China: Skates Market 2024

Skates Market Size in China

In 2021, after four years of growth, there was significant decline in the Chinese skates market, when its value decreased by X% to $X. Over the period under review, consumption showed a mild slump. The growth pace was the most rapid in 2017 when the market value increased by X% against the previous year. Skates consumption peaked at $X in 2020, and then dropped markedly in the following year.

Skates Production in China

In value terms, skates production shrank modestly to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a noticeable descent. The growth pace was the most rapid in 2016 when the production volume increased by X% against the previous year. Skates production peaked at $X in 2017; however, from 2018 to 2021, production failed to regain momentum.

Skates Exports

Exports from China

After two months of growth, shipments abroad of ice skates and roller skates decreased by X% to X pairs in February 2023. Over the period under review, exports showed a drastic downturn. The pace of growth appeared the most rapid in April 2022 when exports increased by X% m-o-m. As a result, the exports attained the peak of X pairs. From May 2022 to February 2023, the growth of the exports remained at a lower figure.

In value terms, skates exports declined markedly to $X in February 2023. In general, exports recorded a deep contraction. The pace of growth was the most pronounced in August 2022 with an increase of X% against the previous month. As a result, the exports attained the peak of $X. From September 2022 to February 2023, the growth of the exports remained at a somewhat lower figure.

Exports by Country

#[[france]]France# (X pairs), #[[the united states]]the United States# (X pairs) and #[[russia]]Russia# (X pairs) were the main destinations of skates exports from #[[china]]China#, with a combined X% share of total exports. These countries were followed by #[[thailand]]Thailand#, #[[germany]]Germany#, #[[canada]]Canada#, #[[vietnam]]Vietnam#, #[[croatia]]Croatia#, #[[india]]India#, #[[spain]]Spain#, #[[indonesia]]Indonesia#, #[[the philippines]]the Philippines# and #[[poland]]Poland#, which together accounted for a further X%.

From February 2022 to February 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by #[[croatia]]Croatia# (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, #[[the united states]]the United States# ($X), #[[france]]France# ($X) and #[[canada]]Canada# ($X) appeared to be the largest markets for skates exported from #[[china]]China# worldwide, with a combined X% share of total exports. #[[russia]]Russia#, #[[germany]]Germany#, #[[croatia]]Croatia#, #[[vietnam]]Vietnam#, #[[india]]India#, #[[spain]]Spain#, #[[thailand]]Thailand#, #[[indonesia]]Indonesia#, #[[poland]]Poland# and #[[the philippines]]the Philippines# lagged somewhat behind, together accounting for a further X%.

#[[croatia]]Croatia#, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average skates export price stood at $X per pair in February 2023, with a decrease of X% against the previous month. Over the period under review, the export price continues to indicate a mild decline. The most prominent rate of growth was recorded in May 2022 when the average export price increased by X% month-to-month. Over the period under review, the average export prices attained the peak figure at $X per pair in February 2022; however, from March 2022 to February 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In February 2023, the country with the highest price was #[[canada]]Canada# ($X per pair), while the average price for exports to #[[thailand]]Thailand# ($X per pair) was amongst the lowest.

From February 2022 to February 2023, the most notable rate of growth in terms of prices was recorded for supplies to #[[vietnam]]Vietnam# (X%), while the prices for the other major destinations experienced more modest paces of growth.

Skates Imports

Imports into China

In February 2023, purchases abroad of ice skates and roller skates increased by X% to X pairs for the first time since November 2022, thus ending a two-month declining trend. In general, imports, however, showed a pronounced downturn. The growth pace was the most rapid in April 2022 when imports increased by X% month-to-month. As a result, imports attained the peak of X pairs. From May 2022 to February 2023, the growth of imports failed to regain momentum.

In value terms, skates imports contracted significantly to $X in February 2023. Over the period under review, imports, however, continue to indicate a perceptible decline. The pace of growth was the most pronounced in March 2022 when imports increased by X% against the previous month. Over the period under review, imports hit record highs at X pairs in July 2022; however, from August 2022 to February 2023, imports remained at a lower figure.

Imports by Country

In February 2023, #[[thailand]]Thailand# (X pairs) constituted the largest skates supplier to #[[china]]China#, accounting for a X% share of total imports. It was followed by #[[vietnam]]Vietnam# (X pairs), with a X% share of total imports. #[[the uk]]The UK# (X pairs) ranked third in terms of total imports with a X% share.

From February 2022 to February 2023, the average monthly rate of growth in terms of volume from #[[thailand]]Thailand# stood at X%. The remaining supplying countries recorded the following average monthly rates of imports growth: #[[vietnam]]Vietnam# (X% per month) and #[[the uk]]the UK# (X% per month).

In value terms, the largest skates suppliers to #[[china]]China# were #[[thailand]]Thailand# ($X), #[[italy]]Italy# ($X) and #[[vietnam]]Vietnam# ($X), with a combined X% share of total imports. #[[india]]India#, #[[canada]]Canada#, #[[the uk]]the UK# and #[[the united states]]the United States# lagged somewhat behind, together comprising a further X%.

#[[india]]India#, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among 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 February 2023, the average skates import price amounted to $X per pair, with a decrease of X% against the previous month. Overall, the import price showed a pronounced decrease. The growth pace was the most rapid in May 2022 when the average import price increased by X% month-to-month. Over the period under review, average import prices reached the peak figure at $X per pair in January 2023, and then shrank sharply in the following month.

Prices varied noticeably by the country of origin: the country with the highest price was #[[italy]]Italy# ($X per pair), while the price for #[[thailand]]Thailand# ($X per pair) was amongst the lowest.

From February 2022 to February 2023, the most notable rate of growth in terms of prices was attained by #[[the united states]]the United States# (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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