Vietnam: Skis Market 2024

Skis Market Size in Vietnam

After seven years of decline, the Vietnamese skis market increased by 4.1% to $X in 2021. Over the period under review, consumption, however, faced a abrupt downturn. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market remained at a lower figure.

Skis Production in Vietnam

In value terms, skis production stood at $X in 2021 estimated in export price. Over the period under review, production, however, faced a abrupt slump. The most prominent rate of growth was recorded in 2013 when the production volume increased by 13%. As a result, production attained the peak level of $X. From 2014 to 2021, production growth remained at a lower figure.

Skis Exports

Exports from Vietnam

In 2021, the amount of skis for winter sports exported from Vietnam expanded markedly to X tons, increasing by 14% against the year before. Over the period under review, exports showed a prominent increase. The pace of growth appeared the most rapid in 2015 with an increase of 132%. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, skis exports stood at $X in 2021. Overall, exports recorded a strong expansion. The pace of growth appeared the most rapid in 2015 when exports increased by 83% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for skis exports from Vietnam, accounting for a 70% share of total exports. Moreover, skis exports to the United States exceeded the volume sent to the second major destination, the Czech Republic (X tons), sixfold. The third position in this ranking was taken by Germany (X kg), with a 4.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States totaled +5.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (+50.6% per year) and Germany (+7.4% per year).

In value terms, the United States ($X) remains the key foreign market for skis for winter sports exports from Vietnam, comprising 69% of total exports. The second position in the ranking was taken by the Czech Republic ($X), with an 11% share of total exports. It was followed by Germany, with a 4.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States stood at +7.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (+53.2% per year) and Germany (+7.4% per year).

Export Prices by Country

The average skis export price stood at $X per ton in 2021, reducing by -12.2% against the previous year. Over the period under review, export price indicated a slight increase from 2012 to 2021: its price increased at an average annual rate of +1.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, skis export price increased by +41.1% against 2019 indices. The pace of growth was the most pronounced in 2020 an increase of 61% against the previous year. As a result, the export price attained the peak level of $X per ton, and then declined in the following year.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Germany ($X per ton), while the average price for exports to Turkey ($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 China (+2.7%), while the prices for the other major destinations experienced more modest paces of growth.

Skis Imports

Imports into Vietnam

In 2021, the amount of skis for winter sports imported into Vietnam fell remarkably to X kg, which is down by -72.3% against the previous year's figure. Overall, imports showed a significant decline. The pace of growth appeared the most rapid in 2020 when imports increased by 3,540%. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, skis imports fell sharply to $X in 2021. In general, imports recorded a abrupt downturn. The pace of growth was the most pronounced in 2020 when imports increased by 4,775%. Imports peaked at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Italy (X kg) constituted the largest skis supplier to Vietnam, with a 71% share of total imports. Moreover, skis imports from Italy exceeded the figures recorded by the second-largest supplier, the United States (X kg), threefold. The third position in this ranking was held by the UK (X kg), with a 5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Italy totaled -21.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-21.9% per year) and the UK (-17.4% per year).

In value terms, the UK ($X) constituted the largest supplier of skis for winter sports to Vietnam, comprising 56% of total imports. The second position in the ranking was held by Italy ($X), with a 23% share of total imports. It was followed by the United States, with a 16% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the UK stood at +2.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-21.9% per year) and the United States (-20.3% per year).

Import Prices by Country

In 2021, the average skis import price amounted to $X per ton, declining by -13.1% against the previous year. In general, import price indicated a remarkable increase from 2012 to 2021: its price increased at an average annual rate of +8.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, skis import price increased by +16.5% against 2019 indices. The pace of growth appeared the most rapid in 2013 an increase of 46% against the previous year. The import price peaked at $X per ton in 2020, and then declined in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+23.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :