South Africa: Water-Skis And Surfboards Market 2024

Water-Skis And Surfboards Market Size in South Africa

The South African water-skis and surfboards market fell to $X in 2022, declining by -10% against the previous year. Overall, the total consumption indicated notable growth from 2012 to 2022: its value increased at an average annual rate of +3.1% 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 -16.7% against 2019 indices. Water-skis and surfboards consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Water-Skis And Surfboards Production in South Africa

In value terms, water-skis and surfboards production contracted modestly to $X in 2022 estimated in export price. Over the period under review, the total production indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -6.5% against 2019 indices. The most prominent rate of growth was recorded in 2014 with an increase of 76% against the previous year. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Water-Skis And Surfboards Exports

Exports from South Africa

In 2022, the amount of water-skis, surfboards and sailboards exported from South Africa soared to X units, jumping by 43% compared with the previous year's figure. In general, exports recorded prominent growth. The pace of growth was the most pronounced in 2021 with an increase of 66% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, water-skis and surfboards exports surged to $X in 2022. Over the period under review, exports continue to indicate resilient growth. The most prominent rate of growth was recorded in 2021 when exports increased by 92% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in the near future.

Exports by Country

The United States (X units) was the main destination for water-skis and surfboards exports from South Africa, with a 47% share of total exports. Moreover, water-skis and surfboards exports to the United States exceeded the volume sent to the second major destination, Germany (X units), fourfold. The third position in this ranking was held by Hong Kong SAR (X units), with a 5.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States totaled +23.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+20.7% per year) and Hong Kong SAR (+15.4% per year).

In value terms, the United States ($X) remains the key foreign market for water-skis, surfboards and sailboards exports from South Africa, comprising 48% of total exports. The second position in the ranking was held by Germany ($X), with a 12% share of total exports. It was followed by Australia, with a 6.8% share.

From 2012 to 2022, the average annual growth rate of value to the United States stood at +25.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+21.1% per year) and Australia (+8.3% per year).

Export Prices by Country

The average water-skis and surfboards export price stood at $X per unit in 2022, rising by 4.9% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.2%. The most prominent rate of growth was recorded in 2019 an increase of 21% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2020 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Fiji ($X per unit), while the average price for exports to Swaziland ($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 Fiji (+13.4%), while the prices for the other major destinations experienced more modest paces of growth.

Water-Skis And Surfboards Imports

Imports into South Africa

In 2022, water-skis and surfboards imports into South Africa dropped to X units, which is down by -6.1% on the previous year. The total import volume increased at an average annual rate of +1.6% over the period 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 2021 with an increase of 62% against the previous year. As a result, imports attained the peak of X units, and then declined in the following year.

In value terms, water-skis and surfboards imports totaled $X in 2022. The total import value increased at an average annual rate of +2.3% 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 2021 with an increase of 74% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in years to come.

Imports by Country

In 2022, China (X units) constituted the largest water-skis and surfboards supplier to South Africa, with a 73% share of total imports. Moreover, water-skis and surfboards imports from China exceeded the figures recorded by the second-largest supplier, Italy (X units), sevenfold. The third position in this ranking was held by Taiwan (Chinese) (X units), with a 4.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +4.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+12.1% per year) and Taiwan (Chinese) (-3.1% per year).

In value terms, China ($X), Italy ($X) and Thailand ($X) were the largest water-skis and surfboards suppliers to South Africa, with a combined 77% share of total imports.

Italy, with a CAGR of +17.3%, saw 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

The average water-skis and surfboards import price stood at $X per unit in 2022, picking up by 18% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Thailand ($X per unit), while the price for Malaysia ($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 United States (+7.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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