U.S.: Water-Skis And Surfboards Market 2024

Water-Skis And Surfboards Market Size in the U.S.

The U.S. water-skis and surfboards market amounted to $X in 2022, growing by 3.8% against the previous year. Over the period under review, consumption recorded a prominent increase. Over the period under review, the market reached the maximum level in 2022 and is likely to see steady growth in years to come.

Water-Skis And Surfboards Production in the U.S.

In value terms, water-skis and surfboards production soared to $X in 2022. Overall, production posted a remarkable increase. The most prominent rate of growth was recorded in 2020 with an increase of 232%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Water-Skis And Surfboards Exports

Exports from the U.S.

In 2022, approx. X units of water-skis, surfboards and sailboards were exported from the United States; declining by -5.9% on the year before. In general, exports continue to indicate a abrupt descent. The growth pace was the most rapid in 2021 with an increase of 34% against the previous year. The exports peaked at X units in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, water-skis and surfboards exports rose to $X in 2022. Overall, exports showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by 35% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Canada (X units) was the main destination for water-skis and surfboards exports from the United States, accounting for a 44% share of total exports. Moreover, water-skis and surfboards exports to Canada exceeded the volume sent to the second major destination, Mexico (X units), fivefold. Japan (X units) ranked third in terms of total exports with a 5.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Canada totaled +3.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+15.8% per year) and Japan (-14.3% per year).

In value terms, Canada ($X) remains the key foreign market for water-skis, surfboards and sailboards exports from the United States, comprising 31% of total exports. The second position in the ranking was held by Japan ($X), with an 8.3% share of total exports. It was followed by France, with a 6.2% share.

From 2012 to 2022, the average annual growth rate of value to Canada totaled +5.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (-5.9% per year) and France (+7.8% per year).

Export Prices by Country

In 2022, the average water-skis and surfboards export price amounted to $X per unit, rising by 8.8% against the previous year. Over the period under review, export price indicated a prominent expansion from 2012 to 2022: its price increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, water-skis and surfboards export price increased by +60.6% against 2017 indices. The most prominent rate of growth was recorded in 2020 an increase of 39% against the previous year. The export price peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per unit), while the average price for exports to the Dominican Republic ($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 France (+15.4%), while the prices for the other major destinations experienced more modest paces of growth.

Water-Skis And Surfboards Imports

Imports into the U.S.

In 2022, approx. X units of water-skis, surfboards and sailboards were imported into the United States; growing by 21% compared with the previous year's figure. Overall, total imports indicated a prominent increase from 2012 to 2022: its volume increased at an average annual rate of +7.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +59.6% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 32%. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in the immediate term.

In value terms, water-skis and surfboards imports reduced to $X in 2022. Over the period under review, total imports indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +7.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +73.2% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 76%. As a result, imports attained the peak of $X, and then reduced in the following year.

Imports by Country

In 2022, China (X units) constituted the largest water-skis and surfboards supplier to the United States, with a 71% share of total imports. Moreover, water-skis and surfboards imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X units), eightfold. The third position in this ranking was taken by Thailand (X units), with a 5.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +8.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+6.5% per year) and Thailand (+1.9% per year).

In value terms, China ($X) constituted the largest supplier of water-skis, surfboards and sailboards to the United States, comprising 69% of total imports. The second position in the ranking was held by Thailand ($X), with a 7.2% share of total imports. It was followed by Taiwan (Chinese), with a 6.9% share.

From 2012 to 2022, the average annual growth rate of value from China totaled +7.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+2.2% per year) and Taiwan (Chinese) (+3.9% per year).

Import Prices by Country

The average water-skis and surfboards import price stood at $X per unit in 2022, shrinking by -18.9% against the previous year. Overall, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 34%. As a result, import price attained the peak level of $X per unit, and then contracted sharply in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Thailand ($X per unit), while the price for Vietnam ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+0.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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