Eastern Asia: Skates Market 2024

Skates Market Size in Eastern Asia

The East Asian skates market shrank remarkably to $X in 2021, falling by -20.5% against the previous year. Overall, consumption, however, showed a mild contraction. As a result, consumption attained the peak level of $X. From 2018 to 2021, the growth of the market failed to regain momentum.

Skates Production in Eastern Asia

In value terms, skates production declined to $X in 2021 estimated in export price. In general, production, however, saw a pronounced descent. The pace of growth was the most pronounced in 2016 when the production volume increased by 42%. Over the period under review, production hit record highs at $X in 2017; however, from 2018 to 2021, production stood at a somewhat lower figure.

Skates Exports

Exports in Eastern Asia

In 2021, shipments abroad of ice skates and roller skates increased by 72% to X tons, rising for the second year in a row after two years of decline. In general, exports showed a slight expansion. The growth pace was the most rapid in 2016 with an increase of 115% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are likely to see steady growth in the near future.

In value terms, skates exports surged to $X in 2021. Total exports indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +5.3% 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 +117.5% against 2018 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, China (X tons) represented the largest exporter of ice skates and roller skates in Eastern Asia, mixing up 100% of total export.

China was also the fastest-growing in terms of the ice skates and roller skates exports, with a CAGR of +1.9% from 2012 to 2021. While the share of China (+1.6 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) also remains the largest skates supplier in Eastern Asia.

In China, skates exports increased at an average annual rate of +5.7% over the period from 2012-2021.

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2021, rising by 3.4% against the previous year. In general, the export price saw a temperate increase. The most prominent rate of growth was recorded in 2014 an increase of 74%. The level of export peaked at $X per ton in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for China.

From 2012 to 2021, the rate of growth in terms of prices for China amounted to +3.7% per year.

Skates Imports

Imports in Eastern Asia

In 2021, purchases abroad of ice skates and roller skates increased by 27% to X tons for the first time since 2017, thus ending a three-year declining trend. In general, imports, however, continue to indicate a noticeable curtailment. The most prominent rate of growth was recorded in 2014 with an increase of 57%. As a result, imports attained the peak of X tons. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, skates imports surged to $X in 2021. Over the period under review, imports, however, recorded a noticeable reduction. The most prominent rate of growth was recorded in 2014 when imports increased by 48%. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

South Korea represented the key importing country with an import of around X tons, which reached 39% of total imports. China (X tons) took the second position in the ranking, followed by Japan (X tons), Taiwan (Chinese) (X tons) and Hong Kong SAR (X tons). All these countries together took near 58% share of total imports. Democratic People's Republic of Korea (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Democratic People's Republic of Korea (with a CAGR of +31.0%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, the largest skates importing markets in Eastern Asia were South Korea ($X), China ($X) and Japan ($X), together comprising 84% of total imports. Hong Kong SAR, Taiwan (Chinese) and Democratic People's Republic of Korea lagged somewhat behind, together comprising a further 16%.

In terms of the main importing countries, Democratic People's Republic of Korea, with a CAGR of +14.4%, 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

The import price in Eastern Asia stood at $X per ton in 2021, with an increase of 5.2% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the import price increased by 5.5%. The level of import 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 importing countries. In 2021, the country with the highest price was Japan ($X per ton), while Democratic People's Republic of Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+6.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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