ASEAN: Market for Snow-Skis And Other Snow-Ski Equipment, Ice-Skates And Roller-Skates 2024

Market Size for Snow-Skis And Other Snow-Ski Equipment, Ice-Skates And Roller-Skates in ASEAN

In 2021, the ASEAN market for snow-skis and other snow-ski equipment, ice-skates and roller-skates increased by 22% to $X, rising for the second consecutive year after five years of decline. Overall, consumption, however, saw a pronounced decline. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Production of Snow-Skis And Other Snow-Ski Equipment, Ice-Skates And Roller-Skates in ASEAN

In value terms, production of snow-skis and other snow-ski equipment, ice-skates and roller-skates dropped modestly to $X in 2021 estimated in export price. Overall, production showed a perceptible contraction. The most prominent rate of growth was recorded in 2014 with an increase of 11% against the previous year. Over the period under review, production of attained the peak level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Exports of Snow-Skis And Other Snow-Ski Equipment, Ice-Skates And Roller-Skates

Exports in ASEAN

In 2021, exports of snow-skis and other snow-ski equipment, ice-skates and roller-skates in ASEAN declined notably to X tons, falling by -37.5% on the previous year. Over the period under review, exports saw a perceptible decrease. The growth pace was the most rapid in 2018 with an increase of 25%. The volume of export peaked at X tons in 2020, and then declined remarkably in the following year.

In value terms, exports of snow-skis and other snow-ski equipment, ice-skates and roller-skates reduced dramatically to $X in 2021. The total export value increased at an average annual rate of +1.0% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 with an increase of 22%. The level of export peaked at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

Vietnam represented the largest exporter of snow-skis and other snow-ski equipment, ice-skates and roller-skates in ASEAN, with the volume of exports reaching X tons, which was approx. 56% of total exports in 2021. Thailand (X tons) ranks second in terms of the total exports with a 29% share, followed by Malaysia (9.3%) and Singapore (4.8%).

From 2012 to 2021, the biggest increases were recorded for Malaysia (with a CAGR of +44.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest skis and its equipment and skates supplying countries in ASEAN were Vietnam ($X), Thailand ($X) and Malaysia ($X), with a combined 94% share of total exports.

In terms of the main exporting countries, Malaysia, with a CAGR of +38.9%, saw the highest rates of growth with regard to 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, increasing by 24% against the previous year. Over the last nine-year period, 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.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, 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 (+6.0%), while the other leaders experienced mixed trends in the export price figures.

Imports of Snow-Skis And Other Snow-Ski Equipment, Ice-Skates And Roller-Skates

Imports in ASEAN

In 2021, overseas purchases of snow-skis and other snow-ski equipment, ice-skates and roller-skates increased by 109% to X tons, rising for the second year in a row after three years of decline. Overall, imports saw a resilient increase. The most prominent rate of growth was recorded in 2016 when imports increased by 224% against the previous year. As a result, imports reached the peak of X tons. From 2017 to 2021, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of snow-skis and other snow-ski equipment, ice-skates and roller-skates surged to $X in 2021. In general, imports saw a remarkable increase. 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) represented the largest importer of snow-skis and other snow-ski equipment, ice-skates and roller-skates, generating 58% of total imports. It was distantly followed by Thailand (X tons), Singapore (X tons), Vietnam (X tons) and Malaysia (X tons), together making up a 38% share of total imports. Cambodia (X tons) followed a long way behind the leaders.

Imports into Indonesia increased at an average annual rate of +23.2% from 2012 to 2021. At the same time, Cambodia (+32.1%), Thailand (+28.4%), Vietnam (+10.9%), Singapore (+4.2%) and Malaysia (+3.6%) displayed positive paces of growth. Moreover, Cambodia emerged as the fastest-growing importer imported in ASEAN, with a CAGR of +32.1% from 2012-2021. Indonesia (+21 p.p.), Thailand (+9.1 p.p.) and Cambodia (+1.7 p.p.) significantly strengthened its position in terms of the total imports, while Vietnam, Malaysia and Singapore saw its share reduced by -4.7%, -12.4% and -14.2% from 2012 to 2021, respectively.

In value terms, the largest skis and its equipment and skates importing markets in ASEAN were Indonesia ($X), Singapore ($X) and Vietnam ($X), together comprising 63% of total imports. Thailand, Malaysia and Cambodia lagged somewhat behind, together accounting for a further 34%.

Thailand, with a CAGR of +19.5%, 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, reducing by -14.1% against the previous year. Over the period under review, the import price continues to indicate a abrupt decline. The most prominent rate of growth was recorded in 2018 when the import price increased by 255% against the previous year. As a result, import price reached the peak level of $X per ton. From 2019 to 2021, the import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+3.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform