Ukraine: Water-Skis And Surfboards Market 2024

Water-Skis And Surfboards Market Size in Ukraine

The Ukrainian water-skis and surfboards market shrank remarkably to $X in 2022, with a decrease of -57.4% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption showed a noticeable decrease. Over the period under review, the market hit record highs at $X in 2021, and then contracted markedly in the following year.

Water-Skis And Surfboards Exports

Exports from Ukraine

In 2022, overseas shipments of water-skis, surfboards and sailboards increased by 15% to X units, rising for the second year in a row after two years of decline. In general, exports saw a mild increase. The pace of growth appeared the most rapid in 2016 with an increase of 1,879%. 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 reduced slightly to $X in 2022. Over the period under review, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2016 with an increase of 1,263% against the previous year. The exports peaked at $X in 2021, and then contracted slightly in the following year.

Exports by Country

Germany (X units), Moldova (X units) and Spain (X units) were the main destinations of water-skis and surfboards exports from Ukraine, together comprising 95% of total exports.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of +64.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the key foreign market for water-skis, surfboards and sailboards exports from Ukraine, comprising 96% of total exports. The second position in the ranking was taken by Moldova ($X), with a 2.1% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany amounted to +106.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Moldova (+14.3% per year) and Spain (+44.5% per year).

Export Prices by Country

In 2022, the average water-skis and surfboards export price amounted to $X per unit, reducing by -14.8% against the previous year. Overall, the export price, however, showed significant growth. The most prominent rate of growth was recorded in 2015 an increase of 664%. The export price peaked at $X per unit in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

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 Germany ($X per unit), while the average price for exports to Spain ($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 Germany (+53.4%), while the prices for the other major destinations experienced a decline.

Water-Skis And Surfboards Imports

Imports into Ukraine

In 2022, approx. X units of water-skis, surfboards and sailboards were imported into Ukraine; falling by -49.1% against the previous year's figure. In general, imports saw a deep downturn. The pace of growth was the most pronounced in 2018 when imports increased by 97%. As a result, imports reached the peak of X units. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, water-skis and surfboards imports contracted sharply to $X in 2022. Over the period under review, imports saw a noticeable downturn. The pace of growth appeared the most rapid in 2018 with an increase of 85% against the previous year. Over the period under review, imports hit record highs at $X in 2021, and then dropped sharply in the following year.

Imports by Country

In 2022, China (X units) was the main supplier of water-skis and surfboards to Ukraine, with a 94% share of total imports. It was followed by Poland (X units), with a 2.5% share of total imports. Italy (X units) ranked third in terms of total imports with a 1.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to -6.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+10.2% per year) and Italy (-11.3% per year).

In value terms, China ($X) constituted the largest supplier of water-skis, surfboards and sailboards to Ukraine, comprising 90% of total imports. The second position in the ranking was held by Poland ($X), with a 1.7% share of total imports. It was followed by Italy, with a 1.6% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to -2.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+10.2% per year) and Italy (-6.2% per year).

Import Prices by Country

The average water-skis and surfboards import price stood at $X per unit in 2022, falling by -21.2% against the previous year. Over the period under review, import price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of +3.3% 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 import price increased by +33.5% against 2018 indices. The pace of growth appeared the most rapid in 2015 when the average import price increased by 75% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2021, and then dropped significantly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per unit), while the price for Poland ($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 (+5.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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