ASEAN: Skates Market 2024

Skates Market Size in ASEAN

The ASEAN skates market soared to $X in 2021, jumping by 51% against the previous year. In general, consumption showed a resilient expansion. The level of consumption peaked in 2021 and is expected to retain growth in the near future.

Skates Production in ASEAN

In value terms, skates production totaled $X in 2021 estimated in export price. Overall, production showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the production volume increased by 71%. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Skates Exports

Exports in ASEAN

In 2021, after three years of growth, there was significant decline in overseas shipments of ice skates and roller skates, when their volume decreased by -43.4% to X tons. Overall, exports showed a noticeable setback. The pace of growth was the most pronounced in 2018 with an increase of 49%. Over the period under review, the exports reached the peak figure at X tons in 2020, and then shrank markedly in the following year.

In value terms, skates exports reduced dramatically to $X in 2021. Over the period under review, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when exports increased by 44% against the previous year. The level of export peaked at $X in 2020, and then fell sharply in the following year.

Exports by Country

Vietnam was the key exporting country with an export of around X tons, which finished at 68% of total exports. Thailand (X tons) ranks second in terms of the total exports with a 15% share, followed by Malaysia (11%) and Singapore (5.7%).

Exports from Vietnam increased at an average annual rate of +1.9% from 2012 to 2021. At the same time, Malaysia (+48.0%) and Singapore (+20.8%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing exporter exported in ASEAN, with a CAGR of +48.0% from 2012-2021. By contrast, Thailand (-16.7%) illustrated a downward trend over the same period. While the share of Vietnam (+27 p.p.), Malaysia (+11 p.p.) and Singapore (+5 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Thailand (-42 p.p.) displayed negative dynamics.

In value terms, the largest skates supplying countries in ASEAN were Vietnam ($X), Thailand ($X) and Malaysia ($X), together accounting for 95% of total exports.

In terms of the main exporting countries, Malaysia, with a CAGR of +42.1%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in ASEAN stood at $X per ton in 2021, surging by 27% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.4%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was Thailand ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+10.3%), while the other leaders experienced mixed trends in the export price figures.

Skates Imports

Imports in ASEAN

In 2021, purchases abroad of ice skates and roller skates increased by 109% to X tons, rising for the second year in a row after two years of decline. In general, imports recorded a strong increase. The pace of growth was the most pronounced in 2016 when imports increased by 233%. Over the period under review, imports attained the maximum at X tons in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, skates imports skyrocketed to $X in 2021. Overall, imports saw prominent growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Indonesia (X tons) was the main importer of ice skates and roller skates, generating 58% of total imports. Thailand (X tons) took the second position in the ranking, distantly followed by Singapore (X tons), Vietnam (X tons) and Malaysia (X tons). All these countries together took approx. 37% share of total imports. Cambodia (X tons) held a minor share of total imports.

From 2012 to 2021, average annual rates of growth with regard to skates imports into Indonesia stood at +29.9%. At the same time, Cambodia (+36.9%), Thailand (+34.9%), Malaysia (+17.4%) and Vietnam (+11.0%) displayed positive paces of growth. Moreover, Cambodia emerged as the fastest-growing importer imported in ASEAN, with a CAGR of +36.9% from 2012-2021. By contrast, Singapore (-2.9%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Indonesia, Thailand and Cambodia increased by +34, +11 and +2 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Singapore ($X), Indonesia ($X) and Vietnam ($X) appeared to be the countries with the highest levels of imports in 2021, with a combined 64% share of total imports. Thailand, Malaysia and Cambodia lagged somewhat behind, together comprising a further 34%.

Cambodia, with a CAGR of +28.7%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in ASEAN amounted to $X per ton, declining by -10.5% against the previous year. Overall, the import price showed a deep reduction. The growth pace was the most rapid in 2018 when the import price increased by 198%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Malaysia ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+2.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform