Indonesia: Water-Skis And Surfboards Market 2024

Water-Skis And Surfboards Market Size in Indonesia

The Indonesian water-skis and surfboards market dropped to $X in 2022, with a decrease of -6.1% against the previous year. Overall, the total consumption indicated pronounced growth from 2012 to 2022: its value 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, consumption decreased by -14.6% against 2019 indices. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Water-Skis And Surfboards Production in Indonesia

In value terms, water-skis and surfboards production declined to $X in 2022 estimated in export price. In general, the total production indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +8.3% against 2020 indices. The most prominent rate of growth was recorded in 2016 with an increase of 41%. Water-skis and surfboards production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Water-Skis And Surfboards Exports

Exports from Indonesia

In 2022, after two years of growth, there was significant decline in shipments abroad of water-skis, surfboards and sailboards, when their volume decreased by -37% to X units. In general, exports, however, continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 609% against the previous year. The exports peaked at X units in 2021, and then fell remarkably in the following year.

In value terms, water-skis and surfboards exports surged to $X in 2022. Over the period under review, exports, however, showed a strong expansion. The pace of growth was the most pronounced in 2021 with an increase of 115% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Myanmar (X units) was the main destination for water-skis and surfboards exports from Indonesia, accounting for a 96% share of total exports. It was followed by the United States (X units), with a 1.9% share of total exports. Singapore (X units) ranked third in terms of total exports with a 0.1% share.

From 2012 to 2022, the average annual growth rate of volume to Myanmar stood at +446.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+23.9% per year) and Singapore (-17.5% per year).

In value terms, Myanmar ($X) emerged as the key foreign market for water-skis, surfboards and sailboards exports from Indonesia, comprising 61% of total exports. The second position in the ranking was held by the United States ($X), with a 24% share of total exports. It was followed by Singapore, with a 0.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Myanmar totaled +476.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+16.2% per year) and Singapore (-8.1% per year).

Export Prices by Country

The average water-skis and surfboards export price stood at $X per unit in 2022, surging by 112% against the previous year. Over the period under review, the export price, however, showed a abrupt decline. The most prominent rate of growth was recorded in 2019 an increase of 147%. The export price peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per unit), while the average price for exports to Myanmar ($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 France (+26.8%), while the prices for the other major destinations experienced more modest paces of growth.

Water-Skis And Surfboards Imports

Imports into Indonesia

In 2022, after four years of growth, there was significant decline in purchases abroad of water-skis, surfboards and sailboards, when their volume decreased by -13.6% to X units. In general, imports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2015 with an increase of 155%. Imports peaked at X units in 2021, and then fell in the following year.

In value terms, water-skis and surfboards imports dropped to $X in 2022. Over the period under review, imports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2015 when imports increased by 119% against the previous year. Over the period under review, imports hit record highs at $X in 2021, and then reduced in the following year.

Imports by Country

In 2022, Myanmar (X units) was the main water-skis and surfboards supplier to Indonesia, with a 99.9% share of total imports. It was followed by China (X units), with less than 0.1% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from Myanmar totaled +390,224.8%.

In value terms, Myanmar ($X) constituted the largest supplier of water-skis, surfboards and sailboards to Indonesia, comprising 97% of total imports. The second position in the ranking was taken by China ($X), with a 0.3% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Myanmar totaled +71,807.5%.

Import Prices by Country

In 2022, the average water-skis and surfboards import price amounted to $X per unit, increasing by 1.6% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 an increase of 47%. The import price peaked at $X per unit in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

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 China ($X per unit), while the price for Myanmar amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+47.7%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :