Australia: Water-Skis And Surfboards Market 2024

Water-Skis And Surfboards Market Size in Australia

In 2022, the Australian water-skis and surfboards market increased by 0.4% to $X, rising for the third year in a row after two years of decline. In general, the total consumption indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +66.6% against 2019 indices. Water-skis and surfboards consumption peaked at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Water-Skis And Surfboards Production in Australia

In value terms, water-skis and surfboards production expanded markedly to $X in 2022 estimated in export price. Over the period under review, production posted a resilient expansion. The growth pace was the most rapid in 2020 with an increase of 43%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Water-Skis And Surfboards Exports

Exports from Australia

In 2022, water-skis and surfboards exports from Australia dropped to X units, which is down by -11.3% on the year before. Overall, exports, however, showed a prominent increase. The most prominent rate of growth was recorded in 2021 when exports increased by 93%. As a result, the exports reached the peak of X units, and then declined in the following year.

In value terms, water-skis and surfboards exports declined slightly to $X in 2022. In general, exports, however, saw resilient growth. The pace of growth appeared the most rapid in 2021 with an increase of 55% against the previous year. As a result, the exports reached the peak of $X, and then shrank in the following year.

Exports by Country

The United States (X units) was the main destination for water-skis and surfboards exports from Australia, accounting for a 35% share of total exports. Moreover, water-skis and surfboards exports to the United States exceeded the volume sent to the second major destination, Japan (X units), twofold. The Netherlands (X units) ranked third in terms of total exports with a 15% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States amounted to +14.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+7.4% per year) and the Netherlands (+79.3% per year).

In value terms, the United States ($X) remains the key foreign market for water-skis, surfboards and sailboards exports from Australia, comprising 34% of total exports. The second position in the ranking was taken by Japan ($X), with a 16% share of total exports. It was followed by the Netherlands, with a 15% share.

From 2012 to 2022, the average annual growth rate of value to the United States totaled +19.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+3.9% per year) and the Netherlands (+75.9% per year).

Export Prices by Country

In 2022, the average water-skis and surfboards export price amounted to $X per unit, surging by 12% against the previous year. Over the last decade, it increased at an average annual rate of +2.0%. The pace of growth was the most pronounced in 2020 an increase of 23%. As a result, the export price reached the peak level of $X per unit. From 2021 to 2022, the average export prices failed to regain momentum.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Italy ($X per unit) and France ($X per unit), while the average price for exports to the UK ($X per unit) and the Netherlands ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+13.6%), while the prices for the other major destinations experienced more modest paces of growth.

Water-Skis And Surfboards Imports

Imports into Australia

In 2022, purchases abroad of water-skis, surfboards and sailboards decreased by -0.5% to X units for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when imports increased by 75%. Imports peaked at X units in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, water-skis and surfboards imports dropped modestly to $X in 2022. In general, imports, however, recorded a buoyant increase. The pace of growth was the most pronounced in 2021 when imports increased by 77%. As a result, imports attained the peak of $X, and then declined in the following year.

Imports by Country

In 2022, China (X units) constituted the largest water-skis and surfboards supplier to Australia, with a 73% share of total imports. Moreover, water-skis and surfboards imports from China exceeded the figures recorded by the second-largest supplier, Thailand (X units), ninefold. The third position in this ranking was held by Taiwan (Chinese) (X units), with a 4.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +1.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+1.6% per year) and Taiwan (Chinese) (-5.8% per year).

In value terms, China ($X) constituted the largest supplier of water-skis, surfboards and sailboards to Australia, comprising 73% of total imports. The second position in the ranking was taken by Thailand ($X), with an 8.8% share of total imports. It was followed by Taiwan (Chinese), with a 4.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +11.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+1.4% per year) and Taiwan (Chinese) (-1.2% per year).

Import Prices by Country

In 2022, the average water-skis and surfboards import price amounted to $X per unit, which is down by -3.4% against the previous year. Over the period under review, the import price, however, saw a strong expansion. The pace of growth appeared the most rapid in 2018 an increase of 148%. Over the period under review, average import prices hit record highs at $X per unit in 2021, and then reduced in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Thailand ($X per unit) and China ($X per unit), while the price for Malaysia ($X per unit) and Italy ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+13.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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