Cuba: Market for Gym and Fitness Equipment 2025

Market Size for Gym and Fitness Equipment in Cuba

The Cuban gym and fitness equipment market dropped rapidly to $X in 2021, with a decrease of -25.4% against the previous year. In general, the total consumption indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +5.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +26.2% against 2019 indices. As a result, consumption attained the peak level of $X, and then dropped significantly in the following year.

Production of Gym and Fitness Equipment in Cuba

In value terms, gym and fitness equipment production reduced to $X in 2021 estimated in export price. In general, production, however, recorded a strong increase. The pace of growth appeared the most rapid in 2015 when the production volume increased by 50%. Over the period under review, production hit record highs at $X in 2020, and then declined in the following year.

Exports of Gym and Fitness Equipment

Exports from Cuba

In 2021, overseas shipments of gym and fitness equipment increased by 580% to X tons, rising for the fourth consecutive year after two years of decline. Over the period under review, exports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2013 with an increase of 1,793%. Over the period under review, the exports attained the peak figure in 2021 and are likely to see steady growth in years to come.

In value terms, gym and fitness equipment exports skyrocketed to $X in 2021. Overall, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2015 when exports increased by 1,707%. The exports peaked in 2021 and are expected to retain growth in years to come.

Exports by Country

The Netherlands (X tons) was the main destination for gym and fitness equipment exports from Cuba, accounting for a 92% share of total exports. Moreover, gym and fitness equipment exports to the Netherlands exceeded the volume sent to the second major destination, Germany (X tons), more than tenfold. Sweden (X kg) ranked third in terms of total exports with a 2.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the Netherlands amounted to +212.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+125.3% per year) and Sweden (0.0% per year).

In value terms, the Netherlands ($X) remains the key foreign market for gym and fitness equipment exports from Cuba, comprising 91% of total exports. The second position in the ranking was held by Germany ($X), with a 4.2% share of total exports. It was followed by Sweden, with a 2.5% share.

From 2012 to 2021, the average annual growth rate of value to the Netherlands stood at +226.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+91.1% per year) and Sweden (0.0% per year).

Export Prices by Country

In 2021, the average gym and fitness equipment export price amounted to $X per ton, with a decrease of -31% against the previous year. Over the period under review, the export price continues to indicate a abrupt setback. The most prominent rate of growth was recorded in 2015 an increase of 66%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Panama ($X per ton), while the average price for exports to Germany ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Panama (-3.0%), while the prices for the other major destinations experienced a decline.

Imports of Gym and Fitness Equipment

Imports into Cuba

For the sixth consecutive year, Cuba recorded decline in purchases abroad of gym and fitness equipment, which decreased by -41.2% to X tons in 2021. Over the period under review, imports recorded a deep setback. The most prominent rate of growth was recorded in 2015 when imports increased by 127% against the previous year. As a result, imports attained the peak of X tons. From 2016 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, gym and fitness equipment imports shrank remarkably to $X in 2021. Overall, imports continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2015 with an increase of 112% against the previous year. As a result, imports reached the peak of $X. From 2016 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, Panama (X tons) constituted the largest supplier of gym and fitness equipment to Cuba, with a 52% share of total imports. Moreover, gym and fitness equipment imports from Panama exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. Germany (X tons) ranked third in terms of total imports with an 8.9% share.

From 2012 to 2021, the average annual growth rate of volume from Panama amounted to +3.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-30.6% per year) and Germany (+19.5% per year).

In value terms, the largest gym and fitness equipment suppliers to Cuba were Germany ($X), Panama ($X) and China ($X), together comprising 83% of total imports. France, Italy, Mexico, Denmark and Spain lagged somewhat behind, together accounting for a further 15%.

France, with a CAGR of +22.6%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average gym and fitness equipment import price amounted to $X per ton, shrinking by -2.2% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of 18%. As a result, import price reached the peak level of $X per ton. From 2020 to 2021, the average import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Germany ($X per ton), while the price for Denmark ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+1.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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