Mexico: Water-Skis And Surfboards Market 2024

Water-Skis And Surfboards Market Size in Mexico

The Mexican water-skis and surfboards market was estimated at $X in 2022, with an increase of 3.6% against the previous year. Overall, the total consumption indicated a perceptible increase from 2012 to 2022: its value increased at an average annual rate of +4.3% 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 +67.4% against 2013 indices. Over the period under review, the market attained the maximum level in 2022 and is expected to retain growth in the immediate term.

Water-Skis And Surfboards Production in Mexico

In value terms, water-skis and surfboards production amounted to $X in 2022 estimated in export price. In general, the total production indicated a tangible increase 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, production decreased by -0.4% against 2020 indices. The pace of growth was the most pronounced in 2017 when the production volume increased by 20% against the previous year. Over the period under review, production reached the maximum level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Water-Skis And Surfboards Exports

Exports from Mexico

In 2022, approx. X units of water-skis, surfboards and sailboards were exported from Mexico; waning by -8.6% on the previous year. Over the period under review, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by 119% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, water-skis and surfboards exports surged to $X in 2022. The total export value increased at an average annual rate of +1.6% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 53%. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

The United States (X units) was the main destination for water-skis and surfboards exports from Mexico, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States totaled +1.2%.

In value terms, the United States ($X) also remains the key foreign market for water-skis, surfboards and sailboards exports from Mexico.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States totaled +2.4%.

Export Prices by Country

The average water-skis and surfboards export price stood at $X per unit in 2022, growing by 32% against the previous year. Over the period under review, export price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of +2.0% 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 export price decreased by -28.3% against 2018 indices. The most prominent rate of growth was recorded in 2015 when the average export price increased by 38% against the previous year. Over the period under review, the average export prices attained the maximum at $X per unit in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +1.2% per year.

Water-Skis And Surfboards Imports

Imports into Mexico

In 2022, the amount of water-skis, surfboards and sailboards imported into Mexico skyrocketed to X units, rising by 46% compared with the previous year. Over the period under review, imports continue to indicate a strong increase. The growth pace was the most rapid in 2021 when imports increased by 156% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, water-skis and surfboards imports skyrocketed to $X in 2022. In general, total imports indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +7.0% 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 +154.6% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 67% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, China (X units) constituted the largest supplier of water-skis and surfboards to Mexico, accounting for a 76% share of total imports. Moreover, water-skis and surfboards imports from China exceeded the figures recorded by the second-largest supplier, Thailand (X units), more than tenfold. Taiwan (Chinese) (X units) ranked third in terms of total imports with a 5.5% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +6.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+7.8% per year) and Taiwan (Chinese) (+7.7% per year).

In value terms, China ($X) constituted the largest supplier of water-skis, surfboards and sailboards to Mexico, comprising 69% of total imports. The second position in the ranking was taken by Thailand ($X), with an 8.9% share of total imports. It was followed by Taiwan (Chinese), with a 7.3% share.

From 2012 to 2022, the average annual growth rate of value from China stood at +8.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+6.6% per year) and Taiwan (Chinese) (+11.5% per year).

Import Prices by Country

The average water-skis and surfboards import price stood at $X per unit in 2022, rising by 4.3% against the previous year. In general, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 an increase of 170%. The import price peaked at $X per unit in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+5.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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