Luxembourg: Water-Skis And Surfboards Market 2024

Water-Skis And Surfboards Market Size in Luxembourg

The Luxembourg water-skis and surfboards market skyrocketed to $X in 2022, rising by 58% against the previous year. Overall, consumption, however, enjoyed strong growth. Water-skis and surfboards consumption peaked in 2022 and is likely to see steady growth in the immediate term.

Water-Skis And Surfboards Production in Luxembourg

In value terms, water-skis and surfboards production soared to $X in 2022 estimated in export price. Overall, production saw significant growth. The pace of growth was the most pronounced in 2017 with an increase of 869% against the previous year. Water-skis and surfboards production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Water-Skis And Surfboards Exports

Exports from Luxembourg

After three years of decline, overseas shipments of water-skis, surfboards and sailboards increased by 493% to X units in 2022. Over the period under review, exports, however, showed a pronounced shrinkage. The exports peaked at X units in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, water-skis and surfboards exports surged to $X in 2022. In general, exports continue to indicate a resilient increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Turkey (X units) was the main destination for water-skis and surfboards exports from Luxembourg, with a 76% share of total exports. Moreover, water-skis and surfboards exports to Turkey exceeded the volume sent to the second major destination, Portugal (X units), ninefold. The third position in this ranking was taken by Belgium (X units), with a 5.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Turkey amounted to +316.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Portugal (0.0% per year) and Belgium (-17.4% per year).

In value terms, Turkey ($X) emerged as the key foreign market for water-skis, surfboards and sailboards exports from Luxembourg, comprising 96% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a 2.2% share of total exports. It was followed by Belgium, with a 0.9% share.

From 2012 to 2022, the average annual growth rate of value to Turkey totaled +286.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (-17.1% per year) and Belgium (-19.1% per year).

Export Prices by Country

In 2022, the average water-skis and surfboards export price amounted to $X per unit, surging by 270% against the previous year. Over the period under review, the export price continues to indicate resilient growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Turkey ($X per unit), while the average price for exports to Portugal ($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 the Netherlands (+10.2%), while the prices for the other major destinations experienced more modest paces of growth.

Water-Skis And Surfboards Imports

Imports into Luxembourg

In 2022, water-skis and surfboards imports into Luxembourg fell to X units, with a decrease of -8.9% compared with the year before. Over the period under review, imports recorded a abrupt decline. The most prominent rate of growth was recorded in 2016 when imports increased by 92% against the previous year. Over the period under review, imports attained the maximum at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, water-skis and surfboards imports skyrocketed to $X in 2022. In general, imports recorded a pronounced contraction. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

China (X units), Belgium (X units) and Germany (X units) were the main suppliers of water-skis and surfboards imports to Luxembourg, with a combined 83% share of total imports. Poland, France, Italy and Spain lagged somewhat behind, together accounting for a further 12%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +67.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of water-skis, surfboards and sailboards to Luxembourg, comprising 59% of total imports. The second position in the ranking was taken by Germany ($X), with a 13% share of total imports. It was followed by Belgium, with a 9.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +8.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+7.2% per year) and Belgium (+9.8% per year).

Import Prices by Country

The average water-skis and surfboards import price stood at $X per unit in 2022, picking up by 106% against the previous year. Over the period under review, the import price saw a resilient expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 Spain ($X per unit), while the price for Belgium ($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 (+17.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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