What Does Brexit Mean for the Kayaking Industry? by P&H Custom Sea Kayaks
 

What Does Brexit Mean for the Kayaking Industry?

The British public have spoken, and they’ve elected to leave the European Union.

The full effects of Brexit are yet to be seen, and this resultant uncertainty in the UK’s political climate has led to a significant fall in the value of the Pound in relation to both the Dollar and the Euro.

For non-UK manufacturers, this means their products have become much more expensive when imported to the UK market, whereas our products (proudly made in the UK since 1971) have remained at the same price to our UK customers, and are now even better value to those in the US, EU and further afield.

However, this won’t last; although we manufacture all of our products in the UK, many of the raw materials and much of the packaging are oil-based, and as oil is traded in Dollars, the cost of these is sure to rise in the next few months once our pre-agreed contract pricing comes to an end.

If you’re asking yourself, ‘Is now the right time to buy a kayak?’, the answer is a resounding yes, as no one can predict by how much prices of the raw materials that go in to a kayak will rise, but as the margins we make on them is minimal, these price rises are sure to affect the consumer.

There has never been a better time to buy a British Canoe or Kayak, check out the P&H Sea Kayaks range now.

This entry was posted on Tuesday, July 12th, 2016 at 9:30 am and is filed under News.


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