Ireland: Water-Skis And Surfboards Market 2024

Water-Skis And Surfboards Market Size in Ireland

In 2022, the Irish water-skis and surfboards market decreased by -7.1% to $X for the first time since 2016, thus ending a five-year rising trend. Over the period under review, consumption showed a strong increase. As a result, consumption reached the peak level of $X, and then contracted in the following year.

Water-Skis And Surfboards Exports

Exports from Ireland

In 2022, the amount of water-skis, surfboards and sailboards exported from Ireland surged to X units, with an increase of 215% on the previous year. In general, exports posted resilient growth. The most prominent rate of growth was recorded in 2021 when exports increased by 328% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, water-skis and surfboards exports surged to $X in 2022. Overall, exports saw a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 466% against the previous year. The exports peaked in 2022 and are likely to see steady growth in years to come.

Exports by Country

The UK (X units) was the main destination for water-skis and surfboards exports from Ireland, accounting for a 45% share of total exports. Moreover, water-skis and surfboards exports to the UK exceeded the volume sent to the second major destination, France (X units), twofold. Poland (X units) ranked third in terms of total exports with a 5.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the UK stood at +14.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+110.9% per year) and Poland (0.0% per year).

In value terms, the UK ($X), France ($X) and Poland ($X) appeared to be the largest markets for water-skis and surfboards exported from Ireland worldwide, together accounting for 76% of total exports. Germany, Spain and the United States lagged somewhat behind, together comprising a further 6%.

In terms of the main countries of destination, Germany, with a CAGR of +80.7%, recorded the highest growth rate of 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

The average water-skis and surfboards export price stood at $X per unit in 2022, stabilizing at the previous year. Overall, the export price, however, showed a strong increase. The pace of growth was the most pronounced in 2015 when the average export price increased by 60%. The export price peaked at $X per unit in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Poland ($X per unit), while the average price for exports to the United States ($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 (+49.6%), while the prices for the other major destinations experienced more modest paces of growth.

Water-Skis And Surfboards Imports

Imports into Ireland

In 2022, the amount of water-skis, surfboards and sailboards imported into Ireland reached X units, with an increase of 11% on 2021 figures. Over the period under review, imports enjoyed a prominent increase. The pace of growth appeared the most rapid in 2021 when imports increased by 93% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, water-skis and surfboards imports dropped to $X in 2022. Overall, imports recorded buoyant growth. The most prominent rate of growth was recorded in 2021 with an increase of 113% against the previous year. As a result, imports attained the peak of $X, and then dropped in the following year.

Imports by Country

In 2022, China (X units) constituted the largest water-skis and surfboards supplier to Ireland, 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, the UK (X units), ninefold. Germany (X units) ranked third in terms of total imports with a 6.8% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +20.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+1.3% per year) and Germany (+19.4% per year).

In value terms, China ($X) constituted the largest supplier of water-skis, surfboards and sailboards to Ireland, comprising 59% of total imports. The second position in the ranking was taken by the UK ($X), with a 14% share of total imports. It was followed by Germany, with a 7.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +29.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+5.4% per year) and Germany (+22.4% per year).

Import Prices by Country

In 2022, the average water-skis and surfboards import price amounted to $X per unit, waning by -21.9% against the previous year. In general, import price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when the average import price increased by 56% against the previous year. The import price peaked at $X per unit in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+501.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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