Sweden: Water-Skis And Surfboards Market 2024

Water-Skis And Surfboards Market Size in Sweden

In 2022, the Swedish water-skis and surfboards market increased by 40% to $X, rising for the second consecutive year after three years of decline. Over the period under review, consumption recorded a resilient expansion. Water-skis and surfboards consumption peaked in 2022 and is expected to retain growth in years to come.

Water-Skis And Surfboards Production in Sweden

In value terms, water-skis and surfboards production declined slightly to $X in 2022 estimated in export price. Over the period under review, production saw a abrupt decline. The growth pace was the most rapid in 2016 with an increase of 181% against the previous year. Over the period under review, production attained the peak level at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

Water-Skis And Surfboards Exports

Exports from Sweden

After eight years of growth, shipments abroad of water-skis, surfboards and sailboards decreased by -18.6% to X units in 2022. Overall, exports, however, continue to indicate prominent growth. The pace of growth appeared the most rapid in 2014 when exports increased by 61% against the previous year. The exports peaked at X units in 2021, and then contracted remarkably in the following year.

In value terms, water-skis and surfboards exports fell notably to $X in 2022. Over the period under review, exports, however, showed a prominent expansion. The pace of growth was the most pronounced in 2019 when exports increased by 43%. Over the period under review, the exports attained the peak figure at $X in 2021, and then reduced markedly in the following year.

Exports by Country

Finland (X units), Norway (X units) and Poland (X units) were the main destinations of water-skis and surfboards exports from Sweden, together comprising 45% of total exports. France, Germany, Denmark, China, the UK, the Netherlands, Austria, the United States, Italy and Greece lagged somewhat behind, together comprising a further 44%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by China (with a CAGR of +56.2%), while the other leaders experienced more modest paces of growth.

In value terms, Norway ($X), Finland ($X) and Poland ($X) were the largest markets for water-skis and surfboards exported from Sweden worldwide, together comprising 48% of total exports. The UK, Denmark, the United States, France, Germany, the Netherlands, China, Austria, Italy and Greece lagged somewhat behind, together accounting for a further 39%.

Italy, with a CAGR of +49.8%, saw the highest growth rate of the value of exports, among the main countries of destination 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, shrinking by -7% against the previous year. Overall, the export price showed a pronounced setback. The most prominent rate of growth was recorded in 2020 an increase of 18%. Over the period under review, the average export prices attained the peak figure at $X per unit in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

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 the UK ($X per unit), while the average price for exports to France ($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 UK (+4.1%), while the prices for the other major destinations experienced more modest paces of growth.

Water-Skis And Surfboards Imports

Imports into Sweden

Water-skis and surfboards imports into Sweden surged to X units in 2022, picking up by 31% against 2021. Overall, imports saw strong growth. The most prominent rate of growth was recorded in 2021 when imports increased by 49% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to see steady growth in the near future.

In value terms, water-skis and surfboards imports expanded notably to $X in 2022. Over the period under review, imports showed a resilient expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 79% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, China (X units) constituted the largest supplier of water-skis and surfboards to Sweden, accounting for a 78% share of total imports. Moreover, water-skis and surfboards imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), more than tenfold. The third position in this ranking was held by the Netherlands (X units), with a 4.6% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +16.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+34.9% per year) and the Netherlands (+57.1% per year).

In value terms, China ($X) constituted the largest supplier of water-skis, surfboards and sailboards to Sweden, comprising 66% of total imports. The second position in the ranking was held by Germany ($X), with a 6.3% share of total imports. It was followed by the Netherlands, with a 4.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +19.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+42.4% per year) and the Netherlands (+56.2% per year).

Import Prices by Country

In 2022, the average water-skis and surfboards import price amounted to $X per unit, reducing by -15.2% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.6%. The pace of growth was the most pronounced in 2013 an increase of 53% against the previous year. As a result, import price attained the peak level of $X per unit. From 2014 to 2022, the average import prices remained at a somewhat lower figure.

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 Italy ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+25.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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