Gym and Fitness Equipment in Latin America and the Caribbean

In value terms, gym and fitness equipment production reduced markedly to $X in 2021 estimated in export price. Overall, production, however, posted a strong expansion. The most prominent rate of growth was recorded in 2020 with an increase of 172%. As a result, production reached the peak level of $X, and then fell significantly in the following year.

Exports of Gym and Fitness Equipment

Exports in Latin America and the Caribbean

In 2021, after two years of growth, there was significant decline in overseas shipments of gym and fitness equipment, when their volume decreased by -42.2% to X tons. In general, exports showed a perceptible shrinkage. The pace of growth appeared the most rapid in 2020 with an increase of 21%. As a result, the exports reached the peak of X tons, and then contracted rapidly in the following year.

In value terms, gym and fitness equipment exports shrank sharply to $X in 2021. Over the period under review, exports recorded a mild decrease. The growth pace was the most rapid in 2013 with an increase of 19% against the previous year. The level of export peaked at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

Mexico represented the key exporter of gym and fitness equipment in Latin America and the Caribbean, with the volume of exports resulting at X tons, which was approx. 51% of total exports in 2021. Brazil (X tons) took the second position in the ranking, followed by Chile (X tons), Panama (X tons) and Guatemala (X tons). All these countries together held near 42% share of total exports.

Exports from Mexico increased at an average annual rate of +4.3% from 2012 to 2021. At the same time, Chile (+26.3%) and Guatemala (+15.1%) displayed positive paces of growth. Moreover, Chile emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of +26.3% from 2012-2021. By contrast, Brazil (-4.6%) and Panama (-17.1%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Mexico, Chile and Guatemala increased by +24, +11 and +4.4 percentage points, respectively.

In value terms, Mexico ($X) remains the largest gym and fitness equipment supplier in Latin America and the Caribbean, comprising 57% of total exports. The second position in the ranking was held by Chile ($X), with a 14% share of total exports. It was followed by Brazil, with a 12% share.

In Mexico, gym and fitness equipment exports expanded at an average annual rate of +3.0% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Chile (+18.3% per year) and Brazil (-4.6% per year).

Export Prices by Country

In 2021, the export price in Latin America and the Caribbean amounted to $X per ton, increasing by 2.9% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.5%. The most prominent rate of growth was recorded in 2013 when the export price increased by 20%. The level of export peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Chile ($X per ton), while Guatemala ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Panama (+1.8%), while the other leaders experienced mixed trends in the export price figures.

Imports of Gym and Fitness Equipment

Imports in Latin America and the Caribbean

In 2021, approx. X tons of gym and fitness equipment were imported in Latin America and the Caribbean; increasing by 50% on the previous year. Total imports indicated strong growth from 2012 to 2021: its volume increased at an average annual rate of +6.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +105.4% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, gym and fitness equipment imports surged to $X in 2021. Total imports indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +6.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +89.3% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Chile (X tons) and Mexico (X tons) represented the major importers of gym and fitness equipment in 2021, amounting to approx. 25% and 17% of total imports, respectively. Brazil (X tons) held the next position in the ranking, followed by Argentina (X tons), Peru (X tons) and Colombia (X tons). All these countries together held near 34% share of total imports. The following importers - Costa Rica (X tons), Ecuador (X tons), Guatemala (X tons), Uruguay (X tons) and Paraguay (X tons) - together made up 14% of total imports.

From 2012 to 2021, the biggest increases were in Chile (with a CAGR of +20.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X), Chile ($X) and Brazil ($X) were the countries with the highest levels of imports in 2021, together accounting for 61% of total imports.

Chile, with a CAGR of +16.5%, saw the highest rates of growth with regard to the value of imports, among 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 Latin America and the Caribbean amounted to $X per ton, rising by 3% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of 3.5%. The level of import peaked at $X per ton in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (+5.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

Base Year Historical Period Forecast Period Units
2022 2012-2022 2023-2030 US$, Tons

Frequently Asked Questions (FAQ) :

What are the largest markets for gym and fitness equipment in LatAmerica and the Caribbean?
+
The countries with the highest volumes of consumption in 2021 were Mexico, Chile and Brazil, with a combined 61% share of total consumption.
What are the largest producers of gym and fitness equipment in LatAmerica and the Caribbean?
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The country with the largest volume of gym and fitness equipment production was Mexico, accounting for 70% of total volume. Moreover, gym and fitness equipment production in Mexico exceeded the figures recorded by the second-largest producer, Brazil, threefold. The third position in this ranking was taken by Paraguay, with a 3.6% share.
What are the leading suppliers of gym and fitness equipment in LatAmerica and the Caribbean?
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In value terms, Mexico remains the largest gym and fitness equipment supplier in Latin America and the Caribbean, comprising 57% of total exports. The second position in the ranking was held by Chile, with a 14% share of total exports. It was followed by Brazil, with a 12% share.
What are the leading importers of gym and fitness equipment in LatAmerica and the Caribbean?
+
In value terms, Mexico, Chile and Brazil appeared to be the countries with the highest levels of imports in 2021, with a combined 61% share of total imports.
What is the average export price for gym and fitness equipment in LatAmerica and the Caribbean?
+
The export price in Latin America and the Caribbean stood at $9,114 per ton in 2021, growing by 2.9% against the previous year.
What is the average import price for gym and fitness equipment in LatAmerica and the Caribbean?
+
The import price in Latin America and the Caribbean stood at $4,263 per ton in 2021, rising by 3% against the previous year.

