Uzbekistan: Market for Gym and Fitness Equipment 2024

Market Size for Gym and Fitness Equipment in Uzbekistan

In 2022, the Uzbek gym and fitness equipment market decreased by -14.1% to $X for the first time since 2011, thus ending a ten-year rising trend. Overall, consumption enjoyed a resilient increase. Gym and fitness equipment consumption peaked at $X in 2021, and then fell in the following year.

Exports of Gym and Fitness Equipment

Exports from Uzbekistan

In 2022, exports of gym and fitness equipment from Uzbekistan soared to X tons, growing by 30% on the previous year. Overall, exports recorded a significant expansion. The pace of growth was the most pronounced in 2020 when exports increased by 950%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, gym and fitness equipment exports dropped markedly to $X in 2022. Over the period under review, exports recorded a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 1,805% against the previous year. As a result, the exports reached the peak of $X. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Israel (X tons) was the main destination for gym and fitness equipment exports from Uzbekistan, accounting for a 55% share of total exports. Moreover, gym and fitness equipment exports to Israel exceeded the volume sent to the second major destination, Kazakhstan (X tons), threefold. The third position in this ranking was held by Tajikistan (X tons), with a 12% share.

From 2017 to 2022, the average annual rate of growth in terms of volume to Israel totaled +3,239.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kazakhstan (+100.6% per year) and Tajikistan (+191.7% per year).

In value terms, Kazakhstan ($X) emerged as the key foreign market for gym and fitness equipment exports from Uzbekistan, comprising 35% of total exports. The second position in the ranking was taken by Tajikistan ($X), with a 17% share of total exports. It was followed by Israel, with a 15% share.

From 2017 to 2022, the average annual growth rate of value to Kazakhstan amounted to +111.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Tajikistan (+139.1% per year) and Israel (-46.2% per year).

Export Prices by Country

The average gym and fitness equipment export price stood at $X per ton in 2022, dropping by -54.3% against the previous year. Over the period under review, the export price, however, recorded prominent growth. The pace of growth appeared the most rapid in 2020 an increase of 81% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2021 to 2022, the average 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 Kazakhstan ($X per ton), while the average price for exports to Israel ($X per ton) was amongst the lowest.

From 2017 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Kazakhstan (+5.3%), while the prices for the other major destinations experienced a decline.

Imports of Gym and Fitness Equipment

Imports into Uzbekistan

Gym and fitness equipment imports into Uzbekistan skyrocketed to X tons in 2022, picking up by 56% compared with the previous year's figure. Over the period under review, imports posted a resilient increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, gym and fitness equipment imports contracted to $X in 2022. In general, imports showed significant growth. The pace of growth was the most pronounced in 2018 with an increase of 45% against the previous year. Over the period under review, imports reached the peak figure at $X in 2021, and then reduced in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest gym and fitness equipment supplier to Uzbekistan, accounting for a 90% share of total imports. Moreover, gym and fitness equipment imports from China exceeded the figures recorded by the second-largest supplier, Italy (X tons), more than tenfold. The third position in this ranking was taken by Russia (X tons), with a 3.3% share.

From 2017 to 2022, the average annual growth rate of volume from China totaled +22.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+24.2% per year) and Russia (+70.2% per year).

In value terms, China ($X) constituted the largest supplier of gym and fitness equipment to Uzbekistan, comprising 74% of total imports. The second position in the ranking was held by Italy ($X), with a 9% share of total imports. It was followed by Slovakia, with a 6.6% share.

From 2017 to 2022, the average annual rate of growth in terms of value from China amounted to +26.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+16.6% per year) and Slovakia (0.0% per year).

Import Prices by Country

The average gym and fitness equipment import price stood at $X per ton in 2022, declining by -45.2% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 84%. As a result, import price attained the peak level of $X per ton, and then contracted markedly in the following year.

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

From 2017 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+21.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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