Africa: Water-Skis And Surfboards Market 2024

Water-Skis And Surfboards Market Size in Africa

The African water-skis and surfboards market stood at $X in 2022, almost unchanged from the previous year. The total consumption indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -2.5% against 2020 indices. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Water-Skis And Surfboards Production in Africa

In value terms, water-skis and surfboards production expanded to $X in 2022 estimated in export price. The total production indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of +4.5% 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 -2.7% against 2020 indices. The most prominent rate of growth was recorded in 2016 when the production volume increased by 16%. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Water-Skis And Surfboards Exports

Exports in Africa

In 2022, the amount of water-skis, surfboards and sailboards exported in Africa soared to X units, growing by 41% compared with 2021. Over the period under review, exports saw a remarkable increase. The pace of growth appeared the most rapid in 2021 with an increase of 69%. Over the period under review, the exports reached the peak figure in 2022 and are likely to continue growth in years to come.

In value terms, water-skis and surfboards exports skyrocketed to $X in 2022. Overall, exports posted a buoyant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 90%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Exports by Country

South Africa represented the major exporting country with an export of about X units, which amounted to 78% of total exports. It was distantly followed by Mauritius (X units) and Tunisia (X units), together committing a 20% share of total exports.

Exports from South Africa increased at an average annual rate of +9.6% from 2012 to 2022. At the same time, Mauritius (+30.5%) and Tunisia (+8.6%) displayed positive paces of growth. Moreover, Mauritius emerged as the fastest-growing exporter exported in Africa, with a CAGR of +30.5% from 2012-2022. Mauritius (+9.8 p.p.) significantly strengthened its position in terms of the total exports, while South Africa saw its share reduced by -5.5% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) remains the largest water-skis and surfboards supplier in Africa, comprising 71% of total exports. The second position in the ranking was taken by Tunisia ($X), with an 18% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in South Africa amounted to +13.1%. In the other countries, the average annual rates were as follows: Tunisia (+3.2% per year) and Mauritius (+28.1% per year).

Export Prices by Country

In 2022, the export price in Africa amounted to $X per unit, falling by -8% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the export price increased by 19%. Over the period under review, the export prices hit record highs at $X per unit in 2016; however, from 2017 to 2022, the export prices stood at a somewhat 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 Tunisia ($X per unit), while Mauritius ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+3.2%), while the other leaders experienced a decline in the export price figures.

Water-Skis And Surfboards Imports

Imports in Africa

In 2022, imports of water-skis, surfboards and sailboards in Africa totaled X units, surging by 2.6% on the previous year. The total import volume increased at an average annual rate of +3.8% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by 37%. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in years to come.

In value terms, water-skis and surfboards imports totaled $X in 2022. Total imports indicated tangible growth from 2012 to 2022: its value increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +86.2% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 64% against the previous year. The level of import peaked in 2022 and is likely to continue growth in the immediate term.

Imports by Country

In 2022, South Africa (X units), distantly followed by Mauritius (X units), Algeria (X units), Nigeria (X units) and Morocco (X units) represented the main importers of water-skis, surfboards and sailboards, together constituting 75% of total imports. Egypt (X units), Libya (X units), Tunisia (X units) and Mayotte (X units) took a little share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Nigeria (with a CAGR of +24.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest water-skis and surfboards importing markets in Africa were South Africa ($X), Mauritius ($X) and Algeria ($X), together accounting for 66% of total imports. Morocco, Egypt, Mayotte, Tunisia, Libya and Nigeria lagged somewhat behind, together accounting for a further 25%.

Mayotte, with a CAGR of +17.9%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Africa amounted to $X per unit, rising by 10% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of 20%. Over the period under review, import prices hit record highs in 2022 and is likely to see steady growth in the near future.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Mayotte ($X per unit), while Nigeria ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Morocco (+8.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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