This report provides an in-depth analysis of the market for gym and fitness equipment in Latin America and the Caribbean. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.


Product coverage:
• Prodcom 32301400 - Gymnasium or athletics articles and equipment
Country coverage:
• Anguilla
• Antigua and Barbuda
• Aruba
• Bahamas
• Barbados
• Belize
• Bolivia
• British Virgin Islands
• Cayman Islands
• Costa Rica
• Curacao
• El Salvador
• Falkland Islands (Malvinas)
• French Guiana
• Grenada
• Guadeloupe
• Guatemala
• Guyana
• Haiti
• Honduras
• Jamaica
• Martinique
• Montserrat
• Nicaragua
• Panama
• Paraguay
• Saint Kitts and Nevis
• Saint Lucia
• Saint Maarten (Dutch part)
• Saint Vincent and the Grenadines
• Suriname
• Trinidad and Tobago
• Turks and Caicos Islands
• United States Virgin Islands

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Production in Latin America and the Caribbean, split by region and country
• Trade (exports and imports) in Latin America and the Caribbean
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
REPORT DESCRIPTION
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
CONSUMPTION BY COUNTRY
3.3
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
7.2
PRODUCTION BY COUNTRY
8. IMPORTS

The Largest Importers on The Market and How They Succeed

8.1
IMPORTS FROM 2012–2022
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Exporters on The Market and How They Succeed

9.1
EXPORTS FROM 2012–2022
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

11. COUNTRY PROFILES

The Largest Markets And Their Profiles

• Anguilla
• Antigua and Barbuda
• Argentina
• Aruba
• Bahamas
• Barbados
• Belize
• Bolivia
• Brazil
• British Virgin Islands
• Cayman Islands
• Chile
• Colombia
• Costa Rica
• Cuba
• Curacao
• Dominica
• Dominican Republic
• Ecuador
• El Salvador
• Falkland Islands (Malvinas)
• French Guiana
• Grenada
• Guadeloupe
• Guatemala
• Guyana
• Haiti
• Honduras
• Jamaica
• Martinique
• Mexico
• Montserrat
• Nicaragua
• Panama
• Paraguay
• Peru
• Saint Kitts and Nevis
• Saint Lucia
• Saint Vincent and the Grenadines
• Saint Maarten (Dutch part)
• Suriname
• Trinidad and Tobago
• Turks and Caicos Islands
• United States Virgin Islands
• Uruguay
• Venezuela
• Puerto Rico
LIST OF TABLES
Table 1:
Key Findings In 2022
Table 2:
Market Volume, In Physical Terms, 2012–2022
Table 3:
Market Value, 2012–2022
Table 4:
Per Capita Consumption, By Country, 2018–2022
Table 5:
Production, In Physical Terms, By Country, 2012–2022
Table 6:
Imports, In Physical Terms, By Country, 2012–2022
Table 7:
Imports, In Value Terms, By Country, 2012–2022
Table 8:
Import Prices, By Country Of Destination, 2012–2022
Table 9:
Exports, In Physical Terms, By Country, 2012–2022
Table 10:
Exports, In Value Terms, By Country, 2012–2022
Table 11:
Export Prices, By Country Of Origin, 2012–2022
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2022
Figure 2:
Market Value, 2012–2022
Figure 3:
Consumption, By Country, 2022
Figure 4:
Market Forecast To 2030
Figure 5:
Products: Market Size And Growth, By Type
Figure 6:
Products: Average Per Capita Consumption, By Type
Figure 7:
Products: Exports And Growth, By Type
Figure 8:
Products: Export Prices And Growth, By Type
Figure 9:
Production Volume And Growth
Figure 10:
Exports And Growth
Figure 11:
Export Prices And Growth
Figure 12:
Market Size And Growth
Figure 13:
Per Capita Consumption
Figure 14:
Imports And Growth
Figure 15:
Import Prices
Figure 16:
Production, In Physical Terms, 2012–2022
Figure 17:
Production, In Value Terms, 2012–2022
Figure 18:
Production, By Country, 2022
Figure 19:
Production, In Physical Terms, By Country, 2012–2022
Figure 20:
Imports, In Physical Terms, 2012–2022
Figure 21:
Imports, In Value Terms, 2012–2022
Figure 22:
Imports, In Physical Terms, By Country, 2022
Figure 23:
Imports, In Physical Terms, By Country, 2012–2022
Figure 24:
Imports, In Value Terms, By Country, 2012–2022
Figure 25:
Import Prices, By Country, 2012–2022
Figure 26:
Exports, In Physical Terms, 2012–2022
Figure 27:
Exports, In Value Terms, 2012–2022
Figure 28:
Exports, In Physical Terms, By Country, 2022
Figure 29:
Exports, In Physical Terms, By Country, 2012–2022
Figure 30:
Exports, In Value Terms, By Country, 2012–2022
Figure 31:
Export Prices, 2012–2022
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