Report Update Nov 1, 2024

Myanmar - Gym and Fitness Equipment - Market Analysis, Forecast, Size, Trends and Insights

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Myanmar: Market for Gym and Fitness Equipment 2024

Market Size for Gym and Fitness Equipment in Myanmar

The Myanmar's gym and fitness equipment market rose significantly to $X in 2022, surging by 7.1% against the previous year. Over the period under review, consumption, however, showed a pronounced downturn. As a result, consumption attained the peak level of $X. From 2016 to 2022, the growth of the market remained at a lower figure.

Production of Gym and Fitness Equipment in Myanmar

In value terms, gym and fitness equipment production rose slightly to $X in 2022 estimated in export price. In general, production, however, saw a perceptible downturn. The pace of growth was the most pronounced in 2015 with an increase of 28%. As a result, production reached the peak level of $X. From 2016 to 2022, production growth failed to regain momentum.

Exports of Gym and Fitness Equipment

Exports from Myanmar

In 2022, approx. X kg of gym and fitness equipment were exported from Myanmar; reducing by 99.9% compared with the previous year's figure. Over the period under review, exports saw a precipitous decline. The growth pace was the most rapid in 2020 when exports increased by 114,544%. As a result, the exports attained the peak of X tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, gym and fitness equipment exports contracted significantly to $X in 2022. In general, exports faced a precipitous slump. The pace of growth appeared the most rapid in 2020 with an increase of 359,022%. As a result, the exports attained the peak of $X. From 2021 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Singapore (X kg) was the main destination for gym and fitness equipment exports from Myanmar, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Singapore was relatively modest.

In value terms, Singapore ($X) also remains the key foreign market for gym and fitness equipment exports from Myanmar.

From 2012 to 2022, the average annual rate of growth in terms of value to Singapore totaled +13.3%.

Export Prices by Country

The average gym and fitness equipment export price stood at $X per ton in 2022, growing by 5.2% against the previous year. Overall, the export price posted resilient growth. The most prominent rate of growth was recorded in 2015 an increase of 315%. The export price peaked at $X per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Singapore.

From 2012 to 2022, the rate of growth in terms of prices for Singapore amounted to +13.3% per year.

Imports of Gym and Fitness Equipment

Imports into Myanmar

In 2022, gym and fitness equipment imports into Myanmar surged to X tons, rising by 88% on the year before. Overall, imports posted a significant increase. The growth pace was the most rapid in 2015 with an increase of 109%. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, gym and fitness equipment imports soared to $X in 2022. In general, total imports indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +8.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X tons) was the main supplier of gym and fitness equipment to Myanmar, with a 95% share of total imports. Moreover, gym and fitness equipment imports from China exceeded the figures recorded by the second-largest supplier, Thailand (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +37.5%.

In value terms, China ($X) constituted the largest supplier of gym and fitness equipment to Myanmar, comprising 90% of total imports. The second position in the ranking was held by Thailand ($X), with a 2.9% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China amounted to +13.2%.

Import Prices by Country

The average gym and fitness equipment import price stood at $X per ton in 2022, with a decrease of -14.1% against the previous year. In general, the import price recorded a deep setback. The most prominent rate of growth was recorded in 2018 an increase of 63% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per ton), while the price for Thailand totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-17.7%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for gym and fitness equipment in the world?

The country with the largest volume of gym and fitness equipment consumption was the United States, accounting for 37% of total volume. Moreover, gym and fitness equipment consumption in the United States exceeded the figures recorded by the second-largest consumer, China, twofold. Russia ranked third in terms of total consumption with a 3.9% share.

What are the largest producers of gym and fitness equipment in the world?

China remains the largest gym and fitness equipment producing country worldwide, accounting for 74% of total volume. Moreover, gym and fitness equipment production in China exceeded the figures recorded by the second-largest producer, the United States, more than tenfold. Pakistan ranked third in terms of total production with a 3.4% share.

What are the leading suppliers of gym and fitness equipment to Myanmar?

In value terms, China constituted the largest supplier of gym and fitness equipment to Myanmar, comprising 59% of total imports. The second position in the ranking was occupied by Thailand, with a 1.9% share of total imports.

What is the average import price for gym and fitness equipment in Myanmar?

In 2021, the average gym and fitness equipment import price amounted to $1,286 per ton, declining by -15.5% against the previous year.

This report provides an in-depth analysis of the market for gym and fitness equipment in Myanmar. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 32301400 - Gymnasium or athletics articles and equipment

Country coverage:

Myanmar

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Myanmar
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023