ASEAN: Motor Boat Market 2024

Motor Boat Market Size in ASEAN

The ASEAN motor boat market stood at $X in 2022, remaining stable against the previous year. Over the period under review, consumption showed a abrupt contraction. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Motor Boat Production in ASEAN

In value terms, motor boat production rose modestly to $X in 2022 estimated in export price. Overall, production saw a abrupt descent. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Motor Boat Exports

Exports in ASEAN

Motor boat exports reduced remarkably to X units in 2022, which is down by X% against 2021. In general, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X units in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, motor boat exports contracted sharply to $X in 2022. Overall, exports continue to indicate a abrupt contraction. The pace of growth was the most pronounced in 2019 when exports increased by X%. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Singapore was the main exporting country with an export of about X units, which finished at X% of total exports. Cambodia (X units) held the second position in the ranking, followed by Malaysia (X units). All these countries together took near X% share of total exports. Myanmar (X units), the Philippines (X units), Vietnam (X units) and Indonesia (X units) held a relatively small share of total exports.

From 2012 to 2022, average annual rates of growth with regard to motor boat exports from Singapore stood at X%. At the same time, Cambodia (X%) displayed positive paces of growth. Moreover, Cambodia emerged as the fastest-growing exporter exported in ASEAN, with a CAGR of X% from 2012-2022. Malaysia and the Philippines experienced a relatively flat trend pattern. By contrast, Vietnam (X%), Indonesia (X%) and Myanmar (X%) illustrated a downward trend over the same period. Cambodia (X p.p.) significantly strengthened its position in terms of the total exports, while Singapore saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Malaysia ($X) remains the largest motor boat supplier in ASEAN, comprising X% of total exports. The second position in the ranking was taken by Singapore ($X), with a X% share of total exports. It was followed by Cambodia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Malaysia totaled X%. The remaining exporting countries recorded the following average annual rates of exports growth: Singapore (X% per year) and Cambodia (X% per year).

Export Prices by Country

The export price in ASEAN stood at $X per unit in 2022, rising by X% against the previous year. Overall, the export price, however, recorded a abrupt contraction. The growth pace was the most rapid in 2017 when the export price increased by X%. As a result, the export price attained the peak level of $X per unit. From 2018 to 2022, the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Malaysia ($X per unit), while Myanmar ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (X%), while the other leaders experienced a decline in the export price figures.

Motor Boat Imports

Imports in ASEAN

In 2022, the amount of motor boats and motor yachts, for pleasure or sports imported in ASEAN plummeted to X units, which is down by X% on the previous year. In general, imports recorded a mild downturn. The most prominent rate of growth was recorded in 2018 when imports increased by X%. As a result, imports reached the peak of X units. From 2019 to 2022, the growth of imports failed to regain momentum.

In value terms, motor boat imports surged to $X in 2022. Overall, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

Singapore was the main importing country with an import of around X units, which finished at X% of total imports. Malaysia (X units) ranks second in terms of the total imports with a X% share, followed by Cambodia (X%). The following importers - Vietnam (X units), the Philippines (X units), Indonesia (X units) and Myanmar (X units) - each finished at an X% share of total imports.

Imports into Singapore increased at an average annual rate of X% from 2012 to 2022. At the same time, Cambodia (X%), Myanmar (X%), Vietnam (X%) and Malaysia (X%) displayed positive paces of growth. Moreover, Cambodia emerged as the fastest-growing importer imported in ASEAN, with a CAGR of X% from 2012-2022. By contrast, the Philippines (X%) and Indonesia (X%) illustrated a downward trend over the same period. Singapore (X p.p.), Malaysia (X p.p.) and Cambodia (X p.p.) significantly strengthened its position in terms of the total imports, while Indonesia saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Singapore ($X), Malaysia ($X) and Vietnam ($X) were the countries with the highest levels of imports in 2022, with a combined X% share of total imports.

Among the main importing countries, Vietnam, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in ASEAN stood at $X per unit in 2022, jumping by X% against the previous year. Import price indicated a tangible increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of import peaked at $X per unit in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Vietnam ($X per unit), while Singapore ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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