Eastern Asia: 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 Eastern Asia

The East Asian market for snow-skis and other snow-ski equipment, ice-skates and roller-skates contracted dramatically to $X in 2021, which is down by -44.8% against the previous year. Over the period under review, consumption saw a abrupt decrease. The level of consumption peaked at $X in 2015; however, from 2016 to 2021, consumption failed to regain momentum.

Production of Snow-Skis And Other Snow-Ski Equipment, Ice-Skates And Roller-Skates in Eastern Asia

In value terms, production of snow-skis and other snow-ski equipment, ice-skates and roller-skates contracted modestly to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a pronounced decline. The most prominent rate of growth was recorded in 2017 with an increase of 2.9% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

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

Exports in Eastern Asia

In 2021, overseas shipments of snow-skis and other snow-ski equipment, ice-skates and roller-skates were finally on the rise to reach X tons after three years of decline. Total exports indicated a modest increase from 2012 to 2021: its volume increased at an average annual rate of +1.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of snow-skis and other snow-ski equipment, ice-skates and roller-skates surged to $X in 2021. Total exports indicated a temperate expansion from 2012 to 2021: its value increased at an average annual rate of +4.7% 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 +85.1% against 2018 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

China dominates roller-skates structure, resulting at X tons, which was approx. 96% of total exports in 2021. Taiwan (Chinese) (X tons) took a little share of total exports.

From 2012 to 2021, average annual rates of growth with regard to skis and its equipment and skates exports from China stood at +1.5%. At the same time, Taiwan (Chinese) (+6.3%) displayed positive paces of growth. Moreover, Taiwan (Chinese) emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of +6.3% from 2012-2021. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest skis and its equipment and skates supplier in Eastern Asia, comprising 92% of total exports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 6.8% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in China amounted to +4.7%.

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2021, stabilizing at the previous year. In general, the export price, however, showed a noticeable expansion. The most prominent rate of growth was recorded in 2014 an increase of 52% against the previous year. The level of export peaked at $X per ton in 2015; however, from 2016 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per ton), while China totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+5.8%).

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

Imports in Eastern Asia

In 2021, purchases abroad of snow-skis and other snow-ski equipment, ice-skates and roller-skates increased by 22% to X tons for the first time since 2017, thus ending a three-year declining trend. In general, imports, however, continue to indicate a pronounced decrease. The volume of import peaked at X tons in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, imports of snow-skis and other snow-ski equipment, ice-skates and roller-skates surged to $X in 2021. Over the period under review, imports, however, showed a noticeable curtailment. Over the period under review, imports of hit record highs at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

The purchases of the four major importers of snow-skis and other snow-ski equipment, ice-skates and roller-skates, namely Japan, China, South Korea and Hong Kong SAR, represented more than two-thirds of total import. It was distantly followed by Taiwan (Chinese) (X tons), generating a 7.2% share of total imports. Democratic People's Republic of Korea (X tons) held a little share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Democratic People's Republic of Korea (with a CAGR of +28.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest skis and its equipment and skates importing markets in Eastern Asia were Japan ($X), China ($X) and South Korea ($X), with a combined 80% share of total imports. These countries were followed by Hong Kong SAR, Taiwan (Chinese) and Democratic People's Republic of Korea, which together accounted for a further 20%.

Democratic People's Republic of Korea, with a CAGR of +13.5%, saw 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 more modest paces of growth.

Import Prices by Country

In 2021, the import price in Eastern Asia amounted to $X per ton, stabilizing at the previous year. Over the last nine-year period, it increased at an average annual rate of +1.1%. The most prominent rate of growth was recorded in 2018 when the import price increased by 13% against the previous year. Over the period under review, import prices attained the peak figure in 2021 and is likely to see steady growth in years to come.

Prices varied noticeably by country of destination: amid the top importers, 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 China (+10.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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