India: Water-Skis And Surfboards Market 2024

Water-Skis And Surfboards Market Size in India

The Indian water-skis and surfboards market expanded to $X in 2022, increasing by X% against the previous year. In general, the total consumption indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2020 indices. Water-skis and surfboards consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Water-Skis And Surfboards Production in India

In value terms, water-skis and surfboards production rose to $X in 2022 estimated in export price. Overall, the total production indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2020 indices. The pace of growth was the most pronounced in 2017 when the production volume increased by X% against the previous year. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

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Water-Skis And Surfboards Exports

Exports from India

In 2022, approx. X units of water-skis, surfboards and sailboards were exported from India; shrinking by X% on the year before. Over the period under review, exports recorded a deep slump. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports hit record highs at X units in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, water-skis and surfboards exports contracted significantly to $X in 2022. Overall, exports showed a noticeable reduction. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports attained the maximum at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X units) was the main destination for water-skis and surfboards exports from India, with a X% share of total exports. Moreover, water-skis and surfboards exports to the United States exceeded the volume sent to the second major destination, Kuwait (X units), threefold. The third position in this ranking was taken by Norway (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Kuwait (X% per year) and Norway (X% per year).

In value terms, the United States ($X) emerged as the key foreign market for water-skis, surfboards and sailboards exports from India, comprising X% of total exports. The second position in the ranking was taken by Kuwait ($X), with an X% share of total exports. It was followed by Norway, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kuwait (X% per year) and Norway (X% per year).

Export Prices by Country

The average water-skis and surfboards export price stood at $X per unit in 2022, falling by X% against the previous year. In general, export price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 when the average export price increased by X% against the previous year. The export price peaked at $X per unit in 2021, and then shrank rapidly in the following year.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Vietnam ($X per unit) and Algeria ($X per unit), while the average price for exports to Kuwait ($X per unit) and Finland ($X 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 Algeria (X%), while the prices for the other major destinations experienced more modest paces of growth.

Water-Skis And Surfboards Imports

Imports into India

For the fifth consecutive year, India recorded growth in supplies from abroad of water-skis, surfboards and sailboards, which increased by X% to X units in 2022. In general, imports posted a remarkable increase. The growth pace was the most rapid in 2016 when imports increased by X%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, water-skis and surfboards imports shrank modestly to $X in 2022. Over the period under review, imports recorded a buoyant expansion. The pace of growth was the most pronounced in 2016 when imports increased by X%. Imports peaked at $X in 2021, and then fell slightly in the following year.

Imports by Country

In 2022, China (X units) constituted the largest supplier of water-skis and surfboards to India, accounting for a X% share of total imports. Moreover, water-skis and surfboards imports from China exceeded the figures recorded by the second-largest supplier, Hong Kong SAR (X units), more than tenfold. The United States (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Hong Kong SAR (X% per year) and the United States (X% per year).

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

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Hong Kong SAR (X% per year) and the United States (X% per year).

Import Prices by Country

In 2022, the average water-skis and surfboards import price amounted to $X per unit, which is down by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The growth pace was the most rapid in 2020 an increase of X%. Over the period under review, average import prices hit record highs at $X per unit in 2021, and then reduced in the following year.

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 Thailand ($X per unit), while the price for the United Arab Emirates ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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