Hong Kong SAR, China: Ski Footwear Market 2024

Ski Footwear Market Size in Hong Kong SAR, China

After three years of growth, the Hong Kong ski footwear market decreased by X% to $X in 2020. Overall, consumption faced a significant curtailment. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2020, consumption failed to regain momentum.

Ski Footwear Production in Hong Kong SAR, China

In value terms, ski footwear production contracted markedly to $X in 2020 estimated in export price. In general, production, however, saw a resilient increase. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2020, production growth remained at a somewhat lower figure.

Ski Footwear Exports

Exports from Hong Kong SAR, China

In 2020, the amount of ski-boots, snowboard boots and cross-country ski footwear exported from Hong Kong SAR declined markedly to X pairs, with a decrease of X% on 2019 figures. Overall, total exports indicated a mild expansion from 2012 to 2020: its volume 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 most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. As a result, the exports attained the peak of X pairs. From 2017 to 2020, the growth of the exports failed to regain momentum.

In value terms, ski footwear exports reduced notably to $X in 2020. The total export value increased at an average annual rate of X% over the period from 2012 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2018 when exports increased by X% against the previous year. The exports peaked at $X in 2019, and then reduced dramatically in the following year.

Exports by Country

The United States (X pairs) was the main destination for ski footwear exports from Hong Kong SAR, accounting for a X% share of total exports. Moreover, ski footwear exports to the United States exceeded the volume sent to the second major destination, Germany (X pairs), twofold. The third position in this ranking was taken by Japan (X pairs), with an X% share.

From 2012 to 2020, the average annual growth rate of volume to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and Japan (X% per year).

In value terms, the United States ($X), Germany ($X) and Japan ($X) appeared to be the largest markets for ski footwear exported from Hong Kong SAR worldwide, with a combined X% share of total exports. Canada, China, Austria, Russia and South Korea lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, Russia, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average ski footwear export price stood at $X per pair in 2020, picking up by X% against the previous year. Over the period from 2012 to 2020, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2013 when the average export price increased by X%. As a result, the export price reached the peak level of $X per pair. From 2014 to 2020, the average export prices failed to regain momentum.

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 South Korea ($X per pair), while the average price for exports to the United States ($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 South Korea (X%), while the prices for the other major destinations experienced more modest paces of growth.

Ski Footwear Imports

Imports into Hong Kong SAR, China

After two years of growth, overseas purchases of ski-boots, snowboard boots and cross-country ski footwear decreased by X% to X pairs in 2020. Over the period under review, imports faced a sharp descent. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Imports peaked at X pairs in 2012; however, from 2013 to 2020, imports stood at a somewhat lower figure.

In value terms, ski footwear imports dropped significantly to $X in 2020. Overall, imports continue to indicate a abrupt curtailment. The growth pace was the most rapid in 2015 when imports increased by X% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2020, imports remained at a lower figure.

Imports by Country

In 2020, China (X pairs) was the main supplier of ski footwear to Hong Kong SAR, with a approx. X% share of total imports.

From 2012 to 2020, the average annual growth rate of volume from China totaled X%.

In value terms, China ($X) constituted the largest supplier of ski-boots, snowboard boots and cross-country ski footwear to Hong Kong SAR.

From 2012 to 2020, the average annual growth rate of value from China amounted to X%.

Import Prices by Country

The average ski footwear import price stood at $X per pair in 2020, growing by X% against the previous year. Over the period under review, import price indicated a strong expansion from 2012 to 2020: its price increased at an average annual rate of X% over the last eight years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, ski footwear import price increased by X% against 2013 indices. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. Over the period under review, average import prices attained the peak figure in 2020 and is expected to retain growth in the immediate term.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2020, the rate of growth in terms of prices for China amounted to X% per year.

Source: IndexBox Platform

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