Southern Asia: Water-Skis And Surfboards Market 2024

Water-Skis And Surfboards Market Size in Southern Asia

In 2022, the South Asian water-skis and surfboards market decreased by X% to $X, falling for the second consecutive year after four years of growth. In general, consumption, however, saw a remarkable increase. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Water-Skis And Surfboards Production in Southern Asia

In value terms, water-skis and surfboards production totaled $X in 2022 estimated in export price. Over the period under review, production posted a remarkable increase. The most prominent rate of growth was recorded in 2017 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2020; afterwards, it flattened through to 2022.

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Water-Skis And Surfboards Exports

Exports in Southern Asia

In 2022, exports of water-skis, surfboards and sailboards in Southern Asia soared to X units, growing by X% against the previous year's figure. Over the period under review, exports showed a prominent increase. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, water-skis and surfboards exports contracted markedly to $X in 2022. Overall, exports enjoyed a resilient expansion. The pace of growth was the most pronounced in 2021 when exports increased by X%. As a result, the exports attained the peak of $X, and then dropped remarkably in the following year.

Exports by Country

In 2022, Sri Lanka (X units) represented the main exporter of water-skis, surfboards and sailboards, generating X% of total exports. It was distantly followed by Bangladesh (X units), creating a X% share of total exports. India (X units) took a little share of total exports.

From 2012 to 2022, average annual rates of growth with regard to water-skis and surfboards exports from Sri Lanka stood at X%. At the same time, Bangladesh (X%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing exporter exported in Southern Asia, with a CAGR of X% from 2012-2022. By contrast, India (X%) illustrated a downward trend over the same period. While the share of Bangladesh (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Sri Lanka (X p.p.) and India (X p.p.) displayed negative dynamics.

In value terms, Sri Lanka ($X) remains the largest water-skis and surfboards supplier in Southern Asia, comprising X% of total exports. The second position in the ranking was held by Bangladesh ($X), with a X% share of total exports.

In Sri Lanka, water-skis and surfboards exports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Bangladesh (X% per year) and India (X% per year).

Export Prices by Country

In 2022, the export price in Southern Asia amounted to $X per unit, falling by X% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of X%. The level of export peaked at $X per unit in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Sri Lanka ($X per unit), while Bangladesh ($X per unit) was amongst the lowest.

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

Water-Skis And Surfboards Imports

Imports in Southern Asia

In 2022, approx. X units of water-skis, surfboards and sailboards were imported in Southern Asia; waning by X% on 2021 figures. Over the period under review, imports, however, saw a prominent increase. The pace of growth was the most pronounced in 2021 when imports increased by X%. As a result, imports attained the peak of X units, and then shrank notably in the following year.

In value terms, water-skis and surfboards imports dropped significantly to $X in 2022. In general, imports, however, posted a strong expansion. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, imports attained the peak of $X, and then reduced dramatically in the following year.

Imports by Country

India represented the key importing country with an import of around X units, which resulted at X% of total imports. It was distantly followed by Maldives (X units) and Bangladesh (X units), together committing a X% share of total imports. Sri Lanka (X units) took a minor share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Bangladesh (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest water-skis and surfboards importing markets in Southern Asia were India ($X), Maldives ($X) and Bangladesh ($X), together accounting for X% of total imports.

Maldives, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Southern Asia stood at $X per unit in 2022, dropping by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 an increase of X%. As a result, import price attained the peak level of $X per unit, and then dropped modestly in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Maldives ($X per unit), while Bangladesh ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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