Market Insights Consumer Toys & Hobby Sports Equipment

Water Sports Equipment - Suriname

Suriname

in Suriname, a country South_America, is also a part of the global Water Sports Equipment market.
In 2024, the revenue in this market for Suriname amounts to US$1m.
It is projected to experience an annual growth rate of 7.54% from 2024 to 2029, resulting in a Compound Annual Growth Rate (CAGR) of 7.54% during this period.
When comparing Suriname's revenue to other countries, it is important to note that in India generates the highest revenue in the Water Sports Equipment market.
In 2024, in India's revenue in this market is estimated to be US$2,124m.
To better understand the economic impact of the Water Sports Equipment market in Suriname, it is useful to consider the per capita revenue.
In 2024, the per person revenue in Suriname is US$1.82.
This figure illustrates the average revenue generated by each individual in the country.
Suriname's water sports equipment market is experiencing a surge in demand due to the country's abundant rivers and coastal areas.

Key regions: Asia, Italy, Worldwide, China, Europe

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Methodology

Data coverage:

The data encompasses B2C enterprises. Figures are based on consumer spending on goods people buy for their leisure activities and hobbies.

Modeling approach:

Market sizes are determined through a Top-Down approach, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use in-house market research, national statistical offices, international institutions, trade associations, third-party studies, and survey results from our primary research (e.g., the Statista Global Consumer Survey). In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending, and household number. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, exponential trend smoothing is well suited for forecasting the Toys & Hobby market with a projected steady growth. The main drivers are GDP per capita and consumer spending per capita.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year.