Thailand: Ski-Suit Market 2024

Ski-Suit Market Size in Thailand

In 2021, the Thai ski-suit market increased by 13% to $X for the first time since 2015, thus ending a five-year declining trend. Overall, consumption, however, showed a perceptible reduction. As a result, consumption attained the peak level of $X. From 2016 to 2021, the growth of the market remained at a lower figure.

Ski-Suit Production in Thailand

In value terms, ski-suit production expanded markedly to $X in 2021 estimated in export price. In general, production, however, showed a pronounced setback. The most prominent rate of growth was recorded in 2015 with an increase of 125% against the previous year. As a result, production attained the peak level of $X. From 2016 to 2021, production growth failed to regain momentum.

Ski-Suit Exports

Exports from Thailand

Ski-suit exports from Thailand rose rapidly to X units in 2021, surging by 8.4% against the previous year. Over the period under review, exports, however, saw a abrupt descent. The most prominent rate of growth was recorded in 2016 when exports increased by 375%. The exports peaked at X units in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, ski-suit exports rose notably to $X in 2021. In general, exports, however, continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2016 with an increase of 174% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Italy (X units) was the main destination for ski-suit exports from Thailand, accounting for a 47% share of total exports. Moreover, ski-suit exports to Italy exceeded the volume sent to the second major destination, Maldives (X units), threefold. The third position in this ranking was taken by French Polynesia (X units), with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Italy amounted to +21.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Maldives (+45.2% per year) and French Polynesia (+28.7% per year).

In value terms, Italy ($X) remains the key foreign market for ski-suits (excluding of knitted or crocheted textiles) exports from Thailand, comprising 53% of total exports. The second position in the ranking was taken by Norway ($X), with a 17% share of total exports. It was followed by Maldives, with an 8.7% share.

From 2012 to 2021, the average annual growth rate of value to Italy amounted to +3.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (-6.7% per year) and Maldives (+95.6% per year).

Export Prices by Country

The average ski-suit export price stood at $X per unit in 2021, remaining relatively unchanged against the previous year. Over the period under review, export price indicated a tangible increase from 2012 to 2021: its price increased at an average annual rate of +3.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, ski-suit export price increased by +98.3% against 2016 indices. The most prominent rate of growth was recorded in 2017 when the average export price increased by 62% against the previous year. The export price peaked in 2021 and is likely to see steady growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was Norway ($X per unit), while the average price for exports to Spain ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Maldives (+32.7%), while the prices for the other major destinations experienced more modest paces of growth.

Ski-Suit Imports

Imports into Thailand

In 2021, supplies from abroad of ski-suits (excluding of knitted or crocheted textiles) decreased by -70.5% to X units, falling for the second consecutive year after three years of growth. Over the period under review, imports saw a drastic downturn. The pace of growth was the most pronounced in 2015 with an increase of 339%. As a result, imports reached the peak of X units. From 2016 to 2021, the growth of imports remained at a lower figure.

In value terms, ski-suit imports shrank significantly to $X in 2021. In general, imports showed a deep slump. The pace of growth was the most pronounced in 2015 with an increase of 225%. Over the period under review, imports reached the maximum at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Italy (X units) constituted the largest ski-suit supplier to Thailand, accounting for a 35% share of total imports. Moreover, ski-suit imports from Italy exceeded the figures recorded by the second-largest supplier, China (X units), threefold. The United States (X units) ranked third in terms of total imports with a 9.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Italy totaled +28.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-14.6% per year) and the United States (-12.2% per year).

In value terms, Italy ($X) constituted the largest supplier of ski-suits (excluding of knitted or crocheted textiles) to Thailand, comprising 39% of total imports. The second position in the ranking was taken by the United States ($X), with a 12% share of total imports. It was followed by China, with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Italy amounted to +40.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-1.6% per year) and China (-7.4% per year).

Import Prices by Country

In 2021, the average ski-suit import price amounted to $X per unit, jumping by 38% against the previous year. In general, the import price showed prominent growth. The growth pace was the most rapid in 2020 an increase of 47%. Over the period under review, average import prices hit record highs in 2021 and is likely to see gradual growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Australia ($X per unit), while the price for the Philippines ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+17.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :