Southern Asia: Skis Market 2024

Skis Market Size in Southern Asia

The South Asian skis market expanded markedly to $X in 2021, rising by 6.6% against the previous year. Over the period under review, consumption, however, continues to indicate a slight curtailment. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market failed to regain momentum.

Skis Production in Southern Asia

In value terms, skis production expanded notably to $X in 2021 estimated in export price. In general, production, however, showed a slight setback. The pace of growth appeared the most rapid in 2019 when the production volume increased by 11% against the previous year. The level of production peaked at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

Skis Exports

Exports in Southern Asia

In 2021, shipments abroad of skis for winter sports increased by 56% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, exports continue to indicate strong growth. The pace of growth was the most pronounced in 2017 with an increase of 233%. The volume of export peaked in 2021 and is expected to retain growth in the immediate term.

In value terms, skis exports skyrocketed to $X in 2021. Overall, exports posted strong growth. The pace of growth was the most pronounced in 2017 when exports increased by 267% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in years to come.

Exports by Country

In 2021, Pakistan (X tons) represented the main exporter of skis for winter sports, generating 43% of total exports. It was distantly followed by Bangladesh (X tons), India (X tons) and Sri Lanka (X tons), together generating a 56% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Sri Lanka (with a CAGR of +50.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Pakistan ($X), Bangladesh ($X) and India ($X) constituted the countries with the highest levels of exports in 2021, together accounting for 87% of total exports. Sri Lanka lagged somewhat behind, accounting for a further 12%.

In terms of the main exporting countries, Sri Lanka, with a CAGR of +57.7%, saw the highest growth rate of 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 Southern Asia amounted to $X per ton, rising by 29% against the previous year. In general, the export price enjoyed buoyant growth. The growth pace was the most rapid in 2016 when the export price increased by 31%. The level of export peaked in 2021 and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major exporting countries. In 2021, major exporting countries recorded the following prices: in Sri Lanka ($X per ton) and Bangladesh ($X per ton), while Pakistan ($X per ton) and India ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Pakistan (+11.6%), while the other leaders experienced more modest paces of growth.

Skis Imports

Imports in Southern Asia

In 2021, purchases abroad of skis for winter sports increased by 126% to X tons, rising for the second year in a row after two years of decline. Over the period under review, imports saw slight growth. The growth pace was the most rapid in 2017 with an increase of 360% against the previous year. Over the period under review, imports reached the maximum at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, skis imports skyrocketed to $X in 2021. In general, imports showed notable growth. The pace of growth was the most pronounced in 2017 with an increase of 340% against the previous year. The level of import peaked in 2021 and is likely to continue growth in years to come.

Imports by Country

India dominates imports structure, recording X tons, which was near 83% of total imports in 2021. It was distantly followed by Maldives (X kg), constituting a 9% share of total imports. Afghanistan (X kg) and Bhutan (X kg) followed a long way behind the leaders.

Imports into India increased at an average annual rate of +3.6% from 2012 to 2021. At the same time, Maldives (+20.9%) and Bhutan (+6.2%) displayed positive paces of growth. Moreover, Maldives emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +20.9% from 2012-2021. By contrast, Afghanistan (-4.8%) illustrated a downward trend over the same period. India (+14 p.p.) and Maldives (+7.1 p.p.) significantly strengthened its position in terms of the total imports, while Afghanistan saw its share reduced by -2.1% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported skis for winter sports in Southern Asia, comprising 87% of total imports. The second position in the ranking was held by Maldives ($X), with a 6.2% share of total imports. It was followed by Bhutan, with a 2.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value in India stood at +6.9%. The remaining importing countries recorded the following average annual rates of imports growth: Maldives (+24.1% per year) and Bhutan (+8.8% per year).

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2021, remaining constant against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.2%. The most prominent rate of growth was recorded in 2014 when the import price increased by 14%. Over the period under review, import prices hit record highs at $X per ton in 2020, and then reduced slightly in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+3.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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