Pakistan: Market for Gym and Fitness Equipment 2024

Market Size for Gym and Fitness Equipment in Pakistan

The Pakistani gym and fitness equipment market rose slightly to $X in 2022, picking up by X% against the previous year. In general, consumption saw a remarkable increase. Gym and fitness equipment consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Production of Gym and Fitness Equipment in Pakistan

In value terms, gym and fitness equipment production reached $X in 2022 estimated in export price. Overall, production enjoyed a prominent increase. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Gym and fitness equipment production peaked at $X in 2020; afterwards, it flattened through to 2022.

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Exports of Gym and Fitness Equipment

Exports from Pakistan

In 2022, after five years of growth, there was significant decline in shipments abroad of gym and fitness equipment, when their volume decreased by X% to X tons. Over the period under review, exports, however, continue to indicate a prominent expansion. The growth pace was the most rapid in 2014 with an increase of X%. Over the period under review, the exports attained the peak figure at X tons in 2021, and then dropped markedly in the following year.

In value terms, gym and fitness equipment exports fell dramatically to $X in 2022. Overall, exports, however, saw significant growth. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. The exports peaked at $X in 2021, and then fell dramatically in the following year.

Exports by Country

The United States (X tons) was the main destination for gym and fitness equipment exports from Pakistan, with a X% share of total exports. Moreover, gym and fitness equipment exports to the United States exceeded the volume sent to the second major destination, the UK (X tons), fivefold. The third position in this ranking was taken by the United Arab Emirates (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (X% per year) and the United Arab Emirates (X% per year).

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

From 2012 to 2022, the average annual growth rate of value to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (X% per year) and Canada (X% per year).

Export Prices by Country

In 2022, the average gym and fitness equipment export price amounted to $X per ton, growing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The growth pace was the most rapid in 2018 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2019 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($X per ton), while the average price for exports to the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Canada (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Gym and Fitness Equipment

Imports into Pakistan

In 2022, the amount of gym and fitness equipment imported into Pakistan fell dramatically to X tons, which is down by X% against 2021 figures. Over the period under review, imports saw a abrupt setback. The growth pace was the most rapid in 2021 when imports increased by X%. Over the period under review, imports attained the maximum at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, gym and fitness equipment imports declined significantly to $X in 2022. Overall, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X%. Imports peaked at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest gym and fitness equipment supplier to Pakistan, accounting for a X% share of total imports. Moreover, gym and fitness equipment imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), ninefold. The third position in this ranking was taken by South Korea (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (X% per year) and South Korea (X% per year).

In value terms, China ($X) constituted the largest supplier of gym and fitness equipment to Pakistan, comprising X% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a X% share of total imports. It was followed by South Korea, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (X% per year) and South Korea (X% per year).

Import Prices by Country

In 2022, the average gym and fitness equipment import price amounted to $X per ton, rising by X% against the previous year. Overall, import price indicated a buoyant expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. 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.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per ton), while the price for Japan ($X per ton) was amongst the lowest.

From 2012 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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