Saudi Arabia: Market for Gym and Fitness Equipment 2024

Market Size for Gym and Fitness Equipment in Saudi Arabia

In 2022, the Saudi gym and fitness equipment market decreased by -9.9% to $X for the first time since 2017, thus ending a four-year rising trend. In general, consumption showed a relatively flat trend pattern. Gym and fitness equipment consumption peaked at $X in 2021, and then shrank in the following year.

Exports of Gym and Fitness Equipment

Exports from Saudi Arabia

In 2021, shipments abroad of gym and fitness equipment increased by 1,782% to X tons, rising for the second consecutive year after three years of decline. In general, exports posted a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, gym and fitness equipment exports surged to $X in 2021. Over the period under review, exports posted a significant increase. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

Exports by Country

Tunisia (X tons), the United Arab Emirates (X tons) and Bahrain (X tons) were the main destinations of gym and fitness equipment exports from Saudi Arabia, together accounting for 38% of total exports. Kuwait, Egypt and the United States lagged somewhat behind, together accounting for a further 2.8%.

From 2012 to 2021, the biggest increases were recorded for Kuwait (with a CAGR of +69.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Bahrain ($X) emerged as the key foreign market for gym and fitness equipment exports from Saudi Arabia, comprising 58% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 13% share of total exports. It was followed by Tunisia, with a 9.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Bahrain stood at +43.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+8.1% per year) and Tunisia (0.0% per year).

Export Prices by Country

In 2021, the average gym and fitness equipment export price amounted to $X per ton, dropping by -14.4% against the previous year. Over the period under review, the export price saw a abrupt decline. The growth pace was the most rapid in 2018 when the average export price increased by 35% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, 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 the United States ($X per ton), while the average price for exports to Tunisia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Oman (+304.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Gym and Fitness Equipment

Imports into Saudi Arabia

In 2022, after three years of growth, there was decline in purchases abroad of gym and fitness equipment, when their volume decreased by -4.9% to X tons. In general, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of 74%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, gym and fitness equipment imports shrank to $X in 2022. Overall, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by 35% against the previous year. As a result, imports reached the peak of $X, and then declined in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest gym and fitness equipment supplier to Saudi Arabia, with a 87% 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 held by Italy (X tons), with a 2.4% share.

From 2012 to 2022, the average annual growth rate of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-6.8% per year) and Italy (+7.5% per year).

In value terms, China ($X) constituted the largest supplier of gym and fitness equipment to Saudi Arabia, comprising 66% of total imports. The second position in the ranking was taken by Italy ($X), with a 9.3% share of total imports. It was followed by the United States, with an 8% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to -1.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+7.1% per year) and the United States (-1.9% per year).

Import Prices by Country

In 2022, the average gym and fitness equipment import price amounted to $X per ton, reducing by -8.4% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 22%. The import price 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 supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+2.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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