Malaysia's import of physical exercise, gymnasium, and athletics equipment exhibited fluctuating trends. In 2023, the import volume stood at 11.3 million kilograms. Over the past two years, the year-on-year variations were 1.87% in 2022 and 1.8% in 2023. The compound annual growth rate (CAGR) for the last five years was 0.84%. Forecasted data from 2024 onwards show a stable annual growth rate, with a 5-year CAGR of 1.39% and an overall projected increase of 7.16% by 2028.
Future trends to watch for include:
- Increased health consciousness driving steady demand for gym equipment.
- Potential impacts of economic shifts or policy changes on import volumes.
- Technological advancements in fitness equipment influencing import trends.
