Middle East: Water-Skis And Surfboards Market 2024

Water-Skis And Surfboards Market Size in the Middle East

The Middle Eastern water-skis and surfboards market rose to $X in 2022, picking up by 2.3% against the previous year. The total consumption indicated pronounced growth from 2012 to 2022: its value increased at an average annual rate of +4.5% 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 -1.0% against 2020 indices. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Water-Skis And Surfboards Production in the Middle East

In value terms, water-skis and surfboards production totaled $X in 2022 estimated in export price. The total production indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of +3.4% 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 -4.4% against 2020 indices. The most prominent rate of growth was recorded in 2017 with an increase of 45% against the previous year. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Water-Skis And Surfboards Exports

Exports in the Middle East

In 2022, overseas shipments of water-skis, surfboards and sailboards increased by 13% to X units, rising for the second consecutive year after two years of decline. The total export volume increased at an average annual rate of +3.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 when exports increased by 50% against the previous year. Over the period under review, the exports hit record highs at X units in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, water-skis and surfboards exports shrank to $X in 2022. Total exports indicated a measured increase from 2012 to 2022: its value increased at an average annual rate of +3.8% 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 +84.7% against 2017 indices. The pace of growth was the most pronounced in 2021 when exports increased by 53% against the previous year. As a result, the exports attained the peak of $X, and then dropped in the following year.

Exports by Country

In 2022, the United Arab Emirates (X units) represented the main exporter of water-skis, surfboards and sailboards, creating 62% of total exports. It was distantly followed by Turkey (X units), mixing up a 32% share of total exports. Kuwait (X units) followed a long way behind the leaders.

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 ($X) remains the largest water-skis and surfboards supplier in the Middle East, comprising 80% of total exports. The second position in the ranking was taken by Turkey ($X), with a 17% share of total exports.

From 2012 to 2022, the average annual growth rate of value in the United Arab Emirates stood at +2.9%. In the other countries, the average annual rates were as follows: Turkey (+9.7% per year) and Kuwait (+26.1% per year).

Export Prices by Country

In 2022, the export price in the Middle East amounted to $X per unit, with a decrease of -19.8% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2019 an increase of 33% against the previous year. The level of export peaked at $X per unit in 2021, and then fell rapidly 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 the United Arab Emirates ($X per unit), while Kuwait ($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 the Middle East

In 2022, overseas purchases of water-skis, surfboards and sailboards increased by 5.9% to X units, rising for the second consecutive year after two years of decline. Total imports indicated a prominent expansion from 2012 to 2022: its volume increased at an average annual rate of +8.8% 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 +11.4% against 2020 indices. The growth pace was the most rapid in 2013 with an increase of 61% 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 strong expansion from 2012 to 2022: its value increased at an average annual rate of +6.4% 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 +73.9% against 2016 indices. The most prominent rate of growth was recorded in 2014 with an increase of 53% against the previous year. The level of import peaked at $X in 2021, and then declined 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. Bahrain (X units), Iraq (X units) and Jordan (X units) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Jordan (with a CAGR of +38.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Israel ($X), Turkey ($X) and the United Arab Emirates ($X) were the countries with the highest levels of imports in 2022, together comprising 80% of total imports. Kuwait, Jordan, Bahrain and Iraq lagged somewhat behind, together comprising a further 12%.

Jordan, with a CAGR of +36.8%, saw 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

In 2022, the import price in the Middle East amounted to $X per unit, shrinking by -19.5% against the previous year. Overall, the import price continues to indicate a noticeable contraction. The most prominent rate of growth was recorded in 2021 when the import price increased by 28% against the previous year. Over the period under review, import prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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 ($X per unit), while Iraq ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+3.0%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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