Romania: Market for Gym and Fitness Equipment 2024

Market Size for Gym and Fitness Equipment in Romania

In 2022, after six years of growth, there was significant decline in the Romanian gym and fitness equipment market, when its value decreased by -31.6% to $X. In general, consumption, however, recorded a resilient increase. As a result, consumption reached the peak level of $X, and then declined remarkably in the following year.

Production of Gym and Fitness Equipment in Romania

In value terms, gym and fitness equipment production expanded modestly to $X in 2022 estimated in export price. In general, the total production indicated a notable increase 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. Based on 2022 figures, production decreased by -5.7% against 2018 indices. The most prominent rate of growth was recorded in 2013 when the production volume increased by 92%. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

Exports of Gym and Fitness Equipment

Exports from Romania

In 2022, shipments abroad of gym and fitness equipment decreased by -12.6% to X tons for the first time since 2017, thus ending a four-year rising trend. Overall, exports, however, recorded a remarkable increase. The most prominent rate of growth was recorded in 2013 with an increase of 77%. The exports peaked at X tons in 2021, and then fell in the following year.

In value terms, gym and fitness equipment exports declined significantly to $X in 2022. Over the period under review, exports, however, posted resilient growth. The most prominent rate of growth was recorded in 2013 with an increase of 70% against the previous year. Over the period under review, the exports hit record highs at $X in 2021, and then dropped markedly in the following year.

Exports by Country

Bulgaria (X tons) was the main destination for gym and fitness equipment exports from Romania, accounting for a 60% share of total exports. Moreover, gym and fitness equipment exports to Bulgaria exceeded the volume sent to the second major destination, Hungary (X tons), twofold. Greece (X tons) ranked third in terms of total exports with a 5.5% share.

From 2012 to 2022, the average annual growth rate of volume to Bulgaria amounted to +44.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (+13.5% per year) and Greece (+78.9% per year).

In value terms, the largest markets for gym and fitness equipment exported from Romania were Bulgaria ($X), Hungary ($X) and Greece ($X), with a combined 89% share of total exports.

Among the main countries of destination, Greece, with a CAGR of +64.1%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average gym and fitness equipment export price stood at $X per ton in 2022, waning by -13.5% against the previous year. In general, the export price saw a mild decrease. The pace of growth was the most pronounced in 2021 an increase of 23% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hungary ($X per ton), while the average price for exports to Greece ($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 France (+6.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Gym and Fitness Equipment

Imports into Romania

In 2022, overseas purchases of gym and fitness equipment decreased by -29.6% to X tons for the first time since 2013, thus ending a eight-year rising trend. Over the period under review, imports, however, enjoyed prominent growth. The pace of growth appeared the most rapid in 2017 when imports increased by 43%. Over the period under review, imports hit record highs at X tons in 2021, and then contracted significantly in the following year.

In value terms, gym and fitness equipment imports contracted dramatically to $X in 2022. In general, imports, however, posted prominent growth. The pace of growth was the most pronounced in 2021 when imports increased by 49% against the previous year. As a result, imports reached the peak of $X, and then reduced dramatically in the following year.

Imports by Country

China (X tons), France (X tons) and Spain (X tons) were the main suppliers of gym and fitness equipment imports to Romania, together accounting for 57% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by France (with a CAGR of +38.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of gym and fitness equipment to Romania, comprising 25% of total imports. The second position in the ranking was taken by France ($X), with a 12% share of total imports. It was followed by Hungary, with a 9.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +10.0%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+27.5% per year) and Hungary (+3.9% per year).

Import Prices by Country

The average gym and fitness equipment import price stood at $X per ton in 2022, remaining relatively unchanged against the previous year. In general, the import price continues to indicate a slight shrinkage. The growth pace was the most rapid in 2021 an increase of 7.7% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (+2.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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