United Kingdom: Ski-Suit Market 2024

Ski-Suit Market Size in the UK

In 2021, the UK ski-suit market increased by 54% to $X for the first time since 2015, thus ending a five-year declining trend. Overall, consumption, however, saw a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2016 to 2021, the growth of the market failed to regain momentum.

Ski-Suit Production in the UK

In value terms, ski-suit production skyrocketed to $X in 2021 estimated in export price. In general, production, however, recorded a pronounced contraction. The most prominent rate of growth was recorded in 2015 with an increase of 386% against the previous year. As a result, production reached the peak level of $X. From 2016 to 2021, production growth failed to regain momentum.

Ski-Suit Exports

Exports from the UK

In 2021, overseas shipments of ski-suits (excluding of knitted or crocheted textiles) decreased by -30.9% to X units, falling for the third consecutive year after two years of growth. In general, exports showed a drastic downturn. The most prominent rate of growth was recorded in 2018 when exports increased by 118%. As a result, the exports attained the peak of X units. From 2019 to 2021, the growth of the exports failed to regain momentum.

In value terms, ski-suit exports reduced markedly to $X in 2021. Overall, exports, however, saw mild growth. The growth pace was the most rapid in 2019 when exports increased by 72% against the previous year. As a result, the exports attained the peak of $X. From 2020 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

The Netherlands (X units), Germany (X units) and the United States (X units) were the main destinations of ski-suit exports from the UK, together accounting for 47% of total exports. These countries were followed by Bulgaria, France, Australia, Poland, Finland, Japan, Latvia, Ireland, Italy and Estonia, which together accounted for a further 35%.

From 2012 to 2021, the biggest increases were recorded for Latvia (with a CAGR of +69.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) emerged as the key foreign market for ski-suits (excluding of knitted or crocheted textiles) exports from the UK, comprising 27% of total exports. The second position in the ranking was held by the Netherlands ($X), with a 10% share of total exports. It was followed by Germany, with a 5.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States totaled +66.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+41.6% per year) and Germany (-0.7% per year).

Export Prices by Country

In 2021, the average ski-suit export price amounted to $X per unit, surging by 18% against the previous year. Over the period under review, the export price continues to indicate resilient growth. The most prominent rate of growth was recorded in 2019 an increase of 87%. The export price peaked in 2021 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was the United States ($X per unit), while the average price for exports to Poland ($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 Ireland (+14.8%), while the prices for the other major destinations experienced more modest paces of growth.

Ski-Suit Imports

Imports into the UK

After three years of growth, overseas purchases of ski-suits (excluding of knitted or crocheted textiles) decreased by -7.1% to X units in 2021. In general, imports saw a perceptible decline. The pace of growth appeared the most rapid in 2019 when imports increased by 63%. Over the period under review, imports attained the peak figure at X units in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, ski-suit imports soared to $X in 2021. Over the period under review, imports, however, showed a buoyant expansion. The most prominent rate of growth was recorded in 2019 when imports increased by 49% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in years to come.

Imports by Country

China (X units), Bangladesh (X units) and Spain (X units) were the main suppliers of ski-suit imports to the UK, with a combined 67% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of +137.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), China ($X) and Bangladesh ($X) were the largest ski-suit suppliers to the UK, with a combined 64% share of total imports.

Spain, with a CAGR of +118.0%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average ski-suit import price amounted to $X per unit, surging by 58% against the previous year. In general, import price indicated a resilient increase from 2012 to 2021: its price increased at an average annual rate of +7.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+5.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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