ASEAN: Skis Market 2024

Skis Market Size in ASEAN

The ASEAN skis market skyrocketed to $X in 2021, surging by 18% against the previous year. Over the period under review, consumption, however, saw a drastic downturn. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Skis Production in ASEAN

In value terms, skis production skyrocketed to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a abrupt slump. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Skis Exports

Exports in ASEAN

Skis exports soared to X tons in 2021, increasing by 47% on 2020. Over the period under review, exports enjoyed resilient growth. The pace of growth was the most pronounced in 2015 with an increase of 149%. Over the period under review, the exports reached the maximum at X tons in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, skis exports surged to $X in 2021. In general, exports showed a resilient expansion. The most prominent rate of growth was recorded in 2015 when exports increased by 104% against the previous year. Over the period under review, the exports attained the maximum at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

Vietnam (X tons) and Myanmar (X tons) prevails in exports structure, together making up 94% of total exports. It was distantly followed by Singapore (X tons), generating a 4.5% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Myanmar (with a CAGR of +110.4%), while the other leaders experienced more modest paces of growth.

In value terms, the largest skis supplying countries in ASEAN were Vietnam ($X), Myanmar ($X) and Singapore ($X), together accounting for 99% of total exports.

Myanmar, with a CAGR of +89.8%, saw the highest growth rate of the value of exports, among the main exporting countries 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, waning by -7.8% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.1%. The growth pace was the most rapid in 2020 when the export price increased by 42%. As a result, the export price reached the peak level of $X per ton, and then dropped in the following year.

Average prices varied noticeably amongst the major exporting countries. In 2021, the country with the highest price was Singapore ($X per ton), while Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+8.2%), while the other leaders experienced mixed trends in the export price figures.

Skis Imports

Imports in ASEAN

In 2021, supplies from abroad of skis for winter sports decreased by -5.2% to X tons, falling for the third year in a row after two years of growth. Over the period under review, imports recorded a deep contraction. The pace of growth appeared the most rapid in 2015 when imports increased by 224%. The volume of import peaked at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, skis imports dropped modestly to $X in 2021. Overall, imports recorded a abrupt slump. The pace of growth was the most pronounced in 2015 when imports increased by 174%. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Singapore was the main importer of skis for winter sports in ASEAN, with the volume of imports amounting to X tons, which was approx. 56% of total imports in 2021. Indonesia (X kg) ranks second in terms of the total imports with an 18% share, followed by Cambodia (6.4%) and Thailand (5.2%). The following importers - Myanmar (X kg), Malaysia (X kg) and Vietnam (X kg) - each resulted at a 12% share of total imports.

From 2012 to 2021, average annual rates of growth with regard to skis imports into Singapore stood at -15.6%. At the same time, Myanmar (+31.8%) and Cambodia (+18.9%) displayed positive paces of growth. Moreover, Myanmar emerged as the fastest-growing importer imported in ASEAN, with a CAGR of +31.8% from 2012-2021. By contrast, Indonesia (-1.6%), Thailand (-5.4%), Malaysia (-13.5%) and Vietnam (-22.1%) illustrated a downward trend over the same period. Indonesia (+14 p.p.), Singapore (+7.8 p.p.), Cambodia (+6.2 p.p.), Myanmar (+4.1 p.p.) and Thailand (+3.6 p.p.) significantly strengthened its position in terms of the total imports, while Vietnam saw its share reduced by -3% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Singapore ($X) constitutes the largest market for imported skis for winter sports in ASEAN, comprising 53% of total imports. The second position in the ranking was taken by Thailand ($X), with a 14% share of total imports. It was followed by Indonesia, with a 9.5% share.

From 2012 to 2021, the average annual growth rate of value in Singapore totaled -14.6%. The remaining importing countries recorded the following average annual rates of imports growth: Thailand (+7.5% per year) and Indonesia (+6.7% per year).

Import Prices by Country

The import price in ASEAN stood at $X per ton in 2021, rising by 1.8% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.9%. The most prominent rate of growth was recorded in 2020 an increase of 18% against the previous year. Over the period under review, import prices attained the peak figure in 2021 and is likely to see gradual growth in years to come.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+13.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform