Canada: Skates Market 2024

Skates Market Size in Canada

The Canadian skates market was finally on the rise to reach $X in 2021, after two years of decline. Overall, consumption, however, saw a relatively flat trend pattern. Skates consumption peaked at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Skates Exports

Exports from Canada

Skates exports from Canada soared to X tons in 2021, rising by 29% on the year before. Overall, exports, however, saw a perceptible curtailment. The pace of growth appeared the most rapid in 2014 when exports increased by 41% against the previous year. The exports peaked at X tons in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

In value terms, skates exports soared to $X in 2021. In general, exports, however, showed a relatively flat trend pattern. Over the period under review, the exports reached the maximum at $X in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

Exports by Country

The United States (X tons) was the main destination for skates exports from Canada, with a 76% share of total exports. Moreover, skates exports to the United States exceeded the volume sent to the second major destination, Sweden (X tons), more than tenfold. Russia (X tons) ranked third in terms of total exports with a 4.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States stood at -2.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (-12.1% per year) and Russia (+4.9% per year).

In value terms, the United States ($X) remains the key foreign market for ice skates and roller skates exports from Canada, comprising 76% of total exports. The second position in the ranking was taken by Sweden ($X), with a 6.5% share of total exports. It was followed by Russia, with a 4.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States totaled +1.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (-9.0% per year) and Russia (+8.5% per year).

Export Prices by Country

In 2021, the average skates export price amounted to $X per ton, surging by 11% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.5%. The growth pace was the most rapid in 2018 when the average export price increased by 24%. As a result, the export price reached the peak level of $X per ton. From 2019 to 2021, the average export prices remained at a somewhat lower figure.

Average prices varied noticeably for the major overseas markets. In 2021, the countries with the highest prices were Germany ($X per ton) and Russia ($X per ton), while the average price for exports to the Netherlands ($X per ton) and Taiwan (Chinese) ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+3.5%), while the prices for the other major destinations experienced more modest paces of growth.

Skates Imports

Imports into Canada

In 2021, overseas purchases of ice skates and roller skates increased by 17% to X tons for the first time since 2018, thus ending a two-year declining trend. In general, imports, however, recorded a pronounced curtailment. The most prominent rate of growth was recorded in 2017 with an increase of 18%. Imports peaked at X tons in 2015; however, from 2016 to 2021, imports remained at a lower figure.

In value terms, skates imports soared to $X in 2021. Overall, imports, however, saw a relatively flat trend pattern. Over the period under review, imports hit record highs at $X in 2015; however, from 2016 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest skates supplier to Canada, with a 65% share of total imports. Moreover, skates imports from China exceeded the figures recorded by the second-largest supplier, Vietnam (X tons), fivefold. The third position in this ranking was held by Thailand (X tons), with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+22.6% per year) and Thailand (-14.0% per year).

In value terms, China ($X) constituted the largest supplier of ice skates and roller skates to Canada, comprising 65% of total imports. The second position in the ranking was taken by Vietnam ($X), with a 14% share of total imports. It was followed by Thailand, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +1.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+24.4% per year) and Thailand (-12.6% per year).

Import Prices by Country

In 2021, the average skates import price amounted to $X per ton, increasing by 8% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.5%. The growth pace was the most rapid in 2020 an increase of 10%. The import price peaked at $X per ton in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, the countries with the highest prices were Vietnam ($X per ton) and Thailand ($X per ton), while the price for China ($X per ton) and Cambodia ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Cambodia (+9.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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