Pakistan: Skis Market 2024

Skis Market Size in Pakistan

The Pakistani skis market rose sharply to $X in 2021, increasing by 8.9% against the previous year. In general, consumption, however, saw a mild decrease. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market remained at a lower figure.

Skis Production in Pakistan

In value terms, skis production expanded remarkably to $X in 2021 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the production volume increased by 25% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2021, production growth failed to regain momentum.

Skis Exports

Exports from Pakistan

In 2021, overseas shipments of skis for winter sports increased by 230% to X tons, rising for the fifth consecutive year after three years of decline. In general, exports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when exports increased by 231% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, skis exports skyrocketed to $X in 2021. Over the period under review, exports posted a buoyant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Denmark (X tons) was the main destination for skis exports from Pakistan, with a 51% share of total exports. Moreover, skis exports to Denmark exceeded the volume sent to the second major destination, the United States (X kg), fivefold. Saudi Arabia (X kg) ranked third in terms of total exports with a 9.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Denmark amounted to +39.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+13.0% per year) and Saudi Arabia (0.0% per year).

In value terms, Denmark ($X) remains the key foreign market for skis for winter sports exports from Pakistan, comprising 63% of total exports. The second position in the ranking was taken by the United States ($X), with an 11% share of total exports. It was followed by Finland, with a 4.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Denmark amounted to +71.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+21.6% per year) and Finland (0.0% per year).

Export Prices by Country

The average skis export price stood at $X per ton in 2021, growing by 20% against the previous year. In general, the export price continues to indicate a buoyant expansion. The growth pace was the most rapid in 2016 when the average export price increased by 62% against the previous year. The export price peaked in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Italy ($X per ton), while the average price for exports to Saudi Arabia ($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 Denmark (+23.4%), while the prices for the other major destinations experienced more modest paces of growth.

Skis Imports

Imports into Pakistan

In 2021, supplies from abroad of skis for winter sports increased by 33% to X kg for the first time since 2018, thus ending a two-year declining trend. Overall, imports, however, showed a sharp downturn. The pace of growth was the most pronounced in 2013 when imports increased by 60% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, skis imports reduced dramatically to $X in 2021. In general, imports, however, recorded a sharp decline. The smallest decline of -10% was in 2013. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

The UK (X kg) and China (X kg) were the main suppliers of skis imports to Pakistan. Moreover, skis imports in the UK exceeded the figures recorded by the second-largest supplier, China, twofold.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of 0.0%).

In value terms, the UK ($X) constituted the largest supplier of skis for winter sports to Pakistan, comprising 53% of total imports. The second position in the ranking was taken by China ($X), with a 24% share of total imports.

From 2012 to 2021, the average annual growth rate of value from the UK totaled -30.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+0.8% per year) and Austria (-40.8% per year).

Import Prices by Country

In 2021, the average skis import price amounted to $X per ton, which is down by -20.7% against the previous year. Over the period under review, the import price, however, enjoyed buoyant growth. The growth pace was the most rapid in 2020 when the average import price increased by 485% against the previous year. As a result, import price attained the peak level of $X per ton, and then reduced rapidly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Austria ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+74.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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