Chile: Motor Boat Market 2024

Motor Boat Market Size in Chile

In 2022, the Chilean motor boat market decreased by X% to $X, falling for the fourth consecutive year after three years of growth. Overall, consumption continues to indicate a abrupt downturn. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Motor Boat Exports

Exports from Chile

In 2022, approx. X units of motor boats and motor yachts, for pleasure or sports were exported from Chile; stabilizing at 2021 figures. Over the period under review, exports saw a slight slump. The growth pace was the most rapid in 2019 with an increase of X%. Over the period under review, the exports attained the peak figure at X units in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, motor boat exports skyrocketed to $X in 2022. Overall, exports posted significant growth. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

Panama (X units), Bolivia (X units) and the United States (X units) were the main destinations of motor boat exports from Chile, with a combined X% share of total exports. Moreover, motor boat exports in Panama exceeded the figures recorded by the second-largest exporter, Bolivia, twofold.

From 2012 to 2022, the biggest increases were recorded for Panama (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Panama ($X) remains the key foreign market for motor boats and motor yachts, for pleasure or sports exports from Chile, comprising X% of total exports. The second position in the ranking was held by the United States ($X), with a X% share of total exports. It was followed by Bolivia, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Panama totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Bolivia (X% per year).

Export Prices by Country

In 2022, the average motor boat export price amounted to $X per unit, growing by X% against the previous year. In general, the export price saw a significant increase. The pace of growth appeared the most rapid in 2015 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per unit in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Panama ($X per unit), while the average price for exports to the UK ($X 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 Panama (X%), while the prices for the other major destinations experienced more modest paces of growth.

Motor Boat Imports

Imports into Chile

In 2022, supplies from abroad of motor boats and motor yachts, for pleasure or sports decreased by X% to X units, falling for the fourth year in a row after three years of growth. Overall, imports continue to indicate a abrupt setback. The pace of growth was the most pronounced in 2018 when imports increased by X%. As a result, imports attained the peak of X units. From 2019 to 2022, the growth of imports failed to regain momentum.

In value terms, motor boat imports dropped to $X in 2022. In general, imports saw a abrupt contraction. The pace of growth appeared the most rapid in 2017 when imports increased by X%. Imports peaked at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, France (X units) constituted the largest supplier of motor boat to Chile, with a X% share of total imports. Moreover, motor boat imports from France exceeded the figures recorded by the second-largest supplier, the United States (X units), fourfold. The Netherlands (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from France totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and the Netherlands (X% per year).

In value terms, the United States ($X) constituted the largest supplier of motor boats and motor yachts, for pleasure or sports to Chile, comprising X% of total imports. The second position in the ranking was taken by France ($X), with an X% share of total imports. It was followed by Sweden, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (X% per year) and Sweden (X% per year).

Import Prices by Country

The average motor boat import price stood at $X per unit in 2022, with an increase of X% against the previous year. In general, import price indicated a notable 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. Based on 2022 figures, motor boat import price increased by X% against 2017 indices. The most prominent rate of growth was recorded in 2017 an increase of X%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per unit), while the price for France ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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