Hong Kong SAR, China: Skates Market 2024

Skates Market Size in Hong Kong SAR, China

The Hong Kong skates market shrank dramatically to $X in 2021, with a decrease of -19.2% against the previous year. Overall, consumption, however, posted perceptible growth. Skates consumption peaked at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Skates Production in Hong Kong SAR, China

In value terms, skates production dropped dramatically to $X in 2021 estimated in export price. Overall, production showed a abrupt curtailment. The pace of growth appeared the most rapid in 2016 with an increase of 381%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Skates Exports

Exports from Hong Kong SAR, China

In 2021, approx. X tons of ice skates and roller skates were exported from Hong Kong SAR; with a decrease of -3.8% against 2020 figures. Over the period under review, exports faced a significant curtailment. The pace of growth appeared the most rapid in 2014 when exports increased by 71%. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, skates exports expanded rapidly to $X in 2021. In general, exports faced a dramatic descent. The pace of growth was the most pronounced in 2014 with an increase of 62% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Canada (X tons), China (X tons) and Vietnam (X tons) were the main destinations of skates exports from Hong Kong SAR, with a combined 81% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Vietnam (with a CAGR of +16.7%), while shipments for the other leaders experienced a decline.

In value terms, Canada ($X), China ($X) and Vietnam ($X) appeared to be the largest markets for skates exported from Hong Kong SAR worldwide, together accounting for 81% of total exports.

Vietnam, with a CAGR of +20.9%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average skates export price stood at $X per ton in 2021, jumping by 18% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.5%. The pace of growth was the most pronounced in 2018 an increase of 28%. As a result, the export price attained the peak level of $X per ton. From 2019 to 2021, the average export prices failed to regain momentum.

Average prices varied noticeably for the major foreign markets. In 2021, the countries with the highest prices were Germany ($X per ton) and France ($X per ton), while the average price for exports to Australia ($X per ton) and Canada ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+3.8%), while the prices for the other major destinations experienced more modest paces of growth.

Skates Imports

Imports into Hong Kong SAR, China

Skates imports into Hong Kong SAR dropped to X tons in 2021, declining by -6.7% compared with the previous year's figure. Over the period under review, imports faced a abrupt contraction. The most prominent rate of growth was recorded in 2014 when imports increased by 63%. As a result, imports reached the peak of X tons. From 2015 to 2021, the growth of imports failed to regain momentum.

In value terms, skates imports rose sharply to $X in 2021. Overall, imports showed a abrupt curtailment. The most prominent rate of growth was recorded in 2014 when imports increased by 72% against the previous year. 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

In 2021, China (X tons) constituted the largest supplier of skates to Hong Kong SAR, accounting for a 76% share of total imports. Moreover, skates imports from China exceeded the figures recorded by the second-largest supplier, Italy (X tons), sixfold. The UK (X tons) ranked third in terms of total imports with a 2.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to -16.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+2.8% per year) and the UK (+0.9% per year).

In value terms, China ($X) constituted the largest supplier of ice skates and roller skates to Hong Kong SAR, comprising 76% of total imports. The second position in the ranking was held by Italy ($X), with a 13% share of total imports. It was followed by the UK, with a 2.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at -15.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+4.2% per year) and the UK (+2.3% per year).

Import Prices by Country

The average skates import price stood at $X per ton in 2021, surging by 13% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.4%. Over the period under review, average import prices hit record highs at $X per ton in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, the highest price was recorded for prices from Thailand ($X per ton) and Taiwan (Chinese) ($X per ton), while the price for China ($X per ton) and Italy ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+1.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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