India - Gym and Fitness Equipment - Market Analysis, Forecast, Size, Trends and Insights
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View PricingIndia's September 2023 Gym and Fitness Equipment Import Declines to $15M
India Gym and Fitness Equipment Imports
In September 2023, approximately 4.6K tons of gym and fitness equipment were imported into India; remaining constant against August 2023 figures. Over the period under review, total imports indicated a moderate increase from September 2022 to September 2023: its volume increased at an average monthly rate of +2.4% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2023 figures, imports increased by +22.2% against May 2023 indices. The most prominent rate of growth was recorded in August 2023 when imports increased by 34% m-o-m. Imports peaked in September 2023.
In value terms, gym and fitness equipment imports reduced slightly to $15M (IndexBox estimates) in September 2023. Overall, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in August 2023 with an increase of 30% against the previous month. As a result, imports reached the peak of $16M, and then contracted slightly in the following month.
| COUNTRY | Import Value of Gym and Fitness Equipment in India (million USD) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sep 2022 | Oct 2022 | Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 | Mar 2023 | Apr 2023 | May 2023 | Jun 2023 | Jul 2023 | Aug 2023 | Sep 2023 | |
| China | 10.5 | 8.5 | 7.6 | 8.1 | 7.3 | 7.9 | 8.6 | 7.9 | 9.4 | 7.5 | 9.4 | 11.9 | 12.1 |
| United States | 1.4 | 1.2 | 1.0 | 1.5 | 1.4 | 0.8 | 1.5 | 0.9 | 1.2 | 0.3 | 0.8 | 0.6 | 1.1 |
| Taiwan (Chinese) | 1.2 | 1.0 | 0.9 | 1.4 | 0.8 | 0.9 | 1.1 | 1.1 | 1.0 | 1.0 | 0.4 | 1.3 | 0.7 |
| Hong Kong | 0.2 | 0.4 | 0.2 | < 0.1 | 0.5 | < 0.1 | < 0.1 | 0.2 | 0.2 | 0.2 | < 0.1 | 0.5 | 0.4 |
| Others | 1.1 | 1.0 | 1.1 | 1.0 | 1.5 | 0.7 | 2.0 | 1.3 | 1.0 | 2.5 | 1.4 | 1.4 | 1.2 |
| Total | 14.3 | 12.1 | 10.7 | 11.9 | 11.6 | 10.4 | 13.2 | 11.3 | 12.8 | 11.5 | 12.1 | 15.7 | 15.4 |
Imports by Country
In September 2023, China (4.2K tons) was the main gym and fitness equipment supplier to India, accounting for a 92% share of total imports. It was followed by Hong Kong (125 tons), with a 2.7% share of total imports. The United States (89 tons) ranked third in terms of total imports with a 1.9% share.
From September 2022 to September 2023, the average monthly growth rate of volume from China stood at +2.7%. The remaining supplying countries recorded the following average monthly rates of imports growth: Hong Kong (+9.3% per month) and the United States (-3.2% per month).
In value terms, China ($12M) constituted the largest supplier of gym and fitness equipment to India, comprising 78% of total imports. The second position in the ranking was taken by the United States ($1.1M), with a 7.3% share of total imports. It was followed by Taiwan (Chinese), with a 4.3% share.
From September 2022 to September 2023, the average monthly growth rate of value from China totaled +1.2%. The remaining supplying countries recorded the following average monthly rates of imports growth: the United States (-1.8% per month) and Taiwan (Chinese) (-4.6% per month).
Import Prices by Country
In September 2023, the gym and fitness equipment price stood at $3,345 per ton (CIF, India), reducing by -2.7% against the previous month. In general, the import price recorded a mild descent. The pace of growth appeared the most rapid in December 2022 an increase of 40% month-to-month. Over the period under review, average import prices reached the peak figure at $4,247 per ton in January 2023; however, from February 2023 to September 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was the United States ($12,611 per ton), while the price for China ($2,846 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+2.3%), while the prices for the other major suppliers experienced mixed trend patterns.
This report provides an in-depth analysis of the market for gym and fitness equipment in India. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 32301400 - Gymnasium or athletics articles and equipment
Country coverage:
- India
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in India
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
