Asia-Pacific: Ski-Suit Market 2024

Ski-Suit Market Size in Asia-Pacific

In 2021, after five years of decline, there was significant growth in the Asia-Pacific ski-suit market, when its value increased by 5.5% to $X. In general, consumption, however, continues to indicate a pronounced setback. As a result, consumption attained the peak level of $X. From 2016 to 2021, the growth of the market failed to regain momentum.

Ski-Suit Production in Asia-Pacific

In value terms, ski-suit production totaled $X in 2021 estimated in export price. Over the period under review, production, however, recorded a noticeable descent. The pace of growth appeared the most rapid in 2015 with an increase of 79%. As a result, production reached the peak level of $X. From 2016 to 2021, production growth remained at a lower figure.

Ski-Suit Exports

Exports in Asia-Pacific

In 2021, exports of ski-suits (excluding of knitted or crocheted textiles) in Asia-Pacific soared to X units, increasing by 22% against 2020. Over the period under review, exports, however, recorded a noticeable downturn. The most prominent rate of growth was recorded in 2017 when exports increased by 30% against the previous year. The volume of export peaked at X units in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, ski-suit exports surged to $X in 2021. Overall, exports, however, saw a noticeable contraction. The level of export peaked at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

China dominates exports structure, reaching X units, which was approx. 86% of total exports in 2021. Myanmar (X units), Bangladesh (X units), Democratic People's Republic of Korea (X units), Vietnam (X units) and Pakistan (X units) followed a long way behind the leaders.

Exports from China decreased at an average annual rate of -2.5% from 2012 to 2021. At the same time, Pakistan (+5.9%), Myanmar (+3.4%) and Bangladesh (+2.1%) displayed positive paces of growth. Moreover, Pakistan emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +5.9% from 2012-2021. By contrast, Democratic People's Republic of Korea (-7.3%) and Vietnam (-12.0%) illustrated a downward trend over the same period. China (+3.6 p.p.) significantly strengthened its position in terms of the total exports, while Vietnam saw its share reduced by -2.8% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest ski-suit supplier in Asia-Pacific, comprising 84% of total exports. The second position in the ranking was held by Vietnam ($X), with a 4.9% share of total exports. It was followed by Democratic People's Republic of Korea, with a 4% share.

In China, ski-suit exports shrank by an average annual rate of -3.5% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Vietnam (-7.4% per year) and Democratic People's Republic of Korea (-2.4% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per unit in 2021, rising by 8.3% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of 27% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2017 to 2021, the export prices remained 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 ($X per unit), while Pakistan ($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 more modest paces of growth.

Ski-Suit Imports

Imports in Asia-Pacific

In 2021, supplies from abroad of ski-suits (excluding of knitted or crocheted textiles) was finally on the rise to reach X units for the first time since 2017, thus ending a three-year declining trend. Over the period under review, imports, however, continue to indicate a abrupt contraction. Over the period under review, imports attained the peak figure at X units in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, ski-suit imports soared to $X in 2021. Overall, imports, however, saw a abrupt decline. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

Japan represented the key importer of ski-suits (excluding of knitted or crocheted textiles) in Asia-Pacific, with the volume of imports amounting to X units, which was approx. 61% of total imports in 2021. South Korea (X units) held a 13% share (based on physical terms) of total imports, which put it in second place, followed by Singapore (4.5%). Hong Kong SAR (X units), China (X units), Australia (X units), Taiwan (Chinese) (X units), New Zealand (X units) and Vietnam (X units) followed a long way behind the leaders.

Imports into Japan decreased at an average annual rate of -16.8% from 2012 to 2021. At the same time, New Zealand (+18.2%), Taiwan (Chinese) (+17.7%) and Singapore (+8.4%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of +18.2% from 2012-2021. By contrast, Vietnam (-1.4%), Australia (-8.9%), Hong Kong SAR (-10.9%), South Korea (-16.8%) and China (-30.0%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Singapore, Taiwan (Chinese), New Zealand, Hong Kong SAR and Australia increased by +4.1, +2.8, +2.1, +2 and +1.7 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Japan ($X) constitutes the largest market for imported ski-suits (excluding of knitted or crocheted textiles) in Asia-Pacific, comprising 57% of total imports. The second position in the ranking was taken by South Korea ($X), with a 15% share of total imports. It was followed by China, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Japan amounted to -15.7%. In the other countries, the average annual rates were as follows: South Korea (-11.5% per year) and China (-15.0% per year).

Import Prices by Country

In 2021, the import price in Asia-Pacific amounted to $X per unit, jumping by 17% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.1%. As a result, import 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 importing countries. In 2021, the country with the highest price was China ($X per unit), while Singapore ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+21.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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