Asia-Pacific: Skates Market 2024

Skates Market Size in Asia-Pacific

In 2022, the Asia-Pacific skates market decreased by X% to $X, falling for the second year in a row after two years of growth. Over the period under review, consumption saw a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market failed to regain momentum.

Skates Production in Asia-Pacific

In value terms, skates production amounted to $X in 2022 estimated in export price. Overall, production saw a mild setback. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

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Skates Exports

Exports in Asia-Pacific

In 2022, overseas shipments of ice skates and roller skates decreased by X% to X pairs for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports saw a mild setback. The growth pace was the most rapid in 2016 when exports increased by X%. The volume of export peaked at X pairs in 2021, and then shrank significantly in the following year.

In value terms, skates exports fell notably to $X in 2022. Total exports indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X, and then dropped sharply in the following year.

Exports by Country

China prevails in exports structure, resulting at X pairs, which was near X% of total exports in 2022. It was distantly followed by Vietnam (X pairs), committing a X% share of total exports. Cambodia (X pairs) took a little share of total exports.

Exports from China decreased at an average annual rate of X% from 2012 to 2022. At the same time, Vietnam (X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of X% from 2012-2022. Cambodia experienced a relatively flat trend pattern. From 2012 to 2022, the share of Vietnam and Cambodia increased by X and X percentage points, respectively.

In value terms, China ($X) remains the largest skates supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was taken by Vietnam ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in China amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: Vietnam (X% per year) and Cambodia (X% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per pair in 2022, increasing by X% against the previous year. Overall, the export price posted a measured expansion. The most prominent rate of growth was recorded in 2014 an increase of X%. The level of export peaked at $X per pair in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Vietnam ($X per pair), while China ($X per pair) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%).

Skates Imports

Imports in Asia-Pacific

In 2022, after two years of growth, there was significant decline in overseas purchases of ice skates and roller skates, when their volume decreased by X% to X pairs. Overall, imports, however, enjoyed a moderate expansion. The pace of growth appeared the most rapid in 2016 with an increase of X%. Over the period under review, imports reached the maximum at X pairs in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, skates imports reduced to $X in 2022. Total imports indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of X%. As a result, imports attained the peak of $X, and then dropped slightly in the following year.

Imports by Country

In 2022, Indonesia (X pairs), distantly followed by Australia (X pairs), South Korea (X pairs), Vietnam (X pairs), China (X pairs), India (X pairs) and Japan (X pairs) were the main importers of ice skates and roller skates, together comprising X% of total imports. The following importers - Singapore (X pairs), Taiwan (Chinese) (X pairs), Malaysia (X pairs), New Zealand (X pairs), Thailand (X pairs) and Bangladesh (X pairs) - together made up X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Bangladesh (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest skates importing markets in Asia-Pacific were Australia ($X), South Korea ($X) and Vietnam ($X), with a combined X% share of total imports. China, India, Japan, Indonesia, Singapore, Malaysia, New Zealand, Taiwan (Chinese), Thailand and Bangladesh lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, Bangladesh, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Asia-Pacific stood at $X per pair in 2022, increasing by X% against the previous year. Import price indicated a mild increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 an increase of X%. The level of import peaked at $X per pair in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was China ($X per pair), while Indonesia ($X per pair) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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