Saudi Arabia: Water-Skis And Surfboards Market 2024

Water-Skis And Surfboards Market Size in Saudi Arabia

The Saudi water-skis and surfboards market rose remarkably to $X in 2022, surging by 5.5% against the previous year. In general, consumption enjoyed a buoyant expansion. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Water-Skis And Surfboards Production in Saudi Arabia

In value terms, water-skis and surfboards production rose sharply to $X in 2022 estimated in export price. Over the period under review, production enjoyed notable growth. The pace of growth appeared the most rapid in 2017 when the production volume increased by 127% against the previous year. Water-skis and surfboards production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Water-Skis And Surfboards Exports

Exports from Saudi Arabia

After two years of growth, overseas shipments of water-skis, surfboards and sailboards decreased by -34.6% to X units in 2022. In general, exports showed a deep slump. The growth pace was the most rapid in 2021 with an increase of 274%. Over the period under review, the exports reached the peak figure at X units in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, water-skis and surfboards exports contracted rapidly to $X in 2022. Over the period under review, exports saw a abrupt decrease. The pace of growth appeared the most rapid in 2021 when exports increased by 756% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Singapore (X units) was the main destination for water-skis and surfboards exports from Saudi Arabia, accounting for a 61% share of total exports. Moreover, water-skis and surfboards exports to Singapore exceeded the volume sent to the second major destination, the Netherlands (X units), fourfold. Brazil (X units) ranked third in terms of total exports with a 4.3% share.

From 2012 to 2022, the average annual growth rate of volume to Singapore was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+134.6% per year) and Brazil (0.0% per year).

In value terms, Singapore ($X) emerged as the key foreign market for water-skis, surfboards and sailboards exports from Saudi Arabia, comprising 59% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a 16% share of total exports. It was followed by New Zealand, with a 3.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Singapore was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+191.0% per year) and New Zealand (+52.4% per year).

Export Prices by Country

The average water-skis and surfboards export price stood at $X per unit in 2022, dropping by -15.4% against the previous year. Overall, the export price recorded a mild reduction. The most prominent rate of growth was recorded in 2017 when the average export price increased by 167% against the previous year. The export price peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were the Netherlands ($X per unit) and New Zealand ($X per unit), while the average price for exports to Brazil ($X per unit) and Singapore ($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 Sudan (+414.3%), while the prices for the other major destinations experienced more modest paces of growth.

Water-Skis And Surfboards Imports

Imports into Saudi Arabia

In 2022, after two years of decline, there was significant decline in overseas purchases of water-skis, surfboards and sailboards, when their volume decreased by -50% to X units. Overall, imports, however, enjoyed a significant increase. The pace of growth appeared the most rapid in 2019 with an increase of 117% against the previous year. Over the period under review, imports hit record highs at X units in 2021, and then dropped notably in the following year.

In value terms, water-skis and surfboards imports contracted sharply to $X in 2022. Over the period under review, imports recorded a sharp setback. The most prominent rate of growth was recorded in 2014 with an increase of 375%. Imports peaked at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest supplier of water-skis and surfboards to Saudi Arabia, accounting for a 84% share of total imports. Moreover, water-skis and surfboards imports from China exceeded the figures recorded by the second-largest supplier, Spain (X units), eightfold. The third position in this ranking was taken by Italy (X units), with a 2.7% share.

From 2017 to 2022, the average annual growth rate of volume from China amounted to +47.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+138.7% per year) and Italy (+15.8% per year).

In value terms, China ($X) constituted the largest supplier of water-skis, surfboards and sailboards to Saudi Arabia, comprising 63% of total imports. The second position in the ranking was held by Spain ($X), with an 8.4% share of total imports. It was followed by Italy, with a 2.1% share.

From 2017 to 2022, the average annual growth rate of value from China stood at -48.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+159.8% per year) and Italy (+4.8% per year).

Import Prices by Country

The average water-skis and surfboards import price stood at $X per unit in 2022, shrinking by -93.8% against the previous year. Over the period under review, the import price recorded a sharp descent. The most prominent rate of growth was recorded in 2018 a decrease of -15.6%. The import price peaked at $X per unit in 2017; however, from 2018 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Italy ($X per unit) and China ($X per unit), while the price for the Netherlands ($X per unit) and Spain ($X per unit) were amongst the lowest.

From 2017 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+8.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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