Northern America: Water-Skis And Surfboards Market 2024

Water-Skis And Surfboards Market Size in Northern America

For the fourth consecutive year, the North American water-skis and surfboards market recorded growth in sales value, which increased by 2.4% to $X in 2022. Over the period under review, consumption enjoyed buoyant growth. The level of consumption peaked in 2022 and is likely to see steady growth in years to come.

Water-Skis And Surfboards Production in Northern America

In value terms, water-skis and surfboards production surged to $X in 2022 estimated in export price. Over the period under review, production posted noticeable growth. The pace of growth was the most pronounced in 2020 when the production volume increased by 158%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Water-Skis And Surfboards Exports

Exports in Northern America

In 2022, shipments abroad of water-skis, surfboards and sailboards increased by 2.2% to X units, rising for the second consecutive year after three years of decline. In general, exports, however, saw a pronounced descent. The growth pace was the most rapid in 2021 when exports increased by 30%. Over the period under review, the exports attained the peak figure 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 reached $X in 2022. Overall, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 32% against the previous year. Over the period under review, the exports reached the maximum at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

The United States represented the key exporter of water-skis, surfboards and sailboards in Northern America, with the volume of exports accounting for X units, which was approx. 83% of total exports in 2022. It was distantly followed by Canada (X units), making up a 17% share of total exports.

Exports from the United States decreased at an average annual rate of -5.4% from 2012 to 2022. At the same time, Canada (+14.1%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing exporter exported in Northern America, with a CAGR of +14.1% from 2012-2022. Canada (+14 p.p.) significantly strengthened its position in terms of the total exports, while the United States saw its share reduced by -14.2% from 2012 to 2022, respectively.

In value terms, the United States ($X) remains the largest water-skis and surfboards supplier in Northern America, comprising 87% of total exports. The second position in the ranking was taken by Canada ($X), with a 13% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in the United States was relatively modest.

Export Prices by Country

The export price in Northern America stood at $X per unit in 2022, with an increase of 4.3% against the previous year. Export price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of +4.8% 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 export price increased by +52.9% against 2017 indices. The pace of growth appeared the most rapid in 2020 an increase of 38%. Over the period under review, the export prices attained the maximum in 2022 and is likely to see steady growth in years to come.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per unit), while Canada amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+5.4%).

Water-Skis And Surfboards Imports

Imports in Northern America

In 2022, approx. X units of water-skis, surfboards and sailboards were imported in Northern America; growing by 17% on the previous year. Total imports indicated a buoyant expansion from 2012 to 2022: its volume increased at an average annual rate of +8.4% 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 +65.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 41%. The volume of import peaked in 2022 and is likely to continue growth in the near future.

In value terms, water-skis and surfboards imports reduced modestly to $X in 2022. Overall, imports recorded a buoyant increase. The pace of growth appeared the most rapid in 2021 with an increase of 84%. As a result, imports reached the peak of $X, and then fell slightly in the following year.

Imports by Country

The United States was the main importer of water-skis, surfboards and sailboards in Northern America, with the volume of imports finishing at X units, which was near 86% of total imports in 2022. It was distantly followed by Canada (X units), comprising a 14% share of total imports.

Imports into the United States increased at an average annual rate of +7.9% from 2012 to 2022. At the same time, Canada (+11.9%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing importer imported in Northern America, with a CAGR of +11.9% from 2012-2022. From 2012 to 2022, the share of Canada increased by +4 percentage points.

In value terms, the United States ($X) constitutes the largest market for imported water-skis, surfboards and sailboards in Northern America, comprising 84% of total imports. The second position in the ranking was taken by Canada ($X), with a 16% share of total imports.

In the United States, water-skis and surfboards imports expanded at an average annual rate of +7.0% over the period from 2012-2022.

Import Prices by Country

In 2022, the import price in Northern America amounted to $X per unit, waning by -16.7% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the import price increased by 31%. As a result, import price reached the peak level of $X per unit, and then reduced remarkably in the following year.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Canada ($X per unit), while the United States totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+1.0%).

Source: IndexBox Platform

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