Asia: Skates Market 2024

Skates Market Size in Asia

For the third consecutive year, the Asian skates market recorded growth in sales value, which increased by 10% to $X in 2021. The market value increased at an average annual rate of +1.6% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The level of consumption peaked in 2021 and is expected to retain growth in the near future.

Skates Production in Asia

In value terms, skates production reduced slightly to $X in 2021 estimated in export price. Overall, production, however, showed a mild contraction. The pace of growth appeared the most rapid in 2016 with an increase of 30% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Skates Exports

Exports in Asia

In 2021, shipments abroad of ice skates and roller skates increased by 58% to X tons, rising for the second consecutive year after two years of decline. Total exports indicated a slight increase from 2012 to 2021: its volume increased at an average annual rate of +1.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +62.4% against 2019 indices. The most prominent rate of growth was recorded in 2016 with an increase of 91%. The volume of export peaked in 2021 and is expected to retain growth in the immediate term.

In value terms, skates exports soared to $X in 2021. Total exports indicated measured growth from 2012 to 2021: its value increased at an average annual rate of +4.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +92.6% against 2018 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

China prevails in exports structure, recording X tons, which was near 95% of total exports in 2021. Vietnam (X tons) followed a long way behind the leaders.

China was also the fastest-growing in terms of the ice skates and roller skates exports, with a CAGR of +1.9% from 2012 to 2021. At the same time, Vietnam (+1.9%) displayed positive paces of growth. While the share of China (+4 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest skates supplier in Asia, comprising 91% of total exports. The second position in the ranking was held by Vietnam ($X), with a 4.4% share of total exports.

In China, skates exports expanded at an average annual rate of +5.7% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Asia amounted to $X per ton, approximately equating the previous year. Overall, the export price recorded a temperate expansion. The pace of growth appeared the most rapid in 2014 when the export price increased by 64% against the previous year. The level of export peaked at $X per ton in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Vietnam ($X per ton), while China totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+4.5%).

Skates Imports

Imports in Asia

In 2021, overseas purchases of ice skates and roller skates increased by 99% to X tons, rising for the second consecutive year after two years of decline. Overall, imports saw a temperate expansion. Over the period under review, imports reached 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. Total imports indicated perceptible growth from 2012 to 2021: its value increased at an average annual rate of +4.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of import peaked at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Indonesia (X tons), distantly followed by Saudi Arabia (X tons), Turkey (X tons), the United Arab Emirates (X tons), Thailand (X tons) and South Korea (X tons) were the largest importers of ice skates and roller skates, together constituting 65% of total imports. Kazakhstan (X tons), China (X tons), Singapore (X tons), Vietnam (X tons), Japan (X tons), India (X tons) and Israel (X tons) took a minor share of total imports.

From 2012 to 2021, the biggest increases were recorded for Thailand (with a CAGR of +34.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), South Korea ($X) and Turkey ($X) appeared to be the countries with the highest levels of imports in 2021, with a combined 29% share of total imports. Saudi Arabia, China, Singapore, Kazakhstan, Indonesia, Japan, Vietnam, Thailand, India and Israel lagged somewhat behind, together comprising a further 54%.

Thailand, with a CAGR of +24.4%, saw 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 Asia amounted to $X per ton, falling by -3.8% against the previous year. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the import price increased by 56%. The level of import peaked at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Japan ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kazakhstan (+12.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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