ASEAN: Ski-Suit Market 2024

Ski-Suit Market Size in ASEAN

In 2021, the ASEAN ski-suit market was finally on the rise to reach $X after five years of decline. Overall, consumption, however, recorded a abrupt setback. As a result, consumption reached the peak level of $X. From 2016 to 2021, the growth of the market remained at a somewhat lower figure.

Ski-Suit Production in ASEAN

In value terms, ski-suit production expanded significantly to $X in 2021 estimated in export price. Over the period under review, production, however, saw a abrupt slump. The growth pace was the most rapid in 2015 when the production volume increased by 138% against the previous year. As a result, production attained the peak level of $X. From 2016 to 2021, production growth remained at a lower figure.

Ski-Suit Exports

Exports in ASEAN

In 2021, ski-suit exports in ASEAN soared to X units, jumping by 112% on the previous year's figure. In general, exports, however, showed a deep setback. The pace of growth was the most pronounced in 2019 with an increase of 151% against the previous year. Over the period under review, the exports reached the maximum at X units in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, ski-suit exports soared to $X in 2021. Over the period under review, exports, however, recorded a abrupt decrease. The most prominent rate of growth was recorded in 2019 with an increase of 85%. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Myanmar represented the key exporting country with an export of about X units, which resulted at 60% of total exports. It was distantly followed by Vietnam (X units), mixing up a 36% share of total exports. Cambodia (X units) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Cambodia (with a CAGR of +12.9%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, Vietnam ($X), Myanmar ($X) and Cambodia ($X) constituted the countries with the highest levels of exports in 2021, with a combined 97% share of total exports.

Cambodia, with a CAGR of +4.4%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

The export price in ASEAN stood at $X per unit in 2021, falling by -29.2% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 56% against the previous year. As a result, the export price reached the peak level of $X per unit, and then dropped significantly in the following year.

Prices varied noticeably country of origin: the country with the highest price was Vietnam ($X per unit), while Cambodia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+5.3%), while the other leaders experienced a decline in the export price figures.

Ski-Suit Imports

Imports in ASEAN

Ski-suit imports surged to X units in 2021, with an increase of 48% against the previous year. In general, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when imports increased by 67%. The volume of import peaked at X units in 2015; however, from 2016 to 2021, imports failed to regain momentum.

In value terms, ski-suit imports rose rapidly to $X in 2021. Overall, imports, however, faced a abrupt decline. The pace of growth appeared the most rapid in 2019 with an increase of 17% against the previous year. The level of import peaked at $X in 2015; however, from 2016 to 2021, imports remained at a lower figure.

Imports by Country

Singapore represented the major importing country with an import of about X units, which recorded 63% of total imports. It was distantly followed by Vietnam (X units), creating a 26% share of total imports. The following importers - the Philippines (X units), Myanmar (X units) and Malaysia (X units) - together made up 8.1% of total imports.

From 2012 to 2021, average annual rates of growth with regard to ski-suit imports into Singapore stood at +8.4%. At the same time, the Philippines (+8.9%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest-growing importer imported in ASEAN, with a CAGR of +8.9% from 2012-2021. By contrast, Vietnam (-1.4%), Malaysia (-14.1%) and Myanmar (-18.3%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Singapore and the Philippines increased by +30 and +1.9 percentage points, respectively.

In value terms, the largest ski-suit importing markets in ASEAN were Singapore ($X), Vietnam ($X) and Malaysia ($X), with a combined 82% share of total imports. Myanmar and the Philippines lagged somewhat behind, together comprising a further 8%.

The Philippines, with a CAGR of +11.9%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

The import price in ASEAN stood at $X per unit in 2021, shrinking by -24.6% against the previous year. Over the period under review, the import price recorded a abrupt contraction. The most prominent rate of growth was recorded in 2016 when the import price increased by 2.2%. The level of import peaked at $X per unit 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 ($X per unit), while Singapore ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+14.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform