Bangladesh: Market for Gym and Fitness Equipment 2025

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

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