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U.S. Skates Price Shrinks Rapidly to $9.5 per Unit

U.S. Skates Price Shrinks Rapidly to $9.5 per Unit

U.S. Skates Import Price in April 2023

In April 2023, the skates price stood at $9.5 per unit (CIF, US), which is down by -30.1% against the previous month. Over the period under review, the import price recorded a noticeable shrinkage. The most prominent rate of growth was recorded in January 2023 an increase of 46% against the previous month. As a result, import price attained the peak level of $16,819 per thousand units. From February 2023 to April 2023, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In April 2023, the country with the highest price was Vietnam ($10.7 per unit), while the price for Taiwan (Chinese) ($4.0 per unit) was amongst the lowest.

From April 2022 to April 2023, the most notable rate of growth in terms of prices was attained by Vietnam (-0.9%), while the prices for the other major suppliers experienced a decline.



U.S. Skates Imports

In April 2023, supplies from abroad of ice skates and roller skates was finally on the rise to reach 881K units after seven months of decline. Overall, imports, however, recorded a noticeable decrease. Over the period under review, imports attained the maximum at 2.5M units in June 2022; however, from July 2022 to April 2023, imports stood at a somewhat lower figure.

In value terms, skates imports surged to $8.4M (IndexBox estimates) in April 2023. Over the period under review, imports, however, continue to indicate a perceptible reduction. The most prominent rate of growth was recorded in June 2022 with an increase of 25% month-to-month. As a result, imports reached the peak of $20M. From July 2022 to April 2023, the growth of imports remained at a lower figure.

U.S. Skates Imports by Country

In April 2023, China (640K units) constituted the largest skates supplier to the United States, with a 73% share of total imports. Moreover, skates imports from China exceeded the figures recorded by the second-largest supplier, Vietnam (91K units), sevenfold. Thailand (50K units) ranked third in terms of total imports with a 5.7% share.

From April 2022 to April 2023, the average monthly growth rate of volume from China was relatively modest. The remaining supplying countries recorded the following average monthly rates of imports growth: Vietnam (-6.4% per month) and Thailand (+31.0% per month).

In value terms, China ($5.7M) constituted the largest supplier of skates to the United States, comprising 68% of total imports. The second position in the ranking was held by Vietnam ($966K), with a 12% share of total imports. It was followed by Thailand, with a 6% share.

From April 2022 to April 2023, the average monthly growth rate of value from China amounted to -3.5%. The remaining supplying countries recorded the following average monthly rates of imports growth: Vietnam (-7.2% per month) and Thailand (+6.3% per month).

Source: IndexBox Market Intelligence Platform 

The post U.S. Skates Price Shrinks Rapidly to $9.5 per Unit appeared first on Global Trade Magazine.

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