ECOWAS: 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 ECOWAS

The ECOWAS market for snow-skis and other snow-ski equipment, ice-skates and roller-skates totaled $X in 2021, with an increase of 2.1% against the previous year. Overall, consumption, however, showed a deep contraction. 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.

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

In value terms, production of snow-skis and other snow-ski equipment, ice-skates and roller-skates reached $X in 2021 estimated in export price. Overall, production, however, saw a abrupt decrease. The most prominent rate of growth was recorded in 2019 with an increase of 37% against the previous year. The level of production peaked at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

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

Exports in ECOWAS

In 2021, shipments abroad of snow-skis and other snow-ski equipment, ice-skates and roller-skates increased by 65% to X tons for the first time since 2018, thus ending a two-year declining trend. Overall, exports saw a resilient expansion. The growth pace was the most rapid in 2018 with an increase of 173%. As a result, the exports attained the peak of X tons. From 2019 to 2021, the growth of the exports of remained 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. In general, exports saw a prominent expansion. The most prominent rate of growth was recorded in 2013 with an increase of 153%. Over the period under review, the exports of reached the peak figure in 2021 and are likely to see gradual growth in the near future.

Exports by Country

Senegal represented the largest exporter of snow-skis and other snow-ski equipment, ice-skates and roller-skates in ECOWAS, with the volume of exports reaching X tons, which was approx. 45% of total exports in 2021. Sierra Leone (X kg) held the second position in the ranking, distantly followed by Cote d'Ivoire (X kg) and Nigeria (X kg). All these countries together held approx. 47% share of total exports. Burkina Faso (X kg) and Liberia (X kg) held a minor share of total exports.

From 2012 to 2021, the biggest increases were recorded for Senegal (with a CAGR of +79.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Senegal ($X), Sierra Leone ($X) and Cote d'Ivoire ($X) constituted the countries with the highest levels of exports in 2021, with a combined 88% share of total exports.

Among the main exporting countries, Senegal, with a CAGR of +124.3%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in ECOWAS stood at $X per ton in 2021, approximately equating the previous year. Export price indicated a modest increase from 2012 to 2021: its price increased at an average annual rate of +1.1% over the last nine years. 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 increased by +120.3% against 2018 indices. The growth pace was the most rapid in 2019 an increase of 105%. The level of export peaked at $X per ton in 2017; however, from 2018 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Nigeria ($X per ton), while Liberia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Senegal (+24.8%), while the other leaders experienced more modest paces of growth.

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

Imports in ECOWAS

In 2021, approx. X tons of snow-skis and other snow-ski equipment, ice-skates and roller-skates were imported in ECOWAS; with an increase of 83% on 2020. In general, imports, however, showed a deep setback. The volume of import peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, imports of snow-skis and other snow-ski equipment, ice-skates and roller-skates surged to $X in 2021. Overall, imports, however, saw a sharp decline. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Senegal (X tons) was the main importer of snow-skis and other snow-ski equipment, ice-skates and roller-skates, generating 52% of total imports. Cote d'Ivoire (X tons) ranks second in terms of the total imports with a 14% share, followed by Ghana (12%) and Nigeria (9.4%). Benin (X tons), Togo (X tons) and Mali (X tons) held a minor share of total imports.

Senegal was also the fastest-growing in terms of the snow-skis and other snow-ski equipment, ice-skates and roller-skates imports, with a CAGR of +34.0% from 2012 to 2021. At the same time, Cote d'Ivoire (+16.5%), Nigeria (+15.1%), Mali (+7.0%) and Ghana (+5.2%) displayed positive paces of growth. By contrast, Benin (-26.9%) and Togo (-46.0%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Senegal, Cote d'Ivoire, Ghana, Nigeria and Mali increased by +52, +13, +11, +9 and +1.5 percentage points, respectively.

In value terms, the largest skis and its equipment and skates importing markets in ECOWAS were Senegal ($X), Nigeria ($X) and Cote d'Ivoire ($X), with a combined 70% share of total imports.

Senegal, with a CAGR of +32.5%, 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 ECOWAS amounted to $X per ton, shrinking by -30.6% against the previous year. Over the period under review, the import price continues to indicate a abrupt shrinkage. The growth pace was the most rapid in 2013 an increase of 29%. As a result, import price attained the peak level of $X per ton. From 2014 to 2021, the import prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Mali ($X per ton), while Ghana ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mali (+5.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform