Economy outfall on the kite industry

Pete · Since 29 Oct 2007 844 Posts Opinionated

I saw Slingshot's "incentive" on the T3 on ikitesurf today, and it got me thinking that the economy is likely going to take a bite out of kite industry revenue. Less disposable income = less kites. Seems like many struggling companies may fall out, and more established will likely see lower revenues for a few years.

With all the newbs at the spit, maybe you guys are thinking otherwise. Hoping this is not the case, but realistically, think it is.

Pepi · Tue Jul 08, 08 2:21 pm

Actually, the biggest scare is preparing for the increase in pricing for kiteboard products going into 09'. Rumors are that we should expect at least a 10% price increase due to the rise in oil prices (think raw materials, product, and shipping= all oil dependent).

The windsurf industry is going to get hit even harder with board production mold pricing going up in Thailand, as well as the ever increasing displacement in value between the Euro and the US dollar.

We've been telling people to make sure to get their gear in 08 and not wait until the 09 gear comes out, because the 09 stuff is certainly going to make a jump up in price.

For some reason when things get tight, the smaller companies are the ones that seem to benefit. Less overhead and less inventory allow for quick adjustments in production and distribution.

Pepi

Charliesurf · Since 01 May 2008 4 Posts New Member

Hi,

If you dont mind me asking, what was the deal on the T3's ?

or do you have a link ?

Thanks

Charlie

KingE · Since 27 Apr 2006 58 Posts Lake Wenatchee

Don't forget your dollar isn't worth what it used be. Evil or Very Mad

Jeb

Pepi · Wed Jul 09, 08 9:11 am **Re: Incentive on T3**