Asia: Sailboat Market 2024

Sailboat Market Size in Asia

In 2022, after three years of growth, there was significant decline in the Asian sailboat market, when its value decreased by X% to $X. In general, consumption recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market failed to regain momentum.

Sailboat Production in Asia

In value terms, sailboat production expanded to $X in 2022 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the production volume increased by X% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Sailboat Exports

Exports in Asia

In 2022, sailboat exports in Asia fell rapidly to X units, waning by X% compared with the previous year's figure. Over the period under review, exports showed a deep slump. 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, sailboat exports fell remarkably to $X in 2022. In general, exports showed a noticeable slump. The pace of growth was the most pronounced in 2017 with an increase of X%. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Turkey represented the largest exporting country with an export of around X units, which recorded X% of total exports. It was distantly followed by Vietnam (X units), Singapore (X units), Hong Kong SAR (X units), Oman (X units), the United Arab Emirates (X units) and Indonesia (X units), together mixing up a X% share of total exports. India (X units) took a minor share of total exports.

Turkey was also the fastest-growing in terms of the sailboats for pleasure or sports, with or without auxiliary motor exports, with a CAGR of X% from 2012 to 2022. At the same time, India (X%), Oman (X%), Vietnam (X%), Hong Kong SAR (X%) and the United Arab Emirates (X%) displayed positive paces of growth. Indonesia experienced a relatively flat trend pattern. By contrast, Singapore (X%) illustrated a downward trend over the same period. While the share of Turkey (X p.p.), Vietnam (X p.p.), Hong Kong SAR (X p.p.), Oman (X p.p.), the United Arab Emirates (X p.p.), Indonesia (X p.p.), India (X p.p.) and Singapore (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X), Vietnam ($X) and the United Arab Emirates ($X) constituted the countries with the highest levels of exports in 2022, with a combined X% share of total exports. Oman, Hong Kong SAR, Singapore, Indonesia and India lagged somewhat behind, together accounting for a further X%.

Among the main exporting countries, Oman, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Asia amounted to $X per unit, surging by X% against the previous year. Overall, the export price saw a remarkable increase. As a result, the export 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 exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per unit), while India ($X per unit) was amongst the lowest.

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

Sailboat Imports

Imports in Asia

In 2022, purchases abroad of sailboats for pleasure or sports, with or without auxiliary motor decreased by X% to X units, falling for the second year in a row after two years of growth. In general, imports continue to indicate a noticeable slump. The pace of growth was the most pronounced in 2017 with an increase of X%. As a result, imports reached the peak of X units. From 2018 to 2022, the growth of imports remained at a lower figure.

In value terms, sailboat imports reduced notably to $X in 2022. Over the period under review, imports continue to indicate a noticeable setback. The pace of growth appeared the most rapid in 2017 with an increase of X%. As a result, imports reached the peak of $X. From 2018 to 2022, the growth of imports remained at a lower figure.

Imports by Country

The United Arab Emirates represented the key importer of sailboats for pleasure or sports, with or without auxiliary motor in Asia, with the volume of imports recording X units, which was approx. X% of total imports in 2022. Taiwan (Chinese) (X units) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Qatar (X%), Hong Kong SAR (X%) and Georgia (X%). Pakistan (X units), Japan (X units), Maldives (X units), Singapore (X units), South Korea (X units) and Malaysia (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to sailboat imports into the United Arab Emirates stood at X%. At the same time, Georgia (X%), Pakistan (X%), Taiwan (Chinese) (X%), Qatar (X%) and Maldives (X%) displayed positive paces of growth. Moreover, Georgia emerged as the fastest-growing importer imported in Asia, with a CAGR of X% from 2012-2022. By contrast, Hong Kong SAR (X%), Japan (X%), Singapore (X%), Malaysia (X%) and South Korea (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the United Arab Emirates, Taiwan (Chinese), Georgia, Qatar, Pakistan and Maldives increased by X, X, X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest sailboat importing markets in Asia were Hong Kong SAR ($X), the United Arab Emirates ($X) and Japan ($X), with a combined X% share of total imports. Maldives, South Korea, Taiwan (Chinese), Malaysia, Qatar, Singapore, Pakistan and Georgia lagged somewhat behind, together accounting for a further X%.

Georgia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries 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, with a decrease of X% against the previous year. Over the period under review, the import price saw a mild decline. The growth pace was the most rapid in 2021 an increase of X%. As a result, import price reached the peak level of $X per unit, and then shrank remarkably in the following year.

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 ($X per unit), while Georgia ($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 United Arab Emirates (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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