Hong Kong SAR, China: Ski Footwear Market 2021

Ski Footwear Market Size in Hong Kong SAR, China

In 2020, the Hong Kong ski footwear market decreased by -X% to $X for the first time since 2016, thus ending a three-year rising trend. Overall, consumption faced a drastic downturn. The growth pace was the most rapid in 2010 when the market value increased by X% year-to-year. Ski footwear consumption peaked at $X in 2011; however, from 2012 to 2020, consumption failed to regain the momentum.

Ski Footwear Production in Hong Kong SAR, China

In value terms, ski footwear production dropped markedly to $X in 2020 estimated in export prices. Over the period under review, production, however, continues to indicate a buoyant expansion. The pace of growth appeared the most rapid in 2017 with an increase of X% year-to-year. As a result, production attained the peak level of $X. from 2018 to 2020, production growth failed to regain the momentum.

Ski Footwear Exports

Exports from Hong Kong SAR, China

In 2020, ski footwear exports from Hong Kong SAR fell significantly to X pairs, waning by -X% on the previous year. In general, exports showed a pronounced decrease. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. Exports peaked at X pairs in 2007; however, from 2008 to 2020, exports stood at a somewhat lower figure.

In value terms, ski footwear exports dropped rapidly to $X in 2020. Over the period under review, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2011 when exports increased by X% y-o-y. Over the period under review, exports attained the peak figure at $X in 2019, and then reduced notably in the following year.

Exports by Country

The U.S. (X pairs) was the main destination for ski footwear exports from Hong Kong SAR, accounting for a X% share of total exports. Moreover, ski footwear exports to the U.S. exceeded the volume sent to the second major destination, Germany (X pairs), twofold. Japan (X pairs) ranked third in terms of total exports with a X% share.

From 2007 to 2020, the average annual growth rate of volume to the U.S. stood at -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+X% per year) and Japan (-X% per year).

In value terms, the largest markets for ski footwear exported from Hong Kong SAR were the U.S. ($X), Germany ($X) and Japan ($X), together comprising X% of total exports. These countries were followed by Canada, China, Austria and Russia, which together accounted for a further X terms of the main countries of destination, China recorded 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 average ski footwear export price stood at $X per pair in 2020, with an increase of X% against the previous year. In general, export price indicated a buoyant increase from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, ski footwear export price increased by +X% against 2017 indices. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. As a result, export price reached the peak level of $X per pair. from 2014 to 2020, the growth in terms of the average export prices remained at a somewhat lower figure.

Average prices varied somewhat for the major foreign markets. In 2020, the countries with the highest prices were Germany ($X per pair) and Austria ($X per pair), while the average price for exports to the U.S. ($X per pair) and Japan ($X per pair) were amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Japan, while the prices for the other major destinations experienced more modest paces of growth.

Ski Footwear Imports

Imports into Hong Kong SAR, China

In 2020, after two years of growth, there was significant decline in overseas purchases of ski-boots, snowboard boots and cross-country ski footwear, when their volume decreased by -X% to X pairs. Over the period under review, imports continue to indicate a drastic downturn. The pace of growth was the most pronounced in 2010 with an increase of X% year-to-year. Over the period under review, imports reached the peak figure at X pairs in 2011; however, from 2012 to 2020, imports stood at a somewhat lower figure.

In value terms, ski footwear imports reduced sharply to $X in 2020. Overall, imports continue to indicate a deep reduction. The pace of growth was the most pronounced in 2010 with an increase of X% y-o-y. Over the period under review, imports hit record highs at $X in 2011; however, from 2012 to 2020, imports failed to regain the momentum.

Imports by Country

In 2020, China (X pairs) was the main supplier of ski footwear to Hong Kong SAR, with a approx. X% share of total imports.

From 2007 to 2020, the average annual rate of growth in terms of volume from China stood at -X%.

In value terms, China ($X) constituted the largest supplier of ski footwear to Hong Kong SAR.

From 2007 to 2020, the average annual growth rate of value from China amounted to -X%.

Import Prices by Country

In 2020, the average ski footwear import price amounted to $X per pair, rising by X% against the previous year. Overall, the import price posted a strong increase. The pace of growth appeared the most rapid in 2014 an increase of X% year-to-year. Over the period under review, average import prices hit record highs in 2020 and is likely to see steady growth in the near future.

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

From 2007 to 2020, the rate of growth in terms of prices for China amounted to +X% per year.

Source: IndexBox Platform

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