Kuwait: Market for Gym and Fitness Equipment 2024

Market Size for Gym and Fitness Equipment in Kuwait

In 2022, the Kuwaiti gym and fitness equipment market decreased by -4.4% to $X for the first time since 2019, thus ending a two-year rising trend. In general, consumption, however, recorded a relatively flat trend pattern. Gym and fitness equipment consumption peaked at $X in 2021, and then declined slightly in the following year.

Exports of Gym and Fitness Equipment

Exports from Kuwait

After three years of decline, shipments abroad of gym and fitness equipment increased by 57% to X tons in 2022. In general, exports enjoyed strong growth. The most prominent rate of growth was recorded in 2013 with an increase of 976%. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports remained at a lower figure.

In value terms, gym and fitness equipment exports soared to $X in 2022. Overall, exports recorded a strong increase. The most prominent rate of growth was recorded in 2013 when exports increased by 594%. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Saudi Arabia (X tons), Lebanon (X tons) and Syrian Arab Republic (X tons) were the main destinations of gym and fitness equipment exports from Kuwait, together comprising 67% of total exports. Pakistan, Bahrain, Iran, the United Arab Emirates, Iraq and Oman lagged somewhat behind, together accounting for a further 22%.

From 2012 to 2022, the biggest increases were recorded for Pakistan (with a CAGR of +73.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Saudi Arabia ($X) remains the key foreign market for gym and fitness equipment exports from Kuwait, comprising 48% of total exports. The second position in the ranking was held by Syrian Arab Republic ($X), with a 16% share of total exports. It was followed by Lebanon, with a 7.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Saudi Arabia stood at +24.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Syrian Arab Republic (+30.8% per year) and Lebanon (+47.4% per year).

Export Prices by Country

In 2022, the average gym and fitness equipment export price amounted to $X per ton, declining by -9.2% against the previous year. Over the period under review, the export price recorded a perceptible slump. The growth pace was the most rapid in 2014 an increase of 25% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Oman ($X per ton), while the average price for exports to Pakistan ($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 Iran (+9.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Gym and Fitness Equipment

Imports into Kuwait

In 2022, supplies from abroad of gym and fitness equipment decreased by -5.8% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, imports continue to indicate a mild slump. The pace of growth was the most pronounced in 2020 with an increase of 52% against the previous year. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, gym and fitness equipment imports shrank slightly to $X in 2022. The total import value increased at an average annual rate of +1.3% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The growth pace was the most rapid in 2020 when imports increased by 30% against the previous year. Imports peaked at $X in 2021, and then declined modestly in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest gym and fitness equipment supplier to Kuwait, accounting for a 61% share of total imports. Moreover, gym and fitness equipment imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), fourfold. Taiwan (Chinese) (X tons) ranked third in terms of total imports with a 6.8% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to -2.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-0.9% per year) and Taiwan (Chinese) (-1.7% per year).

In value terms, China ($X), the United States ($X) and Taiwan (Chinese) ($X) were the largest gym and fitness equipment suppliers to Kuwait, together accounting for 75% of total imports.

Among the main suppliers, Taiwan (Chinese), with a CAGR of +1.8%, saw the highest rates of growth with regard to 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 3.2% against the previous year. Over the period under review, import price indicated measured growth from 2012 to 2022: its price increased at an average annual rate of +2.8% 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 decreased by -16.4% against 2019 indices. The pace of growth appeared the most rapid in 2016 when the average import price increased by 50%. Over the period under review, average import prices hit record highs at $X per ton in 2019; however, from 2020 to 2022, import prices remained at a 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 the United States ($X per ton), while the price for Mauritius ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+3.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :