Croatia: Market for Gym and Fitness Equipment 2024

Market Size for Gym and Fitness Equipment in Croatia

After eight years of growth, the Croatian gym and fitness equipment market decreased by -25.5% to $X in 2022. Overall, consumption, however, posted strong growth. Over the period under review, the market reached the maximum level at $X in 2021, and then fell markedly in the following year.

Production of Gym and Fitness Equipment in Croatia

In value terms, gym and fitness equipment production shrank to $X in 2022 estimated in export price. Overall, production faced a abrupt shrinkage. The growth pace was the most rapid in 2021 with an increase of 12% against the previous year. Gym and fitness equipment production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Gym and Fitness Equipment

Exports from Croatia

In 2022, approx. X tons of gym and fitness equipment were exported from Croatia; picking up by 26% compared with the previous year's figure. Over the period under review, exports showed significant growth. The growth pace was the most rapid in 2017 when exports increased by 107% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in years to come.

In value terms, gym and fitness equipment exports contracted to $X in 2022. In general, exports recorded significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 91%. The exports peaked at $X in 2021, and then declined in the following year.

Exports by Country

Slovenia (X tons), Serbia (X tons) and Bosnia and Herzegovina (X tons) were the main destinations of gym and fitness equipment exports from Croatia, with a combined 72% share of total exports. Germany, Italy, North Macedonia and Montenegro lagged somewhat behind, together accounting for a further 24%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by North Macedonia (with a CAGR of +77.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for gym and fitness equipment exported from Croatia were Slovenia ($X), Germany ($X) and Serbia ($X), together accounting for 66% of total exports. Bosnia and Herzegovina, Italy, North Macedonia and Montenegro lagged somewhat behind, together accounting for a further 27%.

North Macedonia, with a CAGR of +63.0%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination 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, which is down by -22.2% against the previous year. In general, export price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 an increase of 52%. Over the period under review, the average export prices hit record highs at $X per ton in 2021, and then contracted remarkably in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Bosnia and Herzegovina ($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 Montenegro (+6.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Gym and Fitness Equipment

Imports into Croatia

In 2022, after eight years of growth, there was significant decline in supplies from abroad of gym and fitness equipment, when their volume decreased by -21.5% to X tons. Over the period under review, imports, however, posted prominent growth. The pace of growth appeared the most rapid in 2014 with an increase of 60%. Over the period under review, imports attained the maximum at X tons in 2021, and then shrank remarkably in the following year.

In value terms, gym and fitness equipment imports reduced dramatically to $X in 2022. In general, imports, however, recorded a buoyant increase. The most prominent rate of growth was recorded in 2014 with an increase of 56%. Over the period under review, imports attained the maximum at $X in 2021, and then declined sharply in the following year.

Imports by Country

China (X tons), Italy (X tons) and Slovenia (X tons) were the main suppliers of gym and fitness equipment imports to Croatia, with a combined 70% share of total imports. Germany, the UK, Poland and Slovakia lagged somewhat behind, together comprising a further 23%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the UK (with a CAGR of +53.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest gym and fitness equipment suppliers to Croatia were Italy ($X), China ($X) and Slovenia ($X), with a combined 63% share of total imports. Germany, Poland, the UK and Slovakia lagged somewhat behind, together accounting for a further 26%.

In terms of the main suppliers, the UK, with a CAGR of +33.7%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average gym and fitness equipment import price amounted to $X per ton, rising by 3.9% against the previous year. In general, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of 9.8%. As a result, import price attained the peak level of $X per ton. From 2019 to 2022, the average import prices remained at a somewhat 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 Slovakia ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovenia (+1.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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