Southern Asia: Ski-Suit Market 2024

Ski-Suit Market Size in Southern Asia

After five years of decline, the South Asian ski-suit market increased by 10% to $X in 2021. Overall, consumption, however, recorded a perceptible contraction. As a result, consumption reached the peak level of $X. From 2016 to 2021, the growth of the market failed to regain momentum.

Ski-Suit Production in Southern Asia

In value terms, ski-suit production totaled $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a noticeable downturn. The growth pace was the most rapid in 2015 when the production volume increased by 88%. As a result, production attained the peak level of $X. From 2016 to 2021, production growth remained at a lower figure.

Ski-Suit Exports

Exports in Southern Asia

In 2021, after two years of growth, there was significant decline in overseas shipments of ski-suits (excluding of knitted or crocheted textiles), when their volume decreased by -30.7% to X units. In general, exports saw a perceptible reduction. The pace of growth was the most pronounced in 2019 when exports increased by 79%. Over the period under review, the exports reached the peak figure at X units in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, ski-suit exports reduced rapidly to $X in 2021. Over the period under review, exports continue to indicate a pronounced curtailment. The pace of growth appeared the most rapid in 2019 when exports increased by 55% against the previous year. Over the period under review, the exports attained the maximum at $X in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

Exports by Country

Bangladesh (X units) and Pakistan (X units) were the largest exporters of ski-suits (excluding of knitted or crocheted textiles) in 2021, reaching near 48% and 32% of total exports, respectively. It was distantly followed by India (X units), mixing up a 20% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Pakistan (with a CAGR of +5.9%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, Bangladesh ($X) remains the largest ski-suit supplier in Southern Asia, comprising 70% of total exports. The second position in the ranking was held by Pakistan ($X), with a 16% share of total exports.

In Bangladesh, ski-suit exports declined by an average annual rate of -2.2% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Pakistan (+7.8% per year) and India (-14.3% per year).

Export Prices by Country

The export price in Southern Asia stood at $X per unit in 2021, growing by 2.4% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of 48% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2019 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Bangladesh ($X per unit), while Pakistan ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Pakistan (+1.8%), while the other leaders experienced mixed trends in the export price figures.

Ski-Suit Imports

Imports in Southern Asia

After two years of growth, overseas purchases of ski-suits (excluding of knitted or crocheted textiles) decreased by -78.2% to X units in 2021. Overall, imports recorded a drastic downturn. The most prominent rate of growth was recorded in 2019 when imports increased by 493%. The volume of import peaked at X units in 2020, and then reduced rapidly in the following year.

In value terms, ski-suit imports reduced rapidly to $X in 2021. In general, imports continue to indicate a abrupt shrinkage. The growth pace was the most rapid in 2019 with an increase of 658%. The level of import peaked at $X in 2020, and then reduced markedly in the following year.

Imports by Country

India was the largest importer of ski-suits (excluding of knitted or crocheted textiles) in Southern Asia, with the volume of imports accounting for X units, which was approx. 52% of total imports in 2021. Sri Lanka (X units) ranks second in terms of the total imports with a 32% share, followed by Bangladesh (7.1%). Nepal (X units), Bhutan (X units) and Maldives (X units) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Bhutan (with a CAGR of +33.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Sri Lanka ($X) constitutes the largest market for imported ski-suits (excluding of knitted or crocheted textiles) in Southern Asia, comprising 66% of total imports. The second position in the ranking was held by India ($X), with a 25% share of total imports. It was followed by Nepal, with a 3% share.

In Sri Lanka, ski-suit imports increased at an average annual rate of +14.4% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: India (-18.9% per year) and Nepal (-2.3% per year).

Import Prices by Country

In 2021, the import price in Southern Asia amounted to $X per unit, with an increase of 29% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of 86%. As a result, import price attained the peak level of $X per unit. From 2018 to 2021, the import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Sri Lanka ($X per unit), while Bangladesh ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Nepal (+6.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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