Overview of the Market for Gym and Fitness Equipment in Hungary
Market Overview
The Hungarian gym and fitness equipment market stood at $
in 2019, growing by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, showed a slight curtailment. The most prominent rate of growth was recorded in 2014 with an increase of % y-o-y. As a result, consumption attained the peak level of $. From 2015 to 2019, the growth of the market remained at a somewhat lower figure.
In value terms, gym and fitness equipment production rose modestly to $ in 2019 estimated in export prices. Over the period under review, the total production indicated a pronounced expansion from 2007 to 2019: its value increased at an average annual rate of +% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, production decreased by -% against 2014 indices. The most prominent rate of growth was recorded in 2011 with an increase of % year-to-year. Gym and fitness equipment production peaked at $ in 2014; however, from 2015 to 2019, production remained at a lower figure.
in 2019, growing by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, showed a slight curtailment. The most prominent rate of growth was recorded in 2014 with an increase of % y-o-y. As a result, consumption attained the peak level of $. From 2015 to 2019, the growth of the market remained at a somewhat lower figure.In value terms, gym and fitness equipment production rose modestly to $
in 2019 estimated in export prices. Over the period under review, the total production indicated a pronounced expansion from 2007 to 2019: its value increased at an average annual rate of +% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, production decreased by -% against 2014 indices. The most prominent rate of growth was recorded in 2011 with an increase of % year-to-year. Gym and fitness equipment production peaked at $ in 2014; however, from 2015 to 2019, production remained at a lower figure.Consumption
In 2019, consumption of gym and fitness equipment was finally on the rise to reach tonnes after two years of decline. In general, consumption, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the consumption volume increased by % y-o-y. As a result, consumption reached the peak volume of tonnes. From 2015 to 2019, the growth of the consumption remained at a somewhat lower figure.
The revenue of the gym and fitness equipment market in Hungary expanded to $ in 2019, surging by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, recorded a mild downturn. The most prominent rate of growth was recorded in 2014 when the market value increased by % against the previous year. As a result, consumption attained the peak level of $. From 2015 to 2019, the growth of the market remained at a somewhat lower figure.
tonnes after two years of decline. In general, consumption, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the consumption volume increased by % y-o-y. As a result, consumption reached the peak volume of tonnes. From 2015 to 2019, the growth of the consumption remained at a somewhat lower figure.The revenue of the gym and fitness equipment market in Hungary expanded to $
in 2019, surging by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, recorded a mild downturn. The most prominent rate of growth was recorded in 2014 when the market value increased by % against the previous year. As a result, consumption attained the peak level of $. From 2015 to 2019, the growth of the market remained at a somewhat lower figure.Market Forecast
Driven by rising demand for gym and fitness equipment in Hungary, the market is expected to start an upward consumption trend over the next decade. The performance of the market is forecast to increase slightly, with an anticipated CAGR of +% for the period from 2019 to , which is projected to bring the market volume to tonnes by the end of .
% for the period from 2019 to , which is projected to bring the market volume to tonnes by the end of .Market Structure
Driven by a growing demand, the share of imports in total supply in Hungary increased significantly over the last twelve years (from % to %).
% to %).Trade Balance
Those figures reflect the fact that neither imports nor exports don’t dominate the trade balance, and the country may export not only the product manufactured domestically, but also re-export some previously imported goods.
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