GCC: 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 GCC

After four years of decline, the GCC market for snow-skis and other snow-ski equipment, ice-skates and roller-skates increased by 58% to $X in 2021. The total consumption indicated a temperate expansion from 2012 to 2021: its value increased at an average annual rate of +3.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2016; however, from 2017 to 2021, consumption failed to regain momentum.

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

In value terms, production of snow-skis and other snow-ski equipment, ice-skates and roller-skates amounted to $X in 2021 estimated in export price. Over the period under review, production posted significant growth. The pace of growth was the most pronounced in 2016 when the production volume increased by 91%. The level of production peaked at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

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

Exports in GCC

In 2021, exports of snow-skis and other snow-ski equipment, ice-skates and roller-skates in GCC rose rapidly to X tons, picking up by 9.3% against the previous year. In general, exports posted a strong increase. The most prominent rate of growth was recorded in 2017 when exports increased by 69% against the previous year. The volume of export peaked at X tons in 2019; however, from 2020 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. Over the period under review, exports continue to indicate a significant expansion. The growth pace was the most rapid in 2013 when exports increased by 273%. The level of export peaked in 2021 and is expected to retain growth in the immediate term.

Exports by Country

The United Arab Emirates dominates roller-skates structure, amounting to X tons, which was approx. 95% of total exports in 2021. The following exporters - Kuwait (X tons) and Saudi Arabia (X tons) - together made up 4.9% of total exports.

Exports from the United Arab Emirates increased at an average annual rate of +27.0% from 2012 to 2021. At the same time, Kuwait (+32.9%) displayed positive paces of growth. Moreover, Kuwait emerged as the fastest-growing exporter exported in GCC, with a CAGR of +32.9% from 2012-2021. By contrast, Saudi Arabia (-15.1%) illustrated a downward trend over the same period. While the share of the United Arab Emirates (+42 p.p.) and Kuwait (+1.7 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Saudi Arabia (-42.3 p.p.) displayed negative dynamics.

In value terms, the United Arab Emirates ($X) remains the largest skis and its equipment and skates supplier in GCC, comprising 98% of total exports. The second position in the ranking was held by Saudi Arabia ($X), with a 1.3% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in the United Arab Emirates totaled +56.6%. In the other countries, the average annual rates were as follows: Saudi Arabia (-4.4% per year) and Kuwait (+16.7% per year).

Export Prices by Country

The export price in GCC stood at $X per ton in 2021, with an increase of 8.6% against the previous year. Overall, the export price saw a significant increase. The most prominent rate of growth was recorded in 2013 an increase of 156%. The level of export peaked in 2021 and is expected to retain growth in the near future.

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 the United Arab Emirates ($X per ton), while Kuwait ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+23.4%), while the other leaders experienced mixed trends in the export price figures.

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

Imports in GCC

After eight years of decline, supplies from abroad of snow-skis and other snow-ski equipment, ice-skates and roller-skates increased by 310% to X tons in 2021. Overall, imports, however, recorded a abrupt contraction. 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 soared to $X in 2021. In general, imports, however, showed a deep contraction. Over the period under review, imports of reached the peak figure at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

Saudi Arabia (X tons) and the United Arab Emirates (X tons) dominates roller-skates structure, together comprising 84% of total imports. It was distantly followed by Kuwait (X tons), mixing up a 7.2% share of total imports. Qatar (X tons), Oman (X tons) and Bahrain (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 Kuwait (with a CAGR of +9.1%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, the largest skis and its equipment and skates importing markets in GCC were the United Arab Emirates ($X), Saudi Arabia ($X) and Kuwait ($X), together comprising 91% of total imports.

Kuwait, with a CAGR of +8.3%, saw the highest growth rate of the value of imports, among 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

The import price in GCC stood at $X per ton in 2021, which is down by -17.3% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the import price increased by 51% against the previous year. The level of import peaked at $X per ton in 2020, and then dropped notably in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the United Arab Emirates ($X per ton), while Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+7.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform