Market Size for Gym and Fitness Equipment in Turkey
The Turkish gym and fitness equipment market reduced dramatically to $X in 2022, waning by X% against the previous year. In general, consumption, however, continues to indicate a notable increase. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.
Production of Gym and Fitness Equipment in Turkey
In value terms, gym and fitness equipment production shrank significantly to $X in 2022 estimated in export price. Overall, production, however, continues to indicate strong growth. The most prominent rate of growth was recorded in 2015 when the production volume increased by X% against the previous year. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.
Exports of Gym and Fitness Equipment
Exports from Turkey
In 2022, shipments abroad of gym and fitness equipment decreased by X% to X tons, falling for the second consecutive year after three years of growth. In general, total exports indicated mild growth from 2012 to 2022: its volume 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. Based on 2022 figures, exports decreased by X% against 2020 indices. The growth pace was the most rapid in 2020 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, gym and fitness equipment exports totaled $X in 2022. Over the period under review, total exports indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2017 indices. The pace of growth was the most pronounced in 2020 when exports increased by X%. The exports peaked in 2022 and are likely to continue growth in years to come.
Exports by Country
France (X tons) was the main destination for gym and fitness equipment exports from Turkey, accounting for a X% share of total exports. Moreover, gym and fitness equipment exports to France exceeded the volume sent to the second major destination, the Netherlands (X tons), fourfold. The third position in this ranking was taken by Syrian Arab Republic (X tons), with a X% share.
From 2012 to 2022, the average annual growth rate of volume to France stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (X% per year) and Syrian Arab Republic (X% per year).
In value terms, the largest markets for gym and fitness equipment exported from Turkey were the United States ($X), France ($X) and the United Arab Emirates ($X), together accounting for X% of total exports. Greece, the UK, the Netherlands, Cyprus, Turkmenistan, Germany, Libya, Romania, Azerbaijan and Syrian Arab Republic lagged somewhat behind, together accounting for a further X%.
Among the main countries of destination, the Netherlands, with a CAGR of X%, saw the highest growth rate of 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
In 2022, the average gym and fitness equipment export price amounted to $X per ton, picking up by X% against the previous year. In general, export price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, gym and fitness equipment export price increased by X% against 2020 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Syrian Arab Republic ($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 United States (X%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Gym and Fitness Equipment
Imports into Turkey
After two years of growth, supplies from abroad of gym and fitness equipment decreased by X% to X tons in 2022. In general, imports showed a abrupt slump. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.
In value terms, gym and fitness equipment imports fell remarkably to $X in 2022. Over the period under review, imports continue to indicate a deep contraction. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.
Imports by Country
In 2022, China (X tons) constituted the largest supplier of gym and fitness equipment to Turkey, accounting for a X% share of total imports. Moreover, gym and fitness equipment imports from China exceeded the figures recorded by the second-largest supplier, Italy (X tons), more than tenfold. Slovakia (X tons) ranked third in terms of total imports with a X% share.
From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and Slovakia (X% per year).
In value terms, China ($X) constituted the largest supplier of gym and fitness equipment to Turkey, comprising X% of total imports. The second position in the ranking was held by Italy ($X), with an X% share of total imports. It was followed by the United States, with a X% share.
From 2012 to 2022, the average annual growth rate of value from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and the United States (X% per year).
Import Prices by Country
In 2022, the average gym and fitness equipment import price amounted to $X per ton, picking up by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for China ($X per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (X%), while the prices for the other major suppliers experienced more modest paces of growth.
Source: IndexBox Platform
Frequently Asked Questions (FAQ) :
The countries with the highest volumes of consumption in 2023 were China, the United States and Pakistan, together comprising 66% of global consumption.
China constituted the country with the largest volume of gym and fitness equipment production, comprising approx. 76% of total volume. Moreover, gym and fitness equipment production in China exceeded the figures recorded by the second-largest producer, the United States, ninefold. Pakistan ranked third in terms of total production with a 4.2% share.
In value terms, China constituted the largest supplier of gym and fitness equipment to Turkey, comprising 59% of total imports. The second position in the ranking was held by Italy, with an 11% share of total imports. It was followed by the United States, with a 5.4% share.
In value terms, the United States, France and the United Arab Emirates constituted the largest markets for gym and fitness equipment exported from Turkey worldwide, with a combined 30% share of total exports. Greece, the UK, the Netherlands, Cyprus, Turkmenistan, Germany, Libya, Romania, Azerbaijan and Syrian Arab Republic lagged somewhat behind, together comprising a further 27%.
In 2022, the average gym and fitness equipment export price amounted to $7,238 per ton, picking up by 40% against the previous year.
In 2022, the average gym and fitness equipment import price amounted to $4,998 per ton, with an increase of 43% against the previous year.
