Azerbaijan - Gym and Fitness Equipment - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPrice for Gym and Fitness Equipment in Azerbaijan - 2023
Contents:
- Price for Gym and Fitness Equipment in Azerbaijan (CIF) - 2023
- Price for Gym and Fitness Equipment in Azerbaijan (FOB) - 2022
- Imports of Gym and Fitness Equipment in Azerbaijan
- Exports of Gym and Fitness Equipment in Azerbaijan
Price for Gym and Fitness Equipment in Azerbaijan (CIF) - 2023
The average gym and fitness equipment import price stood at $4,389 per ton in September 2023, with a decrease of -8.7% against the previous month. Overall, the import price, however, showed mild growth. The most prominent rate of growth was recorded in December 2022 when the average import price increased by 161% against the previous month. The import price peaked at $9,550 per ton in May 2023; however, from June 2023 to September 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Italy ($26,083 per ton), while the price for Iran ($2,045 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Iran (+5.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Gym and Fitness Equipment in Azerbaijan (FOB) - 2022
The average gym and fitness equipment export price stood at $3,247 per ton in 2022, surging by 5.9% against the previous year. Overall, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 56%. The export price peaked in 2022 and is expected to retain growth in years to come.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Turkmenistan ($18,869 per ton), while the average price for exports to Canada ($1,539 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 Turkmenistan (+120.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Gym and Fitness Equipment in Azerbaijan
Gym and fitness equipment imports into Azerbaijan reduced notably to 1.4K tons in 2022, with a decrease of -15.7% compared with the previous year. Overall, imports recorded a slight slump. The most prominent rate of growth was recorded in 2021 with an increase of 27% against the previous year. As a result, imports reached the peak of 1.6K tons, and then declined significantly in the following year.
In value terms, gym and fitness equipment imports shrank modestly to $5.8M in 2022. The total import value increased at an average annual rate of +2.2% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 8.1%. As a result, imports reached the peak of $5.9M, leveling off in the following year.
| Import of Gym and Fitness Equipment in Azerbaijan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2,565 | 2,482 | 2,991 | 3,064 | 6.1% |
| Italy | 669 | 933 | 553 | 1,039 | 15.8% |
| Iran | 367 | 294 | 302 | 394 | 2.4% |
| Slovakia | 270 | 201 | 253 | 315 | 5.3% |
| Turkey | 220 | 135 | 225 | 299 | 10.8% |
| Ukraine | 176 | 75.0 | 23.8 | 129 | -9.8% |
| United Arab Emirates | 503 | 421 | 633 | N/A | 12.2% |
| Others | 707 | 872 | 870 | 605 | -5.1% |
| Total | 5,478 | 5,412 | 5,851 | 5,843 | 2.2% |
Top Suppliers of Gym and Fitness Equipment to Azerbaijan in 2022:
- China (841.7 tons)
- Iran (286.8 tons)
- Turkey (68.3 tons)
- Ukraine (35.4 tons)
- Italy (29.8 tons)
- Slovakia (25.8 tons)
Exports of Gym and Fitness Equipment in Azerbaijan
In 2022, shipments abroad of gym and fitness equipment decreased by -58.2% to 8.2 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports continue to indicate a deep downturn. The pace of growth was the most pronounced in 2021 when exports increased by 54%. As a result, the exports attained the peak of 20 tons, and then reduced remarkably in the following year.
In value terms, gym and fitness equipment exports fell significantly to $27K in 2022. In general, exports, however, posted slight growth. The growth pace was the most rapid in 2021 with an increase of 140%. As a result, the exports attained the peak of $60K, and then dropped dramatically in the following year.
| Export of Gym and Fitness Equipment in Azerbaijan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 8.2 | 7.0 | 12.7 | 6.3 | -8.4% |
| Russia | 1.5 | 1.1 | 1.4 | 5.5 | 54.2% |
| Turkmenistan | 0.1 | N/A | N/A | 4.9 | 265.9% |
| Turkey | 0.3 | N/A | 1.2 | 2.2 | 94.3% |
| United States | 3.4 | 4.4 | 3.8 | 1.6 | -22.2% |
| Canada | 1.2 | 4.1 | 0.5 | 1.2 | 0.0% |
| Spain | 0.8 | 0.1 | 0.6 | 0.8 | 0.0% |
| Australia | 0.6 | 0.1 | 0.1 | 0.6 | 0.0% |
| Angola | N/A | 0.8 | N/A | 0.5 | -20.9% |
| United Arab Emirates | N/A | N/A | N/A | 0.4 | 0% |
| Poland | N/A | N/A | N/A | 0.3 | 0% |
| Kuwait | N/A | N/A | 0.2 | 0.3 | 50.0% |
| South Korea | 0.1 | 0.1 | 0.7 | 0.3 | 44.2% |
| Others | 9.4 | 7.4 | 39.0 | 1.8 | -42.4% |
| Total | 25.5 | 25.1 | 60.2 | 26.7 | 1.5% |
Top Export Markets for Gym and Fitness Equipment from Azerbaijan in 2022:
- Russia (2193.0 kg)
- United Kingdom (1627.0 kg)
- Canada (768.0 kg)
- United States (610.0 kg)
- Turkey (502.0 kg)
- Spain (340.0 kg)
- Turkmenistan (260.0 kg)
- Angola (241.0 kg)
- South Korea (198.0 kg)
- Australia (196.0 kg)
- Kuwait (165.0 kg)
- Poland (159.0 kg)
- United Arab Emirates (156.0 kg)
This report provides an in-depth analysis of the market for gym and fitness equipment in Azerbaijan. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 32301400 - Gymnasium or athletics articles and equipment
Country coverage:
- Azerbaijan
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Azerbaijan
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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