Philippines: Skis Market 2024

Skis Market Size in the Philippines

The Philippine skis market reduced modestly to $X in 2022, falling by X% against the previous year. Overall, consumption continues to indicate a noticeable setback. Over the period under review, the market attained the maximum level at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Skis Production in the Philippines

In value terms, skis production contracted to $X in 2022 estimated in export price. Over the period under review, production recorded a pronounced contraction. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. Skis production peaked at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

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Skis Exports

Exports from the Philippines

In 2022, overseas shipments of skis for winter sports decreased by X% to X pairs, falling for the third year in a row after three years of growth. Overall, exports, however, recorded a noticeable expansion. The pace of growth was the most pronounced in 2014 with an increase of X%. Over the period under review, the exports hit record highs at X pairs in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, skis exports reduced to $X in 2022. Over the period under review, exports, however, recorded a prominent expansion. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

Switzerland (X pairs), Finland (X pairs) and France (X pairs) were the main destinations of skis exports from the Philippines.

From 2012 to 2022, the biggest increases were recorded for Finland (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Switzerland ($X) remains the key foreign market for skis for winter sports exports from the Philippines, comprising X% of total exports. The second position in the ranking was taken by Finland ($X), with a X% share of total exports. It was followed by France, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Switzerland amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Finland (X% per year) and France (X% per year).

Export Prices by Country

The average skis export price stood at $X per pair in 2022, growing by X% against the previous year. Over the period under review, the export price posted a noticeable expansion. The pace of growth appeared the most rapid in 2019 an increase of X%. Over the period under review, the average export prices attained the peak figure in 2022 and is likely to continue growth in the near future.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was France ($X per pair), while the average price for exports to Chile ($X per pair) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (X%), while the prices for the other major destinations experienced more modest paces of growth.

Skis Imports

Imports into the Philippines

In 2022, the amount of skis for winter sports imported into the Philippines skyrocketed to X pairs, growing by X% against 2021. Over the period under review, imports posted strong growth. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, imports reached the maximum in 2022 and are likely to see gradual growth in the immediate term.

In value terms, skis imports skyrocketed to $X in 2022. In general, imports recorded a prominent increase. The growth pace was the most rapid in 2017 with an increase of X%. Imports peaked in 2022 and are likely to continue growth in the immediate term.

Imports by Country

In 2022, the UK (X pairs) was the main skis supplier to the Philippines, accounting for a X% share of total imports. Moreover, skis imports from the UK exceeded the figures recorded by the second-largest supplier, China (X pairs), fourfold.

From 2012 to 2022, the average annual growth rate of volume from the UK amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and the United States (X% per year).

In value terms, the UK ($X), China ($X) and the United States ($X) were the largest skis suppliers to the Philippines, together comprising X% of total imports.

China, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average skis import price amounted to $X per pair, with an increase of X% against the previous year. Overall, import price indicated a noticeable 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. Based on 2022 figures, skis import price increased by X% against 2019 indices. The pace of growth appeared the most rapid in 2017 when the average import price increased by X%. The import price peaked in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per pair), while the price for the UK ($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 prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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