IndexBox has just published a new report: ‘EU – Gym and Fitness Equipment – Market Analysis, Forecast, Size, Trends and Insights’. Here is a summary of the report’s key findings.
A spike in the fitness equipment imports in the EU has been recorded during the pandemic year, driven by growing demand from retail consumers while fitness clubs’ activity was limited. In 2020, the import value rose by +9.6% y-o-y to $3.4B. Germany, France and the Netherlands remain the largest importers of gym and fitness equipment in the EU.
Gym and Fitness Equipment Imports in the EU
In 2020, the amount of gym and fitness equipment imported in the EU surged to 762K tonnes, picking up by 25% against the previous year’s figure. In value terms, gym and fitness equipment imports totaled $3.4B (IndexBox estimates), rising by +9.6% y-o-y in 2020. While the demand from fitness clubs was limited due to lockdowns, it was offset by soaring retail sales of equipment for home use.
The largest gym and fitness equipment importing markets in the EU were Germany ($659M), the Netherlands ($496M) and France ($467M), with a combined 47% share of total imports. These countries were followed by Spain, Poland, Italy, Sweden, Austria, Denmark, Finland, Belgium, the Czech Republic and Hungary, which together accounted for a further 44%.
In 2020, the gym and fitness equipment import price in the EU amounted to $4,493 per tonne, reducing by -12.2% against the previous year. There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was Austria ($8,510 per tonne), while the Czech Republic ($3,554 per tonne) was amongst the lowest. In 2020, the most notable rate of growth in terms of prices was attained by Denmark, while the other leaders experienced more modest paces of growth.
Source: IndexBox Platform