Hong Kong SAR, China - Outboard Motors for Marine Propulsion - Market Analysis, Forecast, Size, Trends And Insights
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View PricingOutboard Boat Motors Price in Hong Kong SAR - 2023
Contents:
- Outboard Boat Motors Price in Hong Kong SAR (CIF) - 2023
- Outboard Boat Motors Price in Hong Kong SAR (FOB) - 2022
- Outboard Boat Motors Imports in Hong Kong SAR
- Outboard Boat Motors Exports in Hong Kong SAR
Outboard Boat Motors Price in Hong Kong SAR (CIF) - 2023
In August 2023, the average outboard boat motors import price amounted to $5,648 per unit, picking up by 247% against the previous month. Over the period under review, the import price recorded a strong increase. The growth pace was the most rapid in September 2022 when the average import price increased by 357% m-o-m. The import price peaked at $7,429 per unit in January 2023; afterwards, it flattened through to August 2023.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($8,504 per unit), while the price for China ($1,195 per unit) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Thailand (+10.7%), while the prices for the other major suppliers experienced mixed trend patterns.
Outboard Boat Motors Price in Hong Kong SAR (FOB) - 2022
The average outboard boat motors export price stood at $2,313 per unit in 2022, picking up by 9.9% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the average export price increased by 32%. Over the period under review, the average export prices attained the peak figure at $2,335 per unit in 2012; afterwards, it flattened through to 2022.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Singapore ($2,472 per unit), while the average price for exports to China ($1,599 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Kiribati (+9.0%), while the prices for the other major destinations experienced a decline.
Outboard Boat Motors Imports in Hong Kong SAR
Outboard boat motors imports into Hong Kong SAR expanded sharply to 4K units in 2022, with an increase of 13% compared with the year before. The total import volume increased at an average annual rate of +3.9% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 with an increase of 15% against the previous year. As a result, imports attained the peak of 4.1K units. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, outboard boat motors imports reduced rapidly to $12M in 2022. Over the period under review, imports recorded moderate growth. The pace of growth was the most pronounced in 2020 when imports increased by 98% against the previous year. As a result, imports reached the peak of $21M. From 2021 to 2022, the growth of imports failed to regain momentum.
| Import of Outboard Boat Motors in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 5.2 | 9.5 | 6.8 | 6.8 | 9.4% |
| United States | 3.8 | 10.0 | 7.2 | 4.1 | 2.6% |
| China | 0.6 | 0.6 | 0.5 | 0.7 | 5.3% |
| Thailand | 0.2 | 0.3 | 0.3 | 0.3 | 14.5% |
| Others | 0.8 | 0.7 | 0.1 | 0.2 | -37.0% |
| Total | 10.7 | 21.1 | 14.9 | 12.0 | 3.9% |
Top Suppliers of Outboard Boat Motors to Hong Kong SAR in 2022:
- Japan (3130.0 units)
- United States (359.0 units)
- Thailand (264.0 units)
- China (190.0 units)
Outboard Boat Motors Exports in Hong Kong SAR
In 2022, approx. 1.4K units of outboard motors for marine propulsion were exported from Hong Kong SAR; increasing by 68% compared with 2021 figures. In general, total exports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +7.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -14.5% against 2020 indices. The exports peaked at 1.6K units in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.
In value terms, outboard boat motors exports skyrocketed to $3.2M in 2022. Overall, total exports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +11.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Outboard Boat Motors in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 932 | 999 | 546 | 2,096 | 31.0% |
| China | 757 | 890 | 497 | 376 | -20.8% |
| Kiribati | N/A | 20.5 | 195 | 325 | 298.2% |
| Guinea | 452 | 564 | 170 | 237 | -19.4% |
| Others | 145 | 282 | 329 | 169 | 5.2% |
| Total | 2,285 | 2,754 | 1,737 | 3,204 | 11.9% |
Top Export Markets for Outboard Boat Motors from Hong Kong SAR in 2022:
- Singapore (848.0 units)
- China (235.0 units)
- Kiribati (147.0 units)
- Guinea (142.0 units)
This report provides an in-depth analysis of the outboard boat motors 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 28111100 - Marine propulsion spark ignition reciprocating or rotary internal combustion piston engines, outboard motors
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
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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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