MENA: Water-Skis And Surfboards Market 2024

Water-Skis And Surfboards Market Size in MENA

The MENA's water-skis and surfboards market was estimated at $X in 2022, stabilizing at the previous year. The total consumption indicated a temperate expansion from 2012 to 2022: its value increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -1.7% against 2020 indices. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Water-Skis And Surfboards Production in MENA

In value terms, water-skis and surfboards production amounted to $X in 2022 estimated in export price. The total production indicated tangible growth from 2012 to 2022: its value increased at an average annual rate of +2.9% 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 -4.5% against 2020 indices. The pace of growth appeared the most rapid in 2017 when the production volume increased by 33%. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Water-Skis And Surfboards Exports

Exports in MENA

In 2022, overseas shipments of water-skis, surfboards and sailboards increased by 12% to X units, rising for the second year in a row after two years of decline. Total exports indicated a temperate expansion from 2012 to 2022: its volume increased at an average annual rate of +3.6% 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 +34.8% against 2020 indices. The most prominent rate of growth was recorded in 2013 when exports increased by 57% 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 reduced to $X in 2022. Total exports indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of +3.6% 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 +81.7% against 2017 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 51%. As a result, the exports reached the peak of $X, and then shrank in the following year.

Exports by Country

In 2022, the United Arab Emirates (X units) was the main exporter of water-skis, surfboards and sailboards, comprising 57% of total exports. Turkey (X units) took a 29% share (based on physical terms) of total exports, which put it in second place, followed by Tunisia (8%). Kuwait (X units) held a minor share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Kuwait (with a CAGR of +32.3%), while the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X) remains the largest water-skis and surfboards supplier in MENA, comprising 64% of total exports. The second position in the ranking was taken by Tunisia ($X), with a 19% share of total exports. It was followed by Turkey, with a 14% share.

In the United Arab Emirates, water-skis and surfboards exports expanded at an average annual rate of +2.9% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Tunisia (+3.2% per year) and Turkey (+9.7% per year).

Export Prices by Country

The export price in MENA stood at $X per unit in 2022, waning by -20.2% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 an increase of 36%. Over the period under review, the export prices reached the peak figure at $X per unit in 2021, and then reduced markedly in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Tunisia ($X per unit), while Kuwait ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+4.1%), while the other leaders experienced mixed trends in the export price figures.

Water-Skis And Surfboards Imports

Imports in MENA

In 2022, overseas purchases of water-skis, surfboards and sailboards increased by 0.9% to X units, rising for the second consecutive year after two years of decline. Total imports indicated a strong expansion from 2012 to 2022: its volume 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 +12.9% against 2020 indices. The pace of growth was the most pronounced in 2014 with an increase of 45% against the previous year. The volume of import peaked at X units in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, water-skis and surfboards imports declined to $X in 2022. Total imports indicated a resilient increase 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, imports increased by +75.0% against 2016 indices. The growth pace was the most rapid in 2014 with an increase of 41%. Over the period under review, imports reached the peak figure at $X in 2021, and then contracted in the following year.

Imports by Country

The purchases of the four major importers of water-skis, surfboards and sailboards, namely Turkey, the United Arab Emirates, Israel and Kuwait, represented more than two-thirds of total import. It was distantly followed by Algeria (X units), creating a 5.6% share of total imports. Morocco (X units) and Bahrain (X units) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of +16.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest water-skis and surfboards importing markets in MENA were Israel ($X), Turkey ($X) and the United Arab Emirates ($X), with a combined 67% share of total imports.

In terms of the main importing countries, Israel, with a CAGR of +15.1%, saw 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 import price in MENA stood at $X per unit in 2022, waning by -13% against the previous year. In general, the import price saw a mild slump. The most prominent rate of growth was recorded in 2021 when the import price increased by 22%. As a result, import price attained 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 Israel ($X per unit), while Bahrain ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Morocco (+8.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform