Central Asia: Water-Skis And Surfboards Market 2024

Water-Skis And Surfboards Market Size in Central Asia

In 2022, the Central Asian water-skis and surfboards market increased by 1.3% to $X, rising for the fourth year in a row after two years of decline. The market value increased at an average annual rate of +2.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked in 2022 and is expected to retain growth in the near future.

Water-Skis And Surfboards Production in Central Asia

In value terms, water-skis and surfboards production reached $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.0% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 when the production volume increased by 22%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Water-Skis And Surfboards Exports

Exports in Central Asia

In 2022, approx. X units of water-skis, surfboards and sailboards were exported in Central Asia; jumping by 4,647% against the previous year's figure. Over the period under review, exports recorded a significant increase. The growth pace was the most rapid in 2016 when exports increased by 6,019%. Over the period under review, the exports attained the peak figure in 2022 and are likely to see steady growth in years to come.

In value terms, water-skis and surfboards exports skyrocketed to $X in 2022. Overall, exports showed a significant expansion. The pace of growth appeared the most rapid in 2016 when exports increased by 5,556%. Over the period under review, the exports attained the maximum in 2022 and are likely to continue growth in years to come.

Exports by Country

The biggest shipments were from Kazakhstan (X units), together resulting at 100% of total export.

Kazakhstan was also the fastest-growing in terms of the water-skis, surfboards and sailboards exports, with a CAGR of +71.0% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Kazakhstan ($X) also remains the largest water-skis and surfboards supplier in Central Asia.

In Kazakhstan, water-skis and surfboards exports increased at an average annual rate of +39.1% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Central Asia amounted to $X per unit, dropping by -59.2% against the previous year. Over the period under review, the export price continues to indicate a precipitous descent. The most prominent rate of growth was recorded in 2019 when the export price increased by 362% against the previous year. The level of export peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Kazakhstan.

From 2012 to 2022, the rate of growth in terms of prices for Kazakhstan amounted to -18.6% per year.

Water-Skis And Surfboards Imports

Imports in Central Asia

In 2022, after five years of growth, there was significant decline in supplies from abroad of water-skis, surfboards and sailboards, when their volume decreased by -29.3% to X units. Over the period under review, imports, however, recorded a strong expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 118% against the previous year. Over the period under review, imports reached the peak figure at X units in 2021, and then contracted notably in the following year.

In value terms, water-skis and surfboards imports soared to $X in 2022. Overall, imports, however, recorded a strong increase. The pace of growth was the most pronounced in 2020 when imports increased by 111%. The level of import peaked in 2022 and is likely to see gradual growth in years to come.

Imports by Country

Kazakhstan dominates imports structure, finishing at X units, which was approx. 94% of total imports in 2022. Uzbekistan (X units) took a little share of total imports.

From 2012 to 2022, average annual rates of growth with regard to water-skis and surfboards imports into Kazakhstan stood at +20.2%. At the same time, Uzbekistan (+29.6%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing importer imported in Central Asia, with a CAGR of +29.6% from 2012-2022. Kazakhstan (+6.1 p.p.) and Uzbekistan (+4 p.p.) significantly strengthened its position in terms of the total imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Kazakhstan ($X) constitutes the largest market for imported water-skis, surfboards and sailboards in Central Asia, comprising 91% of total imports. The second position in the ranking was held by Uzbekistan ($X), with a 6.3% share of total imports.

In Kazakhstan, water-skis and surfboards imports expanded at an average annual rate of +16.6% over the period from 2012-2022.

Import Prices by Country

The import price in Central Asia stood at $X per unit in 2022, picking up by 101% against the previous year. Over the period under review, the import price, however, showed a perceptible curtailment. The level of import peaked at $X per unit in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Uzbekistan ($X per unit), while Kazakhstan stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kazakhstan (-3.0%).

Source: IndexBox Platform

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