Overview of the Global Market for Gym and Fitness Equipment

Market Size for Gym and Fitness Equipment

In 2022, after six years of growth, there was significant decline in the global gym and fitness equipment market, when its value decreased by X% to $X. Over the period under review, consumption, however, showed a strong expansion. As a result, consumption reached the peak level of $X, and then fell rapidly in the following year.

Production of Gym and Fitness Equipment

In value terms, gym and fitness equipment production expanded remarkably to $X in 2022 estimated in export price. In general, the total production indicated a strong expansion from 2012 to 2022: its value 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, production decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, global production growth failed to regain momentum.

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Exports of Gym and Fitness Equipment

Exports

In 2022, overseas shipments of gym and fitness equipment decreased by X% to X tons for the first time since 2016, thus ending a five-year rising trend. Over the period under review, exports, however, showed measured growth. The most prominent rate of growth was recorded in 2020 when exports increased by X%. Over the period under review, the global exports attained the peak figure at X tons in 2021, and then declined rapidly in the following year.

In value terms, gym and fitness equipment exports reduced remarkably to $X in 2022. Overall, exports, however, continue to indicate resilient growth. The pace of growth appeared the most rapid in 2020 when exports increased by X%. Over the period under review, the global exports reached the maximum at $X in 2021, and then reduced sharply in the following year.

Exports by Country

China prevails in exports structure, recording X tons, which was approx. X% of total exports in 2022. The following exporters - the Netherlands (X tons), Taiwan (Chinese) (X tons), Spain (X tons), the United States (X tons) and Germany (X tons) - together made up X% of total exports.

From 2012 to 2022, average annual rates of growth with regard to gym and fitness equipment exports from China stood at X%. At the same time, Spain (X%) and the Netherlands (X%) displayed positive paces of growth. Moreover, Spain emerged as the fastest-growing exporter exported in the world, with a CAGR of X% from 2012-2022. Germany experienced a relatively flat trend pattern. By contrast, Taiwan (Chinese) (X%) and the United States (X%) illustrated a downward trend over the same period. While the share of the Netherlands (X p.p.) increased significantly in terms of the global exports from 2012-2022, the share of Taiwan (Chinese) (X p.p.) and the United States (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest gym and fitness equipment supplier worldwide, comprising X% of global exports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a X% share of global exports. It was followed by the United States, with a X% share.

From 2012 to 2022, the average annual growth rate of value in China stood at X%. The remaining exporting countries recorded the following average annual rates of exports growth: Taiwan (Chinese) (X% per year) and the United States (X% per year).

Export Prices by Country

The average gym and fitness equipment export price stood at $X per ton in 2022, increasing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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 the United States ($X per ton), while China ($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 United States (X%), while the other global leaders experienced more modest paces of growth.

Imports of Gym and Fitness Equipment

Imports

After six years of growth, purchases abroad of gym and fitness equipment decreased by X% to X tons in 2022. Over the period under review, imports, however, recorded buoyant growth. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons, and then dropped dramatically in the following year.

In value terms, gym and fitness equipment imports contracted remarkably to $X in 2022. In general, imports, however, continue to indicate resilient growth. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, imports reached the peak of $X, and then declined remarkably in the following year.

Imports by Country

In 2022, the United States (X tons) represented the major importer of gym and fitness equipment, generating X% of total imports. Germany (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by the Netherlands (X%) and the UK (X%). The following importers - France (X tons), Spain (X tons), South Korea (X tons), Japan (X tons), Canada (X tons), Belgium (X tons), Australia (X tons), Italy (X tons) and Poland (X tons) - together made up X% of total imports.

Imports into the United States increased at an average annual rate of X% from 2012 to 2022. At the same time, the Netherlands (X%), South Korea (X%), Spain (X%), Poland (X%), Germany (X%), Italy (X%), the UK (X%), Japan (X%) and Canada (X%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing importer imported in the world, with a CAGR of X% from 2012-2022. France and Belgium experienced a relatively flat trend pattern. By contrast, Australia (X%) illustrated a downward trend over the same period. While the share of the United States (X p.p.) and the Netherlands (X p.p.) increased significantly in terms of the global imports from 2012-2022, the share of Belgium (X p.p.), the UK (X p.p.), Germany (X p.p.), France (X p.p.) and Australia (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported gym and fitness equipment worldwide, comprising X% of global imports. The second position in the ranking was taken by Germany ($X), with a X% share of global imports. It was followed by the Netherlands, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in the United States totaled X%. The remaining importing countries recorded the following average annual rates of imports growth: Germany (X% per year) and the Netherlands (X% per year).

Import Prices by Country

The average gym and fitness equipment import price stood at $X per ton in 2022, increasing by X% against the previous year. In general, the import price, however, continues to indicate a slight contraction. Global import price peaked at $X per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

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 Canada ($X per ton), while the United States ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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