Hong Kong SAR, China: 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 Hong Kong SAR, China

In 2021, the Hong Kong market for snow-skis and other snow-ski equipment, ice-skates and roller-skates was finally on the rise to reach $X after six years of decline. Over the period under review, consumption saw a deep setback. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Production of Snow-Skis And Other Snow-Ski Equipment, Ice-Skates And Roller-Skates in Hong Kong SAR, China

In value terms, production of snow-skis and other snow-ski equipment, ice-skates and roller-skates shrank sharply to $X in 2021 estimated in export price. In general, production showed a deep reduction. The most prominent rate of growth was recorded in 2020 when the production volume increased by 44% against the previous year. Over the period under review, production of hit record highs 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 from Hong Kong SAR, China

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 for the first time since 2014, thus ending a six-year declining trend. Overall, exports, however, recorded a abrupt decline. The exports peaked at X tons in 2012; however, from 2013 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. In general, exports, however, saw a abrupt decline. Over the period under review, the exports of reached the peak figure at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

The United States (X tons), China (X tons) and Canada (X tons) were the main destinations of exports of snow-skis and other snow-ski equipment, ice-skates and roller-skates from Hong Kong SAR, together accounting for 72% of total exports. Japan, Austria, France, Australia, Germany and Russia lagged somewhat behind, together comprising a further 24%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Austria (with a CAGR of +4.2%), while the other leaders experienced a decline.

In value terms, China ($X), the United States ($X) and Canada ($X) constituted the largest markets for skis and its equipment and skates exported from Hong Kong SAR worldwide, with a combined 72% share of total exports. Japan, Austria, France, Australia, Germany and Russia lagged somewhat behind, together accounting for a further 21%.

In terms of the main countries of destination, Austria, with a CAGR of +0.5%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2021, the average export price for snow-skis and other snow-ski equipment, ice-skates and roller-skates amounted to $X per ton, increasing by 21% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.0%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to Japan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to France (+10.0%), while the prices for the other major destinations experienced more modest paces of growth.

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

Imports into Hong Kong SAR, China

Imports of snow-skis and other snow-ski equipment, ice-skates and roller-skates into Hong Kong SAR surged to X tons in 2021, picking up by 42% on the previous year. Overall, imports, however, saw a abrupt setback. Over the period under review, imports of attained the maximum 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 skyrocketed to $X in 2021. Over the period under review, imports, however, saw a abrupt shrinkage. 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

In 2021, China (X tons) constituted the largest skis and its equipment and skates supplier to Hong Kong SAR, with a 78% share of total imports. Moreover, imports of snow-skis and other snow-ski equipment, ice-skates and roller-skates from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), eightfold. Austria (X tons) ranked third in terms of total imports with a 3.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to -8.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-2.1% per year) and Austria (+8.6% per year).

In value terms, China ($X) constituted the largest supplier of snow-skis and other snow-ski equipment, ice-skates and roller-skates to Hong Kong SAR, comprising 77% of total imports. The second position in the ranking was held by Austria ($X), with a 5.2% share of total imports. It was followed by Taiwan (Chinese), with a 4.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled -8.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (+10.0% per year) and Taiwan (Chinese) (-8.7% per year).

Import Prices by Country

The average import price for snow-skis and other snow-ski equipment, ice-skates and roller-skates stood at $X per ton in 2021, surging by 20% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+9.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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