Latvia: Ski Footwear Market 2020

Ski Footwear Market Size in Latvia

The revenue of the ski footwear market in Latvia amounted to $X in 2018, jumping by X% against the previous year. Overall, the total market indicated a mild increase from 2007 to 2018: its value decreased at an average annual rate of -X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2011 with an increase of X% year-to-year. Latvia ski footwear consumption peaked at $X in 2013; however, from 2014 to 2018, consumption remained at a lower figure.

Ski Footwear Production in Latvia

In value terms, ski footwear production totaled $X in 2018 estimated in export prices. Over the period under review, ski footwear production continues to indicate a remarkable expansion. The growth pace was the most rapid in 2010 with an increase of X% y-o-y. Latvia ski footwear production peaked at $X in 2013; however, from 2014 to 2018, production stood at a somewhat lower figure.

Ski Footwear Exports

Exports from Latvia

In 2018, the exports of ski-boots, snowboard boots and cross-country ski footwear from Latvia stood at X pairs, going up by X% against the previous year. Over the period under review, ski footwear exports continue to indicate prominent growth. The most prominent rate of growth was recorded in 2010 when exports increased by X% y-o-y. Over the period under review, ski footwear exports reached their maximum at X pairs in 2015; however, from 2016 to 2018, exports failed to regain their momentum.

In value terms, ski footwear exports stood at $X in 2018. In general, ski footwear exports continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2010 when exports increased by X% year-to-year. Over the period under review, ski footwear exports attained their peak figure at $X in 2015; however, from 2016 to 2018, exports stood at a somewhat lower figure.

Exports by Country

The exports of the four major exporters of ski-boots, snowboard boots and cross-country ski footwear, namely Austria, Romania, Italy and China, represented more than half of total export. China, Hong Kong SAR (X pairs) took the next position in the ranking, followed by France (X pairs), the Czech Republic (X pairs) and the U.S. (X pairs). All these countries together held approx. X% share of total exports.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by the U.S., while the other leaders experienced more modest paces of growth.

In value terms, the largest ski footwear markets from Latvia were Italy ($X), Romania ($X) and Austria ($X), with a combined X% share of total exports. France, China, Hong Kong SAR, the Czech Republic, China, the U.S. and Latvia lagged somewhat behind, together accounting for a further X terms of the main exporting countries, the U.S. recorded the highest rates of growth with regard to exports, over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the ski footwear export price in Latvia amounted to $X per pair, shrinking by -X% against the previous year. Overall, the ski footwear export price continues to indicate a drastic decrease. The growth pace was the most rapid in 2017 when the export price increased by X% y-o-y. Over the period under review, the export prices for ski-boots, snowboard boots and cross-country ski footwear reached their maximum at $X per pair in 2009; however, from 2010 to 2018, export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Italy ($X per pair), while the U.S. ($X per pair) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by China, Hong Kong SAR, while the other leaders experienced more modest paces of growth.

Ski Footwear Imports

Imports into Latvia

In 2018, the imports of ski-boots, snowboard boots and cross-country ski footwear into Latvia totaled X pairs, dropping by -X% against the previous year. Overall, ski footwear imports continue to indicate a drastic shrinkage. The pace of growth was the most pronounced in 2013 when imports increased by X% y-o-y. Latvia imports peaked at X pairs in 2007; however, from 2008 to 2018, imports failed to regain their momentum.

In value terms, ski footwear imports amounted to $X in 2018. Over the period under review, ski footwear imports continue to indicate a deep setback. The pace of growth was the most pronounced in 2013 when imports increased by X% against the previous year. Over the period under review, ski footwear imports reached their peak figure at $X in 2007; however, from 2008 to 2018, imports remained at a lower figure.

Imports by Country

The countries with the highest levels of ski footwear imports in 2018 were Austria (X pairs), the United Arab Emirates (X pairs), the U.S. (X pairs), Germany (X pairs), France (X pairs) and Italy (X pairs), together amounting to X% of total import. Switzerland (X pairs), Canada (X pairs), Norway (X pairs), Russia (X pairs), China, Hong Kong SAR (X pairs) and the UK (X pairs) occupied a minor share of total imports.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by the United Arab Emirates, while the other leaders experienced more modest paces of growth.

In value terms, the largest ski footwear importing markets into Latvia were Austria ($X), the U.S. ($X) and France ($X), with a combined X% share of total imports.

Austria experienced the highest rates of growth with regard to imports, among the main importing countries over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the ski footwear import price in Latvia amounted to $X per pair, jumping by X% against the previous year. Over the period under review, the import price indicated a notable increase from 2007 to 2018: its price increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2010 an increase of X% y-o-y. Over the period under review, the import prices for ski-boots, snowboard boots and cross-country ski footwear attained their peak figure at $X per pair in 2013; however, from 2014 to 2018, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was France ($X per pair), while the United Arab Emirates ($X per pair) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by China, Hong Kong SAR, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform