Slovenia: Market for Gym and Fitness Equipment 2024

Market Size for Gym and Fitness Equipment in Slovenia

In 2022, the Slovene gym and fitness equipment market decreased by -13.4% to $X for the first time since 2016, thus ending a five-year rising trend. Over the period under review, the total consumption indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2021, and then dropped in the following year.

Production of Gym and Fitness Equipment in Slovenia

In value terms, gym and fitness equipment production totaled $X in 2022 estimated in export price. Overall, production posted temperate growth. The pace of growth was the most pronounced in 2016 when the production volume increased by 139%. 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 Slovenia

In 2022, shipments abroad of gym and fitness equipment decreased by -60% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports, however, posted a strong increase. The growth pace was the most rapid in 2020 with an increase of 206%. Over the period under review, the exports hit record highs at X tons in 2021, and then shrank remarkably in the following year.

In value terms, gym and fitness equipment exports reduced dramatically to $X in 2022. Overall, exports, however, continue to indicate a strong expansion. The pace of growth was the most pronounced in 2020 when exports increased by 190% against the previous year. Over the period under review, the exports attained the maximum at $X in 2021, and then dropped markedly in the following year.

Exports by Country

Croatia (X tons), Italy (X tons) and Germany (X tons) were the main destinations of gym and fitness equipment exports from Slovenia, together comprising 56% of total exports. France, Austria, Spain, the Netherlands, Belgium, Switzerland and the Czech Republic lagged somewhat behind, together comprising a further 30%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Spain (with a CAGR of +211.0%), while the other leaders experienced more modest paces of growth.

In value terms, Croatia ($X), Germany ($X) and Italy ($X) constituted the largest markets for gym and fitness equipment exported from Slovenia worldwide, with a combined 54% share of total exports. France, Austria, Spain, the Netherlands, Belgium, the Czech Republic and Switzerland lagged somewhat behind, together comprising a further 29%.

Spain, with a CAGR of +175.4%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average gym and fitness equipment export price amounted to $X per ton, increasing by 22% against the previous year. Over the last decade, it increased at an average annual rate of +1.8%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Switzerland ($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 the Czech Republic (+14.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Gym and Fitness Equipment

Imports into Slovenia

In 2022, after two years of growth, there was significant decline in supplies from abroad of gym and fitness equipment, when their volume decreased by -50.1% to X tons. In general, imports, however, continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2020 when imports increased by 74%. Imports peaked at X tons in 2021, and then shrank remarkably in the following year.

In value terms, gym and fitness equipment imports fell rapidly to $X in 2022. Over the period under review, imports, however, continue to indicate a remarkable increase. The pace of growth appeared the most rapid in 2018 with an increase of 58%. Over the period under review, imports reached the maximum at $X in 2021, and then fell remarkably in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest gym and fitness equipment supplier to Slovenia, accounting for a 57% share of total imports. Moreover, gym and fitness equipment imports from China exceeded the figures recorded by the second-largest supplier, Italy (X tons), sixfold. Croatia (X tons) ranked third in terms of total imports with an 8.1% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +5.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+27.4% per year) and Croatia (+79.3% per year).

In value terms, China ($X) constituted the largest supplier of gym and fitness equipment to Slovenia, comprising 49% of total imports. The second position in the ranking was taken by Italy ($X), with a 9.8% share of total imports. It was followed by Germany, with an 8.2% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to +7.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+26.5% per year) and Germany (+3.9% per year).

Import Prices by Country

In 2022, the average gym and fitness equipment import price amounted to $X per ton, picking up by 6.9% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.5%. The growth pace was the most rapid in 2018 when the average import price increased by 35%. The import price peaked at $X per ton in 2013; afterwards, it flattened through to 2022.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bosnia and Herzegovina (+10.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform