Portugal: Water-Skis And Surfboards Market 2024

Water-Skis And Surfboards Market Size in Portugal

In 2022, the Portuguese water-skis and surfboards market increased by 14% to $X, rising for the third year in a row after two years of decline. Overall, consumption, however, posted strong growth. Over the period under review, the market reached the peak level in 2022 and is likely to see gradual growth in the immediate term.

Water-Skis And Surfboards Production in Portugal

In value terms, water-skis and surfboards production shrank modestly to $X in 2022 estimated in export price. Over the period under review, production recorded a deep slump. The most prominent rate of growth was recorded in 2021 with an increase of 7.3%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Water-Skis And Surfboards Exports

Exports from Portugal

In 2022, the amount of water-skis, surfboards and sailboards exported from Portugal surged to X units, jumping by 23% against 2021 figures. Over the period under review, exports showed prominent growth. The most prominent rate of growth was recorded in 2014 when exports increased by 204%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, water-skis and surfboards exports reduced to $X in 2022. In general, exports recorded a strong expansion. The most prominent rate of growth was recorded in 2014 with an increase of 320%. The exports peaked at $X in 2021, and then dropped slightly in the following year.

Exports by Country

Spain (X units) was the main destination for water-skis and surfboards exports from Portugal, with a 51% share of total exports. Moreover, water-skis and surfboards exports to Spain exceeded the volume sent to the second major destination, France (X units), fourfold. The third position in this ranking was taken by Belgium (X units), with a 7.2% share.

From 2012 to 2022, the average annual growth rate of volume to Spain amounted to +10.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+16.4% per year) and Belgium (+105.5% per year).

In value terms, the largest markets for water-skis and surfboards exported from Portugal were Spain ($X), France ($X) and the Netherlands ($X), with a combined 70% share of total exports. Germany, the United States, Italy, Belgium, Morocco and Angola lagged somewhat behind, together comprising a further 17%.

Belgium, with a CAGR of +80.2%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average water-skis and surfboards export price stood at $X per unit in 2022, shrinking by -19.8% against the previous year. Overall, the export price, however, enjoyed a strong increase. The pace of growth appeared the most rapid in 2018 an increase of 58%. The export price peaked at $X per unit in 2021, and then declined dramatically in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per unit), while the average price for exports to Belgium ($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 United States (+13.6%), while the prices for the other major destinations experienced more modest paces of growth.

Water-Skis And Surfboards Imports

Imports into Portugal

In 2022, supplies from abroad of water-skis, surfboards and sailboards increased by 3.3% to X units, rising for the second year in a row after three years of decline. Over the period under review, imports showed a buoyant expansion. The growth pace was the most rapid in 2021 when imports increased by 108% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in years to come.

In value terms, water-skis and surfboards imports soared to $X in 2022. In general, imports recorded a strong increase. The most prominent rate of growth was recorded in 2017 when imports increased by 57% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Germany (X units), Spain (X units) and China (X units) were the main suppliers of water-skis and surfboards imports to Portugal, together comprising 72% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of +47.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), China ($X) and Germany ($X) appeared to be the largest water-skis and surfboards suppliers to Portugal, with a combined 60% share of total imports. Thailand, France, Belgium, Hong Kong SAR, the Netherlands and India lagged somewhat behind, together comprising a further 29%.

Hong Kong SAR, with a CAGR of +39.5%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average water-skis and surfboards import price amounted to $X per unit, jumping by 21% against the previous year. Overall, the import price enjoyed a strong increase. The most prominent rate of growth was recorded in 2017 an increase of 46% against the previous year. The import price peaked at $X per unit in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

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 Thailand ($X per unit), while the price for India ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+16.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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