Colombia: Ski Footwear Market 2024

Ski Footwear Market Size in Colombia

The Colombian ski footwear market shrank slightly to $X in 2020, approximately reflecting the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, showed strong growth. As a result, consumption reached the peak level of $X, leveling off in the following year.

Ski Footwear Exports

Exports from Colombia

In 2020, overseas shipments of ski-boots, snowboard boots and cross-country ski footwear decreased by X% to X pairs, falling for the fourth consecutive year after five years of growth. Over the period under review, exports, however, posted strong growth. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at X pairs in 2016; however, from 2017 to 2020, the exports stood at a somewhat lower figure.

In value terms, ski footwear exports declined rapidly to $X in 2020. Overall, exports, however, recorded a strong increase. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2020, the exports stood at a somewhat lower figure.

Exports by Country

Costa Rica (X pairs) was the main destination for ski footwear exports from Colombia, accounting for a X% share of total exports. Moreover, ski footwear exports to Costa Rica exceeded the volume sent to the second major destination, Switzerland (X pairs), eightfold.

From 2012 to 2020, the average annual growth rate of volume to Costa Rica totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (X% per year) and the Dominican Republic (X% per year).

In value terms, Costa Rica ($X) remains the key foreign market for ski-boots, snowboard boots and cross-country ski footwear exports from Colombia, comprising X% of total exports. The second position in the ranking was held by Switzerland ($X), with a X% share of total exports.

From 2012 to 2020, the average annual growth rate of value to Costa Rica stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (X% per year) and the Dominican Republic (X% per year).

Export Prices by Country

In 2020, the average ski footwear export price amounted to $X per pair, with an increase of X% against the previous year. Overall, export price indicated a prominent increase from 2012 to 2020: its price increased at an average annual rate of X% over the last eight-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 an increase of X% against the previous year. The export price peaked in 2020 and is likely to continue growth in years to come.

There were significant differences in the average prices for the major overseas markets. In 2020, amid the top suppliers, the country with the highest price was Switzerland ($X per pair), while the average price for exports to Costa Rica ($X per pair) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Costa Rica (X%), while the prices for the other major destinations experienced a decline.

Ski Footwear Imports

Imports into Colombia

Ski footwear imports into Colombia contracted significantly to X pairs in 2020, with a decrease of X% compared with 2019. Overall, imports, however, showed resilient growth. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. Imports peaked at X pairs in 2017; however, from 2018 to 2020, imports remained at a lower figure.

In value terms, ski footwear imports soared to $X in 2020. Over the period under review, imports, however, saw a prominent expansion. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, imports hit record highs in 2020 and are expected to retain growth in years to come.

Imports by Country

In 2020, Italy (X pairs) was the main supplier of ski footwear to Colombia, with a X% share of total imports. Moreover, ski footwear imports from Italy exceeded the figures recorded by the second-largest supplier, the United States (X pairs), more than tenfold.

From 2012 to 2020, the average annual rate of growth in terms of volume from Italy stood at X%.

In value terms, Italy ($X) constituted the largest supplier of ski-boots, snowboard boots and cross-country ski footwear to Colombia, comprising X% of total imports. The second position in the ranking was taken by the United States ($X), with a X% share of total imports.

From 2012 to 2020, the average annual rate of growth in terms of value from Italy totaled X%.

Import Prices by Country

The average ski footwear import price stood at $X per pair in 2020, with an increase of X% against the previous year. Over the period under review, the import price, however, continues to indicate a slight decrease. The growth pace was the most rapid in 2018 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs at $X per pair in 2012; however, from 2013 to 2020, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2020, amid the top importers, the country with the highest price was Italy ($X per pair), while the price for the United States stood at $X per pair.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by Myanmar (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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