Venezuela: Market for Gym and Fitness Equipment 2024

Market Size for Gym and Fitness Equipment in Venezuela

After two years of growth, the Venezuelan gym and fitness equipment market decreased by X% to $X in 2022. Overall, consumption saw a deep downturn. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Exports of Gym and Fitness Equipment

Exports from Venezuela

In 2022, the amount of gym and fitness equipment exported from Venezuela soared to X tons, with an increase of X% against the previous year. Over the period under review, exports, however, showed a abrupt slump. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. The exports peaked at X tons in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, gym and fitness equipment exports skyrocketed to $X in 2022. Overall, exports, however, continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

Exports by Country

Costa Rica (X tons) was the main destination for gym and fitness equipment exports from Venezuela, accounting for a X% share of total exports. Moreover, gym and fitness equipment exports to Costa Rica exceeded the volume sent to the second major destination, the Dominican Republic (X kg), sixfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Costa Rica totaled X%.

In value terms, Costa Rica ($X) emerged as the key foreign market for gym and fitness equipment exports from Venezuela, comprising X% of total exports. The second position in the ranking was held by the Dominican Republic ($X), with an X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Costa Rica stood at X%.

Export Prices by Country

In 2022, the average gym and fitness equipment export price amounted to $X per ton, waning by X% against the previous year. Overall, the export price recorded a noticeable reduction. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. The export price peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the Dominican Republic ($X per ton), while the average price for exports to Costa Rica amounted to $X per ton.

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

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Imports of Gym and Fitness Equipment

Imports into Venezuela

After two years of growth, overseas purchases of gym and fitness equipment decreased by X% to X tons in 2022. Overall, imports showed a sharp contraction. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, gym and fitness equipment imports declined to $X in 2022. In general, imports recorded a abrupt decrease. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest gym and fitness equipment supplier to Venezuela, 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, Spain (X tons), fivefold. The third position in this ranking was held by the United States (X tons), with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (X% per year) and the United States (X% per year).

In value terms, China ($X) constituted the largest supplier of gym and fitness equipment to Venezuela, comprising X% of total imports. The second position in the ranking was taken by the United States ($X), with a X% share of total imports. It was followed by Spain, with an X% share.

From 2012 to 2022, the average annual growth rate of value from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Spain (X% per year).

Import Prices by Country

In 2022, the average gym and fitness equipment import price amounted to $X per ton, with an increase of X% against the previous year. Over the period under review, import price indicated measured growth 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. Based on 2022 figures, gym and fitness equipment import price decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2016 an increase of X%. Over the period under review, average import prices reached the peak figure at $X per ton in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

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

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

Source: IndexBox Platform

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