Asia-Pacific: Skis Market 2024

Skis Market Size in Asia-Pacific

The Asia-Pacific skis market amounted to $X in 2021, growing by 11% against the previous year. Over the period under review, consumption, however, continues to indicate a slight setback. Over the period under review, the market attained the maximum level at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Skis Production in Asia-Pacific

In value terms, skis production rose sharply to $X in 2021 estimated in export price. Overall, production, however, saw a mild reduction. Over the period under review, production reached the maximum level at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

Skis Exports

Exports in Asia-Pacific

In 2021, the amount of skis for winter sports exported in Asia-Pacific surged to X tons, rising by 76% compared with 2020 figures. In general, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 120% against the previous year. Over the period under review, the exports reached the peak figure in 2021 and are likely to see steady growth in the immediate term.

In value terms, skis exports soared to $X in 2021. Overall, exports, however, showed a pronounced reduction. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

China dominates exports structure, reaching X tons, which was approx. 88% of total exports in 2021. It was distantly followed by Hong Kong SAR (X tons), comprising a 6.6% share of total exports. Japan (X tons) took a little share of total exports.

From 2012 to 2021, average annual rates of growth with regard to skis exports from China stood at +1.3%. At the same time, Japan (+3.3%) displayed positive paces of growth. Moreover, Japan emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +3.3% from 2012-2021. By contrast, Hong Kong SAR (-6.5%) illustrated a downward trend over the same period. From 2012 to 2021, the share of China increased by +4.5 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest skis supplier in Asia-Pacific, comprising 75% of total exports. The second position in the ranking was held by Hong Kong SAR ($X), with a 13% share of total exports.

From 2012 to 2021, the average annual growth rate of value in China amounted to -5.4%. The remaining exporting countries recorded the following average annual rates of exports growth: Hong Kong SAR (-3.5% per year) and Japan (+6.3% per year).

Export Prices by Country

In 2021, the export price in Asia-Pacific amounted to $X per ton, falling by -17.5% against the previous year. In general, the export price showed a pronounced decline. The growth pace was the most rapid in 2014 an increase of 11%. Over the period under review, the export prices attained the maximum at $X per ton in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+3.1%), while the other leaders experienced mixed trends in the export price figures.

Skis Imports

Imports in Asia-Pacific

In 2021, skis imports in Asia-Pacific reached X tons, growing by 5.9% on the previous year's figure. Over the period under review, imports, however, recorded a abrupt contraction. The growth pace was the most rapid in 2018 when imports increased by 14% against the previous year. The volume of import peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, skis imports expanded notably to $X in 2021. Overall, imports, however, recorded a pronounced reduction. The pace of growth was the most pronounced in 2018 when imports increased by 18% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Japan (X tons) was the main importer of skis for winter sports, achieving 47% of total imports. China (X tons) held the second position in the ranking, followed by Australia (X tons), South Korea (X tons), New Zealand (X tons) and Hong Kong SAR (X tons). All these countries together took near 52% share of total imports.

From 2012 to 2021, average annual rates of growth with regard to skis imports into Japan stood at -11.4%. At the same time, China (+23.8%), Hong Kong SAR (+12.1%) and Australia (+1.2%) displayed positive paces of growth. Moreover, China emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of +23.8% from 2012-2021. New Zealand experienced a relatively flat trend pattern. By contrast, South Korea (-6.6%) illustrated a downward trend over the same period. While the share of China (+17 p.p.), Australia (+6.1 p.p.), Hong Kong SAR (+5.5 p.p.) and New Zealand (+2.7 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Japan (-30.9 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest skis importing markets in Asia-Pacific were Japan ($X), China ($X) and Australia ($X), with a combined 72% share of total imports.

In terms of the main importing countries, China, with a CAGR of +26.5%, recorded the highest rates of growth with regard to the value of imports, 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-Pacific amounted to $X per ton, remaining constant against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.0%. The pace of growth was the most pronounced in 2016 when the import price increased by 13% against the previous year. The level of import peaked in 2021 and is expected to retain 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 South Korea ($X per ton), while Japan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by New Zealand (+6.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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