Report Update Nov 1, 2024

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

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Belarus: Market for Gym and Fitness Equipment 2024

Market Size for Gym and Fitness Equipment in Belarus

The Belarusian gym and fitness equipment market soared to $X in 2022, jumping by 19% 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). Overall, the total consumption indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +8.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +88.5% against 2016 indices. Over the period under review, the market hit record highs in 2022 and is likely to continue growth in the near future.

Exports of Gym and Fitness Equipment

Exports from Belarus

After six years of growth, shipments abroad of gym and fitness equipment decreased by -58.3% to X tons in 2022. Overall, exports, however, continue to indicate a buoyant expansion. The growth pace was the most rapid in 2019 with an increase of 132% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2021, and then declined notably in the following year.

In value terms, gym and fitness equipment exports declined rapidly to $X in 2022. In general, exports, however, enjoyed prominent growth. The most prominent rate of growth was recorded in 2017 when exports increased by 123%. The exports peaked at $X in 2021, and then contracted significantly in the following year.

Exports by Country

Russia (X tons) was the main destination for gym and fitness equipment exports from Belarus, accounting for a 95% share of total exports. It was followed by Lithuania (X tons), with a 1.6% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Russia stood at +16.4%.

In value terms, Russia ($X) remains the key foreign market for gym and fitness equipment exports from Belarus, comprising 81% of total exports. The second position in the ranking was held by Lithuania ($X), with a 4.6% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Russia totaled +16.1%.

Export Prices by Country

The average gym and fitness equipment export price stood at $X per ton in 2022, with an increase of 81% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Lithuania ($X per ton), while the average price for exports to Russia totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (-0.2%).

Imports of Gym and Fitness Equipment

Imports into Belarus

In 2022, purchases abroad of gym and fitness equipment decreased by -21% to X tons, falling for the second consecutive year after four years of growth. In general, imports, however, saw prominent growth. The most prominent rate of growth was recorded in 2020 with an increase of 52%. As a result, imports attained the peak of X tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, gym and fitness equipment imports amounted to $X in 2022. Over the period under review, imports, however, posted a remarkable increase. The pace of growth appeared the most rapid in 2013 when imports increased by 31% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in years to come.

Imports by Country

In 2022, China (X tons) constituted the largest gym and fitness equipment supplier to Belarus, with a 77% share of total imports. Moreover, gym and fitness equipment imports from China exceeded the figures recorded by the second-largest supplier, Russia (X tons), fourfold.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +11.2%.

In value terms, China ($X) constituted the largest supplier of gym and fitness equipment to Belarus, comprising 59% of total imports. The second position in the ranking was held by Russia ($X), with a 24% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +13.1%.

Import Prices by Country

The average gym and fitness equipment import price stood at $X per ton in 2022, surging by 27% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the average import price increased by 31% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Russia ($X per ton), while the price for China stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+1.7%).

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?

China constituted the country with the largest volume of gym and fitness equipment production, 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. The third position in this ranking was occupied by Pakistan, with a 3.4% share.

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

In value terms, China constituted the largest supplier of gym and fitness equipment to Belarus, comprising 65% of total imports. The second position in the ranking was occupied by Russia, with a 26% share of total imports.

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

In value terms, Russia remains the key foreign market for gym and fitness equipment exports from Belarus, comprising 77% of total exports. The second position in the ranking was occupied by Poland, with a 4.1% share of total exports.

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

The average gym and fitness equipment export price stood at $2,468 per ton in 2021, increasing by 87% against the previous year.

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

The average gym and fitness equipment import price stood at $2,676 per ton in 2021, picking up by 10% against the previous year.

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

Belarus

Data coverage:

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