Luxembourg: Market for Gym and Fitness Equipment 2024

Market Size for Gym and Fitness Equipment in Luxembourg

After two years of growth, the Luxembourg gym and fitness equipment market decreased by -53.4% to $X in 2022. Overall, consumption, however, posted a noticeable increase. Over the period under review, the market attained the peak level at $X in 2021, and then fell dramatically in the following year.

Production of Gym and Fitness Equipment in Luxembourg

In value terms, gym and fitness equipment production declined dramatically to $X in 2022 estimated in export price. In general, production recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2015 when the production volume increased by 1,503% against the previous year. As a result, production attained the peak level of $X. From 2016 to 2022, production growth remained at a lower figure.

Exports of Gym and Fitness Equipment

Exports from Luxembourg

In 2022, shipments abroad of gym and fitness equipment decreased by -47.2% to X tons, falling for the fourth consecutive year after two years of growth. In general, exports faced a deep slump. The pace of growth appeared the most rapid in 2017 when exports increased by 95%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, gym and fitness equipment exports reduced remarkably to $X in 2022. Overall, exports saw a deep reduction. The most prominent rate of growth was recorded in 2015 when exports increased by 68% against the previous year. As a result, the exports reached the peak of $X. From 2016 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Belgium (X tons), the Netherlands (X tons) and France (X tons) were the main destinations of gym and fitness equipment exports from Luxembourg, with a combined 97% share of total exports. The UK and Germany lagged somewhat behind, together accounting for a further 2%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the UK (with a CAGR of +32.8%), while the other leaders experienced mixed trend patterns.

In value terms, France ($X) remains the key foreign market for gym and fitness equipment exports from Luxembourg, comprising 59% of total exports. The second position in the ranking was taken by Belgium ($X), with a 25% share of total exports. It was followed by the Netherlands, with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of value to France amounted to -6.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (-19.6% per year) and the Netherlands (+2.4% per year).

Export Prices by Country

In 2022, the average gym and fitness equipment export price amounted to $X per ton, waning by -10.1% against the previous year. Over the period under review, export price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of +2.2% 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 export price decreased by -28.7% against 2020 indices. The most prominent rate of growth was recorded in 2016 when the average export price increased by 40%. As a result, the export price reached the peak level of $X per ton. From 2017 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to the Netherlands ($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 France (+7.0%), while the prices for the other major destinations experienced a decline.

Imports of Gym and Fitness Equipment

Imports into Luxembourg

After three years of growth, purchases abroad of gym and fitness equipment decreased by -52.3% to X tons in 2022. Over the period under review, imports, however, recorded a mild increase. The pace of growth was the most pronounced in 2021 with an increase of 42%. As a result, imports reached the peak of X tons, and then contracted markedly in the following year.

In value terms, gym and fitness equipment imports declined markedly to $X in 2022. In general, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 35% against the previous year. Over the period under review, imports reached the maximum at $X in 2021, and then dropped dramatically in the following year.

Imports by Country

China (X tons), Germany (X tons) and Belgium (X tons) were the main suppliers of gym and fitness equipment imports to Luxembourg, together comprising 64% of total imports. Italy, France, the Netherlands, Portugal and Taiwan (Chinese) lagged somewhat behind, together accounting for a further 19%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of +42.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of gym and fitness equipment to Luxembourg, comprising 35% of total imports. The second position in the ranking was taken by China ($X), with a 16% share of total imports. It was followed by Italy, with a 7.2% share.

From 2012 to 2022, the average annual growth rate of value from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (+5.0% per year) and Italy (+34.5% per year).

Import Prices by Country

In 2022, the average gym and fitness equipment import price amounted to $X per ton, with a decrease of -3.7% against the previous year. Over the period under review, the import price saw a slight reduction. The most prominent rate of growth was recorded in 2013 an increase of 44%. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the average import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+4.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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