Latin America and the Caribbean: Market for Gym and Fitness Equipment 2024

Market Size for Gym and Fitness Equipment in Latin America and the Caribbean

After two years of growth, the Latin American gym and fitness equipment market decreased by X% to $X in 2022. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2021, and then dropped remarkably in the following year.

Production of Gym and Fitness Equipment in Latin America and the Caribbean

In value terms, gym and fitness equipment production stood at $X in 2022 estimated in export price. The total production indicated a temperate expansion 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, production decreased by X% against 2018 indices. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2022, production growth remained at a lower figure.

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Exports of Gym and Fitness Equipment

Exports in Latin America and the Caribbean

Gym and fitness equipment exports surged to X tons in 2022, jumping by X% against the year before. Over the period under review, exports posted prominent growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, gym and fitness equipment exports soared to $X in 2022. Overall, exports continue to indicate strong growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Mexico dominates exports structure, accounting for X tons, which was approx. X% of total exports in 2022. It was distantly followed by Panama (X tons), creating a X% share of total exports. Brazil (X tons) and Chile (X tons) took a relatively small share of total exports.

Mexico was also the fastest-growing in terms of the gym and fitness equipment exports, with a CAGR of X% from 2012 to 2022. At the same time, Chile (X%) displayed positive paces of growth. By contrast, Brazil (X%) and Panama (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Mexico and Chile increased by X and X percentage points, respectively.

In value terms, Mexico ($X) remains the largest gym and fitness equipment supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was taken by Panama ($X), with a X% share of total exports. It was followed by Brazil, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Mexico amounted to X%. In the other countries, the average annual rates were as follows: Panama (X% per year) and Brazil (X% per year).

Export Prices by Country

In 2022, the export price in Latin America and the Caribbean amounted to $X per ton, flattening at the previous year. In general, the export price saw a mild slump. The most prominent rate of growth was recorded in 2013 when the export price increased by X%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Panama ($X per ton) and Chile ($X per ton), while Mexico ($X per ton) and Brazil ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Panama (X%), while the other leaders experienced mixed trends in the export price figures.

Imports of Gym and Fitness Equipment

Imports in Latin America and the Caribbean

In 2022, after two years of growth, there was significant decline in supplies from abroad of gym and fitness equipment, when their volume decreased by X% to X tons. In general, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons, and then fell sharply in the following year.

In value terms, gym and fitness equipment imports reduced notably to $X in 2022. Total imports indicated a temperate expansion 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, imports increased by X% against 2016 indices. The growth pace was the most rapid in 2021 with an increase of X%. As a result, imports reached the peak of $X, and then fell rapidly in the following year.

Imports by Country

The purchases of the three major importers of gym and fitness equipment, namely Mexico, Chile and Brazil, represented more than third of total import. Colombia (X tons) ranks next in terms of the total imports with a X% share, followed by Argentina (X%), Peru (X%) and Ecuador (X%). Costa Rica (X tons), Guatemala (X tons), Paraguay (X tons) and the Dominican Republic (X tons) took a minor share of total imports.

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

In value terms, Mexico ($X) constitutes the largest market for imported gym and fitness equipment in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was taken by Brazil ($X), with a X% share of total imports. It was followed by Chile, with a X% share.

In Mexico, gym and fitness equipment imports expanded at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Brazil (X% per year) and Chile (X% per year).

Import Prices by Country

In 2022, the import price in Latin America and the Caribbean amounted to $X per ton, with an increase of 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 importing countries. In 2022, amid the top importers, the country with the highest price was Mexico ($X per ton), while Ecuador ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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