| Product Code: ETC11269630 | Publication Date: Apr 2025 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Bhawna Singh | No. of Pages: 65 | No. of Figures: 34 | No. of Tables: 19 |
The Maldives wetsuits import market in 2024 saw diverse sources of supply, with Sri Lanka, India, Ireland, Malaysia, and China leading the exports to the country. Despite the variety of exporting countries, the market exhibited a low concentration, indicating a balanced competitive landscape. The compound annual growth rate (CAGR) from 2020 to 2024 stood at a healthy 5.83%, demonstrating sustained expansion. However, there was a slight decline in growth from 2023 to 2024, with a rate of -9.52%, possibly indicating a temporary slowdown in demand or other market factors.

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 Maldives Wetsuits Market Overview |
3.1 Maldives Country Macro Economic Indicators |
3.2 Maldives Wetsuits Market Revenues & Volume, 2021 & 2031F |
3.3 Maldives Wetsuits Market - Industry Life Cycle |
3.4 Maldives Wetsuits Market - Porter's Five Forces |
3.5 Maldives Wetsuits Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Maldives Wetsuits Market Revenues & Volume Share, By Material, 2021 & 2031F |
3.7 Maldives Wetsuits Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.8 Maldives Wetsuits Market Revenues & Volume Share, By End Use, 2021 & 2031F |
4 Maldives Wetsuits Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increase in water sports activities and tourism in the Maldives |
4.2.2 Growing awareness about the importance of skin protection while engaging in water activities |
4.2.3 Innovation in wetsuit materials and technology |
4.3 Market Restraints |
4.3.1 High cost of wetsuits leading to affordability issues for some consumers |
4.3.2 Limited availability of retail outlets selling wetsuits in the Maldives |
5 Maldives Wetsuits Market Trends |
6 Maldives Wetsuits Market, By Types |
6.1 Maldives Wetsuits Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Maldives Wetsuits Market Revenues & Volume, By Type, 2021 - 2031F |
6.1.3 Maldives Wetsuits Market Revenues & Volume, By Full-Length, 2021 - 2031F |
6.1.4 Maldives Wetsuits Market Revenues & Volume, By Shorty, 2021 - 2031F |
6.1.5 Maldives Wetsuits Market Revenues & Volume, By Spring Suit, 2021 - 2031F |
6.1.6 Maldives Wetsuits Market Revenues & Volume, By Drysuits, 2021 - 2031F |
6.1.7 Maldives Wetsuits Market Revenues & Volume, By Others, 2021 - 2031F |
6.2 Maldives Wetsuits Market, By Material |
6.2.1 Overview and Analysis |
6.2.2 Maldives Wetsuits Market Revenues & Volume, By Neoprene, 2021 - 2031F |
6.2.3 Maldives Wetsuits Market Revenues & Volume, By Thermoplastic Elastomer, 2021 - 2031F |
6.2.4 Maldives Wetsuits Market Revenues & Volume, By Blended Fabrics, 2021 - 2031F |
6.2.5 Maldives Wetsuits Market Revenues & Volume, By Waterproof Membrane, 2021 - 2031F |
6.2.6 Maldives Wetsuits Market Revenues & Volume, By Custom Fit, 2021 - 2031F |
6.3 Maldives Wetsuits Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Maldives Wetsuits Market Revenues & Volume, By Scuba Diving, 2021 - 2031F |
6.3.3 Maldives Wetsuits Market Revenues & Volume, By Surfing, 2021 - 2031F |
6.3.4 Maldives Wetsuits Market Revenues & Volume, By Triathlons, 2021 - 2031F |
6.3.5 Maldives Wetsuits Market Revenues & Volume, By Cold Water Diving, 2021 - 2031F |
6.3.6 Maldives Wetsuits Market Revenues & Volume, By Recreational Swimming, 2021 - 2031F |
6.4 Maldives Wetsuits Market, By End Use |
6.4.1 Overview and Analysis |
6.4.2 Maldives Wetsuits Market Revenues & Volume, By Professional Divers, 2021 - 2031F |
6.4.3 Maldives Wetsuits Market Revenues & Volume, By Water Sports Enthusiasts, 2021 - 2031F |
6.4.4 Maldives Wetsuits Market Revenues & Volume, By Athletes, 2021 - 2031F |
6.4.5 Maldives Wetsuits Market Revenues & Volume, By Military and Rescue, 2021 - 2031F |
6.4.6 Maldives Wetsuits Market Revenues & Volume, By Leisure Market, 2021 - 2031F |
7 Maldives Wetsuits Market Import-Export Trade Statistics |
7.1 Maldives Wetsuits Market Export to Major Countries |
7.2 Maldives Wetsuits Market Imports from Major Countries |
8 Maldives Wetsuits Market Key Performance Indicators |
8.1 Average water temperature in the Maldives |
8.2 Number of tourists engaging in water sports activities |
8.3 Frequency of water sports events in the Maldives |
9 Maldives Wetsuits Market - Opportunity Assessment |
9.1 Maldives Wetsuits Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Maldives Wetsuits Market Opportunity Assessment, By Material, 2021 & 2031F |
9.3 Maldives Wetsuits Market Opportunity Assessment, By Application, 2021 & 2031F |
9.4 Maldives Wetsuits Market Opportunity Assessment, By End Use, 2021 & 2031F |
10 Maldives Wetsuits Market - Competitive Landscape |
10.1 Maldives Wetsuits Market Revenue Share, By Companies, 2024 |
10.2 Maldives Wetsuits 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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