Singapore: Ski Footwear Market 2021

Ski Footwear Market Size in Singapore

In 2020, the Singaporean ski footwear market increased by X% to $X, rising for the second consecutive year after two years of decline. In general, the total consumption indicated a moderate expansion from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, consumption increased by +X% against 2018 indices. The pace of growth was the most pronounced in 2010 when the market value increased by X% against the previous year. Ski footwear consumption peaked at $X in 2016; however, from 2017 to 2020, consumption remained at a lower figure.

Ski Footwear Production in Singapore

In value terms, ski footwear production rose to $X in 2020 estimated in export prices. Overall, the total production indicated a notable expansion from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen 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 with an increase of X% year-to-year. Over the period under review, production reached the peak level at $X in 2016; however, from 2017 to 2020, production remained at a lower figure.

Ski Footwear Exports

Exports from Singapore

In 2020, the amount of ski-boots, snowboard boots and cross-country ski footwear exported from Singapore fell sharply to X pairs, dropping by -X% compared with the year before. Over the period under review, exports saw a sharp shrinkage. The pace of growth was the most pronounced in 2013 with an increase of X% year-to-year. Exports peaked at X pairs in 2016; however, from 2017 to 2020, exports remained at a lower figure.

In value terms, ski footwear exports shrank markedly to $X in 2020. Overall, exports continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2016 with an increase of X% y-o-y. As a result, exports attained the peak of $X. from 2017 to 2020, the growth exports remained at a lower figure.

Exports by Country

Malaysia (X pairs), Indonesia (X pairs) and Australia (X pairs) were the main destinations of ski footwear exports from Singapore, with a combined X% share of total exports. Hong Kong SAR, China and the UK lagged somewhat behind, together accounting for a further X 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the UK, while exports for the other leaders experienced mixed trend patterns.

In value terms, Indonesia ($X), Malaysia ($X) and Australia ($X) constituted the largest markets for ski footwear exported from Singapore worldwide, with a combined X% share of total exports. Hong Kong SAR, China and the UK lagged somewhat behind, together accounting for a further X UK saw 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 ski footwear export price stood at $X per pair in 2020, picking up by X% against the previous year. Overall, the export price posted a resilient expansion. The most prominent rate of growth was recorded in 2010 when the average export price increased by X% y-o-y. Over the period under review, average export prices hit record highs at $X per pair in 2011; however, from 2012 to 2020, export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was China ($X per pair), while the average price for exports to Australia ($X per pair) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia, while the prices for the other major destinations experienced more modest paces of growth.

Ski Footwear Imports

Imports into Singapore

In 2020, the amount of ski-boots, snowboard boots and cross-country ski footwear imported into Singapore contracted remarkably to X pairs, falling by -X% against 2019 figures. Overall, imports, however, showed moderate growth. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Imports peaked at X pairs in 2009; however, from 2010 to 2020, imports remained at a lower figure.

In value terms, ski footwear imports fell dramatically to $X in 2020. Over the period under review, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 when imports increased by X% against the previous year. Imports peaked at $X in 2011; however, from 2012 to 2020, imports remained at a lower figure.

Imports by Country

In 2020, China (X pairs) was the main supplier of ski footwear to Singapore, accounting for a approx. X% share of total imports.

From 2007 to 2020, the average annual growth rate of volume from China totaled +X%.

In value terms, China ($X) constituted the largest supplier of ski footwear to Singapore.

From 2007 to 2020, the average annual rate of growth in terms of value from China stood at +X%.

Import Prices by Country

In 2020, the average ski footwear import price amounted to $X per pair, with a decrease of -X% against the previous year. Over the period under review, the import price continues to indicate a perceptible reduction. The pace of growth was the most pronounced in 2013 an increase of X% year-to-year. Over the period under review, average import prices reached the peak figure at $X per pair in 2015; however, from 2016 to 2020, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2007 to 2020, the rate of growth in terms of prices for China amounted to -X% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :