Kenya: Water-Skis And Surfboards Market 2024

Water-Skis And Surfboards Market Size in Kenya

The Kenyan water-skis and surfboards market reduced markedly to $X in 2022, falling by -39.2% 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). In general, consumption, however, continues to indicate a resilient increase. As a result, consumption reached the peak level of $X, and then contracted notably in the following year.

Water-Skis And Surfboards Exports

Exports from Kenya

In 2022, overseas shipments of water-skis, surfboards and sailboards increased by 141% to X units for the first time since 2018, thus ending a three-year declining trend. Over the period under review, exports posted a notable increase. The pace of growth was the most pronounced in 2018 with an increase of 200% against the previous year. As a result, the exports reached the peak of X units. From 2019 to 2022, the growth of the exports failed to regain momentum.

In value terms, water-skis and surfboards exports shrank to $X in 2022. In general, exports showed significant growth. The pace of growth appeared the most rapid in 2015 when exports increased by 1,885% against the previous year. As a result, the exports attained the peak of $X. From 2016 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

South Africa (X units) was the main destination for water-skis and surfboards exports from Kenya, accounting for a 82% share of total exports. Moreover, water-skis and surfboards exports to South Africa exceeded the volume sent to the second major destination, the United States (X units), tenfold. The third position in this ranking was held by Estonia (X units), with a 6.1% share.

From 2012 to 2022, the average annual growth rate of volume to South Africa amounted to +72.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-23.1% per year) and Estonia (+23.9% per year).

In value terms, the largest markets for water-skis and surfboards exported from Kenya were South Africa ($X), the United States ($X) and Estonia ($X), with a combined 41% share of total exports.

South Africa, with a CAGR of +75.8%, recorded the highest rates of growth with regard to 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

The average water-skis and surfboards export price stood at $X per unit in 2022, falling by -61.2% against the previous year. Overall, the export price, however, saw a buoyant increase. The growth pace was the most rapid in 2015 an increase of 1,232%. As a result, the export price attained the peak level of $X per unit. From 2016 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to South Africa ($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 Somalia (+101.2%), while the prices for the other major destinations experienced more modest paces of growth.

Water-Skis And Surfboards Imports

Imports into Kenya

In 2022, the amount of water-skis, surfboards and sailboards imported into Kenya dropped markedly to X units, shrinking by -44% against the previous year. Overall, imports, however, enjoyed a buoyant increase. The growth pace was the most rapid in 2021 with an increase of 408%. As a result, imports reached the peak of X units, and then contracted sharply in the following year.

In value terms, water-skis and surfboards imports dropped markedly to $X in 2022. Over the period under review, imports, however, saw temperate growth. The most prominent rate of growth was recorded in 2021 when imports increased by 252%. As a result, imports attained the peak of $X, and then dropped remarkably in the following year.

Imports by Country

In 2022, China (X units) constituted the largest supplier of water-skis and surfboards to Kenya, accounting for a 54% share of total imports. Moreover, water-skis and surfboards imports from China exceeded the figures recorded by the second-largest supplier, Mauritius (X units), fourfold. The third position in this ranking was taken by South Africa (X units), with a 9.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +23.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Mauritius (+69.3% per year) and South Africa (+17.9% per year).

In value terms, the largest water-skis and surfboards suppliers to Kenya were China ($X), Germany ($X) and Mauritius ($X), together comprising 62% of total imports.

Mauritius, with a CAGR of +84.7%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average water-skis and surfboards import price stood at $X per unit in 2022, rising by 15% against the previous year. In general, the import price, however, showed a pronounced descent. The most prominent rate of growth was recorded in 2020 an increase of 56%. The import price peaked at $X per unit in 2012; however, from 2013 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 Italy ($X per unit), while the price for India ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+14.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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