Knitted Ski-Suit Market

The article analyzes the global market for knitted or crocheted ski-suits, forecasting a positive trend in consumption and market value from 2022 to 2030. The market saw fluctuations in consumption volume and value over the years, with countries like Italy, the Czech Republic, and China leading in both consumption and production. Import and export trends also showed significant growth, with varying average prices per unit. Overall, the market is expected to continue its upward trajectory in the coming years.

Market Forecast

Driven by increasing demand for ski-suits of knitted or crocheted textiles worldwide, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to accelerate, expanding with an anticipated CAGR of +4.3% for the period from 2022 to 2030, which is projected to bring the market volume to 5.8M units by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +5.4% for the period from 2022 to 2030, which is projected to bring the market value to $230M (in nominal prices) by the end of 2030.

Consumption

World Consumption of Ski-Suits Of Knitted Or Crocheted Textiles

In 2022, global consumption of ski-suits of knitted or crocheted textiles contracted to 4.1M units, with a decrease of -8.9% against the year before. The total consumption volume increased at an average annual rate of +1.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, global consumption reached the peak volume at 5.4M units in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

The global knitted ski-suit market size shrank remarkably to $151M in 2022, which is down by -61.2% against 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). Overall, consumption showed a pronounced contraction. Global consumption peaked at $2B in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Consumption By Country

The countries with the highest volumes of consumption in 2022 were Italy (611K units), the Czech Republic (491K units) and China (465K units), with a combined 38% share of global consumption. The United States, Bangladesh, Thailand, Germany, the Dominican Republic, France, Swaziland, Turkey, Tunisia and Austria lagged somewhat behind, together accounting for a further 45%.

From 2012 to 2022, the biggest increases were recorded for Thailand (with a CAGR of +41.2%), while consumption for the other global leaders experienced more modest paces of growth.

In value terms, the Czech Republic ($20M), Italy ($19M) and Thailand ($18M) constituted the countries with the highest levels of market value in 2022, together accounting for 38% of the global market.

Among the main consuming countries, Thailand, with a CAGR of +34.2%, recorded the highest rates of growth with regard to market size over the period under review, while market for the other global leaders experienced more modest paces of growth.

The countries with the highest levels of knitted ski-suit per capita consumption in 2022 were Swaziland (66 units per 1000 persons), the Czech Republic (46 units per 1000 persons) and the Dominican Republic (18 units per 1000 persons).

From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the leading consuming countries, was attained by Thailand (with a CAGR of +40.7%), while consumption for the other global leaders experienced more modest paces of growth.

Production

World Production of Ski-Suits Of Knitted Or Crocheted Textiles

Global knitted ski-suit production rose slightly to 3.6M units in 2022, surging by 1.7% against the year before. The total output volume increased at an average annual rate of +1.1% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The pace of growth was the most pronounced in 2020 with an increase of 10%. As a result, production reached the peak volume of 3.6M units; afterwards, it flattened through to 2022.

In value terms, knitted ski-suit production totaled $88M in 2022 estimated in export price. In general, the total production indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -1.3% against 2020 indices. The most prominent rate of growth was recorded in 2018 when the production volume increased by 17% against the previous year. Over the period under review, global production hit record highs at $89M in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Production By Country

The countries with the highest volumes of production in 2022 were China (702K units), Italy (537K units) and Myanmar (496K units), with a combined 48% share of global production. The Czech Republic, Bangladesh, Germany, Swaziland, Tunisia, Turkey, Pakistan and Hungary lagged somewhat behind, together accounting for a further 41%.

From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of +348.3%), while production for the other global leaders experienced more modest paces of growth.

Imports

World Imports of Ski-Suits Of Knitted Or Crocheted Textiles

In 2022, overseas purchases of ski-suits of knitted or crocheted textiles increased by 1.1% to 2M units, rising for the third consecutive year after two years of decline. Over the period under review, imports recorded prominent growth. The growth pace was the most rapid in 2014 when imports increased by 115% against the previous year. Global imports peaked at 3.4M units in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, knitted ski-suit imports dropped to $27M in 2022. In general, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 31% against the previous year. As a result, imports attained the peak of $42M. From 2015 to 2022, the growth of global imports remained at a somewhat lower figure.

Imports By Country

The purchases of the three major importers of ski-suits of knitted or crocheted textiles, namely the United States, Thailand and the Dominican Republic, represented more than third of total import. France (123K units) ranks next in terms of the total imports with a 6.3% share, followed by Italy (6.2%) and Germany (6%). The following importers - Austria (72K units), Denmark (68K units), the Netherlands (63K units), Poland (56K units), Romania (50K units), Chile (32K units) and the United Arab Emirates (30K units) - together made up 19% of total imports.

From 2012 to 2022, the biggest increases were recorded for Thailand (with a CAGR of +119.5%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, Italy ($4.3M), the United States ($3.2M) and Austria ($2.6M) constituted the countries with the highest levels of imports in 2022, with a combined 37% share of global imports. Germany, the Netherlands, France, Denmark, Poland, the Dominican Republic, Romania, Chile, Thailand and the United Arab Emirates lagged somewhat behind, together comprising a further 27%.

The Netherlands, with a CAGR of +35.5%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices By Country

In 2022, the average knitted ski-suit import price amounted to $14 per unit, waning by -1.8% against the previous year. Over the period under review, the import price saw a abrupt descent. The pace of growth appeared the most rapid in 2016 an increase of 81%. Over the period under review, average import prices hit record highs at $30 per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Italy ($36 per unit), while Thailand ($0.7 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+2.9%), while the other global leaders experienced mixed trends in the import price figures.

Exports

World Exports of Ski-Suits Of Knitted Or Crocheted Textiles

In 2022, overseas shipments of ski-suits of knitted or crocheted textiles increased by 52% to 1.4M units, rising for the third consecutive year after three years of decline. Overall, exports recorded a prominent increase. Over the period under review, the global exports attained the maximum at 1.6M units in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, knitted ski-suit exports surged to $24M in 2022. Over the period under review, total exports indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +58.7% against 2020 indices. Over the period under review, the global exports attained the maximum at $35M in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

Exports By Country

In 2022, Myanmar (475K units) represented the largest exporter of ski-suits of knitted or crocheted textiles, comprising 33% of total exports. China (238K units) took the second position in the ranking, distantly followed by Pakistan (88K units) and the Netherlands (66K units). All these countries together held approx. 27% share of total exports. The United States (57K units), Swaziland (55K units), Poland (54K units), Italy (46K units), Portugal (42K units), Germany (42K units), Tunisia (40K units), Hungary (35K units) and France (31K units) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Myanmar (with a CAGR of +59.4%), while the other global leaders experienced more modest paces of growth.

In value terms, China ($6.7M) remains the largest knitted ski-suit supplier worldwide, comprising 28% of global exports. The second position in the ranking was taken by the Netherlands ($3.1M), with a 13% share of global exports. It was followed by Myanmar, with an 11% share.

In China, knitted ski-suit exports expanded at an average annual rate of +18.7% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: the Netherlands (+29.0% per year) and Myanmar (+47.8% per year).

Export Prices By Country

The average knitted ski-suit export price stood at $17 per unit in 2022, waning by -10.9% against the previous year. Overall, the export price saw a drastic downturn. The most prominent rate of growth was recorded in 2017 an increase of 27% against the previous year. Over the period under review, the average export prices reached the peak figure at $32 per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($47 per unit), while Swaziland ($3.4 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+12.1%), while the other global leaders experienced a decline in the export price figures.

Source: IndexBox Market Intelligence Platform