Malaysia: Skis Market 2024

Skis Market Size in Malaysia

The Malaysian skis market soared to $X in 2021, picking up by 23% against the previous year. Over the period under review, consumption, however, saw a perceptible contraction. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Skis Production in Malaysia

In value terms, skis production skyrocketed to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a perceptible setback. The growth pace was the most rapid in 2018 when the production volume increased by 52% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Skis Exports

Exports from Malaysia

In 2021, approx. X kg of skis for winter sports were exported from Malaysia; waning by -8.1% on 2020 figures. Over the period under review, exports recorded a dramatic descent. The growth pace was the most rapid in 2018 when exports increased by 365%. Over the period under review, the exports attained the peak figure at X kg in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, skis exports shrank slightly to $X in 2021. In general, exports saw a significant curtailment. The growth pace was the most rapid in 2018 with an increase of 594%. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

India (X kg) was the main destination for skis exports from Malaysia, with a 40% share of total exports. Moreover, skis exports to India exceeded the volume sent to the second major destination, Iceland (X kg), threefold. The UK (X kg) ranked third in terms of total exports with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to India amounted to +43.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iceland (+112.1% per year) and the UK (-16.8% per year).

In value terms, the largest markets for skis exported from Malaysia were the UK ($X), India ($X) and Iceland ($X), together accounting for 86% of total exports.

India, with a CAGR of +88.8%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average skis export price stood at $X per ton in 2021, surging by 6.4% against the previous year. Overall, the export price, however, recorded a slight descent. The most prominent rate of growth was recorded in 2018 an increase of 50% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was the UK ($X per ton), while the average price for exports to Chile ($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 India (+32.0%), while the prices for the other major destinations experienced mixed trend patterns.

Skis Imports

Imports into Malaysia

In 2021, supplies from abroad of skis for winter sports increased by 5% to X kg, rising for the second consecutive year after two years of decline. Over the period under review, imports, however, faced a abrupt contraction. The pace of growth appeared the most rapid in 2015 when imports increased by 884% against the previous year. Over the period under review, imports hit record highs at X tons in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, skis imports rose significantly to $X in 2021. Overall, imports, however, saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2017 when imports increased by 1,106%. As a result, imports attained the peak of $X. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, China (X kg) constituted the largest supplier of skis to Malaysia, accounting for a 50% share of total imports. Moreover, skis imports from China exceeded the figures recorded by the second-largest supplier, Switzerland (X kg), twofold. The United States (X kg) ranked third in terms of total imports with a 7.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +21.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Switzerland (+24.8% per year) and the United States (-3.5% per year).

In value terms, China ($X) constituted the largest supplier of skis for winter sports to Malaysia, comprising 46% of total imports. The second position in the ranking was taken by Switzerland ($X), with a 16% share of total imports. It was followed by Thailand, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +20.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Switzerland (+7.4% per year) and Thailand (-13.8% per year).

Import Prices by Country

The average skis import price stood at $X per ton in 2021, increasing by 3.6% against the previous year. Overall, import price indicated perceptible growth from 2012 to 2021: its price increased at an average annual rate of +3.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, skis import price increased by +23.7% against 2019 indices. The most prominent rate of growth was recorded in 2017 an increase of 71% against the previous year. The import price peaked in 2021 and is expected to retain growth in years to come.

Prices varied noticeably country of origin: the country with the highest price was the Netherlands ($X per ton), while the price for Switzerland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+21.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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