MENA: Skates Market 2024

Skates Market Size in MENA

In 2021, after three years of decline, there was significant growth in the MENA's skates market, when its value increased by 129% to $X. Over the period under review, consumption recorded strong growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Skates Production in MENA

In value terms, skates production skyrocketed to $X in 2021 estimated in export price. In general, production continues to indicate a remarkable increase. The most prominent rate of growth was recorded in 2013 with an increase of 147% against the previous year. The level of production peaked at $X in 2017; however, from 2018 to 2021, production remained at a lower figure.

Skates Exports

Exports in MENA

In 2021, skates exports in MENA skyrocketed to X tons, with an increase of 245% compared with 2020 figures. In general, exports posted significant growth. The most prominent rate of growth was recorded in 2015 when exports increased by 312%. The volume of export peaked in 2021 and is expected to retain growth in years to come.

In value terms, skates exports soared to $X in 2021. Over the period under review, exports saw a remarkable increase. The pace of growth was the most pronounced in 2015 with an increase of 199%. The level of export peaked in 2021 and is expected to retain growth in years to come.

Exports by Country

In 2021, the United Arab Emirates (X tons) represented the key exporter of ice skates and roller skates, mixing up 58% of total exports. It was distantly followed by Turkey (X tons), constituting a 35% share of total exports. Iran (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Turkey (with a CAGR of +30.5%), while the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), Turkey ($X) and Iran ($X) were the countries with the highest levels of exports in 2021, with a combined 94% share of total exports.

Among the main exporting countries, Turkey, with a CAGR of +31.8%, recorded the highest rates of growth with regard to 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

In 2021, the export price in MENA amounted to $X per ton, with a decrease of -39.4% against the previous year. In general, the export price showed a abrupt descent. The pace of growth was the most pronounced in 2017 when the export price increased by 42% against the previous year. Over the period under review, the export prices attained the maximum at $X per ton in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2021, the country with the highest price was Iran ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Iran (+5.3%), while the other leaders experienced mixed trends in the export price figures.

Skates Imports

Imports in MENA

In 2021, purchases abroad of ice skates and roller skates was finally on the rise to reach X tons for the first time since 2017, thus ending a three-year declining trend. Overall, imports posted moderate growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, skates imports soared to $X in 2021. In general, imports showed a buoyant expansion. The level of import peaked at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Saudi Arabia (X tons), Turkey (X tons) and the United Arab Emirates (X tons) was the major importer of ice skates and roller skates in MENA, comprising 72% of total import. It was distantly followed by Algeria (X tons), making up a 6.8% share of total imports. Israel (X tons), Iran (X tons), Kuwait (X tons), Qatar (X tons), Morocco (X tons), Iraq (X tons) and Libya (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Algeria (with a CAGR of +23.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest skates importing markets in MENA were the United Arab Emirates ($X), Turkey ($X) and Saudi Arabia ($X), together comprising 65% of total imports. These countries were followed by Israel, Algeria, Iran, Morocco, Kuwait, Qatar, Iraq and Libya, which together accounted for a further 30%.

Algeria, with a CAGR of +39.2%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in MENA amounted to $X per ton, growing by 10% against the previous year. Import price indicated a perceptible expansion from 2012 to 2021: its price increased at an average annual rate of +3.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, skates import price increased by +22.3% against 2017 indices. The growth pace was the most rapid in 2013 when the import price increased by 55% against the previous year. Over the period under review, import prices reached the maximum at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Israel ($X per ton), while Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Algeria (+12.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform