Scandinavia: Water-Skis And Surfboards Market 2024

Water-Skis And Surfboards Market Size in Scandinavia

In 2022, the Scandinavia water-skis and surfboards market increased by 19% to $X, rising for the third consecutive year after two years of decline. In general, consumption showed a buoyant increase. The level of consumption peaked in 2022 and is expected to retain growth in years to come.

Water-Skis And Surfboards Production in Scandinavia

In value terms, water-skis and surfboards production declined to $X in 2022 estimated in export price. Overall, production, however, recorded significant growth. The most prominent rate of growth was recorded in 2013 when the production volume increased by 2,213%. The level of production peaked at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

Water-Skis And Surfboards Exports

Exports in Scandinavia

In 2022, after eight years of growth, there was significant decline in overseas shipments of water-skis, surfboards and sailboards, when their volume decreased by -7% to X units. Over the period under review, exports, however, enjoyed resilient growth. The most prominent rate of growth was recorded in 2014 when exports increased by 42%. Over the period under review, the exports hit record highs at X units in 2021, and then fell in the following year.

In value terms, water-skis and surfboards exports declined to $X in 2022. Overall, exports, however, showed buoyant growth. The growth pace was the most rapid in 2018 with an increase of 34%. The level of export peaked at $X in 2021, and then fell in the following year.

Exports by Country

In 2022, Sweden (X units) represented the main exporter of water-skis, surfboards and sailboards, comprising 78% of total exports. Finland (X units) held the second position in the ranking, followed by Norway (X units). All these countries together held approx. 22% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to water-skis and surfboards exports from Sweden stood at +12.5%. At the same time, Finland (+24.6%) and Norway (+6.9%) displayed positive paces of growth. Moreover, Finland emerged as the fastest-growing exporter exported in Scandinavia, with a CAGR of +24.6% from 2012-2022. While the share of Finland (+7.4 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Norway (-7.1 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Sweden ($X) remains the largest water-skis and surfboards supplier in Scandinavia, comprising 63% of total exports. The second position in the ranking was held by Finland ($X), with a 29% share of total exports.

In Sweden, water-skis and surfboards exports increased at an average annual rate of +10.1% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Finland (+16.9% per year) and Norway (+2.9% per year).

Export Prices by Country

In 2022, the export price in Scandinavia amounted to $X per unit, remaining constant against the previous year. Over the period under review, the export price showed a slight slump. The pace of growth was the most pronounced in 2021 an increase of 19%. The level of export peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Finland ($X per unit), while Norway ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (-2.2%), while the other leaders experienced a decline in the export price figures.

Water-Skis And Surfboards Imports

Imports in Scandinavia

In 2022, approx. X units of water-skis, surfboards and sailboards were imported in Scandinavia; increasing by 27% against the previous year's figure. Over the period under review, imports saw prominent growth. The pace of growth appeared the most rapid in 2021 with an increase of 94%. The volume of import peaked in 2022 and is likely to see gradual growth in years to come.

In value terms, water-skis and surfboards imports expanded notably to $X in 2022. In general, imports recorded a buoyant increase. The pace of growth was the most pronounced in 2021 with an increase of 101% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, Sweden (X units) and Norway (X units) represented the largest importers of water-skis, surfboards and sailboards in Scandinavia, together reaching near 74% of total imports. It was distantly followed by Finland (X units), achieving a 26% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Finland (with a CAGR of +23.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X), Norway ($X) and Finland ($X) appeared to be the countries with the highest levels of imports in 2022.

Finland, with a CAGR of +20.0%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Scandinavia stood at $X per unit in 2022, dropping by -13.8% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 an increase of 35% against the previous year. As a result, import price reached the peak level of $X per unit. From 2014 to 2022, the import prices remained at a lower figure.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Norway ($X per unit), while Finland ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+2.6%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform