Price for Yachts and Other Vessels; for Pleasure or Sports, Rowing Boats and Canoes in Singapore - 2023
Contents:
- Price for Yachts and Other Vessels; for Pleasure or Sports, Rowing Boats and Canoes in Singapore (CIF) - 2022
- Price for Yachts and Other Vessels; for Pleasure or Sports, Rowing Boats and Canoes in Singapore (FOB) - 2022
- Imports of Yachts and Other Vessels; for Pleasure or Sports, Rowing Boats and Canoes in Singapore
- Exports of Yachts and Other Vessels; for Pleasure or Sports, Rowing Boats and Canoes in Singapore
Price for Yachts and Other Vessels; for Pleasure or Sports, Rowing Boats and Canoes in Singapore (CIF) - 2022
The average import price for yachts and other vessels; for pleasure or sports, rowing boats and canoeses stood at $4,076 per unit in 2022, with an increase of 113% against the previous year. Over the period under review, the import price, however, recorded a deep reduction. The import price peaked at $12,247 per unit in 2014; however, from 2015 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($35,708 per unit), while the price for China ($198 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+21.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Yachts and Other Vessels; for Pleasure or Sports, Rowing Boats and Canoes in Singapore (FOB) - 2022
The average export price for yachts and other vessels; for pleasure or sports, rowing boats and canoeses stood at $15,336 per unit in 2022, growing by 24% against the previous year. In general, the export price, however, saw a mild setback. The most prominent rate of growth was recorded in 2019 an increase of 109% against the previous year. Over the period under review, the average export prices reached the maximum at $34,314 per unit in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Turkey ($166,091 per unit), while the average price for exports to France ($1,808 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 Hungary (+55.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Yachts and Other Vessels; for Pleasure or Sports, Rowing Boats and Canoes in Singapore
Imports of yachts and other vessels; for pleasure or sports, rowing boats and canoeses into Singapore reduced markedly to 11K units in 2022, shrinking by -44.3% against 2021. In general, imports, however, showed a prominent increase. The growth pace was the most rapid in 2021 with an increase of 276%. As a result, imports attained the peak of 19K units, and then shrank notably in the following year.
In value terms, imports of yachts and other vessels; for pleasure or sports, rowing boats and canoeses soared to $43M in 2022. Over the period under review, imports, however, posted significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 121%. Over the period under review, imports of attained the peak figure in 2022 and are likely to continue growth in the immediate term.
| Import of Yachts and Other Vessels; for Pleasure or Sports, Rowing Boats and Canoes in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 4.3 | 4.3 | 0.4 | 27.7 | 86.1% |
| United States | 3.7 | 1.5 | 3.5 | 6.3 | 19.4% |
| Malaysia | 4.8 | 5.7 | 20.3 | 2.1 | -24.1% |
| Indonesia | 0.9 | 0.4 | 0.3 | 1.2 | 10.1% |
| China | 1.8 | 0.7 | 3.3 | 1.2 | -12.6% |
| United Arab Emirates | 0.2 | 0.1 | N/A | 0.4 | 26.0% |
| Australia | 0.3 | 0.6 | 0.3 | N/A | 0.0% |
| Others | 7.1 | 3.2 | 8.2 | 3.9 | -18.1% |
| Total | 23.2 | 16.4 | 36.3 | 42.9 | 22.7% |
Top Suppliers of Yachts and Other Vessels; for Pleasure or Sports, Rowing Boats and Canoes to Singapore in 2022:
- China (5.9K units)
- Indonesia (1.5K units)
- Italy (1.0K units)
- United States (0.7K units)
- United Arab Emirates (0.5K units)
- Malaysia (0.1K units)
Exports of Yachts and Other Vessels; for Pleasure or Sports, Rowing Boats and Canoes in Singapore
For the third year in a row, Singapore recorded decline in shipments abroad of yachts and other vessels; for pleasure or sports, rowing boats and canoeses, which decreased by -13.3% to 2K units in 2022. In general, exports faced a significant decline. The exports peaked at 7.3K units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, exports of yachts and other vessels; for pleasure or sports, rowing boats and canoeses amounted to $31M in 2022. Over the period under review, exports continue to indicate a abrupt descent. Over the period under review, the exports of reached the maximum at $52M in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
| Export of Yachts and Other Vessels; for Pleasure or Sports, Rowing Boats and Canoes in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 0.4 | 4.0 | 0.1 | 8.1 | 172.6% |
| Italy | N/A | N/A | 0.3 | 6.8 | 2166.7% |
| Australia | 16.7 | 1.8 | 0.2 | 4.5 | -35.4% |
| Bangladesh | N/A | N/A | N/A | 3.3 | 0% |
| United States | 0.3 | 7.4 | 15.1 | 2.1 | 91.3% |
| Indonesia | 2.5 | 5.5 | 2.8 | 1.4 | -17.6% |
| Philippines | 0.1 | 0.1 | N/A | 0.8 | 100.0% |
| Malaysia | 3.1 | 0.8 | 2.5 | 0.8 | -36.3% |
| United Arab Emirates | 11.3 | N/A | N/A | 0.7 | -60.4% |
| Maldives | 1.4 | N/A | N/A | 0.5 | -29.1% |
| France | N/A | 0.1 | N/A | 0.4 | 100.0% |
| United Kingdom | 0.6 | N/A | 1.7 | 0.3 | -20.6% |
| South Africa | 5.0 | N/A | N/A | N/A | 0% |
| Others | 10.9 | 20.9 | 6.1 | 1.4 | -49.5% |
| Total | 52.4 | 40.7 | 28.9 | 31.2 | -15.9% |
Top Export Markets for Yachts and Other Vessels; for Pleasure or Sports, Rowing Boats and Canoes from Singapore in 2022:
- Indonesia (462.0 units)
- Bangladesh (392.0 units)
- Italy (301.0 units)
- France (221.0 units)
- Maldives (125.0 units)
- Australia (98.0 units)
- Malaysia (70.0 units)
- United Kingdom (51.0 units)
- Turkey (49.0 units)
- United States (48.0 units)
- Philippines (48.0 units)
- United Arab Emirates (47.0 units)
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