MERCOSUR: Market for Gym and Fitness Equipment 2024

Market Size for Gym and Fitness Equipment in MERCOSUR

In 2022, the MERCOSUR gym and fitness equipment market decreased by -29.1% to $X for the first time since 2019, thus ending a two-year rising trend. In general, consumption, however, showed a relatively flat trend pattern. As a result, consumption attained the peak level of $X, and then declined remarkably in the following year.

Production of Gym and Fitness Equipment in MERCOSUR

In value terms, gym and fitness equipment production reduced slightly to $X in 2022 estimated in export price. Overall, production, however, showed a perceptible reduction. The most prominent rate of growth was recorded in 2013 with an increase of 16%. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

Exports of Gym and Fitness Equipment

Exports in MERCOSUR

In 2022, approx. X tons of gym and fitness equipment were exported in MERCOSUR; rising by 19% on 2021 figures. Total exports indicated a tangible expansion from 2012 to 2022: its volume 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, exports increased by +98.7% against 2015 indices. The most prominent rate of growth was recorded in 2020 with an increase of 25%. The volume of export peaked in 2022 and is likely to continue growth in the near future.

In value terms, gym and fitness equipment exports surged to $X in 2022. Total exports indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +113.5% against 2015 indices. The growth pace was the most rapid in 2017 when exports increased by 35%. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in years to come.

Exports by Country

Brazil (X tons) and Chile (X tons) dominates exports structure, together making up 91% of total exports. Argentina (X tons), Peru (X tons) and Colombia (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Chile (with a CAGR of +24.3%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, Brazil ($X), Chile ($X) and Argentina ($X) constituted the countries with the highest levels of exports in 2022, with a combined 96% share of total exports. Colombia and Peru lagged somewhat behind, together accounting for a further 3.1%.

Peru, with a CAGR of +16.7%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in MERCOSUR stood at $X per ton in 2022, waning by -1.8% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the export price increased by 17% against the previous year. The level of export peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Chile ($X per ton), while Peru ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+1.0%), while the other leaders experienced a decline in the export price figures.

Imports of Gym and Fitness Equipment

Imports in MERCOSUR

In 2022, after two years of growth, there was significant decline in purchases abroad of gym and fitness equipment, when their volume decreased by -34% to X tons. In general, imports, however, recorded slight growth. The pace of growth appeared the most rapid in 2020 with an increase of 56%. The volume of import peaked at X tons in 2021, and then contracted notably in the following year.

In value terms, gym and fitness equipment imports declined remarkably to $X in 2022. Total imports indicated a slight increase from 2012 to 2022: its value increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +55.0% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 59% against the previous year. As a result, imports reached the peak of $X, and then fell notably in the following year.

Imports by Country

The purchases of the five major importers of gym and fitness equipment, namely Chile, Brazil, Peru, Colombia and Argentina, represented more than two-thirds of total import. It was distantly followed by Ecuador (X tons), achieving a 7.4% share of total imports. Paraguay (X tons) held a relatively small share of total imports.

From 2012 to 2022, the biggest increases were recorded for Ecuador (with a CAGR of +8.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest gym and fitness equipment importing markets in MERCOSUR were Brazil ($X), Chile ($X) and Peru ($X), together comprising 62% of total imports.

Among the main importing countries, Peru, with a CAGR of +7.0%, recorded 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 import price in MERCOSUR amounted to $X per ton, increasing by 7.3% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The level of import peaked at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Paraguay ($X per ton), while Ecuador ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (+0.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform