Spain: Knitted Ski-Suit Market 2024

Knitted Ski-Suit Market Size in Spain

After three years of growth, the Spanish knitted ski-suit market decreased by -40.1% to $X in 2022. Overall, consumption continues to indicate a deep reduction. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

Knitted Ski-Suit Production in Spain

In value terms, knitted ski-suit production contracted markedly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a significant contraction. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Knitted Ski-Suit Exports

Exports from Spain

In 2022, overseas shipments of ski-suits of knitted or crocheted textiles were finally on the rise to reach X units after two years of decline. In general, exports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 with an increase of 137%. As a result, the exports attained the peak of X units. From 2020 to 2022, the growth of the exports remained at a lower figure.

In value terms, knitted ski-suit exports skyrocketed to $X in 2022. Overall, exports showed temperate growth. The pace of growth appeared the most rapid in 2017 when exports increased by 83%. The exports peaked in 2022 and are likely to see steady growth in years to come.

Exports by Country

Andorra (X units), Morocco (X units) and Portugal (X units) were the main destinations of knitted ski-suit exports from Spain, with a combined 71% share of total exports. France, the UK, Italy, Germany and Cuba lagged somewhat behind, together comprising a further 18%.

From 2012 to 2022, the biggest increases were recorded for France (with a CAGR of +30.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Andorra ($X) remains the key foreign market for ski-suits of knitted or crocheted textiles exports from Spain, comprising 60% of total exports. The second position in the ranking was held by Portugal ($X), with a 10% share of total exports. It was followed by France, with a 4.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Andorra stood at +15.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Portugal (+11.3% per year) and France (+19.6% per year).

Export Prices by Country

The average knitted ski-suit export price stood at $X per unit in 2022, surging by 45% against the previous year. Over the period under review, export price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, knitted ski-suit export price increased by +60.8% against 2019 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Andorra ($X per unit), while the average price for exports to Cuba ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+10.3%), while the prices for the other major destinations experienced more modest paces of growth.

Knitted Ski-Suit Imports

Imports into Spain

Knitted ski-suit imports into Spain soared to X units in 2022, increasing by 15% against the previous year's figure. Over the period under review, imports, however, showed a abrupt decrease. The most prominent rate of growth was recorded in 2014 with an increase of 171%. As a result, imports attained the peak of X units. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, knitted ski-suit imports contracted notably to $X in 2022. In general, imports, however, continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2014 when imports increased by 33%. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest knitted ski-suit supplier to Spain, with a 51% share of total imports. Moreover, knitted ski-suit imports from China exceeded the figures recorded by the second-largest supplier, the Netherlands (X units), threefold. The third position in this ranking was taken by Hungary (X units), with a 9.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to -2.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+55.1% per year) and Hungary (0.0% per year).

In value terms, the largest knitted ski-suit suppliers to Spain were the Netherlands ($X), China ($X) and the UK ($X), together comprising 72% of total imports. These countries were followed by Belgium, Hungary, Italy, Vietnam, Bangladesh and Portugal, which together accounted for a further 18%.

In terms of the main suppliers, Belgium, with a CAGR of +104.6%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average knitted ski-suit import price amounted to $X per unit, with a decrease of -43.8% against the previous year. In general, the import price saw a pronounced contraction. The growth pace was the most rapid in 2021 an increase of 99%. As a result, import price reached the peak level of $X per unit, and then shrank remarkably in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Vietnam ($X per unit), while the price for Bangladesh ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+11.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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