Overview of the Market for Gym and Fitness Equipment in Hungary
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.
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.