Iceland: Fitness Equipment Market 2020

Fitness Equipment Market Size in Iceland

The revenue of the fitness equipment market in Iceland amounted to $X in 2018, declining by -X% 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). Over the period under review, fitness equipment consumption continues to indicate a moderate shrinkage. The pace of growth was the most pronounced in 2010 with an increase of X% against the previous year. Iceland fitness equipment consumption peaked at $X in 2007; however, from 2008 to 2018, consumption stood at a somewhat lower figure.

Fitness Equipment Exports

Exports from Iceland

In 2018, approx. X kg of gymnasium or athletics articles and equipment were exported from Iceland; approximately reflecting the previous year. Over the period under review, fitness equipment exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010 with an increase of X% against the previous year. In that year, fitness equipment exports attained their peak of X tons. From 2011 to 2018, the growth of fitness equipment exports remained at a lower figure.

In value terms, fitness equipment exports totaled $X in 2018. Over the period under review, fitness equipment exports continue to indicate an abrupt downturn. The most prominent rate of growth was recorded in 2009 with an increase of X% y-o-y. Over the period under review, fitness equipment exports reached their maximum at $X in 2007; however, from 2008 to 2018, exports failed to regain their momentum.

Exports by Country

China prevails in fitness equipment exports structure, reaching X tons, which was near X% of total exports in 2018. It was distantly followed by Taiwan, Chinese (X tons), generating a X% share of total exports. Belgium (X tons), the Netherlands (X tons), Italy (X tons), Spain (X tons), the U.S. (X tons), Germany (X tons) and France (X tons) followed a long way behind the leaders.

China experienced a relatively flat trend pattern of gymnasium or athletics articles and equipment exports. At the same time, Spain (+X%), the Netherlands (+X%), France (+X%), Italy (+X%), Germany (+X%) and Taiwan, Chinese (+X%) displayed positive paces of growth. Moreover, Spain emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. Belgium experienced a relatively flat trend pattern. By contrast, the U.S. (-X%) illustrated a downward trend over the same period. From 2007 to 2018, the share of China, the Netherlands and Spain increased by +X%, +X% and +X% percentage points, while the U.S. (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest fitness equipment supplier from Iceland, comprising X% of global exports. The second position in the ranking was occupied by Taiwan, Chinese ($X), with a X% share of global exports. It was followed by the U.S., with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value in China totaled +X%. The remaining exporting countries recorded the following average annual rates of exports growth: Taiwan, Chinese (+X% per year) and the U.S. (+X% per year).

Export Prices by Country

In 2018, the fitness equipment export price in Iceland amounted to $X per ton, lowering by -X% against the previous year. In general, the fitness equipment export price continues to indicate a deep downturn. The growth pace was the most rapid in 2009 an increase of X% against the previous year. Iceland export price peaked at $X per ton in 2007; however, from 2008 to 2018, export prices failed to regain their momentum.

Prices varied noticeably by the country of origin; the country with the highest price was the U.S. ($X per ton), while Belgium ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by the U.S., while the other leaders experienced more modest paces of growth.

Fitness Equipment Imports

Imports into Iceland

In 2018, approx. X tons of gymnasium or athletics articles and equipment were imported into Iceland; falling by -X% against the previous year. In general, fitness equipment imports continue to indicate a drastic setback. The most prominent rate of growth was recorded in 2010 with an increase of X% against the previous year. Iceland imports peaked at X tons in 2007; however, from 2008 to 2018, imports failed to regain their momentum.

In value terms, fitness equipment imports stood at $X in 2018. In general, fitness equipment imports continue to indicate a slight decrease. The pace of growth appeared the most rapid in 2010 with an increase of X% year-to-year. Iceland imports peaked at $X in 2007; however, from 2008 to 2018, imports remained at a lower figure.

Imports by Country

In 2018, the U.S. (X tons), distantly followed by Germany (X tons), the UK (X tons), France (X tons) and Spain (X tons) represented the major importers of gymnasium or athletics articles and equipment, together achieving X% of total imports. The following importers - the Netherlands (X tons), Japan (X tons), Belgium (X tons), Canada (X tons), Australia (X tons), Poland (X tons) and Italy (X tons) - together made up X% of total imports.

From 2007 to 2018, average annual rates of growth with regard to fitness equipment imports into the U.S. stood at +X%. At the same time, Poland (+X%), the Netherlands (+X%), Spain (+X%), Germany (+X%), Japan (+X%), France (+X%) and Canada (+X%) displayed positive paces of growth. Moreover, Poland emerged as the fastest-growing importer in the world, with a CAGR of +X% from 2007-2018. Italy and Belgium experienced a relatively flat trend pattern. By contrast, Australia (-X%) and the UK (-X%) illustrated a downward trend over the same period. While the share of Spain (+X p.p.), the Netherlands (+X p.p.), Germany (+X p.p.), the U.S. (+X p.p.) and Poland (+X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the U.S. ($X) constitutes the largest market for imported gymnasium or athletics articles and equipment into Iceland, comprising X% of global imports. The second position in the ranking was occupied by Germany ($X), with a X% share of global imports. It was followed by the UK, with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value in the U.S. totaled +X%. The remaining importing countries recorded the following average annual rates of imports growth: Germany (+X% per year) and the UK (+X% per year).

Import Prices by Country

In 2018, the fitness equipment import price in Iceland amounted to $X per ton, picking up by X% against the previous year. Over the last eleven years, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. In that year, the import prices for gymnasium or athletics articles and equipment reached their peak level and is likely to continue its growth in the immediate term.

Prices varied noticeably by the country of destination; the country with the highest price was the U.S. ($X per ton), while Belgium ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Germany, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform