Price for Yachts and Other Vessels; for Pleasure or Sports, Rowing Boats and Canoes in South Korea - 2022
Contents:
- Price for Yachts and Other Vessels; for Pleasure or Sports, Rowing Boats and Canoes in South Korea (CIF) - 2022
- Price for Yachts and Other Vessels; for Pleasure or Sports, Rowing Boats and Canoes in South Korea (FOB) - 2022
- Imports of Yachts and Other Vessels; for Pleasure or Sports, Rowing Boats and Canoes in South Korea
- Exports of Yachts and Other Vessels; for Pleasure or Sports, Rowing Boats and Canoes in South Korea
Price for Yachts and Other Vessels; for Pleasure or Sports, Rowing Boats and Canoes in South Korea (CIF) - 2022
The average import price for yachts and other vessels; for pleasure or sports, rowing boats and canoeses stood at $913 per unit in 2022, which is down by -6% against the previous year. Over the period under review, the import price, however, enjoyed prominent growth. The most prominent rate of growth was recorded in 2017 an increase of 79%. Over the period under review, average import prices hit record highs at $970 per unit in 2021, and then fell in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($6,861 per unit), while the price for China ($151 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+32.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Yachts and Other Vessels; for Pleasure or Sports, Rowing Boats and Canoes in South Korea (FOB) - 2022
In 2022, the average export price for yachts and other vessels; for pleasure or sports, rowing boats and canoeses amounted to $2,127 per unit, shrinking by -8.2% against the previous year. Over the period under review, the export price, however, recorded a strong increase. The pace of growth was the most pronounced in 2017 when the average export price increased by 312%. Over the period under review, the average export prices attained the maximum at $4,459 per unit in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($22,996 per unit), while the average price for exports to Greece ($44 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 the United States (+37.2%), 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 South Korea
In 2022, approx. 46K units of yachts and other vessels; for pleasure or sports, rowing boats and canoeses were imported into South Korea; picking up by 21% compared with 2021. Overall, imports, however, showed a abrupt decrease. Over the period under review, imports of hit record highs at 58K units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, imports of yachts and other vessels; for pleasure or sports, rowing boats and canoeses expanded notably to $42M 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 +6.3% 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 +71.8% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 52%. Over the period under review, imports of reached the peak figure in 2022 and are expected to retain growth in the immediate term.
| Import of Yachts and Other Vessels; for Pleasure or Sports, Rowing Boats and Canoes in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 10.9 | 6.5 | 11.8 | 11.4 | 1.5% |
| Mexico | 4.5 | 3.1 | 5.1 | 7.3 | 17.5% |
| France | 2.9 | 2.7 | 1.9 | 5.7 | 25.3% |
| China | 7.1 | 2.8 | 4.4 | 4.8 | -12.2% |
| Japan | 2.6 | 1.4 | 1.5 | 1.2 | -22.7% |
| Australia | 0.1 | 0.2 | 0.2 | 0.3 | 44.2% |
| Portugal | 0.2 | 0.2 | 0.6 | 0.3 | 14.5% |
| Others | 6.2 | 7.2 | 11.2 | 10.7 | 19.9% |
| Total | 34.6 | 24.2 | 36.7 | 41.5 | 6.2% |
Top Suppliers of Yachts and Other Vessels; for Pleasure or Sports, Rowing Boats and Canoes to South Korea in 2022:
- China (31.6K units)
- United States (4.3K units)
- Mexico (3.2K units)
- Australia (0.9K units)
- France (0.8K units)
- Portugal (0.4K units)
- Japan (0.4K units)
Exports of Yachts and Other Vessels; for Pleasure or Sports, Rowing Boats and Canoes in South Korea
Exports of yachts and other vessels; for pleasure or sports, rowing boats and canoeses from South Korea rose sharply to 3.1K units in 2022, growing by 13% against 2021. Overall, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 97% against the previous year. Over the period under review, the exports of attained the peak figure in 2022 and are expected to retain growth in the near future.
In value terms, exports of yachts and other vessels; for pleasure or sports, rowing boats and canoeses expanded modestly to $6.7M in 2022. Over the period under review, exports saw a strong expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 103%. Over the period under review, the exports of reached the maximum in 2022 and are expected to retain growth in the immediate term.
| Export of Yachts and Other Vessels; for Pleasure or Sports, Rowing Boats and Canoes in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 345 | 27.1 | 948 | 2,056 | 81.3% |
| United States | 567 | 571 | 1,757 | 1,371 | 34.2% |
| Malaysia | 21.6 | 1.5 | 71.0 | 381 | 160.3% |
| Austria | 60.9 | 264 | 401 | 336 | 76.7% |
| Palau | 101 | 135 | 147 | 191 | 23.7% |
| Morocco | 137 | 155 | 143 | 158 | 4.9% |
| United Kingdom | 22.6 | 531 | 950 | 151 | 88.3% |
| Angola | 93.9 | 119 | 122 | 151 | 17.2% |
| Chile | 11.3 | 1.2 | 370 | 73.4 | 86.6% |
| Belarus | 25.8 | 31.0 | 30.2 | 35.3 | 11.0% |
| Spain | 0.1 | 2.1 | 12.5 | 25.3 | 532.5% |
| Norway | 76.5 | 20.1 | 124 | 16.8 | -39.7% |
| Greece | 9.9 | 11.6 | 11.0 | 12.5 | 8.1% |
| Others | 2,723 | 1,318 | 1,386 | 1,736 | -13.9% |
| Total | 4,194 | 3,187 | 6,474 | 6,695 | 16.9% |
Top Export Markets for Yachts and Other Vessels; for Pleasure or Sports, Rowing Boats and Canoes from South Korea in 2022:
- Russia (891.0 units)
- Malaysia (831.0 units)
- Greece (287.0 units)
- Spain (261.0 units)
- United States (180.0 units)
- Belarus (96.0 units)
- Austria (64.0 units)
- United Kingdom (44.0 units)
- Palau (37.0 units)
- Morocco (30.0 units)
- Angola (29.0 units)
- Chile (27.0 units)
- Norway (20.0 units)
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