Global Skates Market 2024

Skates Market Size

In 2021, the global skates market was finally on the rise to reach $X after three years of decline. The market value increased at an average annual rate of +2.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Skates Production

In value terms, skates production expanded rapidly to $X in 2021 estimated in export price. Over the period under review, production, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of 38% against the previous year. Global production peaked at $X in 2017; however, from 2018 to 2021, production stood at a somewhat lower figure.

Skates Exports

Exports

In 2021, overseas shipments of ice skates and roller skates increased by 51% to X tons, rising for the second consecutive year after two years of decline. Overall, total exports indicated a mild increase from 2012 to 2021: its volume increased at an average annual rate of +1.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +56.7% against 2019 indices. The most prominent rate of growth was recorded in 2016 with an increase of 64%. The global exports peaked in 2021 and are expected to retain growth in years to come.

In value terms, skates exports skyrocketed to $X in 2021. In general, total exports indicated a perceptible increase from 2012 to 2021: its value increased at an average annual rate of +4.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +73.9% against 2018 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

China prevails in exports structure, finishing at X tons, which was approx. 76% of total exports in 2021. The following exporters - France (X tons), Germany (X tons), Spain (X tons), Italy (X tons), Vietnam (X tons) and the Netherlands (X tons) - together made up 14% of total exports.

From 2012 to 2021, average annual rates of growth with regard to skates exports from China stood at +1.9%. At the same time, Spain (+53.3%), France (+6.4%), the Netherlands (+5.1%) and Vietnam (+1.9%) displayed positive paces of growth. Moreover, Spain emerged as the fastest-growing exporter exported in the world, with a CAGR of +53.3% from 2012-2021. Germany experienced a relatively flat trend pattern. By contrast, Italy (-1.2%) illustrated a downward trend over the same period. While the share of Spain (+2.4 p.p.) and China (+1.7 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest skates supplier worldwide, comprising 63% of global exports. The second position in the ranking was taken by Germany ($X), with a 4.4% share of global exports. It was followed by Italy, with a 4.1% share.

In China, skates exports expanded at an average annual rate of +5.7% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Germany (+3.8% per year) and Italy (+1.4% per year).

Export Prices by Country

The average skates export price stood at $X per ton in 2021, increasing by 1.6% against the previous year. In general, export price indicated a notable expansion from 2012 to 2021: its price increased at an average annual rate of +2.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, skates export price increased by +25.0% against 2017 indices. The growth pace was the most rapid in 2014 an increase of 42% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2015; however, from 2016 to 2021, the export prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+4.5%), while the other global leaders experienced more modest paces of growth.

Skates Imports

Imports

In 2021, purchases abroad of ice skates and roller skates increased by 58% to X tons, rising for the second year in a row after two years of decline. In general, total imports indicated a temperate expansion from 2012 to 2021: its volume increased at an average annual rate of +3.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +78.4% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, skates imports surged to $X in 2021. The total import value increased at an average annual rate of +3.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The United States represented the major importer of ice skates and roller skates in the world, with the volume of imports finishing at X tons, which was approx. 30% of total imports in 2021. Germany (X tons) took the second position in the ranking, followed by the Netherlands (X tons) and Russia (X tons). All these countries together held near 17% share of total imports. Canada (X tons), France (X tons), Spain (X tons), Poland (X tons), the UK (X tons), Italy (X tons), Indonesia (X tons), Belgium (X tons) and Brazil (X tons) took a relatively small share of total imports.

From 2012 to 2021, average annual rates of growth with regard to skates imports into the United States stood at +14.1%. At the same time, Indonesia (+29.9%), the Netherlands (+11.6%), Poland (+10.3%), Spain (+6.2%), France (+1.5%) and the UK (+1.5%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing importer imported in the world, with a CAGR of +29.9% from 2012-2021. Italy and Brazil experienced a relatively flat trend pattern. By contrast, Germany (-1.0%), Canada (-2.1%), Belgium (-2.3%) and Russia (-5.3%) illustrated a downward trend over the same period. The United States (+17 p.p.), the Netherlands (+2.9 p.p.) and Indonesia (+2.2 p.p.) significantly strengthened its position in terms of the global imports, while Belgium, Canada, Germany and Russia saw its share reduced by -1.6%, -2.9%, -3.3% and -6.1% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported ice skates and roller skates worldwide, comprising 23% of global imports. The second position in the ranking was taken by Germany ($X), with a 9% share of global imports. It was followed by Canada, with a 5.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value in the United States stood at +8.1%. The remaining importing countries recorded the following average annual rates of imports growth: Germany (+2.8% per year) and Canada (-0.6% per year).

Import Prices by Country

In 2021, the average skates import price amounted to $X per ton, approximately equating the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the average import price increased by 19% against the previous year. As a result, import price attained the peak level of $X per ton. From 2019 to 2021, the average import prices remained at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Germany ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+3.9%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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