Pakistan: Market for Gym and Fitness Equipment 2024

Market Size for Gym and Fitness Equipment in Pakistan

The Pakistani gym and fitness equipment market totaled $X in 2022, surging by 2.8% against the previous year. In general, consumption recorded strong growth. Over the period under review, the market hit record highs at $X in 2020; afterwards, it flattened through to 2022.

Production of Gym and Fitness Equipment in Pakistan

In value terms, gym and fitness equipment production expanded to $X in 2022 estimated in export price. In general, production showed a strong expansion. The growth pace was the most rapid in 2017 when the production volume increased by 56%. Gym and fitness equipment production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Gym and Fitness Equipment

Exports from Pakistan

After six years of growth, shipments abroad of gym and fitness equipment decreased by -30.4% to X tons in 2022. Over the period under review, exports, however, showed strong growth. The pace of growth was the most pronounced in 2014 when exports increased by 257%. The exports peaked at X tons in 2021, and then contracted rapidly in the following year.

In value terms, gym and fitness equipment exports declined remarkably to $X in 2022. Overall, exports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2014 when exports increased by 225%. Over the period under review, the exports hit record highs at $X in 2021, and then shrank dramatically in the following year.

Exports by Country

The United States (X tons) was the main destination for gym and fitness equipment exports from Pakistan, with a 43% share of total exports. Moreover, gym and fitness equipment exports to the United States exceeded the volume sent to the second major destination, the UK (X tons), twofold. The third position in this ranking was taken by the United Arab Emirates (X tons), with a 9.5% share.

From 2012 to 2022, the average annual growth rate of volume to the United States totaled +22.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+40.3% per year) and the United Arab Emirates (+5.6% per year).

In value terms, the United States ($X) remains the key foreign market for gym and fitness equipment exports from Pakistan, comprising 45% of total exports. The second position in the ranking was taken by the UK ($X), with a 21% share of total exports. It was followed by the United Arab Emirates, with a 4.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States stood at +25.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+44.0% per year) and the United Arab Emirates (+7.0% per year).

Export Prices by Country

The average gym and fitness equipment export price stood at $X per ton in 2022, rising by 15% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.6%. The pace of growth appeared the most rapid in 2018 an increase of 20%. As a result, the export price reached the peak level of $X per ton. From 2019 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Mexico ($X per ton), while the average price for exports to the United Arab Emirates ($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 Russia (+6.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Gym and Fitness Equipment

Imports into Pakistan

Gym and fitness equipment imports into Pakistan reduced dramatically to X tons in 2022, dropping by -58.5% compared with the year before. Overall, imports continue to indicate a deep setback. The most prominent rate of growth was recorded in 2021 with an increase of 49% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, gym and fitness equipment imports dropped significantly to $X in 2022. In general, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by 48% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of gym and fitness equipment to Pakistan, with a 81% share of total imports. Moreover, gym and fitness equipment imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), more than tenfold. The third position in this ranking was taken by South Korea (X tons), with a 3.6% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to -5.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-13.2% per year) and South Korea (+6.3% per year).

In value terms, China ($X) constituted the largest supplier of gym and fitness equipment to Pakistan, comprising 81% of total imports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 4.8% share of total imports. It was followed by South Korea, with a 3.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-7.8% per year) and South Korea (+12.7% per year).

Import Prices by Country

In 2022, the average gym and fitness equipment import price amounted to $X per ton, increasing by 79% against the previous year. In general, import price indicated resilient growth from 2012 to 2022: its price increased at an average annual rate of +6.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Taiwan (Chinese) ($X per ton) and the United States ($X per ton), while the price for China ($X per ton) and South Korea ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+6.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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