From 2013 to 2023, Indonesia's import volume of physical exercise, gymnasium, and athletics equipment increased steadily. In 2023, the imports reached 14.85 million kilograms. Over the past two years, the year-on-year variation was 3.8% in 2022 and 3.58% in 2023, showing consistent growth. The compound annual growth rate (CAGR) decreased from 6.17% in 2022 to 3.09% in 2023, indicating a slight slowdown in growth. Looking at the forecast, the imports are expected to rise to 17.535 million kilograms by 2028, with an average annual growth rate (CAGR) of 2.61% over the next five years, resulting in a forecasted 5-year growth rate of 13.75%.
Future trends to watch for include:
- The impact of economic conditions and consumer spending power on the demand for fitness equipment.
- The increasing integration of digital and smart technologies in exercise equipment.
- The influence of health and fitness trends, including home fitness, on import volumes.
- Potential policy changes regarding imports and tariffs that could impact cost and availability.
- Preferences shifting toward sustainable and eco-friendly equipment options.
