Colombia: Ski-Suit Market 2024

Ski-Suit Market Size in Colombia

In 2021, the Colombian ski-suit market increased by 17% to $X for the first time since 2015, thus ending a five-year declining trend. Over the period under review, consumption, however, continues to indicate a abrupt contraction. As a result, consumption reached the peak level of $X. From 2016 to 2021, the growth of the market remained at a lower figure.

Ski-Suit Production in Colombia

In value terms, ski-suit production surged to $X in 2021 estimated in export price. In general, production, however, showed a abrupt curtailment. The most prominent rate of growth was recorded in 2015 with an increase of 103% against the previous year. As a result, production attained the peak level of $X. From 2016 to 2021, production growth remained at a lower figure.

Ski-Suit Exports

Exports from Colombia

In 2021, the amount of ski-suits (excluding of knitted or crocheted textiles) exported from Colombia shrank notably to X units, with a decrease of -55.6% compared with 2020 figures. Over the period under review, exports, however, posted a mild expansion. The pace of growth appeared the most rapid in 2013 with an increase of 2,363% against the previous year. As a result, the exports attained the peak of X units. From 2014 to 2021, the growth of the exports failed to regain momentum.

In value terms, ski-suit exports declined remarkably to $X in 2021. Overall, exports continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2013 when exports increased by 1,590%. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

The Dominican Republic (X units), Ecuador (X units) and the United States (X units) were the main destinations of ski-suit exports from Colombia, with a combined 77% share of total exports.

From 2012 to 2021, the biggest increases were recorded for the United States (with a CAGR of +57.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) emerged as the key foreign market for ski-suits (excluding of knitted or crocheted textiles) exports from Colombia, comprising 37% of total exports. The second position in the ranking was held by Ecuador ($X), with an 18% share of total exports. It was followed by the Dominican Republic, with a 17% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States totaled +68.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ecuador (-26.4% per year) and the Dominican Republic (-9.2% per year).

Export Prices by Country

In 2021, the average ski-suit export price amounted to $X per unit, increasing by 7.6% against the previous year. Overall, the export price, however, continues to indicate a abrupt slump. The growth pace was the most rapid in 2018 an increase of 21%. Over the period under review, the average export prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was the United States ($X per unit), while the average price for exports to Haiti ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Aruba (+8.2%), while the prices for the other major destinations experienced mixed trend patterns.

Ski-Suit Imports

Imports into Colombia

In 2021, after four years of growth, there was significant decline in purchases abroad of ski-suits (excluding of knitted or crocheted textiles), when their volume decreased by -16.2% to X units. Over the period under review, imports continue to indicate a mild decrease. The pace of growth was the most pronounced in 2017 with an increase of 663% against the previous year. Imports peaked at X units in 2020, and then declined notably in the following year.

In value terms, ski-suit imports reduced markedly to $X in 2021. In general, imports continue to indicate a mild descent. The most prominent rate of growth was recorded in 2017 when imports increased by 780%. Over the period under review, imports attained the maximum at $X in 2020, and then fell significantly in the following year.

Imports by Country

In 2021, China (X units) constituted the largest ski-suit supplier to Colombia, accounting for a 51% share of total imports. Moreover, ski-suit imports from China exceeded the figures recorded by the second-largest supplier, Thailand (X units), twofold. The third position in this ranking was held by Spain (X units), with a 13% 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: Thailand (+138.3% per year) and Spain (+40.5% per year).

In value terms, China ($X), Spain ($X) and Thailand ($X) appeared to be the largest ski-suit suppliers to Colombia, with a combined 89% share of total imports. These countries were followed by Mexico, Cambodia and the United States, which together accounted for a further 9.1%.

In terms of the main suppliers, Cambodia, with a CAGR of +25,246.8%, saw the highest growth rate of 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

The average ski-suit import price stood at $X per unit in 2021, remaining constant against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of 21% against the previous year. The import price peaked at $X per unit in 2020, and then fell in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Cambodia (+46.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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