Slovakia: Water-Skis And Surfboards Market 2024

Water-Skis And Surfboards Market Size in Slovakia

In 2022, the Slovak water-skis and surfboards market decreased by -32% to $X for the first time since 2016, thus ending a five-year rising trend. Over the period under review, consumption, however, saw a resilient increase. As a result, consumption attained the peak level of $X, and then contracted sharply in the following year.

Water-Skis And Surfboards Production in Slovakia

In value terms, water-skis and surfboards production totaled $X in 2022 estimated in export price. Overall, production posted a buoyant expansion. The pace of growth appeared the most rapid in 2014 with an increase of 189% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2022, production growth remained at a lower figure.

Water-Skis And Surfboards Exports

Exports from Slovakia

In 2022, shipments abroad of water-skis, surfboards and sailboards decreased by -40.5% to X units for the first time since 2019, thus ending a two-year rising trend. Overall, exports, however, enjoyed a resilient increase. The growth pace was the most rapid in 2014 with an increase of 344%. As a result, the exports reached the peak of X units. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, water-skis and surfboards exports contracted notably to $X in 2022. In general, exports, however, recorded a strong increase. The most prominent rate of growth was recorded in 2021 when exports increased by 286% against the previous year. As a result, the exports reached the peak of $X, and then fell dramatically in the following year.

Exports by Country

Hungary (X units), the Czech Republic (X units) and Austria (X units) were the main destinations of water-skis and surfboards exports from Slovakia, together accounting for 76% of total exports. Germany, Poland and Switzerland lagged somewhat behind, together comprising a further 17%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Germany (with a CAGR of +123.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for water-skis and surfboards exported from Slovakia were the Czech Republic ($X), Germany ($X) and Hungary ($X), together comprising 40% of total exports.

In terms of the main countries of destination, Germany, with a CAGR of +134.9%, recorded 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

The average water-skis and surfboards export price stood at $X per unit in 2022, which is down by -61.1% against the previous year. Overall, the export price saw a noticeable setback. The most prominent rate of growth was recorded in 2021 an increase of 126% against the previous year. As a result, the export price attained the peak level of $X per unit, and then reduced rapidly in the following year.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Switzerland ($X per unit), while the average price for exports to Hungary ($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 Poland (+13.9%), while the prices for the other major destinations experienced more modest paces of growth.

Water-Skis And Surfboards Imports

Imports into Slovakia

In 2022, after two years of growth, there was significant decline in overseas purchases of water-skis, surfboards and sailboards, when their volume decreased by -41.5% to X units. Over the period under review, imports, however, posted a strong increase. The pace of growth was the most pronounced in 2021 when imports increased by 267%. As a result, imports reached the peak of X units, and then reduced rapidly in the following year.

In value terms, water-skis and surfboards imports fell remarkably to $X in 2022. Overall, imports, however, posted a resilient expansion. The most prominent rate of growth was recorded in 2021 with an increase of 475% against the previous year. As a result, imports attained the peak of $X, and then shrank notably in the following year.

Imports by Country

In 2022, China (X units) constituted the largest water-skis and surfboards supplier to Slovakia, accounting for a 72% share of total imports. Moreover, water-skis and surfboards imports from China exceeded the figures recorded by the second-largest supplier, the Czech Republic (X units), more than tenfold. The third position in this ranking was taken by Italy (X units), with a 4.6% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +13.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (+6.5% per year) and Italy (+17.6% per year).

In value terms, China ($X) constituted the largest supplier of water-skis, surfboards and sailboards to Slovakia, comprising 65% of total imports. The second position in the ranking was taken by the Czech Republic ($X), with a 6.2% share of total imports. It was followed by Italy, with a 5.5% share.

From 2012 to 2022, the average annual growth rate of value from China stood at +17.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (+13.3% per year) and Italy (+19.0% per year).

Import Prices by Country

The average water-skis and surfboards import price stood at $X per unit in 2022, with a decrease of -29.4% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average import price increased by 57%. As a result, import price reached the peak level of $X per unit, and then contracted sharply in the following year.

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 Poland ($X per unit), while the price for the UK ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+6.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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