Northern America: Market for Gym and Fitness Equipment 2024

Market Size for Gym and Fitness Equipment in Northern America

In 2022, the North American gym and fitness equipment market decreased by -41.7% to $X for the first time since 2019, thus ending a two-year rising trend. Overall, consumption, however, continues to indicate a prominent expansion. As a result, consumption reached the peak level of $X, and then reduced notably in the following year.

Production of Gym and Fitness Equipment in Northern America

In value terms, gym and fitness equipment production stood at $X in 2022 estimated in export price. The total production indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +6.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -5.1% against 2018 indices. The growth pace was the most rapid in 2014 when the production volume increased by 35% against the previous year. Over the period under review, production attained the peak level at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Exports of Gym and Fitness Equipment

Exports in Northern America

In 2022, after two years of decline, there was growth in overseas shipments of gym and fitness equipment, when their volume increased by 3% to X tons. Over the period under review, exports, however, showed a abrupt slump. The pace of growth appeared the most rapid in 2014 when exports increased by 19% against the previous year. As a result, the exports attained the peak of X tons. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, gym and fitness equipment exports shrank to $X in 2022. In general, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 18%. The level of export peaked at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

The United States was the largest exporting country with an export of about X tons, which resulted at 84% of total exports. It was distantly followed by Canada (X tons), creating a 16% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to gym and fitness equipment exports from the United States stood at -7.6%. At the same time, Canada (+7.2%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing exporter exported in Northern America, with a CAGR of +7.2% from 2012-2022. Canada (+12 p.p.) significantly strengthened its position in terms of the total exports, while the United States saw its share reduced by -11.8% from 2012 to 2022, respectively.

In value terms, the United States ($X) remains the largest gym and fitness equipment supplier in Northern America, comprising 91% of total exports. The second position in the ranking was held by Canada ($X), with an 8.9% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in the United States was relatively modest.

Export Prices by Country

In 2022, the export price in Northern America amounted to $X per ton, shrinking by -12.4% against the previous year. Over the period under review, the export price, however, saw a prominent increase. The pace of growth appeared the most rapid in 2020 when the export price increased by 52% against the previous year. Over the period under review, the export prices attained the maximum at $X per ton in 2021, and then declined in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while Canada stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+8.4%).

Imports of Gym and Fitness Equipment

Imports in Northern America

In 2022, after three years of growth, there was significant decline in purchases abroad of gym and fitness equipment, when their volume decreased by -54.2% to X tons. Over the period under review, imports, however, recorded prominent growth. The growth pace was the most rapid in 2021 when imports increased by 123%. As a result, imports reached the peak of X tons, and then fell remarkably in the following year.

In value terms, gym and fitness equipment imports reduced markedly to $X in 2022. Overall, imports, however, continue to indicate noticeable growth. The pace of growth appeared the most rapid in 2021 with an increase of 49% against the previous year. As a result, imports attained the peak of $X, and then fell dramatically in the following year.

Imports by Country

The United States prevails in imports structure, finishing at X tons, which was near 94% of total imports in 2022. It was distantly followed by Canada (X tons), mixing up a 6% share of total imports.

The United States was also the fastest-growing in terms of the gym and fitness equipment imports, with a CAGR of +13.9% from 2012 to 2022. At the same time, Canada (+2.3%) displayed positive paces of growth. From 2012 to 2022, the share of the United States increased by +9.7 percentage points.

In value terms, the United States ($X) constitutes the largest market for imported gym and fitness equipment in Northern America, comprising 86% of total imports. The second position in the ranking was held by Canada ($X), with a 14% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in the United States stood at +5.2%.

Import Prices by Country

In 2022, the import price in Northern America amounted to $X per ton, with an increase of 13% against the previous year. In general, the import price, however, saw a abrupt decline. The level of import peaked at $X per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

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 Canada ($X per ton), while the United States stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+1.3%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :