The import of physical exercise, gymnasium, and athletics equipment to India has seen significant fluctuations over the past decade, standing at 35.018 Million Kilograms in 2023. The year-on-year variation for 2022 and 2023 showed modest increases of 6.24% and 5.76%, respectively. Over the last five years, the Compound Annual Growth Rate (CAGR) has been relatively stable at 1.75%.
The forecast indicates a gradual increase in import volume reaching 44.023 Million Kilograms by 2028, with a forecasted CAGR of 3.61%, representing a 19.41% growth rate over this period. The major spike in 2018 was an outlier, following years have returned to a steadier growth trajectory.
Future trends to watch for include:
- Growing demand for home and personal fitness equipment post-pandemic.
- Elevated interest in wellness and physical health fueling growth.
- Potential impacts of trade policies and local manufacturing enhancements.
- Technological advancements in fitness equipment increasing imports.
