Romania: Water-Skis And Surfboards Market 2024

Water-Skis And Surfboards Market Size in Romania

The Romanian water-skis and surfboards market amounted to $X in 2022, flattening at the previous year. In general, the total consumption indicated a temperate increase 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 -6.3% against 2020 indices. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Water-Skis And Surfboards Production in Romania

In value terms, water-skis and surfboards production rose remarkably to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when the production volume increased by 58% against the previous year. Over the period under review, production reached the maximum level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Water-Skis And Surfboards Exports

Exports from Romania

For the sixth consecutive year, Romania recorded growth in overseas shipments of water-skis, surfboards and sailboards, which increased by 18% to X units in 2022. Overall, exports showed a significant increase. The most prominent rate of growth was recorded in 2018 when exports increased by 838% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, water-skis and surfboards exports expanded rapidly to $X in 2022. Over the period under review, exports recorded significant growth. The most prominent rate of growth was recorded in 2018 when exports increased by 419%. The exports peaked in 2022 and are likely to see gradual growth in years to come.

Exports by Country

Bulgaria (X units) was the main destination for water-skis and surfboards exports from Romania, with a 38% share of total exports. Moreover, water-skis and surfboards exports to Bulgaria exceeded the volume sent to the second major destination, Greece (X units), twofold. Poland (X units) ranked third in terms of total exports with a 9.7% share.

From 2012 to 2022, the average annual growth rate of volume to Bulgaria totaled +195.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Greece (+207.2% per year) and Poland (+350.6% per year).

In value terms, Bulgaria ($X), Greece ($X) and Germany ($X) appeared to be the largest markets for water-skis and surfboards exported from Romania worldwide, together accounting for 52% of total exports. Spain, the Netherlands, Poland, France, Austria, the Czech Republic and Hungary lagged somewhat behind, together accounting for a further 30%.

Among the main countries of destination, the Netherlands, with a CAGR of +13,972.6%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average water-skis and surfboards export price amounted to $X per unit, reducing by -7.9% against the previous year. Over the period under review, the export price continues to indicate a deep contraction. The most prominent rate of growth was recorded in 2020 when the average export price increased by 37% against the previous year. Over the period under review, the average export prices attained the maximum at $X per unit in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Spain ($X per unit), while the average price for exports to Hungary ($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 Netherlands (+46.9%), while the prices for the other major destinations experienced more modest paces of growth.

Water-Skis And Surfboards Imports

Imports into Romania

In 2022, the amount of water-skis, surfboards and sailboards imported into Romania reduced to X units, waning by -11.3% on the year before. Over the period under review, imports, however, recorded buoyant growth. The most prominent rate of growth was recorded in 2017 with an increase of 73%. Over the period under review, imports attained the peak figure at X units in 2021, and then declined in the following year.

In value terms, water-skis and surfboards imports rose to $X in 2022. Overall, imports, however, showed a significant increase. The growth pace was the most rapid in 2021 with an increase of 100%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

Imports by Country

France (X units), Belgium (X units) and China (X units) were the main suppliers of water-skis and surfboards imports to Romania, with a combined 54% share of total imports. Slovenia, Spain, the Netherlands, the Czech Republic, Bulgaria, Germany and Hungary lagged somewhat behind, together accounting for a further 39%.

From 2012 to 2022, the biggest increases were recorded for Slovenia (with a CAGR of +182.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest water-skis and surfboards suppliers to Romania were France ($X), China ($X) and Belgium ($X), together accounting for 55% of total imports. Slovenia, the Netherlands, Spain, Bulgaria, the Czech Republic, Germany and Hungary lagged somewhat behind, together accounting for a further 36%.

Slovenia, with a CAGR of +183.1%, recorded the highest rates of growth with regard to 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

The average water-skis and surfboards import price stood at $X per unit in 2022, picking up by 15% against the previous year. Over the period under review, import price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of +4.3% 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 +73.0% against 2020 indices. The most prominent rate of growth was recorded in 2014 when the average import price increased by 53% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per unit), while the price for Hungary ($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 (+19.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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