Report Update Nov 1, 2024

Cuba - Water-Skis, Surfboards and Sailboards - Market Analysis, Forecast, Size, Trends and Insights

Single report

Sent by email within 24h (Mon-Fri)

$599 Basic Edition

$2095 Professional Edition

What's the difference?

Subscription

Online access and download

from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing

Cuba: Water-Skis And Surfboards Market 2022

Water-Skis And Surfboards Market Size in Cuba

In 2021, the Cuban water-skis and surfboards market increased by 0.9% to $X, rising for the fourth year in a row after two years of decline. Over the period under review, consumption recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market remained at a lower figure.

Water-Skis And Surfboards Exports

Exports from Cuba

In 2021, water-skis and surfboards exports from Cuba stood at X units, leveling off at the previous year's figure. Overall, exports recorded significant growth. The growth pace was the most rapid in 2014 with an increase of 347%. Over the period under review, the exports attained the maximum at X units in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, water-skis and surfboards exports totaled $X in 2021. Over the period under review, exports posted a significant increase. The growth pace was the most rapid in 2014 when exports increased by 323%. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Costa Rica (X units) was the main destination for water-skis and surfboards exports from Cuba, with a 96% share of total exports. Moreover, water-skis and surfboards exports to Costa Rica exceeded the volume sent to the second major destination, Ukraine (X units), more than tenfold.

From 2013 to 2021, the average annual growth rate of volume to Costa Rica was relatively modest.

In value terms, the largest markets for water-skis and surfboards exported from Cuba were Costa Rica ($X) and Ukraine ($X).

Costa Rica, with a CAGR of 0.0%, 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.

Export Prices by Country

In 2021, the average water-skis and surfboards export price amounted to $X per unit, remaining constant against the previous year. Over the period under review, the export price showed a buoyant expansion. The most prominent rate of growth was recorded in 2015 an increase of 38%. Over the period under review, the average export prices reached the peak figure at $X per unit in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Ukraine ($X per unit), while the average price for exports to Costa Rica stood at $X per unit.

From 2013 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Chile (0.0%), while the prices for the other major destinations experienced more modest paces of growth.

Water-Skis And Surfboards Imports

Imports into Cuba

In 2021, the amount of water-skis, surfboards and sailboards imported into Cuba declined modestly to X units, shrinking by -4.8% compared with the previous year's figure. In general, imports showed a noticeable decrease. The most prominent rate of growth was recorded in 2013 with an increase of 336%. As a result, imports attained the peak of X units. From 2014 to 2021, the growth of imports remained at a lower figure.

In value terms, water-skis and surfboards imports expanded sharply to $X in 2021. Over the period under review, imports, however, continue to indicate a measured increase. The growth pace was the most rapid in 2015 with an increase of 199% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Germany (X units) constituted the largest supplier of water-skis and surfboards to Cuba, accounting for a 70% share of total imports. Moreover, water-skis and surfboards imports from Germany exceeded the figures recorded by the second-largest supplier, China (X units), fourfold. Italy (X units) ranked third in terms of total imports with a 7.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany amounted to +45.9%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-13.0% per year) and Italy (-19.2% per year).

In value terms, the largest water-skis and surfboards suppliers to Cuba were Germany ($X), Italy ($X) and Spain ($X), with a combined 92% share of total imports. Mexico and China lagged somewhat behind, together comprising a further 7.3%.

In terms of the main suppliers, Mexico, with a CAGR of +51.8%, recorded the highest rates of growth with regard to the value of imports, 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 2021, picking up by 12% against the previous year. In general, the import price continues to indicate a notable increase. The growth pace was the most rapid in 2017 when the average import price increased by 109%. The import price peaked at $X per unit in 2019; however, from 2020 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Spain ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (+15.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for water-skis, surfboards and sailboards in the world?

The country with the largest volume of water-skis and surfboards consumption was China, comprising approx. 29% of total volume. Moreover, water-skis and surfboards consumption in China exceeded the figures recorded by the second-largest consumer, India, threefold. The third position in this ranking was occupied by the United States, with an 8.3% share.

What are the largest producers of water-skis, surfboards and sailboards in the world?

China remains the largest water-skis and surfboards producing country worldwide, accounting for 62% of total volume. Moreover, water-skis and surfboards production in China exceeded the figures recorded by the second-largest producer, India, tenfold. The third position in this ranking was occupied by the United States, with a 5.9% share.

What are the leading suppliers of water-skis, surfboards and sailboards to Cuba?

In value terms, Germany constituted the largest supplier of water-skis and surfboards to Cuba, comprising 48% of total imports. The second position in the ranking was occupied by Spain, with a 20% share of total imports. It was followed by Panama, with a 15% share.

What is the average export price for water-skis, surfboards and sailboards in Cuba?

The average water-skis and surfboards export price stood at $13 per unit in 2021, almost unchanged from the previous year.

What is the average import price for water-skis, surfboards and sailboards in Cuba?

The average water-skis and surfboards import price stood at $4.3 per unit in 2021, which is down by -2.6% against the previous year.

This report provides an in-depth analysis of the water-skis and surfboards market in Cuba. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 32301300 - Water-skis, surfboards, sailboards and other water-sport equipment

Country coverage:

Cuba

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Cuba
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023