Sri Lanka: Market for Snow-Skis And Other Snow-Ski Equipment, Ice-Skates And Roller-Skates 2024

Market Size for Snow-Skis And Other Snow-Ski Equipment, Ice-Skates And Roller-Skates in Sri Lanka

The Sri Lankan market for snow-skis and other snow-ski equipment, ice-skates and roller-skates was finally on the rise to reach $X in 2021, after four years of decline. Overall, consumption, however, showed a abrupt descent. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Production of Snow-Skis And Other Snow-Ski Equipment, Ice-Skates And Roller-Skates in Sri Lanka

In value terms, production of snow-skis and other snow-ski equipment, ice-skates and roller-skates rose to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a abrupt decrease. Production of peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Exports of Snow-Skis And Other Snow-Ski Equipment, Ice-Skates And Roller-Skates

Exports from Sri Lanka

In 2021, overseas shipments of snow-skis and other snow-ski equipment, ice-skates and roller-skates increased by 246% to X kg for the first time since 2018, thus ending a two-year declining trend. In general, exports, however, saw a perceptible curtailment. The pace of growth appeared the most rapid in 2014 when exports increased by 452%. As a result, the exports attained the peak of X tons. From 2015 to 2021, the growth of the exports of failed to regain momentum.

In value terms, exports of snow-skis and other snow-ski equipment, ice-skates and roller-skates surged to $X in 2021. Over the period under review, exports, however, continue to indicate a perceptible decline. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X kg) was the main destination for exports of snow-skis and other snow-ski equipment, ice-skates and roller-skates from Sri Lanka, with a 52% share of total exports. Moreover, exports of snow-skis and other snow-ski equipment, ice-skates and roller-skates to the United States exceeded the volume sent to the second major destination, Slovakia (X kg), fourfold. The third position in this ranking was taken by Turkey (X kg), with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States stood at +30.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovakia (+59.1% per year) and Turkey (+68.4% per year).

In value terms, the United States ($X) emerged as the key foreign market for snow-skis and other snow-ski equipment, ice-skates and roller-skates exports from Sri Lanka, comprising 60% of total exports. The second position in the ranking was held by Germany ($X), with a 12% share of total exports. It was followed by Slovakia, with a 3% share.

From 2012 to 2021, the average annual growth rate of value to the United States stood at +40.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-20.6% per year) and Slovakia (+47.0% per year).

Export Prices by Country

In 2021, the average export price for snow-skis and other snow-ski equipment, ice-skates and roller-skates amounted to $X per ton, surging by 116% against the previous year. In general, the export price recorded a relatively flat trend pattern. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Canada ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+36.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Snow-Skis And Other Snow-Ski Equipment, Ice-Skates And Roller-Skates

Imports into Sri Lanka

Imports of snow-skis and other snow-ski equipment, ice-skates and roller-skates into Sri Lanka rose markedly to X tons in 2021, picking up by 8.8% against the previous year's figure. Overall, imports recorded resilient growth. The most prominent rate of growth was recorded in 2018 when imports increased by 268% against the previous year. As a result, imports attained the peak of X tons. From 2019 to 2021, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of snow-skis and other snow-ski equipment, ice-skates and roller-skates surged to $X in 2021. In general, imports saw buoyant growth. The growth pace was the most rapid in 2018 with an increase of 1,062% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports of remained at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of skis and its equipment and skates to Sri Lanka, accounting for a 66% share of total imports. Moreover, imports of snow-skis and other snow-ski equipment, ice-skates and roller-skates from China exceeded the figures recorded by the second-largest supplier, India (X kg), fivefold. Greece (X kg) ranked third in terms of total imports with a 5.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +30.2%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+14.1% per year) and Greece (+9.1% per year).

In value terms, China ($X) constituted the largest supplier of snow-skis and other snow-ski equipment, ice-skates and roller-skates to Sri Lanka, comprising 67% of total imports. The second position in the ranking was taken by India ($X), with a 16% share of total imports. It was followed by Hong Kong SAR, with a 3.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +32.5%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+18.9% per year) and Hong Kong SAR (+10.8% per year).

Import Prices by Country

The average import price for snow-skis and other snow-ski equipment, ice-skates and roller-skates stood at $X per ton in 2021, increasing by 6.5% against the previous year. Overall, the import price, however, showed a noticeable decline. The pace of growth was the most pronounced in 2018 an increase of 215%. As a result, import price attained the peak level of $X per ton. From 2019 to 2021, the average import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+14.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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