CIS: Outboard Boat Motors Market 2024

Outboard Boat Motors Market Size in CIS

The CIS outboard boat motors market skyrocketed to $X in 2023, with an increase of X% against the previous year. The total consumption indicated a notable increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption increased by X% against 2020 indices. Over the period under review, the market reached the maximum level in 2023 and is likely to continue growth in years to come.

Outboard Boat Motors Production in CIS

In value terms, outboard boat motors production reached $X in 2023 estimated in export price. Overall, production recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 with an increase of X%. Over the period under review, production attained the maximum level at $X in 2013; however, from 2014 to 2023, production remained at a lower figure.

Outboard Boat Motors Exports

Exports in CIS

Outboard boat motors exports soared to X units in 2023, increasing by X% against 2022 figures. Over the period under review, exports enjoyed a buoyant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, outboard boat motors exports surged to $X in 2023. Overall, exports continue to indicate strong growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Russia was the largest exporter of outboard motors for marine propulsion in the CIS, with the volume of exports recording X units, which was approx. X% of total exports in 2023. It was distantly followed by Azerbaijan (X units) and Armenia (X units), together comprising a X% share of total exports.

Exports from Russia increased at an average annual rate of X% from 2012 to 2023. At the same time, Armenia (X.0%) and Azerbaijan (X%) displayed positive paces of growth. Moreover, Armenia emerged as the fastest-growing exporter exported in the CIS, with a CAGR of X.0% from 2012-2023. While the share of Azerbaijan (X p.p.) and Armenia (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Azerbaijan ($X) remains the largest outboard boat motors supplier in the CIS, comprising X% of total exports. The second position in the ranking was taken by Russia ($X), with a X% share of total exports.

From 2012 to 2023, the average annual rate of growth in terms of value in Azerbaijan totaled X%. The remaining exporting countries recorded the following average annual rates of exports growth: Russia (X% per year) and Armenia (X.6% per year).

Export Prices by Country

In 2023, the export price in the CIS amounted to $X per unit, falling by X% against the previous year. Overall, the export price showed a slight reduction. The most prominent rate of growth was recorded in 2022 an increase of X%. Over the period under review, the export prices hit record highs at $X per unit in 2013; however, from 2014 to 2023, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Azerbaijan ($X per unit), while Russia ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Azerbaijan (X%), while the other leaders experienced a decline in the export price figures.

Outboard Boat Motors Imports

Imports in CIS

Outboard boat motors imports surged to X units in 2023, picking up by X% compared with the previous year's figure. Overall, imports saw strong growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, outboard boat motors imports soared to $X in 2023. In general, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by X%. The level of import peaked at $X in 2013; however, from 2014 to 2023, imports remained at a lower figure.

Imports by Country

Russia prevails in imports structure, recording X units, which was approx. X% of total imports in 2023. Belarus (X units) followed a long way behind the leaders.

Russia was also the fastest-growing in terms of the outboard motors for marine propulsion imports, with a CAGR of X% from 2012 to 2023. Belarus experienced a relatively flat trend pattern. Russia (X p.p.) significantly strengthened its position in terms of the total imports, while Belarus saw its share reduced by X% from 2012 to 2023, respectively.

In value terms, Russia ($X) constitutes the largest market for imported outboard motors for marine propulsion in the CIS, comprising X% of total imports. The second position in the ranking was held by Belarus ($X), with a X% share of total imports.

From 2012 to 2023, the average annual rate of growth in terms of value in Russia totaled X%.

Import Prices by Country

In 2023, the import price in the CIS amounted to $X per unit, with a decrease of X% against the previous year. Overall, the import price showed a deep reduction. The growth pace was the most rapid in 2019 an increase of X% against the previous year. Over the period under review, import prices hit record highs at $X per unit in 2012; however, from 2013 to 2023, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Belarus ($X per unit), while Russia stood at $X per unit.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Belarus (X%).

Source: IndexBox Platform