The per capita market size value of water-skis, surf-boards, and watersport equipment in Mexico decreased from $0.25 in 2013 to $0.17 in 2023. From 2022 to 2023, the market saw a decline of approximately 5.56%. The compound annual growth rate (CAGR) over the past five years was -1.14%, highlighting a consistent decline in interest or spending on these goods. This trend suggests potential challenges in the industry, possibly due to shifting consumer preferences or economic factors.
Future trends to watch include innovations targeting the growing eco-conscious market, potential inflation effects, and the impact of tourism recovery post-pandemic, which may provide opportunities for growth.
