MERCOSUR: Water-Skis And Surfboards Market 2024

Water-Skis And Surfboards Market Size in MERCOSUR

In 2022, the MERCOSUR water-skis and surfboards market increased by 6% to $X, rising for the second year in a row after three years of decline. The total consumption indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of +4.0% 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 +89.5% against 2020 indices. Over the period under review, the market hit record highs in 2022 and is likely to see steady growth in years to come.

Water-Skis And Surfboards Production in MERCOSUR

In value terms, water-skis and surfboards production expanded notably to $X in 2022 estimated in export price. In general, production recorded a noticeable expansion. The most prominent rate of growth was recorded in 2020 when the production volume increased by 58%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Water-Skis And Surfboards Exports

Exports in MERCOSUR

In 2022, overseas shipments of water-skis, surfboards and sailboards increased by 1.8% to X units, rising for the third year in a row after three years of decline. In general, exports continue to indicate prominent growth. The growth pace was the most rapid in 2016 when exports increased by 43% against the previous year. The volume of export peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, water-skis and surfboards exports dropped modestly to $X in 2022. Overall, exports recorded buoyant growth. The growth pace was the most rapid in 2016 with an increase of 69% against the previous year. The level of export peaked at $X in 2021, and then dropped slightly in the following year.

Exports by Country

In 2022, Brazil (X units) represented the key exporter of water-skis, surfboards and sailboards, constituting 72% of total exports. It was distantly followed by Peru (X units), constituting a 24% share of total exports.

Brazil was also the fastest-growing in terms of the water-skis, surfboards and sailboards exports, with a CAGR of +22.0% from 2012 to 2022. Peru (-2.8%) illustrated a downward trend over the same period. While the share of Brazil (+53 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Peru (-36.7 p.p.) displayed negative dynamics.

In value terms, the largest water-skis and surfboards supplying countries in MERCOSUR were Brazil ($X) and Peru ($X).

Among the main exporting countries, Brazil, with a CAGR of +21.8%, saw the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

In 2022, the export price in MERCOSUR amounted to $X per unit, reducing by -5.2% against the previous year. Over the period under review, the export price recorded a mild setback. The most prominent rate of growth was recorded in 2016 when the export price increased by 18%. As a result, the export price attained the peak level of $X per unit. From 2017 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Peru ($X per unit), while Brazil amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Peru (+2.5%).

Water-Skis And Surfboards Imports

Imports in MERCOSUR

In 2022, overseas purchases of water-skis, surfboards and sailboards increased by 11% to X units, rising for the second consecutive year after three years of decline. Over the period under review, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by 77% against the previous year. The volume of import peaked at X units in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, water-skis and surfboards imports rose notably to $X in 2022. Overall, imports enjoyed a strong increase. The pace of growth appeared the most rapid in 2021 when imports increased by 116% against the previous year. The level of import peaked in 2022 and is likely to see gradual growth in years to come.

Imports by Country

In 2022, Argentina (X units) was the main importer of water-skis, surfboards and sailboards, constituting 35% of total imports. Brazil (X units) took the second position in the ranking, followed by Chile (X units), Colombia (X units), Uruguay (X units) and Peru (X units). All these countries together took approx. 60% share of total imports. Ecuador (X units) took a little share of total imports.

From 2012 to 2022, the biggest increases were recorded for Chile (with a CAGR of +8.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest water-skis and surfboards importing markets in MERCOSUR were Chile ($X), Argentina ($X) and Brazil ($X), with a combined 77% share of total imports.

Argentina, with a CAGR of +12.8%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in MERCOSUR stood at $X per unit in 2022, falling by -4.7% against the previous year. Import price indicated a resilient expansion from 2012 to 2022: its price 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, water-skis and surfboards import price increased by +39.2% against 2017 indices. The most prominent rate of growth was recorded in 2021 an increase of 22%. As a result, import price reached the peak level of $X per unit, and then declined in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Chile ($X per unit), while Ecuador ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (+12.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform