Egypt: Market for Gym and Fitness Equipment 2024

Market Size for Gym and Fitness Equipment in Egypt

In 2022, the Egyptian gym and fitness equipment market decreased by -37% to $X, falling for the third year in a row after two years of growth. Overall, consumption continues to indicate a deep slump. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Exports of Gym and Fitness Equipment

Exports from Egypt

In 2022, approx. X tons of gym and fitness equipment were exported from Egypt; shrinking by -84.1% against the previous year. Overall, exports recorded a abrupt setback. The pace of growth appeared the most rapid in 2017 with an increase of 1,202%. Over the period under review, the exports reached the maximum at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, gym and fitness equipment exports fell markedly to $X in 2022. In general, exports continue to indicate a abrupt slump. The pace of growth appeared the most rapid in 2019 with an increase of 439% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2021, and then shrank remarkably in the following year.

Exports by Country

Libya (X tons), Saudi Arabia (X tons) and Sudan (X kg) were the main destinations of gym and fitness equipment exports from Egypt, together accounting for 89% of total exports.

From 2012 to 2022, the biggest increases were recorded for Sudan (with a CAGR of +46.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for gym and fitness equipment exported from Egypt were Saudi Arabia ($X), Libya ($X) and Sudan ($X), with a combined 84% share of total exports.

Sudan, with a CAGR of +46.5%, recorded the highest rates of growth with regard to the value of exports, in terms of 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

The average gym and fitness equipment export price stood at $X per ton in 2022, jumping by 48% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when the average export price increased by 694%. Over the period under review, the average export prices reached the maximum at $X per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

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 Saudi Arabia ($X per ton), while the average price for exports to Libya ($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 Libya (+49.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Gym and Fitness Equipment

Imports into Egypt

In 2022, supplies from abroad of gym and fitness equipment decreased by -44.7% to X tons, falling for the third year in a row after two years of growth. Over the period under review, imports showed a deep slump. The most prominent rate of growth was recorded in 2018 when imports increased by 67%. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, gym and fitness equipment imports fell remarkably to $X in 2022. In general, imports saw a pronounced shrinkage. The most prominent rate of growth was recorded in 2018 with an increase of 50% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest gym and fitness equipment supplier to Egypt, accounting for a 68% share of total imports. Moreover, gym and fitness equipment imports from China exceeded the figures recorded by the second-largest supplier, Italy (X tons), eightfold. The third position in this ranking was taken by the United States (X tons), with a 5.9% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to -14.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-4.5% per year) and the United States (-6.1% per year).

In value terms, China ($X) constituted the largest supplier of gym and fitness equipment to Egypt, comprising 68% of total imports. The second position in the ranking was held by Italy ($X), with a 9.1% share of total imports. It was followed by the United States, with a 5.9% share.

From 2012 to 2022, the average annual growth rate of value from China stood at -3.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-1.7% per year) and the United States (-3.3% per year).

Import Prices by Country

The average gym and fitness equipment import price stood at $X per ton in 2022, surging by 17% against the previous year. In general, the import price recorded a buoyant increase. The pace of growth was the most pronounced in 2020 an increase of 61%. The import price peaked in 2022 and is expected to retain growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from the United States ($X per ton) and Italy ($X per ton), while the price for Slovakia ($X per ton) and France ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+12.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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