Oman: Market for Gym and Fitness Equipment 2024

Market Size for Gym and Fitness Equipment in Oman

In 2022, the Omani gym and fitness equipment market decreased by -8.6% to $X for the first time since 2016, thus ending a five-year rising trend. Over the period under review, consumption, however, showed strong growth. Over the period under review, the market hit record highs at $X in 2021, and then contracted in the following year.

Exports of Gym and Fitness Equipment

Exports from Oman

Gym and fitness equipment exports from Oman amounted to X tons in 2022, stabilizing at the year before. Over the period under review, exports posted a significant increase. The most prominent rate of growth was recorded in 2013 when exports increased by 1,762% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, gym and fitness equipment exports soared to $X in 2022. In general, exports showed significant growth. The growth pace was the most rapid in 2013 when exports increased by 1,838%. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Qatar (X tons), the United Arab Emirates (X tons) and Saudi Arabia (X tons) were the main destinations of gym and fitness equipment exports from Oman, together accounting for 92% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United Arab Emirates (with a CAGR of +143.9%), while the other leaders experienced more modest paces of growth.

In value terms, Qatar ($X) remains the key foreign market for gym and fitness equipment exports from Oman, comprising 81% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with an 11% share of total exports. It was followed by Saudi Arabia, with a 6% share.

From 2012 to 2022, the average annual growth rate of value to Qatar stood at +92.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+144.9% per year) and Saudi Arabia (+150.4% per year).

Export Prices by Country

In 2022, the average gym and fitness equipment export price amounted to $X per ton, growing by 25% against the previous year. In general, the export price showed temperate growth. The pace of growth appeared the most rapid in 2016 when the average export price increased by 50% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Qatar ($X per ton), while the average price for exports to Tanzania ($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 Qatar (+8.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Gym and Fitness Equipment

Imports into Oman

In 2022, overseas purchases of gym and fitness equipment decreased by -12.1% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, imports, however, posted a prominent increase. The growth pace was the most rapid in 2015 when imports increased by 60% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2021, and then reduced in the following year.

In value terms, gym and fitness equipment imports contracted modestly to $X in 2022. Overall, imports, however, showed a prominent expansion. The most prominent rate of growth was recorded in 2018 when imports increased by 82%. Over the period under review, imports reached the maximum at $X in 2021, and then contracted in the following year.

Imports by Country

China (X tons), the United Arab Emirates (X tons) and Taiwan (Chinese) (X tons) were the main suppliers of gym and fitness equipment imports to Oman, together accounting for 86% of total imports. Singapore and the United States lagged somewhat behind, together comprising a further 2.5%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Singapore (with a CAGR of +39.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest gym and fitness equipment suppliers to Oman were the United Arab Emirates ($X), China ($X) and Taiwan (Chinese) ($X), together comprising 76% of total imports. Singapore and the United States lagged somewhat behind, together comprising a further 3%.

In terms of the main suppliers, Singapore, with a CAGR of +46.6%, saw 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

The average gym and fitness equipment import price stood at $X per ton in 2022, increasing by 8.7% against the previous year. Overall, import price indicated a modest expansion from 2012 to 2022: its price 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. The pace of growth appeared the most rapid in 2018 when the average import price increased by 50% against the previous year. As a result, import price reached the peak level of $X per ton. From 2019 to 2022, the average import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+4.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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