Global Sails Market 2024

Sails Market Size

The global sails market expanded remarkably to $X in 2023, picking up by X% against the previous year. Overall, the total consumption indicated a moderate expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption decreased by X% against 2021 indices. Over the period under review, the global market reached the peak level at $X in 2021; however, from 2022 to 2023, consumption stood at a somewhat lower figure.

Sails Production

In value terms, sails production rose rapidly to $X in 2023 estimated in export price. Over the period under review, production enjoyed noticeable growth. The pace of growth appeared the most rapid in 2019 with an increase of X%. Global production peaked at $X in 2021; however, from 2022 to 2023, production remained at a lower figure.

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Sails Exports

Exports

After two years of growth, shipments abroad of sails decreased by X% to X tons in 2023. The total export volume increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. The global exports peaked at X tons in 2022, and then dropped in the following year.

In value terms, sails exports expanded notably to $X in 2023. Overall, total exports indicated pronounced growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the global exports hit record highs in 2023 and are expected to retain growth in the near future.

Exports by Country

The Philippines (X tons) and Sri Lanka (X tons) represented roughly X% of total exports in 2023. It was followed by France (X tons), Tunisia (X tons), China (X tons), South Africa (X tons), the Netherlands (X tons), Denmark (X tons) and the United States (X tons), together making up a X% share of total exports. Germany (X tons), Slovakia (X tons), New Zealand (X tons) and Spain (X tons) held a little share of total exports.

From 2012 to 2023, the biggest increases were recorded for Slovakia (with a CAGR of X%), while shipments for the other global leaders experienced more modest paces of growth.

In value terms, the largest sails supplying countries worldwide were Sri Lanka ($X), Denmark ($X) and Germany ($X), with a combined X% share of global exports. The United States, New Zealand, France, Spain, Tunisia, China, the Netherlands, South Africa, the Philippines and Slovakia lagged somewhat behind, together comprising a further X%.

Among the main exporting countries, the Netherlands, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

The average sails export price stood at $X per ton in 2023, jumping by X% against the previous year. Over the last eleven-year period, it increased at an average annual rate of X%. Over the period under review, the average export prices hit record highs at $X per ton in 2019; however, from 2020 to 2023, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Denmark ($X per ton), while the Philippines ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (X%), while the other global leaders experienced more modest paces of growth.

Sails Imports

Imports

In 2023, the amount of sails imported worldwide contracted to X tons, which is down by X% compared with the previous year's figure. In general, total imports indicated a mild increase from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports decreased by X% against 2020 indices. The growth pace was the most rapid in 2019 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2020 to 2023, the growth of global imports remained at a lower figure.

In value terms, sails imports rose notably to $X in 2023. The total import value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Global imports peaked in 2023 and are expected to retain growth in the near future.

Imports by Country

In 2023, the United States (X tons) represented the key importer of sails, mixing up X% of total imports. France (X tons) ranks second in terms of the total imports with an X% share, followed by Slovakia (X%) and the UK (X%). The following importers - Germany (X tons), the Netherlands (X tons), Denmark (X tons), Nigeria (X tons), Spain (X tons), Italy (X tons), Sweden (X tons), Australia (X tons) and Hong Kong SAR (X tons) - together made up X% of total imports.

From 2012 to 2023, average annual rates of growth with regard to sails imports into the United States stood at X%. At the same time, Slovakia (X%), Nigeria (X%), Italy (X%), France (X%), Denmark (X%), the Netherlands (X%) and Spain (X%) displayed positive paces of growth. Moreover, Slovakia emerged as the fastest-growing importer imported in the world, with a CAGR of X% from 2012-2023. Sweden experienced a relatively flat trend pattern. By contrast, Germany (X%), Australia (X%), the UK (X%) and Hong Kong SAR (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of the United States, Slovakia, France, Nigeria and Denmark increased by X, X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X), France ($X) and Germany ($X) appeared to be the countries with the highest levels of imports in 2023, together comprising X% of global imports. Denmark, Spain, the Netherlands, Italy, Sweden, the UK, Australia, Slovakia, Hong Kong SAR and Nigeria lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, Slovakia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

The average sails import price stood at $X per ton in 2023, jumping by X% against the previous year. Over the period under review, import price indicated a pronounced expansion from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, sails import price increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2017 an increase of X%. As a result, import price attained the peak level of $X per ton; afterwards, it flattened through to 2023.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Spain ($X per ton), while Nigeria ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Sweden (X%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform