Northern America: Market for Gym and Fitness Equipment 2023

Market Size for Gym and Fitness Equipment in Northern America

The North American gym and fitness equipment market surged to $X in 2021, growing by 28% against the previous year. In general, consumption enjoyed a buoyant 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 Northern America

In value terms, gym and fitness equipment production shrank to $X in 2021 estimated in export price. The total production indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +7.4% 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 decreased by -4.2% against 2018 indices. The pace of growth appeared the most rapid in 2014 with an increase of 33%. The level of production peaked at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Exports of Gym and Fitness Equipment

Exports in Northern America

Gym and fitness equipment exports totaled X tons in 2021, standing approx. at the previous year. Overall, exports, however, recorded a abrupt slump. The growth pace was the most rapid in 2014 with an increase of 19% against the previous year. As a result, the exports reached the peak of X tons. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, gym and fitness equipment exports surged to $X in 2021. The total export value increased at an average annual rate of +1.9% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The level of export peaked at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

The United States was the main exporter of gym and fitness equipment in Northern America, with the volume of exports amounting to X tons, which was approx. 88% of total exports in 2021. It was distantly followed by Canada (X tons), mixing up a 12% share of total exports.

Exports from the United States decreased at an average annual rate of -8.2% from 2012 to 2021. At the same time, Canada (+4.3%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing exporter exported in Northern America, with a CAGR of +4.3% from 2012-2021. From 2012 to 2021, the share of Canada increased by +7.7 percentage points.

In value terms, the United States ($X) remains the largest gym and fitness equipment supplier in Northern America, comprising 94% of total exports. The second position in the ranking was held by Canada ($X), with a 6% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in the United States amounted to +1.7%.

Export Prices by Country

In 2021, the export price in Northern America amounted to $X per ton, with an increase of 18% against the previous year. Overall, the export price enjoyed a resilient increase. The pace of growth appeared the most rapid in 2020 an increase of 51% against the previous year. Over the period under review, the export prices reached the peak figure in 2021 and is expected to retain growth in years to come.

Prices varied noticeably country of origin: the country with the highest price was the United States ($X per ton), while Canada amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+10.7%).

Imports of Gym and Fitness Equipment

Imports in Northern America

For the third year in a row, Northern America recorded growth in purchases abroad of gym and fitness equipment, which increased by 123% to X tons in 2021. Overall, imports continue to indicate significant growth. 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 skyrocketed to $X in 2021. Over the period under review, imports recorded a resilient increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The United States prevails in imports structure, reaching X tons, which was near 94% of total imports in 2021. It was distantly followed by Canada (X tons), generating a 5.7% share of total imports.

The United States was also the fastest-growing in terms of the gym and fitness equipment imports, with a CAGR of +26.0% from 2012 to 2021. At the same time, Canada (+11.2%) displayed positive paces of growth. The United States (+10 p.p.) significantly strengthened its position in terms of the total imports, while Canada saw its share reduced by -10% from 2012 to 2021, respectively.

In value terms, the United States ($X) constitutes the largest market for imported gym and fitness equipment in Northern America, comprising 87% of total imports. The second position in the ranking was taken by Canada ($X), with a 13% share of total imports.

In the United States, gym and fitness equipment imports increased at an average annual rate of +14.0% over the period from 2012-2021.

Import Prices by Country

The import price in Northern America stood at $X per ton in 2021, with a decrease of -33% against the previous year. Over the period under review, the import price saw a deep setback. The most prominent rate of growth was recorded in 2018 an increase of 9.6%. As a result, import price attained the peak level of $X per ton. From 2019 to 2021, the import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Canada ($X per ton), while the United States stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (-0.3%).

Source: IndexBox Market Intelligence Platform

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