Peru: Water-Skis And Surfboards Market 2024

Water-Skis And Surfboards Market Size in Peru

The Peruvian water-skis and surfboards market declined markedly to $X in 2022, waning by -23.8% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, the total consumption indicated pronounced growth 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, consumption decreased by -27.9% against 2019 indices. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market failed to regain momentum.

Water-Skis And Surfboards Exports

Exports from Peru

In 2022, the amount of water-skis, surfboards and sailboards exported from Peru declined to X units, dropping by -14.5% compared with the previous year. In general, exports showed a noticeable slump. The most prominent rate of growth was recorded in 2021 with an increase of 40%. Over the period under review, the exports attained the peak figure at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, water-skis and surfboards exports contracted notably to $X in 2022. Overall, exports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 52%. As a result, the exports attained the peak of $X, and then contracted significantly in the following year.

Exports by Country

The United States (X units) was the main destination for water-skis and surfboards exports from Peru, accounting for a 55% share of total exports. Moreover, water-skis and surfboards exports to the United States exceeded the volume sent to the second major destination, Chile (X units), threefold. The third position in this ranking was held by Germany (X units), with an 8.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States stood at -5.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (+5.2% per year) and Germany (+127.0% per year).

In value terms, the United States ($X) remains the key foreign market for water-skis, surfboards and sailboards exports from Peru, comprising 50% of total exports. The second position in the ranking was taken by Chile ($X), with a 15% share of total exports. It was followed by Germany, with an 11% share.

From 2012 to 2022, the average annual growth rate of value to the United States amounted to -3.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (+7.3% per year) and Germany (+93.0% per year).

Export Prices by Country

The average water-skis and surfboards export price stood at $X per unit in 2022, with a decrease of -3.1% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.5%. The pace of growth was the most pronounced in 2020 an increase of 13% against the previous year. Over the period under review, the average export prices reached the maximum at $X per unit in 2021, and then dropped slightly in the following year.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Germany ($X per unit) and Spain ($X per unit), while the average price for exports to Australia ($X per unit) and the United States ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+2.1%), while the prices for the other major destinations experienced more modest paces of growth.

Water-Skis And Surfboards Imports

Imports into Peru

Water-skis and surfboards imports into Peru declined remarkably to X units in 2022, falling by -18.1% on the previous year's figure. Overall, total imports indicated a perceptible expansion from 2012 to 2022: its volume increased at an average annual rate of +2.3% 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 +27.8% against 2020 indices. The pace of growth was the most pronounced in 2019 with an increase of 77% against the previous year. As a result, imports reached the peak of X units. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, water-skis and surfboards imports reduced remarkably to $X in 2022. In general, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 93%. As a result, imports attained the peak of $X, and then declined rapidly in the following year.

Imports by Country

In 2022, Myanmar (X units) was the main water-skis and surfboards supplier to Peru, accounting for a 99.9% share of total imports. It was followed by China (X units), with less than 0.1% share of total imports. The United States (X units) ranked third in terms of total imports with less than 0.1% share.

From 2012 to 2022, the average annual growth rate of volume from Myanmar was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (-57.6% per year) and the United States (-45.6% per year).

In value terms, Myanmar ($X) constituted the largest supplier of water-skis, surfboards and sailboards to Peru, comprising 99% of total imports. The second position in the ranking was held by the United States ($X), with a 0.3% share of total imports. It was followed by Thailand, with a 0.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Myanmar was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-32.1% per year) and Thailand (-34.1% per year).

Import Prices by Country

The average water-skis and surfboards import price stood at $X per unit in 2022, shrinking by -7.3% against the previous year. Overall, the import price recorded a mild reduction. The growth pace was the most rapid in 2013 when the average import price increased by 33%. As a result, import price attained the peak level of $X per unit. From 2014 to 2022, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+50.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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