IndexBox has just published a new report: “EU – Gymnastics and Fitness Equipment – Market Analysis, Forecast, Size, Trends and Information”. Here is a summary of the main findings of the report.
An increase in imports of fitness equipment into the EU was recorded during the pandemic year, driven by growing demand from retail consumers as fitness club activity was limited. In 2020, the value of imports increased + 9.6% year-on-year to reach $ 3.4 billion. Germany, France and the Netherlands remain the largest importers of gymnastics and fitness equipment in the EU.
Imports of gymnastics and fitness equipment into the EU
In 2020, the amount of gym and fitness equipment imported into the EU jumped to 762,000 tonnes, up 25% from the figure for the previous year. In terms of value, imports of gym and fitness equipment totaled $ 3.4 billion (IndexBox estimates), up + 9.6% year-on-year in 2020. While demand from fitness clubs was limited due to lockdowns, it was offset by soaring retail sales of household equipment. .
The largest import markets for gym and fitness equipment in the EU were Germany ($ 659 million), the Netherlands ($ 496 million) and France ($ 467 million), with a combined share of 47% 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 an additional 44%.
In 2020, the import price of gym and fitness equipment into the EU was $ 4,493 per tonne, down -12.2% from the previous year. There were significant differences in average prices between 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 among the lowest. In 2020, the most notable price growth rate was achieved by Denmark, while the other leaders experienced more modest growth rates.
Source: IndexBox platform