Hong Kong SAR, China - Motor Boats And Motor Yachts, For Pleasure Or Sports - Market Analysis, Forecast, Size, Trends And Insights
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View PricingMotor Boat Price in Hong Kong SAR - 2021
Contents:
- Motor Boat Price in Hong Kong SAR (CIF) - 2022
- Motor Boat Price in Hong Kong SAR (FOB) - 2022
- Motor Boat Imports in Hong Kong SAR
- Motor Boat Exports in Hong Kong SAR
Motor Boat Price in Hong Kong SAR (CIF) - 2022
In 2022, the average motor boat import price amounted to $33,488 per unit, with an increase of 2.9% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.4%. The most prominent rate of growth was recorded in 2019 an increase of 36%. As a result, import price attained the peak level of $42,432 per unit. From 2020 to 2022, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($119,680 per unit), while the price for the Netherlands ($3,837 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+19.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Motor Boat Price in Hong Kong SAR (FOB) - 2022
The average motor boat export price stood at $72,278 per unit in 2022, dropping by -78.2% against the previous year. Over the period under review, the export price recorded a abrupt slump. The pace of growth was the most pronounced in 2020 an increase of 258%. Over the period under review, the average export prices attained the peak figure at $415,221 per unit in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.
Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Thailand ($72,313 per unit), while the average price for exports to Canada stood at $68,738 per unit.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Norway (+58.3%), while the prices for the other major destinations experienced more modest paces of growth.
Motor Boat Imports in Hong Kong SAR
After three years of growth, supplies from abroad of motor boats and motor yachts, for pleasure or sports decreased by -17.9% to 9.3K units in 2022. In general, imports, however, saw significant growth. The pace of growth was the most pronounced in 2020 with an increase of 72%. Over the period under review, imports hit record highs at 11K units in 2021, and then dropped notably in the following year.
In value terms, motor boat imports fell rapidly to $313M in 2022. Over the period under review, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +19.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +68.3% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 45% against the previous year. As a result, imports reached the peak of $371M, and then fell notably in the following year.
| Import of Motor Boat in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 118 | 140 | 226 | 185 | 16.2% |
| United Kingdom | 28.1 | 21.0 | 57.1 | 46.7 | 18.5% |
| United States | 3.1 | 9.7 | 52.8 | 43.2 | 140.6% |
| China | 14.6 | 16.0 | 2.7 | 8.9 | -15.2% |
| Malaysia | 6.0 | 18.6 | 0.7 | 6.8 | 4.3% |
| Netherlands | 0.9 | 20.4 | 0.6 | 5.9 | 87.2% |
| France | 2.5 | 3.9 | 5.8 | 4.7 | 23.4% |
| Poland | 3.9 | 1.0 | 4.7 | 3.8 | -0.9% |
| Singapore | 2.1 | 5.8 | 0.2 | 2.1 | 0.0% |
| Germany | 2.6 | 0.6 | 1.1 | 1.1 | -24.9% |
| Thailand | N/A | 9.8 | 1.5 | N/A | -84.7% |
| Others | 4.4 | 8.3 | 16.9 | 4.5 | 0.8% |
| Total | 186 | 256 | 371 | 313 | 18.9% |
Top Suppliers of Motor Boat to Hong Kong SAR in 2022:
- United States (3869.0 units)
- Italy (1547.0 units)
- Netherlands (1537.0 units)
- United Kingdom (812.0 units)
- Malaysia (394.0 units)
- Poland (271.0 units)
- China (254.0 units)
- France (191.0 units)
- Germany (123.0 units)
- Singapore (114.0 units)
Motor Boat Exports in Hong Kong SAR
Motor boat exports from Hong Kong SAR skyrocketed to 14 units in 2022, jumping by 250% compared with the previous year's figure. Overall, exports, however, showed a dramatic decline. The exports peaked at 73 units in 2020; however, from 2021 to 2022, the exports failed to regain momentum.
In value terms, motor boat exports reduced to $1M in 2022. Over the period under review, exports, however, faced a significant decline. The most prominent rate of growth was recorded in 2020 when exports increased by 317%. As a result, the exports attained the peak of $17M. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Motor Boat in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 3.1 | N/A | N/A | 1.0 | -31.4% |
| United Kingdom | 0.3 | N/A | N/A | N/A | 0% |
| Malta | N/A | 1.7 | N/A | N/A | 0% |
| Italy | N/A | 12.9 | N/A | N/A | 0% |
| Netherlands | N/A | 1.8 | N/A | N/A | 0% |
| Others | 0.5 | 0.3 | 1.2 | N/A | 54.9% |
| Total | 4.0 | 16.7 | 1.2 | 1.0 | -37.0% |
Top Export Markets for Motor Boat from Hong Kong SAR in 2022:
- Thailand (14.0 units)
This report provides an in-depth analysis of the motor boat market in Hong Kong SAR, China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 30121930 - Motor boats and motor yachts, for pleasure or sports (excluding outboard motor boats)
Country coverage:
- Hong Kong SAR
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Hong Kong SAR, China
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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