Colombia: Water-Skis And Surfboards Market 2024

Water-Skis And Surfboards Market Size in Colombia

The Colombian water-skis and surfboards market shrank markedly to $X in 2022, with a decrease of -15.9% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, posted a strong increase. Water-skis and surfboards consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Water-Skis And Surfboards Exports

Exports from Colombia

Water-skis and surfboards exports from Colombia skyrocketed to X units in 2022, increasing by 113% against the previous year. In general, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when exports increased by 419% against the previous year. As a result, the exports attained the peak of X units. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, water-skis and surfboards exports surged to $X in 2022. Overall, exports enjoyed a resilient increase. The most prominent rate of growth was recorded in 2019 when exports increased by 753% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Venezuela (X units), the Netherlands (X units) and Ecuador (X units) were the main destinations of water-skis and surfboards exports from Colombia, with a combined 56% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Ecuador (with a CAGR of +70.8%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for water-skis and surfboards exported from Colombia were the Netherlands ($X), Ecuador ($X) and Chile ($X), with a combined 74% share of total exports.

Ecuador, with a CAGR of +72.1%, recorded the highest rates of growth with regard to the value of exports, in terms of 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

The average water-skis and surfboards export price stood at $X per unit in 2022, surging by 12% against the previous year. In general, the export price saw resilient growth. The pace of growth appeared the most rapid in 2017 an increase of 104%. The export price peaked in 2022 and is likely to see steady growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per unit), while the average price for exports to Venezuela ($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 Australia (+19.5%), while the prices for the other major destinations experienced more modest paces of growth.

Water-Skis And Surfboards Imports

Imports into Colombia

In 2022, the amount of water-skis, surfboards and sailboards imported into Colombia contracted to X units, falling by -11.2% compared with 2021. Overall, imports, however, enjoyed a notable increase. The growth pace was the most rapid in 2016 with an increase of 101% against the previous year. Over the period under review, imports reached the maximum at X units in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, water-skis and surfboards imports fell remarkably to $X in 2022. Over the period under review, imports, however, enjoyed buoyant growth. The growth pace was the most rapid in 2016 with an increase of 113%. Imports peaked at $X in 2021, and then fell sharply in the following year.

Imports by Country

In 2022, China (X units) constituted the largest water-skis and surfboards supplier to Colombia, with a 89% share of total imports. It was followed by the United States (X units), with a 2.6% share of total imports. The third position in this ranking was held by Italy (X units), with a 1.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +5.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+4.7% per year) and Italy (+6.8% per year).

In value terms, China ($X) constituted the largest supplier of water-skis, surfboards and sailboards to Colombia, comprising 74% of total imports. The second position in the ranking was taken by the United States ($X), with a 7.1% share of total imports. It was followed by Italy, with a 3.6% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to +22.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+7.9% per year) and Italy (+14.9% per year).

Import Prices by Country

In 2022, the average water-skis and surfboards import price amounted to $X per unit, dropping by -6.5% against the previous year. Over the period under review, the import price, however, continues to indicate strong growth. The pace of growth appeared the most rapid in 2015 when the average import price increased by 48%. The import price peaked at $X per unit in 2021, and then contracted 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 the United States ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+16.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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