Pakistan: Water-Skis And Surfboards Market 2024

Water-Skis And Surfboards Market Size in Pakistan

The Pakistani water-skis and surfboards market amounted to $X in 2022, approximately equating the previous year. Over the period under review, consumption showed a strong increase. Over the period under review, the market reached the maximum level at $X in 2020; afterwards, it flattened through to 2022.

Water-Skis And Surfboards Production in Pakistan

In value terms, water-skis and surfboards production amounted to $X in 2022 estimated in export price. Over the period under review, production saw a prominent expansion. The pace of growth was the most pronounced in 2017 with an increase of 25% against the previous year. Water-skis and surfboards production peaked at $X in 2020; afterwards, it flattened through to 2022.

Water-Skis And Surfboards Exports

Exports from Pakistan

In 2022, after two years of growth, there was significant decline in overseas shipments of water-skis, surfboards and sailboards, when their volume decreased by -29.3% to X units. Over the period under review, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 1,218% against the previous year. As a result, the exports attained the peak of X units. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, water-skis and surfboards exports contracted markedly to $X in 2022. In general, exports, however, showed a temperate increase. The pace of growth appeared the most rapid in 2014 when exports increased by 468%. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United Arab Emirates (X units), Kenya (X units) and the United States (X units) were the main destinations of water-skis and surfboards exports from Pakistan, together accounting for 99% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Kenya (with a CAGR of +197.2%), while the other leaders experienced mixed trend patterns.

In value terms, the largest markets for water-skis and surfboards exported from Pakistan were Kenya ($X), the United Arab Emirates ($X) and the United States ($X), together accounting for 84% of total exports.

Kenya, with a CAGR of +250.2%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average water-skis and surfboards export price amounted to $X per unit, picking up by 17% against the previous year. In general, the export price recorded a perceptible increase. The most prominent rate of growth was recorded in 2015 an increase of 382% against the previous year. Over the period under review, the average export prices reached the maximum at $X per unit in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per unit), while the average price for exports to the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+39.2%), while the prices for the other major destinations experienced more modest paces of growth.

Water-Skis And Surfboards Imports

Imports into Pakistan

In 2022, overseas purchases of water-skis, surfboards and sailboards were finally on the rise to reach X units for the first time since 2015, thus ending a six-year declining trend. Over the period under review, imports, however, recorded a slight reduction. The most prominent rate of growth was recorded in 2015 when imports increased by 417%. As a result, imports reached the peak of X units. From 2016 to 2022, the growth of imports failed to regain momentum.

In value terms, water-skis and surfboards imports fell remarkably to $X in 2022. In general, imports enjoyed a mild increase. The most prominent rate of growth was recorded in 2015 when imports increased by 368% against the previous year. As a result, imports reached the peak of $X. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest water-skis and surfboards supplier to Pakistan, accounting for a 68% share of total imports. Moreover, water-skis and surfboards imports from China exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X units), threefold. Hong Kong SAR (X units) ranked third in terms of total imports with a 2.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +8.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (-10.6% per year) and Hong Kong SAR (+28.5% per year).

In value terms, China ($X) constituted the largest supplier of water-skis, surfboards and sailboards to Pakistan, comprising 55% of total imports. The second position in the ranking was taken by Hong Kong SAR ($X), with a 17% share of total imports. It was followed by the United Arab Emirates, with a 15% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +3.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Hong Kong SAR (+31.7% per year) and the United Arab Emirates (-6.0% per year).

Import Prices by Country

The average water-skis and surfboards import price stood at $X per unit in 2022, waning by -33.6% against the previous year. In general, import price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of +3.3% 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 +33.3% against 2017 indices. The pace of growth was the most pronounced in 2021 an increase of 60% against the previous year. As a result, import price reached the peak level of $X per unit, and then reduced dramatically in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per unit), while the price for the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+41.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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