Asia: Skis Market 2024

Skis Market Size in Asia

The Asian skis market rose remarkably to $X in 2021, increasing by 11% against the previous year. In general, consumption, however, showed a mild descent. Over the period under review, the market reached the maximum level at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Skis Production in Asia

In value terms, skis production expanded significantly to $X in 2021 estimated in export price. In general, production, however, continues to indicate a mild decrease. The level of production peaked at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

Skis Exports

Exports in Asia

In 2021, shipments abroad of skis for winter sports increased by 58% to X tons, rising for the fifth year in a row after four years of decline. In general, exports showed a pronounced increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, skis exports surged to $X in 2021. Total exports indicated a measured increase from 2012 to 2021: its value increased at an average annual rate of +2.6% 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 +156.6% against 2016 indices. The most prominent rate of growth was recorded in 2017 with an increase of 40%. The level of export peaked in 2021 and is likely to see gradual growth in the immediate term.

Exports by Country

In 2021, China (X tons) was the key exporter of skis for winter sports, achieving 62% of total exports. The United Arab Emirates (X tons) took the second position in the ranking, distantly followed by Hong Kong SAR (X tons). All these countries together held near 33% share of total exports.

Exports from China increased at an average annual rate of +1.3% from 2012 to 2021. At the same time, the United Arab Emirates (+52.4%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing exporter exported in Asia, with a CAGR of +52.4% from 2012-2021. By contrast, Hong Kong SAR (-6.5%) illustrated a downward trend over the same period. The United Arab Emirates (+28 p.p.) significantly strengthened its position in terms of the total exports, while Hong Kong SAR and China saw its share reduced by -8% and -20.1% from 2012 to 2021, respectively.

In value terms, the largest skis supplying countries in Asia were the United Arab Emirates ($X), China ($X) and Hong Kong SAR ($X), together comprising 93% of total exports.

In terms of the main exporting countries, the United Arab Emirates, with a CAGR of +70.9%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

The export price in Asia stood at $X per ton in 2021, declining by -12.3% against the previous year. Over the period under review, the export price recorded a mild shrinkage. The growth pace was the most rapid in 2015 an increase of 12% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2016 to 2021, the export prices remained at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was the United Arab Emirates ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+12.2%), while the other leaders experienced mixed trends in the export price figures.

Skis Imports

Imports in Asia

In 2021, overseas purchases of skis for winter sports were finally on the rise to reach X tons after two years of decline. Overall, imports, however, recorded a abrupt slump. The volume of import peaked at X tons in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, skis imports expanded markedly to $X in 2021. In general, imports, however, recorded a abrupt setback. The pace of growth appeared the most rapid in 2018 with an increase of 11%. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

Japan was the key importing country with an import of about X tons, which recorded 47% of total imports. China (X tons) took a 19% share (based on physical terms) of total imports, which put it in second place, followed by South Korea (7.3%), Hong Kong SAR (7%), Turkey (6%) and Kazakhstan (5.8%).

Imports into Japan decreased at an average annual rate of -11.4% from 2012 to 2021. At the same time, China (+23.8%) and Hong Kong SAR (+12.1%) displayed positive paces of growth. Moreover, China emerged as the fastest-growing importer imported in Asia, with a CAGR of +23.8% from 2012-2021. By contrast, Turkey (-1.0%), South Korea (-6.6%) and Kazakhstan (-8.1%) illustrated a downward trend over the same period. While the share of China (+17 p.p.), Hong Kong SAR (+5.7 p.p.) and Turkey (+2.6 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Japan (-26.4 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Japan ($X), China ($X) and South Korea ($X) appeared to be the countries with the highest levels of imports in 2021, together accounting for 76% of total imports.

China, with a CAGR of +26.5%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2021, the import price in Asia amounted to $X per ton, declining by -3.4% against the previous year. Over the last nine years, it increased at an average annual rate of +1.7%. The most prominent rate of growth was recorded in 2016 an increase of 16%. Over the period under review, import prices reached the maximum at $X per ton in 2020, and then contracted slightly in the following year.

Prices varied noticeably country of destination: the country with the highest price was South Korea ($X per ton), while Kazakhstan ($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 (+6.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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