Canada: Market for Snow-Skis And Other Snow-Ski Equipment, Ice-Skates And Roller-Skates 2024

Market Size for Snow-Skis And Other Snow-Ski Equipment, Ice-Skates And Roller-Skates in Canada

In 2021, the Canadian market for snow-skis and other snow-ski equipment, ice-skates and roller-skates increased by 31% to $X for the first time since 2018, thus ending a two-year declining trend. Overall, consumption, however, saw a slight decline. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Exports of Snow-Skis And Other Snow-Ski Equipment, Ice-Skates And Roller-Skates

Exports from Canada

In 2021, approx. X tons of snow-skis and other snow-ski equipment, ice-skates and roller-skates were exported from Canada; jumping by 26% compared with 2020 figures. Over the period under review, exports, however, showed a noticeable shrinkage. The pace of growth was the most pronounced in 2014 when exports increased by 45% 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, exports of snow-skis and other snow-ski equipment, ice-skates and roller-skates soared to $X in 2021. Overall, total exports indicated a noticeable increase from 2012 to 2021: its value increased at an average annual rate of +2.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when exports increased by 44% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for exports of snow-skis and other snow-ski equipment, ice-skates and roller-skates from Canada, with a 74% share of total exports. Moreover, exports of snow-skis and other snow-ski equipment, ice-skates and roller-skates to the United States exceeded the volume sent to the second major destination, Sweden (X tons), more than tenfold. The third position in this ranking was held by Russia (X tons), with a 3.4% share.

From 2012 to 2021, the average annual growth rate of volume to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (-11.8% per year) and Russia (+4.6% per year).

In value terms, the United States ($X) remains the key foreign market for snow-skis and other snow-ski equipment, ice-skates and roller-skates exports from Canada, comprising 73% of total exports. The second position in the ranking was held by Sweden ($X), with a 4.4% share of total exports. It was followed by Norway, with a 3.1% share.

From 2012 to 2021, the average annual growth rate of value to the United States stood at +4.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (-8.6% per year) and Norway (+7.6% per year).

Export Prices by Country

The average export price for snow-skis and other snow-ski equipment, ice-skates and roller-skates stood at $X per ton in 2021, growing by 10% against the previous year. In general, export price indicated tangible growth from 2012 to 2021: its price increased at an average annual rate of +4.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, export price for snow-skis and other snow-ski equipment, ice-skates and roller-skates decreased by +0.1% against 2018 indices. The most prominent rate of growth was recorded in 2018 when the average export price increased by 19%. The export price peaked in 2021 and is likely to continue growth in the near future.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Norway ($X per ton), while the average price for exports to Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+5.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Snow-Skis And Other Snow-Ski Equipment, Ice-Skates And Roller-Skates

Imports into Canada

Imports of snow-skis and other snow-ski equipment, ice-skates and roller-skates into Canada soared to X tons in 2021, increasing by 19% on the previous year. In general, imports, however, continue to indicate a mild shrinkage. Over the period under review, imports of reached the maximum at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, imports of snow-skis and other snow-ski equipment, ice-skates and roller-skates soared to $X in 2021. The total import value increased at an average annual rate of +1.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of skis and its equipment and skates to Canada, accounting for a 51% share of total imports. Moreover, imports of snow-skis and other snow-ski equipment, ice-skates and roller-skates from China exceeded the figures recorded by the second-largest supplier, Vietnam (X tons), sixfold. The third position in this ranking was taken by Thailand (X tons), with a 7.9% share.

From 2012 to 2021, the average annual growth rate of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+22.4% per year) and Thailand (-13.9% per year).

In value terms, China ($X) constituted the largest supplier of snow-skis and other snow-ski equipment, ice-skates and roller-skates to Canada, comprising 39% of total imports. The second position in the ranking was taken by Austria ($X), with an 11% share of total imports. It was followed by Vietnam, with a 4.9% share.

From 2012 to 2021, the average annual growth rate of value from China totaled +1.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (+0.2% per year) and Vietnam (+24.1% per year).

Import Prices by Country

The average import price for snow-skis and other snow-ski equipment, ice-skates and roller-skates stood at $X per ton in 2021, with an increase of 12% against the previous year. Over the last nine-year period, it increased at an average annual rate of +3.3%. The growth pace was the most rapid in 2020 an increase of 13%. The import price peaked in 2021 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Romania ($X per ton), while the price for Cambodia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Romania (+7.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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