Asia: Motor Boat Market 2024

Motor Boat Market Size in Asia

In 2022, the Asian motor boat market was finally on the rise to reach $X after four years of decline. In general, consumption continues to indicate a abrupt shrinkage. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Motor Boat Production in Asia

In value terms, motor boat production dropped modestly to $X in 2022 estimated in export price. In general, production, however, continues to indicate a abrupt curtailment. The pace of growth was the most pronounced in 2021 when the production volume increased by X%. 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 Asia

Motor boat exports dropped dramatically to X units in 2022, with a decrease of X% compared with the year before. Over the period under review, exports showed a slight contraction. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. As a result, the exports attained the peak of X units. From 2019 to 2022, the growth of the exports remained at a lower figure.

In value terms, motor boat exports shrank dramatically to $X in 2022. Overall, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when exports increased by X%. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

In 2022, Turkey (X units) represented the major exporter of motor boats and motor yachts, for pleasure or sports, constituting X% of total exports. The United Arab Emirates (X units) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Singapore (X%), Oman (X%), Japan (X%), Bahrain (X%), Cambodia (X%) and Malaysia (X%).

Turkey experienced a relatively flat trend pattern with regard to volume of exports of motor boats and motor yachts, for pleasure or sports. At the same time, Oman (X%) and Cambodia (X%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing exporter exported in Asia, with a CAGR of X% from 2012-2022. Malaysia experienced a relatively flat trend pattern. By contrast, Singapore (X%), the United Arab Emirates (X%), Japan (X%) and Bahrain (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Oman, Turkey and Cambodia increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest motor boat supplier in Asia, comprising X% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a X% share of total exports. It was followed by Malaysia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Turkey amounted to X%. In the other countries, the average annual rates were as follows: the United Arab Emirates (X% per year) and Malaysia (X% per year).

Export Prices by Country

The export price in Asia stood at $X per unit in 2022, shrinking by X% against the previous year. Overall, the export price, however, continues to indicate modest growth. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. The level of export peaked at $X per unit in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

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 Turkey ($X per unit), while Oman ($X per unit) was amongst the lowest.

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

Motor Boat Imports

Imports in Asia

In 2022, supplies from abroad of motor boats and motor yachts, for pleasure or sports decreased by X% to X units for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports saw a pronounced downturn. The most prominent rate of growth was recorded in 2016 with an increase of X%. The volume of import peaked at X units in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, motor boat imports shrank rapidly to $X in 2022. In general, imports, however, showed temperate growth. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at $X in 2017; however, from 2018 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the United Arab Emirates (X units) was the main importer of motor boats and motor yachts, for pleasure or sports, constituting X% of total imports. Singapore (X units) held the second position in the ranking, followed by Hong Kong SAR (X units), Turkey (X units), Japan (X units), South Korea (X units), Qatar (X units) and Malaysia (X units). All these countries together took near X% share of total imports.

Imports into the United Arab Emirates increased at an average annual rate of X% from 2012 to 2022. At the same time, Turkey (X%), Singapore (X%), South Korea (X%), Japan (X%), Hong Kong SAR (X%), Qatar (X%) and Malaysia (X%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing importer imported in Asia, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of the United Arab Emirates, Singapore, Turkey, Hong Kong SAR, South Korea, Japan, Qatar and Malaysia increased by X, X, X, X, X, X, X and X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Hong Kong SAR ($X), Turkey ($X) and the United Arab Emirates ($X) appeared to be the countries with the highest levels of imports in 2022, together accounting for X% of total imports.

In terms of the main importing countries, Turkey, with a CAGR of X%, recorded 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

In 2022, the import price in Asia amounted to $X per unit, growing by X% against the previous year. In general, the import price continues to indicate a resilient expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 Hong Kong SAR ($X,751 per unit), while Singapore ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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