Egypt: Water-Skis And Surfboards Market 2024

Water-Skis And Surfboards Market Size in Egypt

In 2022, the Egyptian water-skis and surfboards market increased by 1.7% to $X, rising for the second consecutive year after two years of decline. Overall, consumption, however, saw a abrupt decline. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Water-Skis And Surfboards Exports

Exports from Egypt

Water-skis and surfboards exports from Egypt soared to X units in 2022, picking up by 1,604% on 2021 figures. In general, exports continue to indicate a resilient expansion. The growth pace was the most rapid in 2019 when exports increased by 4,340%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, water-skis and surfboards exports soared to $X in 2022. Overall, exports, however, saw a relatively flat trend pattern. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

The United Arab Emirates (X units), Kenya (X units) and the United States (X units) were the main destinations of water-skis and surfboards exports from Egypt, with a combined 72% share of total exports. Turkey, Qatar, Lebanon, Mexico and Germany lagged somewhat behind, together comprising a further 23%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Lebanon (with a CAGR of +182.9%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for water-skis and surfboards exported from Egypt were the United Arab Emirates ($X), Kenya ($X) and the United States ($X), together accounting for 72% of total exports.

The United Arab Emirates, with a CAGR of +29.3%, saw the highest growth rate of 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

In 2022, the average water-skis and surfboards export price amounted to $X per unit, reducing by -17.2% against the previous year. Overall, the export price saw a abrupt contraction. The most prominent rate of growth was recorded in 2016 when the average export price increased by 3,688%. As a result, the export price attained the peak level of $X per unit. From 2017 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to Mexico ($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 Germany (+8.7%), while the prices for the other major destinations experienced more modest paces of growth.

Water-Skis And Surfboards Imports

Imports into Egypt

In 2022, purchases abroad of water-skis, surfboards and sailboards increased by 12% to X units, rising for the second consecutive year after two years of decline. Overall, imports, however, recorded a abrupt slump. The pace of growth appeared the most rapid in 2018 with an increase of 142% against the previous year. Over the period under review, imports hit record highs at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, water-skis and surfboards imports rose remarkably to $X in 2022. Over the period under review, imports, however, continue to indicate a abrupt shrinkage. The pace of growth was the most pronounced in 2018 with an increase of 129%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of water-skis and surfboards to Egypt, accounting for a 71% share of total imports. Moreover, water-skis and surfboards imports from China exceeded the figures recorded by the second-largest supplier, Italy (X units), ninefold. Sweden (X units) ranked third in terms of total imports with a 7.1% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +2.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-11.1% per year) and Sweden (-1.2% per year).

In value terms, China ($X) constituted the largest supplier of water-skis, surfboards and sailboards to Egypt, comprising 69% of total imports. The second position in the ranking was taken by Italy ($X), with a 7.4% share of total imports. It was followed by Thailand, with a 7% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +3.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-9.9% per year) and Thailand (+6.6% per year).

Import Prices by Country

The average water-skis and surfboards import price stood at $X per unit in 2022, shrinking by -4.9% against the previous year. Over the last decade, it increased at an average annual rate of +2.1%. The most prominent rate of growth was recorded in 2013 when the average import price increased by 14% against the previous year. Over the period under review, average import prices attained the peak figure at $X per unit in 2021, and then declined slightly 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 Thailand ($X per unit), while the price for the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+14.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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