Croatia: Water-Skis And Surfboards Market 2025

Water-Skis And Surfboards Market Size in Croatia

In 2022, the Croatian water-skis and surfboards market increased by 36% to $X, rising for the second consecutive year after two years of decline. In general, consumption enjoyed a strong increase. Water-skis and surfboards consumption peaked in 2022 and is likely to see steady growth in the near future.

Water-Skis And Surfboards Production in Croatia

In value terms, water-skis and surfboards production surged to $X in 2022 estimated in export price. In general, production saw a prominent expansion. The most prominent rate of growth was recorded in 2014 when the production volume increased by 47% against the previous year. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Water-Skis And Surfboards Exports

Exports from Croatia

In 2022, shipments abroad of water-skis, surfboards and sailboards decreased by -13.9% to X units for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, showed a prominent expansion. The pace of growth was the most pronounced in 2015 with an increase of 105%. Over the period under review, the exports reached the maximum at X units in 2021, and then dropped in the following year.

In value terms, water-skis and surfboards exports contracted sharply to $X in 2022. In general, total exports indicated a perceptible expansion from 2012 to 2022: its value 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. Based on 2022 figures, exports increased by +42.5% against 2017 indices. The pace of growth appeared the most rapid in 2013 with an increase of 40% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2021, and then shrank significantly in the following year.

Exports by Country

Slovenia (X units) was the main destination for water-skis and surfboards exports from Croatia, with a 74% share of total exports. Moreover, water-skis and surfboards exports to Slovenia exceeded the volume sent to the second major destination, Montenegro (X units), more than tenfold. The third position in this ranking was taken by Serbia (X units), with a 5.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Slovenia stood at +40.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Montenegro (+51.3% per year) and Serbia (+17.0% per year).

In value terms, the largest markets for water-skis and surfboards exported from Croatia were Slovenia ($X), France ($X) and the United States ($X), together accounting for 42% of total exports. Montenegro, Bosnia and Herzegovina, Serbia and Austria lagged somewhat behind, together accounting for a further 7.1%.

In terms of the main countries of destination, Montenegro, with a CAGR of +72.9%, recorded the highest rates of growth with regard to the value of exports, 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, reducing by -5.7% against the previous year. Over the period under review, the export price continues to indicate a noticeable decline. The most prominent rate of growth was recorded in 2013 an increase of 62%. As a result, the export price attained the peak level of $X per unit. From 2014 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was France ($X per unit), while the average price for exports to Slovenia ($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 Austria (+33.0%), while the prices for the other major destinations experienced more modest paces of growth.

Water-Skis And Surfboards Imports

Imports into Croatia

In 2022, the amount of water-skis, surfboards and sailboards imported into Croatia soared to X units, increasing by 52% compared with the previous year's figure. Overall, total imports indicated a notable increase from 2012 to 2022: its volume increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +79.4% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, water-skis and surfboards imports skyrocketed to $X in 2022. Over the period under review, imports continue to indicate prominent growth. The most prominent rate of growth was recorded in 2021 with an increase of 66%. Over the period under review, imports reached the maximum in 2022 and are likely to continue growth in years to come.

Imports by Country

In 2022, China (X units) constituted the largest supplier of water-skis and surfboards to Croatia, with a 52% share of total imports. Moreover, water-skis and surfboards imports from China exceeded the figures recorded by the second-largest supplier, Italy (X units), threefold. The third position in this ranking was taken by Slovenia (X units), with a 15% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +1.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+4.9% per year) and Slovenia (+52.4% per year).

In value terms, China ($X), Italy ($X) and Germany ($X) were the largest water-skis and surfboards suppliers to Croatia, together accounting for 77% of total imports. Slovenia and the Netherlands lagged somewhat behind, together accounting for a further 18%.

Slovenia, with a CAGR of +41.8%, 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

The average water-skis and surfboards import price stood at $X per unit in 2022, falling by -15.2% against the previous year. Over the period under review, the import price, however, posted buoyant growth. The pace of growth appeared the most rapid in 2021 when the average import price increased by 41%. As a result, import price reached the peak level of $X per unit, and then declined remarkably in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+24.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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