Price for Yachts and Other Vessels; for Pleasure or Sports, Rowing Boats and Canoes in Canada - 2024

Contents:

1. Price for Yachts and Other Vessels; for Pleasure or Sports, Rowing Boats and Canoes in Canada (CIF) - 2022
2. Price for Yachts and Other Vessels; for Pleasure or Sports, Rowing Boats and Canoes in Canada (FOB) - 2024
3. Imports of Yachts and Other Vessels; for Pleasure or Sports, Rowing Boats and Canoes in Canada
4. Exports of Yachts and Other Vessels; for Pleasure or Sports, Rowing Boats and Canoes in Canada

Price for Yachts and Other Vessels; for Pleasure or Sports, Rowing Boats and Canoes in Canada (CIF) - 2022

In 2022, the average import price for yachts and other vessels; for pleasure or sports, rowing boats and canoeses amounted to $1,425 per unit, reducing by -4.2% against the previous year. In general, the import price saw a abrupt decrease. The growth pace was the most rapid in 2018 an increase of 4.3%. The import price peaked at $5,152 per unit in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Mexico ($10,404 per unit), while the price for China ($81 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (-2.9%), while the prices for the other major suppliers experienced a decline.

Price for Yachts and Other Vessels; for Pleasure or Sports, Rowing Boats and Canoes in Canada (FOB) - 2024

The average export price for yachts and other vessels; for pleasure or sports, rowing boats and canoeses stood at $2,053 per unit in January 2024, surging by 11% against the previous month. Overall, the export price enjoyed resilient growth. The growth pace was the most rapid in August 2023 an increase of 121% month-to-month. The export price peaked at $2,429 per unit in September 2023; afterwards, it flattened through to January 2024.

Prices varied noticeably by the country of destination: the country with the highest price was the United States ($2,127 per unit), while the average price for exports to Poland totaled $427 per unit.

From January 2023 to January 2024, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+6.3%).

Imports of Yachts and Other Vessels; for Pleasure or Sports, Rowing Boats and Canoes in Canada

Imports of yachts and other vessels; for pleasure or sports, rowing boats and canoeses into Canada rose significantly to 742K units in 2022, picking up by 6.3% compared with the previous year. Overall, imports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2021 when imports increased by 162% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to see steady growth in the immediate term.

In value terms, imports of yachts and other vessels; for pleasure or sports, rowing boats and canoeses rose to $1.1B in 2022. Over the period under review, imports recorded resilient growth. The most prominent rate of growth was recorded in 2021 when imports increased by 105%. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the immediate term.

Top Suppliers of Yachts and Other Vessels; for Pleasure or Sports, Rowing Boats and Canoes to Canada in 2022:

1. China (500.3K units)
2. United States (201.3K units)
3. Mexico (9.9K units)

Exports of Yachts and Other Vessels; for Pleasure or Sports, Rowing Boats and Canoes in Canada

After three years of growth, shipments abroad of yachts and other vessels; for pleasure or sports, rowing boats and canoeses decreased by -44.5% to 269K units in 2022. In general, exports continue to indicate a deep slump. The most prominent rate of growth was recorded in 2020 when exports increased by 32%. The exports peaked at 484K units in 2021, and then dropped remarkably in the following year.

In value terms, exports of yachts and other vessels; for pleasure or sports, rowing boats and canoeses contracted dramatically to $193M in 2022. Over the period under review, total exports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +7.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +22.4% against 2019 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 51%. As a result, the exports reached the peak of $264M, and then shrank notably in the following year.

Top Export Markets for Yachts and Other Vessels; for Pleasure or Sports, Rowing Boats and Canoes from Canada in 2022:

1. United States (256.3K units)
2. Kuwait (7.2K units)

Source: IndexBox Market Intelligence Platform