Canada: Water-Skis And Surfboards Market 2024

Water-Skis And Surfboards Market Size in Canada

After three years of growth, the Canadian water-skis and surfboards market decreased by -3.5% to $X in 2022. In general, consumption recorded prominent growth. As a result, consumption reached the peak level of $X, and then declined in the following year.

Water-Skis And Surfboards Production in Canada

In value terms, water-skis and surfboards production expanded rapidly to $X in 2022 estimated in export price. Over the period under review, production recorded a pronounced increase. The growth pace was the most rapid in 2014 when the production volume increased by 143%. Water-skis and surfboards production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Water-Skis And Surfboards Exports

Exports from Canada

Water-skis and surfboards exports from Canada skyrocketed to X units in 2022, jumping by 72% against the year before. In general, exports enjoyed a resilient increase. The pace of growth was the most pronounced in 2013 with an increase of 115%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, water-skis and surfboards exports surged to $X in 2022. Overall, exports posted a prominent expansion. The growth pace was the most rapid in 2013 when exports increased by 115% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

The United States (X units) was the main destination for water-skis and surfboards exports from Canada, with a 86% share of total exports. It was followed by Mexico (X units), with a 2.4% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to the United States stood at +16.0%.

In value terms, the United States ($X) remains the key foreign market for water-skis, surfboards and sailboards exports from Canada, comprising 86% of total exports. The second position in the ranking was held by Mexico ($X), with a 2.4% share of total exports.

From 2012 to 2022, the average annual growth rate of value to the United States stood at +18.8%.

Export Prices by Country

In 2022, the average water-skis and surfboards export price amounted to $X per unit, shrinking by -15.9% against the previous year. Over the period under review, export price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 an increase of 25% against the previous year. The export price peaked at $X per unit in 2021, and then fell significantly in the following year.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Mexico stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+3.1%).

Water-Skis And Surfboards Imports

Imports into Canada

In 2022, imports of water-skis, surfboards and sailboards into Canada reduced slightly to X units, therefore, remained relatively stable against 2021 figures. In general, imports, however, saw a prominent increase. The pace of growth was the most pronounced in 2021 with an increase of 117%. As a result, imports reached the peak of X units, and then shrank in the following year.

In value terms, water-skis and surfboards imports fell to $X in 2022. Overall, imports, however, saw a buoyant increase. The growth pace was the most rapid in 2021 when imports increased by 142%. As a result, imports reached the peak of $X, and then declined slightly in the following year.

Imports by Country

In 2022, China (X units) constituted the largest water-skis and surfboards supplier to Canada, accounting for a 82% share of total imports. Moreover, water-skis and surfboards imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), more than tenfold. Taiwan (Chinese) (X units) ranked third in terms of total imports with a 2.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +16.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+3.4% per year) and Taiwan (Chinese) (+9.1% per year).

In value terms, China ($X) constituted the largest supplier of water-skis, surfboards and sailboards to Canada, comprising 81% of total imports. The second position in the ranking was held by the United States ($X), with a 7.4% share of total imports. It was followed by Thailand, with a 2.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +17.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+4.3% per year) and Thailand (-6.2% per year).

Import Prices by Country

The average water-skis and surfboards import price stood at $X per unit in 2022, reducing by -3.8% against the previous year. Over the last decade, it increased at an average annual rate of +1.0%. The pace of growth was the most pronounced in 2021 an increase of 11%. As a result, import price reached the peak level of $X per unit, and then fell modestly in the following year.

Average prices varied somewhat 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 Taiwan (Chinese) ($X per unit) and the United States ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+3.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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