India: Knitted Ski-Suit Market 2024

Knitted Ski-Suit Market Size in India

In 2022, the Indian knitted ski-suit market was finally on the rise to reach $X for the first time since 2019, thus ending a two-year declining trend. In general, consumption enjoyed a resilient expansion. Knitted ski-suit consumption peaked at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Knitted Ski-Suit Production in India

In value terms, knitted ski-suit production totaled $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.6% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2019 when the production volume increased by 6.8% against the previous year. Knitted ski-suit production peaked at $X in 2020; afterwards, it flattened through to 2022.

Knitted Ski-Suit Exports

Exports from India

In 2022, approx. X units of ski-suits of knitted or crocheted textiles were exported from India; reducing by -37.8% against 2021 figures. Overall, exports continue to indicate a abrupt descent. The growth pace was the most rapid in 2018 with an increase of 289%. The exports peaked at X units in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, knitted ski-suit exports shrank sharply to $X in 2022. Over the period under review, exports showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 when exports increased by 236%. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Afghanistan (X units) was the main destination for knitted ski-suit exports from India, accounting for a 49% share of total exports. Moreover, knitted ski-suit exports to Afghanistan exceeded the volume sent to the second major destination, Kuwait (X units), threefold. Italy (X units) ranked third in terms of total exports with an 11% share.

From 2012 to 2022, the average annual growth rate of volume to Afghanistan stood at +49.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kuwait (+12.4% per year) and Italy (-16.3% per year).

In value terms, Afghanistan ($X) emerged as the key foreign market for ski-suits of knitted or crocheted textiles exports from India, comprising 51% of total exports. The second position in the ranking was held by the United States ($X), with an 8.1% share of total exports. It was followed by Germany, with a 6% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Afghanistan amounted to +63.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+9.4% per year) and Germany (+17.1% per year).

Export Prices by Country

The average knitted ski-suit export price stood at $X per unit in 2022, dropping by -36.2% against the previous year. Overall, the export price, however, recorded a noticeable expansion. The pace of growth was the most pronounced in 2019 an increase of 111% against the previous year. The export price peaked at $X per unit in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Kuwait ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (+20.3%), while the prices for the other major destinations experienced more modest paces of growth.

Knitted Ski-Suit Imports

Imports into India

In 2022, after two years of decline, there was significant growth in overseas purchases of ski-suits of knitted or crocheted textiles, when their volume increased by 419% to X units. Over the period under review, imports posted mild growth. The pace of growth was the most pronounced in 2016 when imports increased by 790%. As a result, imports reached the peak of X units. From 2017 to 2022, the growth of imports failed to regain momentum.

In value terms, knitted ski-suit imports soared to $X in 2022. Overall, imports posted a slight expansion. The most prominent rate of growth was recorded in 2016 with an increase of 675%. As a result, imports attained the peak of $X. From 2017 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, China (X units) was the main knitted ski-suit supplier to India, accounting for a 94% share of total imports. It was followed by Hong Kong SAR (X units), with a 2.5% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +1.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Hong Kong SAR (+24.5% per year) and France (+0.1% per year).

In value terms, China ($X) constituted the largest supplier of ski-suits of knitted or crocheted textiles to India, comprising 70% of total imports. The second position in the ranking was taken by France ($X), with an 8.8% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China stood at -1.1%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+7.6% per year) and Hong Kong SAR (+26.7% per year).

Import Prices by Country

The average knitted ski-suit import price stood at $X per unit in 2022, reducing by -76.1% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by 345% against the previous year. As a result, import price reached the peak level of $X per unit, and then dropped remarkably in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+7.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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