South-Eastern Asia: Market for Gym and Fitness Equipment 2024

Market Size for Gym and Fitness Equipment in South-Eastern Asia

In 2022, the Southeast Asian gym and fitness equipment market decreased by X% to $X, falling for the third year in a row after two years of growth. In general, consumption, however, recorded a notable increase. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Production of Gym and Fitness Equipment in South-Eastern Asia

In value terms, gym and fitness equipment production stood at $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 with an increase of X%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

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Exports of Gym and Fitness Equipment

Exports in South-Eastern Asia

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, recorded buoyant growth. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2021, and then dropped in the following year.

In value terms, gym and fitness equipment exports fell to $X in 2022. In general, exports, however, posted a strong increase. The pace of growth was the most pronounced in 2020 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2021, and then contracted in the following year.

Exports by Country

In 2022, Vietnam (X tons) was the major exporter of gym and fitness equipment, achieving X% of total exports. Malaysia (X tons) held the second position in the ranking, distantly followed by Singapore (X tons). All these countries together held approx. X% share of total exports. Thailand (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Vietnam (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest gym and fitness equipment supplying countries in South-Eastern Asia were Vietnam ($X), Malaysia ($X) and Singapore ($X), with a combined X% share of total exports.

Vietnam, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per ton, rising by X% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the export price increased by X%. As a result, the export price attained the peak level of $X per ton. From 2019 to 2022, the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Malaysia ($X per ton), while Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (X%), while the other leaders experienced a decline in the export price figures.

Imports of Gym and Fitness Equipment

Imports in South-Eastern Asia

In 2022, after two years of growth, there was significant decline in purchases abroad of gym and fitness equipment, when their volume decreased by X% to X tons. In general, imports, however, enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2021 when imports increased by X%. As a result, imports attained the peak of X tons, and then fell rapidly in the following year.

In value terms, gym and fitness equipment imports dropped sharply to $X in 2022. Over the period under review, imports, however, enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of $X, and then dropped notably in the following year.

Imports by Country

In 2022, Malaysia (X tons) and Indonesia (X tons) were the major importers of gym and fitness equipment in South-Eastern Asia, together creating X% of total imports. Thailand (X tons) took the next position in the ranking, distantly followed by Singapore (X tons), Vietnam (X tons) and the Philippines (X tons). All these countries together took near X% share of total imports. Myanmar (X tons) held a minor share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Myanmar (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest gym and fitness equipment importing markets in South-Eastern Asia were Malaysia ($X), Indonesia ($X) and Vietnam ($X), together comprising X% of total imports. Thailand, Singapore, the Philippines and Myanmar lagged somewhat behind, together accounting for a further X%.

The Philippines, with a CAGR of X%, recorded the highest rates of growth with regard to 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 2022, the import price in South-Eastern Asia amounted to $X per ton, remaining constant against the previous year. Overall, the import price continues to indicate a slight decline. The most prominent rate of growth was recorded in 2017 when the import price increased by X%. Over the period under review, import prices reached the peak figure at $X per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Vietnam ($X per ton), while Myanmar ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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