Report Update Nov 1, 2024

Bangladesh - Gym and Fitness Equipment - Market Analysis, Forecast, Size, Trends and Insights

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Bangladesh: Market for Gym and Fitness Equipment 2024

Market Size for Gym and Fitness Equipment in Bangladesh

In 2022, after three years of growth, there was decline in the Bangladeshi gym and fitness equipment market, when its value decreased by -4.3% to $X. Over the period under review, consumption, however, continues to indicate a resilient expansion. Gym and fitness equipment consumption peaked at $X in 2021, and then dropped slightly in the following year.

Exports of Gym and Fitness Equipment

Exports from Bangladesh

In 2022, approx. X tons of gym and fitness equipment were exported from Bangladesh; picking up by 25% against the previous year's figure. In general, exports saw a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of 1,746%. Over the period under review, the exports attained the peak figure at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, gym and fitness equipment exports totaled $X in 2022. Overall, exports posted significant growth. The most prominent rate of growth was recorded in 2013 when exports increased by 2,274%. Over the period under review, the exports hit record highs at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

The Philippines (X tons), Finland (X tons) and Luxembourg (X tons) were the main destinations of gym and fitness equipment exports from Bangladesh, together accounting for 18% of total exports. Slovakia, Germany, the Czech Republic and Poland lagged somewhat behind, together accounting for a further 7.8%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Czech Republic (with a CAGR of +1,133.5%), while the other leaders experienced more modest paces of growth.

In value terms, Finland ($X) remains the key foreign market for gym and fitness equipment exports from Bangladesh, comprising 40% of total exports. The second position in the ranking was held by the Czech Republic ($X), with a 13% share of total exports. It was followed by Luxembourg, with an 11% share.

From 2012 to 2022, the average annual growth rate of value to Finland amounted to +43.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (+1,353.4% per year) and Luxembourg (+663.5% per year).

Export Prices by Country

In 2022, the average gym and fitness equipment export price amounted to $X per ton, dropping by -19.5% against the previous year. In general, the export price, however, continues to indicate a resilient increase. The pace of growth appeared the most rapid in 2014 an increase of 120%. Over the period under review, the average export prices hit record highs at $X per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the Czech Republic ($X per ton), while the average price for exports to the Philippines ($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 Luxembourg (+295.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Gym and Fitness Equipment

Imports into Bangladesh

In 2022, after three years of growth, there was decline in purchases abroad of gym and fitness equipment, when their volume decreased by -1.6% to X tons. Overall, imports, however, recorded buoyant growth. The most prominent rate of growth was recorded in 2014 when imports increased by 219%. Imports peaked at X tons in 2021, and then reduced in the following year.

In value terms, gym and fitness equipment imports reduced to $X in 2022. In general, imports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2014 when imports increased by 308% against the previous year. Over the period under review, imports hit record highs at $X in 2021, and then reduced in the following year.

Imports by Country

In 2022, China (X tons) was the main supplier of gym and fitness equipment to Bangladesh, with a approx. 96% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +18.4%.

In value terms, China ($X) constituted the largest supplier of gym and fitness equipment to Bangladesh.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +25.3%.

Import Prices by Country

In 2022, the average gym and fitness equipment import price amounted to $X per ton, declining by -3.5% against the previous year. Overall, import price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of +4.8% 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 increased by +31.2% against 2017 indices. The growth pace was the most rapid in 2016 an increase of 41% against the previous year. As a result, import price reached the peak level of $X per ton. From 2017 to 2022, the average import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to +5.8% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for gym and fitness equipment in the world?

The United States remains the largest gym and fitness equipment consuming country worldwide, comprising approx. 37% of total volume. Moreover, gym and fitness equipment consumption in the United States exceeded the figures recorded by the second-largest consumer, China, twofold. Russia ranked third in terms of total consumption with a 3.9% share.

What are the largest producers of gym and fitness equipment in the world?

The country with the largest volume of gym and fitness equipment production was China, accounting for 74% of total volume. Moreover, gym and fitness equipment production in China exceeded the figures recorded by the second-largest producer, the United States, more than tenfold. Pakistan ranked third in terms of total production with a 3.4% share.

What are the leading suppliers of gym and fitness equipment to Bangladesh?

In value terms, Italy constituted the largest supplier of gym and fitness equipment to Bangladesh, comprising 56% of total imports. The second position in the ranking was occupied by India, with a 12% share of total imports. It was followed by the United States, with an 11% share.

What are the leading importers of gym and fitness equipment from Bangladesh?

In value terms, Finland remains the key foreign market for gym and fitness equipment exports from Bangladesh, comprising 85% of total exports. The second position in the ranking was occupied by Germany, with a 3.6% share of total exports. It was followed by Kenya, with a 3.1% share.

What is the average export price for gym and fitness equipment in Bangladesh?

In 2021, the average gym and fitness equipment export price amounted to $12,565 per ton, with an increase of 110% against the previous year.

What is the average import price for gym and fitness equipment in Bangladesh?

In 2021, the average gym and fitness equipment import price amounted to $9,266 per ton, picking up by 145% against the previous year.

This report provides an in-depth analysis of the market for gym and fitness equipment in Bangladesh. 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:

Bangladesh

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Bangladesh
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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023