Singapore: Ski Footwear Market 2024

Ski Footwear Market Size in Singapore

In 2020, the Singaporean ski footwear market increased by X% to $X, rising for the second year in a row after two years of decline. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. Ski footwear consumption peaked at $X in 2016; however, from 2017 to 2020, consumption remained at a lower figure.

Ski Footwear Production in Singapore

In value terms, ski footwear production rose modestly to $X in 2020 estimated in export price. Over the period under review, production, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of X%. Ski footwear production peaked at $X in 2016; however, from 2017 to 2020, production remained at a lower figure.

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Ski Footwear Exports

Exports from Singapore

In 2020, ski footwear exports from Singapore fell notably to X pairs, with a decrease of X% compared with the previous year's figure. Overall, exports recorded a significant curtailment. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X pairs in 2016; however, from 2017 to 2020, the exports remained at a lower figure.

In value terms, ski footwear exports contracted sharply to $X in 2020. In general, exports showed a dramatic decline. The growth pace was the most rapid in 2016 with an increase of X%. As a result, the exports attained the peak of $X. From 2017 to 2020, the growth of the exports remained at a lower figure.

Exports by Country

Malaysia (X pairs), Indonesia (X pairs) and Australia (X pairs) were the main destinations of ski footwear exports from Singapore, together accounting for X% of total exports.

From 2012 to 2020, the biggest increases were recorded for Australia (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X), Malaysia ($X) and Australia ($X) were the largest markets for ski footwear exported from Singapore worldwide, together comprising X% of total exports.

In terms of the main countries of destination, Australia, with a CAGR of X%, recorded 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

In 2020, the average ski footwear export price amounted to $X per pair, surging by X% against the previous year. Over the period under review, export price indicated a perceptible 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 export price increased by X% against 2017 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per pair), while the average price for exports to Australia ($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 the Philippines (X%), while the prices for the other major destinations experienced more modest paces of growth.

Ski Footwear Imports

Imports into Singapore

Ski footwear imports into Singapore dropped significantly to X pairs in 2020, waning by X% compared with 2019. Over the period under review, imports saw a pronounced slump. The most prominent rate of growth was recorded in 2019 when imports increased by X%. As a result, imports reached the peak of X pairs, and then contracted sharply in the following year.

In value terms, ski footwear imports declined remarkably to $X in 2020. Overall, imports saw a deep setback. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. Imports peaked at $X in 2016; however, from 2017 to 2020, imports remained at a lower figure.

Imports by Country

In 2020, China (X pairs) was the main supplier of ski footwear to Singapore, accounting for a X% share of total imports. It was followed by India (X pairs), with a X% share of total imports. Malaysia (X pairs) ranked third in terms of total imports with a X% share.

From 2012 to 2020, the average annual growth rate of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and Malaysia (X% per year).

In value terms, China ($X) constituted the largest supplier of ski-boots, snowboard boots and cross-country ski footwear to Singapore, comprising X% of total imports. The second position in the ranking was held by India ($X), with a X% share of total imports. It was followed by Malaysia, with a X% share.

From 2012 to 2020, the average annual growth rate of value from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and Malaysia (X% per year).

Import Prices by Country

The average ski footwear import price stood at $X per pair in 2020, with a decrease of X% against the previous year. Over the period under review, the import price continues to indicate a pronounced contraction. The most prominent rate of growth was recorded in 2013 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 2015; however, from 2016 to 2020, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, amid the top importers, the country with the highest price was the UK ($X per pair), while the price for China ($X per pair) was amongst the lowest.

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 more modest paces of growth.

Source: IndexBox Platform

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