Malaysia: Water-Skis And Surfboards Market 2024

Water-Skis And Surfboards Market Size in Malaysia

In 2022, the Malaysian water-skis and surfboards market decreased by -5% to $X for the first time since 2018, thus ending a three-year rising trend. Over the period under review, the total consumption indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +50.5% against 2018 indices. Water-skis and surfboards consumption peaked at $X in 2021, and then shrank in the following year.

Water-Skis And Surfboards Production in Malaysia

In value terms, water-skis and surfboards production fell to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +4.2% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of 33%. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Water-Skis And Surfboards Exports

Exports from Malaysia

In 2022, approx. X units of water-skis, surfboards and sailboards were exported from Malaysia; dropping by -7.6% against the previous year's figure. Over the period under review, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when exports increased by 68% against the previous year. Over the period under review, the exports hit record highs at X units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, water-skis and surfboards exports reduced to $X in 2022. Overall, total exports indicated a noticeable increase from 2012 to 2022: its value increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +8.0% against 2020 indices. The most prominent rate of growth was recorded in 2019 with an increase of 33%. As a result, the exports attained the peak of $X. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The United States (X units), Taiwan (Chinese) (X units) and France (X units) were the main destinations of water-skis and surfboards exports from Malaysia, together comprising 58% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Taiwan (Chinese) (with a CAGR of +71.2%), while the other leaders experienced more modest paces of growth.

In value terms, Taiwan (Chinese) ($X), the United States ($X) and France ($X) appeared to be the largest markets for water-skis and surfboards exported from Malaysia worldwide, together accounting for 62% of total exports.

Taiwan (Chinese), with a CAGR of +82.8%, recorded the highest rates of growth with regard to the value of exports, among 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

In 2022, the average water-skis and surfboards export price amounted to $X per unit, flattening at the previous year. Overall, the export price showed notable growth. The growth pace was the most rapid in 2014 an increase of 67% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2015; however, from 2016 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 Taiwan (Chinese) ($X per unit), while the average price for exports to France ($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 Thailand (+7.4%), while the prices for the other major destinations experienced more modest paces of growth.

Water-Skis And Surfboards Imports

Imports into Malaysia

In 2022, supplies from abroad of water-skis, surfboards and sailboards decreased by -21.5% to X units for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, continue to indicate buoyant growth. The pace of growth was the most pronounced in 2021 with an increase of 78% against the previous year. As a result, imports reached the peak of X units, and then dropped dramatically in the following year.

In value terms, water-skis and surfboards imports reduced to $X in 2022. In general, imports, however, continue to indicate a strong expansion. The growth pace was the most rapid in 2014 with an increase of 42% against the previous year. Over the period under review, imports reached the maximum at $X in 2021, and then reduced in the following year.

Imports by Country

Bangladesh (X units), China (X units) and Taiwan (Chinese) (X units) were the main suppliers of water-skis and surfboards imports to Malaysia, together accounting for 83% of total imports. Belgium, Italy, Hong Kong SAR, the United States and Canada lagged somewhat behind, together comprising a further 10%.

From 2012 to 2022, the biggest increases were recorded for Belgium (with a CAGR of +59.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Bangladesh ($X), China ($X) and Taiwan (Chinese) ($X) appeared to be the largest water-skis and surfboards suppliers to Malaysia, together comprising 84% of total imports. Belgium, Italy, Hong Kong SAR, the United States and Canada lagged somewhat behind, together accounting for a further 8.6%.

In terms of the main suppliers, Belgium, with a CAGR of +51.6%, recorded the highest growth rate of the value of imports, 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 18% against the previous year. Overall, the import price, however, saw a noticeable downturn. The import price peaked at $X per unit in 2015; however, from 2016 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 States ($X per unit), while the price for Italy ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (-0.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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