Germany: Market for Gym and Fitness Equipment 2024

Market Size for Gym and Fitness Equipment in Germany

The German gym and fitness equipment market contracted notably to $X in 2022, with a decrease of -40.8% against the previous year. In general, consumption, however, saw a notable expansion. As a result, consumption reached the peak level of $X, and then declined sharply in the following year.

Production of Gym and Fitness Equipment in Germany

In value terms, gym and fitness equipment production reached $X in 2022 estimated in export price. Overall, production, however, continues to indicate a slight descent. The most prominent rate of growth was recorded in 2013 when the production volume increased by 16% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

Exports of Gym and Fitness Equipment

Exports from Germany

In 2022, overseas shipments of gym and fitness equipment decreased by -39% to X tons for the first time since 2017, thus ending a four-year rising trend. Over the period under review, exports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2020 when exports increased by 21% against the previous year. The exports peaked at X tons in 2021, and then shrank dramatically in the following year.

In value terms, gym and fitness equipment exports fell rapidly to $X in 2022. Overall, total exports indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when exports increased by 23%. As a result, the exports attained the peak of $X, and then dropped notably in the following year.

Exports by Country

Austria (X tons), Switzerland (X tons) and the Netherlands (X tons) were the main destinations of gym and fitness equipment exports from Germany, together comprising 38% of total exports. Poland, France, Italy, Spain, the Czech Republic, the UK, Belgium, the United States, Kazakhstan and Sweden lagged somewhat behind, together accounting for a further 43%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Kazakhstan (with a CAGR of +27.7%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for gym and fitness equipment exported from Germany were Austria ($X), Switzerland ($X) and the Netherlands ($X), with a combined 40% share of total exports. France, the United States, Poland, Italy, the UK, Spain, Kazakhstan, Belgium, Sweden and the Czech Republic lagged somewhat behind, together accounting for a further 39%.

Kazakhstan, with a CAGR of +24.8%, 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, rising by 18% against the previous year. Over the last decade, it increased at an average annual rate of +3.6%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to the Czech Republic ($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 Poland (+8.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Gym and Fitness Equipment

Imports into Germany

In 2022, supplies from abroad of gym and fitness equipment decreased by -44.7% to X tons for the first time since 2015, thus ending a six-year rising trend. In general, imports, however, enjoyed pronounced growth. The most prominent rate of growth was recorded in 2021 with an increase of 59% against the previous year. As a result, imports attained the peak of X tons, and then declined rapidly in the following year.

In value terms, gym and fitness equipment imports dropped remarkably to $X in 2022. Overall, imports, however, enjoyed buoyant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 72% against the previous year. As a result, imports reached the peak of $X, and then contracted notably in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest gym and fitness equipment supplier to Germany, accounting for a 84% share of total imports. Moreover, gym and fitness equipment imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), more than tenfold. The Netherlands (X tons) ranked third in terms of total imports with a 2.6% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +3.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-1.3% per year) and the Netherlands (+0.8% per year).

In value terms, China ($X) constituted the largest supplier of gym and fitness equipment to Germany, comprising 65% of total imports. The second position in the ranking was taken by the United States ($X), with a 7.8% share of total imports. It was followed by Taiwan (Chinese), with a 6.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +6.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+4.3% per year) and Taiwan (Chinese) (+0.4% per year).

Import Prices by Country

In 2022, the average gym and fitness equipment import price amounted to $X per ton, growing by 4.3% against the previous year. In general, import price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of +2.0% 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 +13.2% against 2020 indices. The pace of growth was the most pronounced in 2018 when the average import price increased by 26%. As a result, import price reached the peak level of $X per ton. From 2019 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+3.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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