Italy: Water-Skis And Surfboards Market 2024

Water-Skis And Surfboards Market Size in Italy

After two years of growth, the Italian water-skis and surfboards market decreased by -2.2% to $X in 2022. In general, consumption enjoyed a prominent expansion. Over the period under review, the market attained the maximum level at $X in 2021, and then declined in the following year.

Water-Skis And Surfboards Production in Italy

In value terms, water-skis and surfboards production fell notably to $X in 2022 estimated in export price. Overall, production, however, showed a drastic downturn. The pace of growth was the most pronounced in 2021 when the production volume increased by 187%. Water-skis and surfboards production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Water-Skis And Surfboards Exports

Exports from Italy

Water-skis and surfboards exports from Italy expanded to X units in 2022, growing by 1.5% on the previous year. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of 18% against the previous year. The exports peaked at X units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, water-skis and surfboards exports dropped slightly to $X in 2022. The total export value increased at an average annual rate of +1.3% from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 when exports increased by 20% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

France (X units) was the main destination for water-skis and surfboards exports from Italy, accounting for a 33% share of total exports. Moreover, water-skis and surfboards exports to France exceeded the volume sent to the second major destination, the United States (X units), threefold. Spain (X units) ranked third in terms of total exports with a 7.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to France totaled +1.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-0.6% per year) and Spain (+1.2% per year).

In value terms, the largest markets for water-skis and surfboards exported from Italy were France ($X), the United States ($X) and Spain ($X), with a combined 49% share of total exports. Germany, Belgium, Greece, Australia, Croatia, Tunisia, Turkey and South Korea lagged somewhat behind, together accounting for a further 22%.

In terms of the main countries of destination, Belgium, with a CAGR of +37.4%, saw the highest rates of growth with regard to 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, falling by -4.5% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.9%. The growth pace was the most rapid in 2020 an increase of 35%. The export price peaked at $X per unit in 2021, and then declined in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belgium ($X per unit), while the average price for exports to Turkey ($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 Croatia (+5.7%), while the prices for the other major destinations experienced more modest paces of growth.

Water-Skis And Surfboards Imports

Imports into Italy

In 2022, approx. X units of water-skis, surfboards and sailboards were imported into Italy; with an increase of 17% on 2021 figures. Overall, total imports indicated a buoyant expansion from 2012 to 2022: its volume increased at an average annual rate of +6.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +54.3% against 2018 indices. The most prominent rate of growth was recorded in 2019 with an increase of 28% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, water-skis and surfboards imports fell modestly to $X in 2022. In general, total imports indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +6.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +86.7% against 2018 indices. The growth pace was the most rapid in 2019 when imports increased by 37% against the previous year. Over the period under review, imports reached the maximum at $X in 2021, and then shrank slightly in the following year.

Imports by Country

In 2022, China (X units) constituted the largest water-skis and surfboards supplier to Italy, with a 45% share of total imports. Moreover, water-skis and surfboards imports from China exceeded the figures recorded by the second-largest supplier, Bulgaria (X units), threefold. The third position in this ranking was held by Spain (X units), with an 11% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +7.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Bulgaria (+4.8% per year) and Spain (+22.5% per year).

In value terms, China ($X) constituted the largest supplier of water-skis, surfboards and sailboards to Italy, comprising 38% of total imports. The second position in the ranking was held by France ($X), with a 13% share of total imports. It was followed by Spain, with a 12% share.

From 2012 to 2022, the average annual growth rate of value from China stood at +8.2%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+5.0% per year) and Spain (+20.1% per year).

Import Prices by Country

In 2022, the average water-skis and surfboards import price amounted to $X per unit, declining by -15.9% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the average import price increased by 25% against the previous year. The import price peaked at $X per unit in 2021, and then declined markedly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Thailand ($X per unit), while the price for Bulgaria ($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 (+13.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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