Philippines - Water-Skis, Surfboards And Sailboards - Market Analysis, Forecast, Size, Trends And Insights
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View PricingWater-Skis and Surfboards Price in the Philippines - 2023
Contents:
- Water-Skis and Surfboards Price in the Philippines (CIF) - 2023
- Water-Skis and Surfboards Price in the Philippines (FOB) - 2022
- Water-Skis and Surfboards Imports in the Philippines
- Water-Skis and Surfboards Exports in the Philippines
Water-Skis and Surfboards Price in the Philippines (CIF) - 2023
In May 2023, the average water-skis and surfboards import price amounted to $6.6 per unit, growing by 43% against the previous month. Over the period under review, the import price saw a prominent increase. The most prominent rate of growth was recorded in June 2022 when the average import price increased by 202% against the previous month. Over the period under review, average import prices hit record highs at $25.7 per unit in February 2023; however, from March 2023 to May 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Malaysia ($21.7 per unit), while the price for Taiwan (Chinese) ($3.1 per unit) was amongst the lowest.
From May 2022 to May 2023, the most notable rate of growth in terms of prices was attained by China (+10.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Water-Skis and Surfboards Price in the Philippines (FOB) - 2022
The average water-skis and surfboards export price stood at $14 per unit in 2022, falling by -14.7% against the previous year. Overall, the export price, however, enjoyed buoyant growth. The most prominent rate of growth was recorded in 2015 when the average export price increased by 93% against the previous year. The export price peaked at $18 per unit in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.
Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Germany ($15 per unit) and the United States ($14 per unit), while the average price for exports to Australia ($13 per unit) and the Netherlands ($14 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+13.7%), while the prices for the other major destinations experienced more modest paces of growth.
Water-Skis and Surfboards Imports in the Philippines
Water-skis and surfboards imports into the Philippines surged to 307K units in 2022, rising by 48% on 2021. Overall, imports, however, recorded a deep slump. Over the period under review, imports hit record highs at 531K units in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, water-skis and surfboards imports skyrocketed to $2.9M in 2022. Over the period under review, imports, however, faced a deep reduction. The pace of growth was the most pronounced in 2021 with an increase of 48% against the previous year. Imports peaked at $4.3M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
Import of Water-Skis and Surfboards in the Philippines (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 1,824 | 508 | 870 | 1,332 | -9.9% |
Malaysia | 246 | 17.3 | 242 | 374 | 15.0% |
United States | 549 | 79.8 | 197 | 264 | -21.7% |
Singapore | 68.6 | 45.0 | 192 | 230 | 49.7% |
Italy | 417 | 28.9 | 159 | 163 | -26.9% |
Australia | 77.8 | 112 | 141 | 103 | 9.8% |
South Korea | 6.6 | 1.0 | 1.0 | 72.1 | 121.9% |
Hong Kong SAR | 602 | 116 | 80.7 | 59.0 | -53.9% |
Taiwan (Chinese) | 158 | 237 | 10.9 | 31.6 | -41.5% |
Germany | 153 | 10.5 | 9.7 | 12.0 | -57.2% |
Others | 247 | 249 | 178 | 280 | 4.3% |
Total | 4,349 | 1,404 | 2,080 | 2,921 | -12.4% |
Top Suppliers of Water-Skis and Surfboards to the Philippines in 2022:
- China (140.2K units)
- Malaysia (39.4K units)
- United States (27.9K units)
- Singapore (24.3K units)
- Italy (17.2K units)
- Australia (10.8K units)
- South Korea (7.6K units)
- Hong Kong SAR (6.1K units)
- Taiwan (Chinese) (3.3K units)
- Germany (1.3K units)
Water-Skis and Surfboards Exports in the Philippines
In 2022, the amount of water-skis, surfboards and sailboards exported from the Philippines skyrocketed to 16K units, jumping by 535% against the previous year. In general, exports, however, showed a sharp setback. The exports peaked at 34K units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, water-skis and surfboards exports soared to $216K in 2022. Overall, exports, however, faced a precipitous curtailment. The exports peaked at $477K in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
Export of Water-Skis and Surfboards in the Philippines (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Netherlands | N/A | N/A | 1.6 | 98.9 | 6081.3% |
Poland | N/A | 0.3 | 0.6 | 80.9 | 1542.2% |
United Kingdom | 0.4 | N/A | N/A | 13.5 | 223.2% |
Singapore | 2.4 | N/A | N/A | 10.4 | 63.0% |
United States | 82.2 | 0.8 | 0.2 | 7.0 | -56.0% |
Germany | 15.1 | 10.0 | N/A | 0.3 | -72.9% |
Thailand | 19.9 | N/A | 0.4 | N/A | -85.8% |
China | 28.9 | N/A | N/A | N/A | 0% |
Indonesia | 252 | N/A | N/A | N/A | 0% |
Myanmar | 70.9 | N/A | N/A | N/A | 0% |
Others | 5.5 | 8.1 | 37.1 | 5.2 | -1.9% |
Total | 477 | 19.1 | 39.9 | 216 | -23.2% |
Top Export Markets for Water-Skis and Surfboards from the Philippines in 2022:
- Germany (undefinedK units)
- Netherlands (7.3K units)
- Poland (5.9K units)
- United Kingdom (1.0K units)
- Singapore (0.7K units)
- United States (0.5K units)
This report provides an in-depth analysis of the water-skis and surfboards market in the Philippines. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 32301300 - Water-skis, surfboards, sailboards and other water-sport equipment
Country coverage:
- Philippines
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the Philippines
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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