Angola: Market for Gym and Fitness Equipment 2024

Market Size for Gym and Fitness Equipment in Angola

The Angolan gym and fitness equipment market dropped notably to $X in 2022, shrinking by -26.6% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption recorded a drastic downturn. Gym and fitness equipment consumption peaked at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Exports of Gym and Fitness Equipment

Exports from Angola

In 2022, the amount of gym and fitness equipment exported from Angola surged to X tons, increasing by 160% against the previous year. Overall, exports, however, saw a deep setback. The pace of growth was the most pronounced in 2014 with an increase of 2,772% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, gym and fitness equipment exports skyrocketed to $X in 2022. Over the period under review, exports, however, faced a deep reduction. The pace of growth appeared the most rapid in 2014 when exports increased by 1,532% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Brazil (X tons), the United States (X tons) and Portugal (X kg) were the main destinations of gym and fitness equipment exports from Angola, with a combined 67% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Portugal (with a CAGR of +16.5%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Portugal ($X) and Brazil ($X) constituted the largest markets for gym and fitness equipment exported from Angola worldwide, together accounting for 52% of total exports. France, Democratic Republic of the Congo, Namibia, Germany, Nigeria, South Africa, the Netherlands and Switzerland lagged somewhat behind, together accounting for a further 27%.

In terms of the main countries of destination, Democratic Republic of the Congo, with a CAGR of +19.2%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average gym and fitness equipment export price amounted to $X per ton, reducing by -14.1% against the previous year. In general, the export price saw a perceptible setback. The growth pace was the most rapid in 2020 when the average export price increased by 121%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to South Africa ($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 Germany (+24.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Gym and Fitness Equipment

Imports into Angola

In 2022, the amount of gym and fitness equipment imported into Angola declined sharply to X tons, which is down by -35% against 2021. In general, imports recorded a abrupt decline. The most prominent rate of growth was recorded in 2021 with an increase of 141% against the previous year. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, gym and fitness equipment imports declined rapidly to $X in 2022. Overall, imports saw a deep contraction. The growth pace was the most rapid in 2021 when imports increased by 79%. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 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 Angola, accounting for a 69% share of total imports. Moreover, gym and fitness equipment imports from China exceeded the figures recorded by the second-largest supplier, Portugal (X tons), sixfold. The third position in this ranking was taken by Italy (X tons), with a 4.6% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to -1.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Portugal (-11.0% per year) and Italy (-7.4% per year).

In value terms, China ($X) constituted the largest supplier of gym and fitness equipment to Angola, comprising 56% of total imports. The second position in the ranking was taken by Portugal ($X), with a 16% share of total imports. It was followed by Italy, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +4.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Portugal (-14.1% per year) and Italy (-9.2% per year).

Import Prices by Country

In 2022, the average gym and fitness equipment import price amounted to $X per ton, jumping by 20% against the previous year. In general, the import price, however, saw a slight curtailment. The import price peaked at $X per ton in 2012; however, from 2013 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 ($X per ton), while the price for Namibia ($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 Arab Emirates (+16.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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