Greece: Water-Skis And Surfboards Market 2024

Water-Skis And Surfboards Market Size in Greece

The Greek water-skis and surfboards market skyrocketed to $X in 2022, rising by 120% 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). Over the period under review, consumption showed a resilient expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Water-Skis And Surfboards Exports

Exports from Greece

For the third year in a row, Greece recorded growth in overseas shipments of water-skis, surfboards and sailboards, which increased by 136% to X units in 2022. Over the period under review, exports saw a significant expansion. The most prominent rate of growth was recorded in 2016 when exports increased by 248%. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in years to come.

In value terms, water-skis and surfboards exports soared to $X in 2022. Overall, exports enjoyed a significant increase. The pace of growth was the most pronounced in 2013 with an increase of 151%. The exports peaked in 2022 and are likely to see gradual growth in the near future.

Exports by Country

Italy (X units) was the main destination for water-skis and surfboards exports from Greece, with a 61% share of total exports. Moreover, water-skis and surfboards exports to Italy exceeded the volume sent to the second major destination, Cyprus (X units), sevenfold. The third position in this ranking was held by Malta (X units), with an 8.9% share.

From 2012 to 2022, the average annual growth rate of volume to Italy totaled +82.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cyprus (+23.6% per year) and Malta (+72.0% per year).

In value terms, the largest markets for water-skis and surfboards exported from Greece were Cyprus ($X), Italy ($X) and the United States ($X), together accounting for 33% of total exports.

Italy, with a CAGR of +66.2%, recorded the highest growth rate of the value of exports, among 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, shrinking by -41.3% against the previous year. Overall, the export price, however, enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2013 when the average export price increased by 142% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Italy ($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 North Macedonia (+16.6%), while the prices for the other major destinations experienced mixed trend patterns.

Water-Skis And Surfboards Imports

Imports into Greece

In 2022, overseas purchases of water-skis, surfboards and sailboards increased by 133% to X units, rising for the second year in a row after two years of decline. Overall, imports saw a prominent increase. As a result, imports reached 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. In general, imports saw prominent growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X units) constituted the largest water-skis and surfboards supplier to Greece, accounting for a 77% share of total imports. Moreover, water-skis and surfboards imports from China exceeded the figures recorded by the second-largest supplier, Austria (X units), more than tenfold. Hong Kong SAR (X units) ranked third in terms of total imports with a 2.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +12.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (+42.7% per year) and Hong Kong SAR (+9.0% per year).

In value terms, China ($X) constituted the largest supplier of water-skis, surfboards and sailboards to Greece, comprising 53% of total imports. The second position in the ranking was held by Austria ($X), with an 18% 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 stood at +15.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (+29.0% per year) and Italy (+9.0% per year).

Import Prices by Country

The average water-skis and surfboards import price stood at $X per unit in 2022, waning by -14.8% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of 29% against the previous year. As a result, import price attained the peak level of $X per unit, and then reduced in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Austria ($X per unit), while the price for Turkey ($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 (+8.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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