South-Eastern Asia: Skis Market 2024

Skis Market Size in South-Eastern Asia

The Southeast Asian skis market surged to $X in 2021, with an increase of 18% against the previous year. Overall, consumption, however, recorded a abrupt shrinkage. The level of consumption peaked at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Skis Production in South-Eastern Asia

In value terms, skis production surged to $X in 2021 estimated in export price. In general, production, however, recorded a deep slump. The level of production peaked at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

Skis Exports

Exports in South-Eastern Asia

In 2021, approx. X tons of skis for winter sports were exported in South-Eastern Asia; rising by 47% compared with the previous year. In general, exports continue to indicate a strong increase. The most prominent rate of growth was recorded in 2015 when exports increased by 149% against the previous year. The volume of export peaked at X tons in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, skis exports skyrocketed to $X in 2021. Over the period under review, exports saw a buoyant expansion. The pace of growth was the most pronounced in 2015 when exports increased by 104%. The level of export peaked at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

Vietnam (X tons) and Myanmar (X tons) dominates exports structure, together generating 94% of total exports. It was distantly followed by Singapore (X tons), generating a 4.5% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Myanmar (with a CAGR of +110.4%), while the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X), Myanmar ($X) and Singapore ($X) constituted the countries with the highest levels of exports in 2021, with a combined 99% share of total exports.

In terms of the main exporting countries, Myanmar, with a CAGR of +89.8%, saw 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 South-Eastern Asia amounted to $X per ton, dropping by -7.8% against the previous year. Over the last nine years, it increased at an average annual rate of +2.1%. The most prominent rate of growth was recorded in 2020 when the export price increased by 42%. As a result, the export price reached the peak level of $X per ton, and then declined in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+8.2%), while the other leaders experienced mixed trends in the export price figures.

Skis Imports

Imports in South-Eastern Asia

In 2021, supplies from abroad of skis for winter sports decreased by -5.2% to X tons, falling for the third consecutive year after two years of growth. Overall, imports continue to indicate a deep downturn. The pace of growth appeared the most rapid in 2015 when imports increased by 224% against the previous year. The volume of import peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, skis imports fell modestly to $X in 2021. In general, imports recorded a abrupt setback. The pace of growth appeared the most rapid in 2015 when imports increased by 174%. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Singapore (X tons) represented the key importer of skis for winter sports, creating 56% of total imports. It was distantly followed by Indonesia (X kg), Cambodia (X kg) and Thailand (X kg), together creating a 30% share of total imports. The following importers - Myanmar (X kg), Malaysia (X kg) and Vietnam (X kg) - each accounted for a 12% share of total imports.

From 2012 to 2021, average annual rates of growth with regard to skis imports into Singapore stood at -15.6%. At the same time, Myanmar (+31.8%) and Cambodia (+18.9%) displayed positive paces of growth. Moreover, Myanmar emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of +31.8% from 2012-2021. By contrast, Indonesia (-1.6%), Thailand (-5.4%), Malaysia (-13.5%) and Vietnam (-22.1%) illustrated a downward trend over the same period. Indonesia (+14 p.p.), Singapore (+7.7 p.p.), Cambodia (+6.2 p.p.), Myanmar (+4.1 p.p.) and Thailand (+3.6 p.p.) significantly strengthened its position in terms of the total imports, while Vietnam saw its share reduced by -3% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Singapore ($X) constitutes the largest market for imported skis for winter sports in South-Eastern Asia, comprising 53% of total imports. The second position in the ranking was held by Thailand ($X), with a 14% share of total imports. It was followed by Indonesia, with a 9.5% share.

In Singapore, skis imports decreased by an average annual rate of -14.6% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Thailand (+7.5% per year) and Indonesia (+6.7% per year).

Import Prices by Country

In 2021, the import price in South-Eastern Asia amounted to $X per ton, picking up by 1.8% against the previous year. Over the last nine years, it increased at an average annual rate of +2.9%. The most prominent rate of growth was recorded in 2020 an increase of 18% against the previous year. Over the period under review, import prices hit record highs in 2021 and is likely to see steady growth in years to come.

Prices varied noticeably country of destination: the country with the highest price was Thailand ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+13.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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