Italy: Market for Gym and Fitness Equipment 2024

Market Size for Gym and Fitness Equipment in Italy

In 2022, the Italian gym and fitness equipment market decreased by X% to $X for the first time since 2017, thus ending a four-year rising trend. Overall, consumption, however, posted a moderate increase. Over the period under review, the market reached the peak level at $X in 2021, and then declined notably in the following year.

Production of Gym and Fitness Equipment in Italy

In value terms, gym and fitness equipment production fell to $X in 2022 estimated in export price. In general, production, however, continues to indicate modest growth. The most prominent rate of growth was recorded in 2018 when the production volume increased by X%. Gym and fitness equipment production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Exports of Gym and Fitness Equipment

Exports from Italy

In 2022, the amount of gym and fitness equipment exported from Italy declined markedly to X tons, dropping by X% compared with 2021. Overall, exports, however, showed a noticeable expansion. The pace of growth was the most pronounced in 2016 with an increase of X%. As a result, the exports attained the peak of X tons. From 2017 to 2022, the growth of the exports remained at a lower figure.

In value terms, gym and fitness equipment exports contracted remarkably to $X in 2022. Over the period under review, total exports indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

France (X tons), the United States (X tons) and the UK (X tons) were the main destinations of gym and fitness equipment exports from Italy, with a combined X% share of total exports. Germany, Spain, the United Arab Emirates, the Netherlands, Japan, China, Australia, Switzerland, Croatia and Sweden lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Croatia (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for gym and fitness equipment exported from Italy were the United States ($X), France ($X) and the UK ($X), together comprising X% of total exports. Germany, Spain, the United Arab Emirates, the Netherlands, Japan, China, Australia, Switzerland, Sweden and Croatia lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, Croatia, with a CAGR of X%, saw the highest rates of growth with regard to 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, remaining stable against the previous year. Overall, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2019 to 2022, the average export prices failed to regain momentum.

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 the United Arab Emirates ($X per ton), while the average price for exports to Croatia ($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 Sweden (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Gym and Fitness Equipment

Imports into Italy

After two years of growth, supplies from abroad of gym and fitness equipment decreased by X% to X tons in 2022. Over the period under review, imports, however, saw a noticeable increase. The pace of growth appeared the most rapid in 2021 with an increase of X%. As a result, imports reached the peak of X tons, and then shrank markedly in the following year.

In value terms, gym and fitness equipment imports fell markedly to $X in 2022. In general, imports, however, recorded a measured expansion. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of $X, and then reduced markedly in the following year.

Imports by Country

China (X tons), Spain (X tons) and France (X tons) were the main suppliers of gym and fitness equipment imports to Italy, with a combined X% share of total imports. Germany, Greece, Belgium, Slovakia, Bulgaria, the UK and Taiwan (Chinese) lagged somewhat behind, together accounting for a further X%.

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

In value terms, China ($X), Spain ($X) and Germany ($X) were the largest gym and fitness equipment suppliers to Italy, with a combined X% share of total imports. France, Greece, Bulgaria, Slovakia, Belgium, Taiwan (Chinese) and the UK lagged somewhat behind, together accounting for a further X%.

Greece, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average gym and fitness equipment import price amounted to $X per ton, rising by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The growth pace was the most rapid in 2018 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2019 to 2022, the average import prices failed to regain momentum.

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

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

Source: IndexBox Platform

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