Asia-Pacific: Knitted Ski-Suit Market 2024

Knitted Ski-Suit Market Size in Asia-Pacific

The Asia-Pacific knitted ski-suit market shrank to $X in 2022, waning by -8.4% against the previous year. Over the period under review, consumption showed a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Knitted Ski-Suit Production in Asia-Pacific

In value terms, knitted ski-suit production totaled $X in 2022 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the production volume increased by 13% against the previous year. Over the period under review, production hit record highs at $X in 2015; however, from 2016 to 2022, production stood at a somewhat lower figure.

Knitted Ski-Suit Exports

Exports in Asia-Pacific

In 2022, approx. X units of ski-suits of knitted or crocheted textiles were exported in Asia-Pacific; surging by 86% compared with the year before. In general, exports posted strong growth. The most prominent rate of growth was recorded in 2013 when exports increased by 119%. The volume of export peaked at X units in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, knitted ski-suit exports soared to $X in 2022. Over the period under review, exports saw prominent growth. The growth pace was the most rapid in 2013 when exports increased by 94% against the previous year. The level of export peaked at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

China prevails in exports structure, finishing at X units, which was approx. 89% of total exports in 2022. The following exporters - India (X units) and Vietnam (X units) - together made up 7.4% of total exports.

China was also the fastest-growing in terms of the ski-suits of knitted or crocheted textiles exports, with a CAGR of +10.7% from 2012 to 2022. At the same time, Vietnam (+5.8%) displayed positive paces of growth. By contrast, India (-14.9%) illustrated a downward trend over the same period. While the share of China (+34 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of India (-33.5 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest knitted ski-suit supplier in Asia-Pacific, comprising 81% of total exports. The second position in the ranking was held by Vietnam ($X), with a 5.3% share of total exports.

From 2012 to 2022, the average annual growth rate of value in China totaled +18.7%. In the other countries, the average annual rates were as follows: Vietnam (-0.2% per year) and India (-11.1% per year).

Export Prices by Country

In 2022, the export price in Asia-Pacific amounted to $X per unit, with a decrease of -6.7% against the previous year. Overall, the export price, however, posted a remarkable increase. The growth pace was the most rapid in 2017 an increase of 180% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2018 to 2022, the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Vietnam ($X per unit), while India ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+7.2%), while the other leaders experienced mixed trends in the export price figures.

Knitted Ski-Suit Imports

Imports in Asia-Pacific

In 2022, knitted ski-suit imports in Asia-Pacific surged to X units, with an increase of 26% against the year before. In general, imports enjoyed a strong increase. The most prominent rate of growth was recorded in 2016 when imports increased by 80%. As a result, imports attained the peak of X units. From 2017 to 2022, the growth of imports failed to regain momentum.

In value terms, knitted ski-suit imports reduced to $X in 2022. Overall, imports, however, saw a pronounced slump. The pace of growth appeared the most rapid in 2014 with an increase of 95% against the previous year. The level of import peaked at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Thailand (X units) was the key importer of ski-suits of knitted or crocheted textiles, achieving 58% of total imports. India (X units) held the second position in the ranking, followed by Japan (X units) and South Korea (X units). All these countries together took near 31% share of total imports. French Polynesia (X units) and Afghanistan (X units) held a little share of total imports.

Imports into Thailand increased at an average annual rate of +60.7% from 2012 to 2022. At the same time, French Polynesia (+61.1%), Afghanistan (+56.9%), Japan (+33.3%) and India (+1.5%) displayed positive paces of growth. Moreover, French Polynesia emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of +61.1% from 2012-2022. By contrast, South Korea (-13.6%) illustrated a downward trend over the same period. Thailand (+57 p.p.), Japan (+9.2 p.p.), French Polynesia (+3.6 p.p.) and Afghanistan (+2 p.p.) significantly strengthened its position in terms of the total imports, while India and South Korea saw its share reduced by -5.4% and -49.7% from 2012 to 2022, respectively.

In value terms, South Korea ($X), Japan ($X) and Thailand ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined 59% share of total imports. These countries were followed by India, Afghanistan and French Polynesia, which together accounted for a further 7.8%.

Afghanistan, with a CAGR of +60.5%, saw the highest rates of growth with regard to 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 2022, the import price in Asia-Pacific amounted to $X per unit, dropping by -30.8% against the previous year. In general, the import price showed a abrupt slump. The growth pace was the most rapid in 2020 an increase of 116% against the previous year. The level of import peaked at $X per unit in 2014; however, from 2015 to 2022, 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 South Korea ($X per unit), while French Polynesia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+3.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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