Asia-Pacific: Skates Market 2024

Skates Market Size in Asia-Pacific

For the third year in a row, the Asia-Pacific skates market recorded growth in sales value, which increased by 5.4% to $X in 2021. The market value increased at an average annual rate of +1.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked in 2021 and is likely to see steady growth in years to come.

Skates Production in Asia-Pacific

In value terms, skates production contracted slightly to $X in 2021 estimated in export price. In general, production, however, saw a mild decline. The pace of growth appeared the most rapid in 2016 with an increase of 31% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Skates Exports

Exports in Asia-Pacific

In 2021, overseas shipments 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 expansion 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 pace of growth appeared the most rapid in 2016 when exports increased by 91% against the previous year. The volume of export peaked in 2021 and is likely to see steady growth in the immediate term.

In value terms, skates exports surged to $X in 2021. Total exports indicated a perceptible expansion 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 +92.8% 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, finishing at X tons, which was approx. 95% of total exports in 2021. Vietnam (X tons) took a minor share of total exports.

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. China (+4 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

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

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

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2021, remaining relatively unchanged against the previous year. Overall, the export price enjoyed a noticeable expansion. The growth pace was the most rapid in 2014 an increase of 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 amounted to $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-Pacific

In 2021, overseas purchases of ice skates and roller skates increased by 69% to X tons, rising for the second year in a row after two years of decline. Overall, imports enjoyed a buoyant increase. The growth pace was the most rapid in 2016 when imports increased by 76%. The volume of import peaked at X tons in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, skates imports surged to $X in 2021. Total imports indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +5.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +64.8% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Indonesia was the largest importer of ice skates and roller skates in Asia-Pacific, with the volume of imports recording X tons, which was approx. 33% of total imports in 2021. Australia (X tons) took a 12% share (based on physical terms) of total imports, which put it in second place, followed by Thailand (8.9%), South Korea (8.8%), China (4.8%), Singapore (4.7%) and Vietnam (4.5%). Japan (X tons), India (X tons), Malaysia (X tons), New Zealand (X tons), Taiwan (Chinese) (X tons) and Hong Kong SAR (X tons) held a little share of total imports.

Imports into Indonesia increased at an average annual rate of +29.9% from 2012 to 2021. At the same time, Thailand (+34.9%), Malaysia (+17.4%), New Zealand (+14.5%), India (+13.7%), Vietnam (+11.0%), Australia (+9.7%) and South Korea (+3.0%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of +34.9% from 2012-2021. By contrast, China (-1.8%), Japan (-1.8%), Singapore (-2.9%), Taiwan (Chinese) (-2.9%) and Hong Kong SAR (-16.9%) illustrated a downward trend over the same period. While the share of Indonesia (+27 p.p.), Thailand (+7.7 p.p.), Australia (+1.6 p.p.) and Malaysia (+1.5 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Taiwan (Chinese) (-3.5 p.p.), South Korea (-4.7 p.p.), Japan (-5.7 p.p.), China (-6.5 p.p.), Singapore (-7.4 p.p.) and Hong Kong SAR (-17 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest skates importing markets in Asia-Pacific were Australia ($X), South Korea ($X) and China ($X), with a combined 42% share of total imports. These countries were followed by Singapore, Indonesia, Japan, Vietnam, Thailand, India, Malaysia, New Zealand, Hong Kong SAR and Taiwan (Chinese), which together accounted for 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

The import price in Asia-Pacific stood at $X per ton in 2021, declining by -6.2% against the previous year. In general, the import price recorded a pronounced contraction. The most prominent rate of growth was recorded in 2018 an increase of 82% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+7.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :