| Product Code: ETC5040432 | Publication Date: Nov 2023 | Updated Date: Jan 2026 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
Armenia import trend for the surfboard market experienced a significant decline from 2023 to 2024, with a growth rate of -46.98%. However, the compound annual growth rate (CAGR) for the period 2020-2024 stood at an impressive 38.04%. This decline in import momentum could be attributed to shifts in consumer demand, changes in trade policies, or market instability during the period.

By 2027, Armenia's Surfboard market is forecasted to achieve a high growth rate of 13.59%, with China leading the Asia region, followed by India, Japan, Australia and South Korea.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Armenia Surfboard Market Overview |
3.1 Armenia Country Macro Economic Indicators |
3.2 Armenia Surfboard Market Revenues & Volume, 2021 & 2031F |
3.3 Armenia Surfboard Market - Industry Life Cycle |
3.4 Armenia Surfboard Market - Porter's Five Forces |
3.5 Armenia Surfboard Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Armenia Surfboard Market Revenues & Volume Share, By Material Type, 2021 & 2031F |
3.7 Armenia Surfboard Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
3.8 Armenia Surfboard Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Armenia Surfboard Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Armenia Surfboard Market Trends |
6 Armenia Surfboard Market Segmentations |
6.1 Armenia Surfboard Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Armenia Surfboard Market Revenues & Volume, By Shortboards, 2021-2031F |
6.1.3 Armenia Surfboard Market Revenues & Volume, By Longboards, 2021-2031F |
6.1.4 Armenia Surfboard Market Revenues & Volume, By Fish Boards, 2021-2031F |
6.1.5 Armenia Surfboard Market Revenues & Volume, By Gun Boards, 2021-2031F |
6.1.6 Armenia Surfboard Market Revenues & Volume, By Others, 2021-2031F |
6.2 Armenia Surfboard Market, By Material Type |
6.2.1 Overview and Analysis |
6.2.2 Armenia Surfboard Market Revenues & Volume, By Polyurethane, 2021-2031F |
6.2.3 Armenia Surfboard Market Revenues & Volume, By Balsa Wood, 2021-2031F |
6.2.4 Armenia Surfboard Market Revenues & Volume, By Others, 2021-2031F |
6.3 Armenia Surfboard Market, By Distribution Channel |
6.3.1 Overview and Analysis |
6.3.2 Armenia Surfboard Market Revenues & Volume, By Online, 2021-2031F |
6.3.3 Armenia Surfboard Market Revenues & Volume, By Offline, 2021-2031F |
6.4 Armenia Surfboard Market, By Application |
6.4.1 Overview and Analysis |
6.4.2 Armenia Surfboard Market Revenues & Volume, By Recreational, 2021-2031F |
6.4.3 Armenia Surfboard Market Revenues & Volume, By Professional, 2021-2031F |
7 Armenia Surfboard Market Import-Export Trade Statistics |
7.1 Armenia Surfboard Market Export to Major Countries |
7.2 Armenia Surfboard Market Imports from Major Countries |
8 Armenia Surfboard Market Key Performance Indicators |
9 Armenia Surfboard Market - Opportunity Assessment |
9.1 Armenia Surfboard Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Armenia Surfboard Market Opportunity Assessment, By Material Type, 2021 & 2031F |
9.3 Armenia Surfboard Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
9.4 Armenia Surfboard Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Armenia Surfboard Market - Competitive Landscape |
10.1 Armenia Surfboard Market Revenue Share, By Companies, 2024 |
10.2 Armenia Surfboard Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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