Brazil: Water-Skis And Surfboards Market 2024

Water-Skis And Surfboards Market Size in Brazil

In 2022, the Brazilian water-skis and surfboards market increased by 7.2% to $X, rising for the second consecutive year after two years of decline. Overall, consumption showed a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Water-Skis And Surfboards Exports

Exports from Brazil

In 2022, shipments abroad of water-skis, surfboards and sailboards increased by 17% to X units, rising for the fourth consecutive year after two years of decline. In general, exports recorded a significant expansion. The pace of growth was the most pronounced in 2015 when exports increased by 104% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to see gradual growth in years to come.

In value terms, water-skis and surfboards exports skyrocketed to $X in 2022. Over the period under review, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2016 with an increase of 102%. Over the period under review, the exports reached the maximum in 2022 and are likely to see steady growth in years to come.

Exports by Country

Argentina (X units) was the main destination for water-skis and surfboards exports from Brazil, with a 36% share of total exports. Moreover, water-skis and surfboards exports to Argentina exceeded the volume sent to the second major destination, Portugal (X units), twofold. The United States (X units) ranked third in terms of total exports with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Argentina totaled +37.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Portugal (+22.1% per year) and the United States (+15.4% per year).

In value terms, Argentina ($X), Chile ($X) and the United States ($X) constituted the largest markets for water-skis and surfboards exported from Brazil worldwide, with a combined 44% share of total exports. Portugal, Costa Rica, Uruguay, Japan, Indonesia and Paraguay lagged somewhat behind, together comprising a further 34%.

Costa Rica, with a CAGR of +44.0%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average water-skis and surfboards export price amounted to $X per unit, flattening at the previous year. Overall, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the average export price increased by 53% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2017 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Chile ($X per unit), while the average price for exports to Indonesia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Costa Rica (+3.7%), while the prices for the other major destinations experienced more modest paces of growth.

Water-Skis And Surfboards Imports

Imports into Brazil

In 2022, the amount of water-skis, surfboards and sailboards imported into Brazil declined to X units, waning by -3.8% against 2021. In general, imports recorded a mild decline. The most prominent rate of growth was recorded in 2021 when imports increased by 61% against the previous year. Imports peaked at X units in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, water-skis and surfboards imports soared to $X in 2022. Over the period under review, imports, however, saw a pronounced increase. The pace of growth was the most pronounced in 2021 when imports increased by 80% against the previous year. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest water-skis and surfboards supplier to Brazil, with a 83% share of total imports. Moreover, water-skis and surfboards imports from China exceeded the figures recorded by the second-largest supplier, Italy (X units), more than tenfold. The third position in this ranking was held by Taiwan (Chinese) (X units), with a 3.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-2.4% per year) and Taiwan (Chinese) (-7.6% per year).

In value terms, China ($X) constituted the largest supplier of water-skis, surfboards and sailboards to Brazil, comprising 60% of total imports. The second position in the ranking was taken by Sri Lanka ($X), with a 20% share of total imports. It was followed by Taiwan (Chinese), with a 3.4% share.

From 2012 to 2022, the average annual growth rate of value from China totaled +3.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Sri Lanka (+77.9% per year) and Taiwan (Chinese) (-3.6% per year).

Import Prices by Country

In 2022, the average water-skis and surfboards import price amounted to $X per unit, increasing by 21% against the previous year. Overall, import price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, water-skis and surfboards import price increased by +80.0% against 2017 indices. The most prominent rate of growth was recorded in 2019 when the average import price increased by 21%. Over the period under review, average import prices reached the maximum in 2022 and is likely to continue growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Sri Lanka ($X per unit), while the price for Malaysia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+10.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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