Middle East: Market for Gym and Fitness Equipment 2024

Market Size for Gym and Fitness Equipment in the Middle East

The Middle Eastern gym and fitness equipment market shrank markedly to $X in 2022, falling by -17.6% against the previous year. The total consumption indicated a noticeable increase from 2012 to 2022: its value increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +34.1% against 2016 indices. Over the period under review, the market hit record highs at $X in 2021, and then contracted rapidly in the following year.

Production of Gym and Fitness Equipment in the Middle East

In value terms, gym and fitness equipment production contracted sharply to $X in 2022 estimated in export price. Overall, production, however, recorded a buoyant increase. The growth pace was the most rapid in 2015 with an increase of 127% against the previous year. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Exports of Gym and Fitness Equipment

Exports in the Middle East

In 2022, shipments abroad of gym and fitness equipment decreased by -22% to X tons for the first time since 2019, thus ending a two-year rising trend. Total exports indicated measured growth from 2012 to 2022: its volume increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 when exports increased by 38% against the previous year. As a result, the exports reached the peak of X tons. From 2016 to 2022, the growth of the exports failed to regain momentum.

In value terms, gym and fitness equipment exports expanded to $X in 2022. Total exports indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +7.7% 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 +4.2% against 2018 indices. The growth pace was the most rapid in 2018 when exports increased by 42% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Turkey represented the main exporting country with an export of about X tons, which accounted for 49% of total exports. The United Arab Emirates (X tons) took a 23% share (based on physical terms) of total exports, which put it in second place, followed by Oman (9%), Iran (7.6%) and Israel (5.1%). Lebanon (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to gym and fitness equipment exports from Turkey stood at +1.6%. At the same time, Oman (+68.4%), Israel (+28.2%), Lebanon (+11.9%) and Iran (+11.4%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of +68.4% from 2012-2022. The United Arab Emirates experienced a relatively flat trend pattern. Oman (+8.9 p.p.), Israel (+4.5 p.p.), Iran (+4.1 p.p.) and Lebanon (+2 p.p.) significantly strengthened its position in terms of the total exports, while Turkey and the United Arab Emirates saw its share reduced by -8.2% and -11% from 2012 to 2022, respectively.

In value terms, Turkey ($X) remains the largest gym and fitness equipment supplier in the Middle East, comprising 57% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 21% share of total exports. It was followed by Israel, with an 8.2% share.

From 2012 to 2022, the average annual growth rate of value in Turkey stood at +6.1%. In the other countries, the average annual rates were as follows: the United Arab Emirates (+6.1% per year) and Israel (+30.1% per year).

Export Prices by Country

In 2022, the export price in the Middle East amounted to $X per ton, surging by 30% against the previous year. Export price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+7.0%), while the other leaders experienced more modest paces of growth.

Imports of Gym and Fitness Equipment

Imports in the Middle East

In 2022, purchases abroad of gym and fitness equipment decreased by -15.1% to X tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of 43% against the previous year. The volume of import peaked at X tons in 2021, and then fell significantly in the following year.

In value terms, gym and fitness equipment imports reduced to $X in 2022. Total imports indicated temperate growth 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. The most prominent rate of growth was recorded in 2014 when imports increased by 32%. Over the period under review, imports hit record highs at $X in 2021, and then fell in the following year.

Imports by Country

In 2022, Saudi Arabia (X tons) and the United Arab Emirates (X tons) were the key importers of gym and fitness equipment in the Middle East, together recording near 59% of total imports. Iraq (X tons) ranks next in terms of the total imports with a 9.3% share, followed by Israel (7.9%) and Turkey (7.8%). The following importers - Qatar (X tons) and Oman (X tons) - together made up 6.9% of total imports.

From 2012 to 2022, the biggest increases were recorded for Oman (with a CAGR of +9.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest gym and fitness equipment importing markets in the Middle East were the United Arab Emirates ($X), Saudi Arabia ($X) and Israel ($X), with a combined 65% share of total imports. Iraq, Turkey, Qatar and Oman lagged somewhat behind, together accounting for a further 25%.

Oman, with a CAGR of +11.3%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in the Middle East stood at $X per ton in 2022, increasing by 4.2% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.3%. The pace of growth appeared the most rapid in 2018 an increase of 11% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Israel ($X per ton), while Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Iraq (+3.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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