Bulgaria: Water-Skis And Surfboards Market 2024

Water-Skis And Surfboards Market Size in Bulgaria

The Bulgarian water-skis and surfboards market dropped to $X in 2022, approximately reflecting the previous year. In general, the total consumption indicated a measured expansion from 2012 to 2022: its value 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, consumption increased by +24.5% against 2020 indices. Over the period under review, the market reached the peak level at $X in 2021, and then reduced modestly in the following year.

Water-Skis And Surfboards Production in Bulgaria

In value terms, water-skis and surfboards production dropped to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.1% over the period from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations in certain years. The growth pace was the most rapid in 2013 with an increase of 16% against the previous year. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Water-Skis And Surfboards Exports

Exports from Bulgaria

In 2022, shipments abroad of water-skis, surfboards and sailboards was finally on the rise to reach X units after two years of decline. Overall, total exports indicated perceptible growth from 2012 to 2022: its volume increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 with an increase of 65% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, water-skis and surfboards exports soared to $X in 2022. The total export value increased at an average annual rate of +4.2% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Italy (X units) was the main destination for water-skis and surfboards exports from Bulgaria, with a 77% share of total exports. Moreover, water-skis and surfboards exports to Italy exceeded the volume sent to the second major destination, Spain (X units), more than tenfold. Germany (X units) ranked third in terms of total exports with a 2.4% share.

From 2012 to 2022, the average annual growth rate of volume to Italy stood at +2.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+39.3% per year) and Germany (+1.2% per year).

In value terms, Italy ($X) remains the key foreign market for water-skis, surfboards and sailboards exports from Bulgaria, comprising 71% of total exports. The second position in the ranking was taken by Germany ($X), with a 1.7% share of total exports. It was followed by Spain, with a 1.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Italy totaled +3.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-9.0% per year) and Spain (+7.1% per year).

Export Prices by Country

The average water-skis and surfboards export price stood at $X per unit in 2022, rising by 9.5% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the average export price increased by 20%. Over the period under review, the average export prices reached the peak figure in 2022 and is likely to see gradual growth in the near future.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($X per unit), while the average price for exports to Poland ($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 Italy (+1.5%), while the prices for the other major destinations experienced a decline.

Water-Skis And Surfboards Imports

Imports into Bulgaria

In 2022, approx. X units of water-skis, surfboards and sailboards were imported into Bulgaria; jumping by 100% against the year before. Over the period under review, imports showed strong growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, water-skis and surfboards imports soared to $X in 2022. Overall, imports recorded a remarkable increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X units), Romania (X units) and Germany (X units) were the main suppliers of water-skis and surfboards imports to Bulgaria, together accounting for 65% of total imports. Malaysia, Slovenia, Italy, Austria, France, Turkey and the United States lagged somewhat behind, together comprising a further 27%.

From 2012 to 2022, the biggest increases were recorded for Slovenia (with a CAGR of +91.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Romania ($X) and Germany ($X) appeared to be the largest water-skis and surfboards suppliers to Bulgaria, with a combined 58% share of total imports. Malaysia, Italy, Austria, Slovenia, France, the United States and Turkey lagged somewhat behind, together comprising a further 27%.

Slovenia, with a CAGR of +64.4%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average water-skis and surfboards import price amounted to $X per unit, falling by -12.1% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the average import price increased by 34%. As a result, import price reached the peak level of $X per unit, and then declined in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Austria ($X per unit), while the price for Malaysia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+17.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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