Russian Federation: Skates Market 2024

Skates Market Size in the Russian Federation

In 2021, the Russian skates market increased by 30% to $X, rising for the second consecutive year after three years of decline. In general, consumption, however, continues to indicate a mild reduction. As a result, consumption attained the peak level of $X. From 2017 to 2021, the growth of the market failed to regain momentum.

Skates Production in the Russian Federation

In value terms, skates production declined rapidly to $X in 2021 estimated in export price. Over the period under review, production saw a abrupt decline. The pace of growth appeared the most rapid in 2020 when the production volume increased by 150%. As a result, production attained the peak level of $X, and then reduced markedly in the following year.

Skates Exports

Exports from the Russian Federation

In 2021, the amount of ice skates and roller skates exported from Russia soared to X tons, increasing by 33% compared with the previous year's figure. In general, exports showed a strong increase. The growth pace was the most rapid in 2016 with an increase of 91% against the previous year. As a result, the exports reached the peak of X tons. From 2017 to 2021, the growth of the exports remained at a lower figure.

In value terms, skates exports skyrocketed to $X in 2021. Over the period under review, exports enjoyed a resilient expansion. The pace of growth was the most pronounced in 2016 when exports increased by 87%. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Kazakhstan (X tons) was the main destination for skates exports from Russia, accounting for a 66% share of total exports. Moreover, skates exports to Kazakhstan exceeded the volume sent to the second major destination, Belarus (X tons), twofold. Ukraine (X tons) ranked third in terms of total exports with a 2.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Kazakhstan stood at +9.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belarus (+7.4% per year) and Ukraine (+14.4% per year).

In value terms, Kazakhstan ($X) remains the key foreign market for ice skates and roller skates exports from Russia, comprising 73% of total exports. The second position in the ranking was taken by Belarus ($X), with a 21% share of total exports. It was followed by Ukraine, with a 2.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Kazakhstan amounted to +8.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belarus (+11.4% per year) and Ukraine (+6.7% per year).

Export Prices by Country

The average skates export price stood at $X per ton in 2021, with an increase of 23% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average export price increased by 47% against the previous year. The export price peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Kazakhstan ($X per ton), while the average price for exports to Armenia ($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 Belarus (+3.7%), while the prices for the other major destinations experienced a decline.

Skates Imports

Imports into the Russian Federation

In 2021, the amount of ice skates and roller skates imported into Russia surged to X tons, picking up by 65% on 2020. Overall, imports, however, continue to indicate a abrupt shrinkage. Over the period under review, imports reached the maximum at X tons in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

In value terms, skates imports skyrocketed to $X in 2021. In general, imports, however, continue to indicate a perceptible decline. Imports peaked at $X in 2016; however, from 2017 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) was the main skates supplier to Russia, accounting for a 92% share of total imports. It was followed by Belarus (X tons), with a 2.3% share of total imports. Vietnam (X tons) ranked third in terms of total imports with a 1.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to -5.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Belarus (+24.7% per year) and Vietnam (-6.6% per year).

In value terms, China ($X) constituted the largest supplier of ice skates and roller skates to Russia, comprising 82% of total imports. The second position in the ranking was taken by Thailand ($X), with a 7.1% share of total imports. It was followed by Vietnam, with a 3.7% share.

From 2012 to 2021, the average annual growth rate of value from China totaled -4.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+0.9% per year) and Vietnam (+11.1% per year).

Import Prices by Country

In 2021, the average skates import price amounted to $X per ton, remaining constant against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.1%. The pace of growth appeared the most rapid in 2020 an increase of 12%. Over the period under review, average import prices hit record highs in 2021 and is likely to see steady growth in years to come.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+18.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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