Report Update Apr 1, 2024

Costa Rica - Motor Boats and Motor Yachts, for Pleasure or Sports - Market Analysis, Forecast, Size, Trends and Insights

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Costa Rica: Motor Boat Market 2024

Motor Boat Market Size in Costa Rica

The Costa Rican motor boat market expanded markedly to $X in 2022, rising by X% against the previous year. Over the period under review, consumption recorded a modest expansion. Motor boat consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Motor Boat Production in Costa Rica

In value terms, motor boat production reached $X in 2022 estimated in export price. In general, production, however, saw a mild slump. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Motor boat production peaked at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Motor Boat Exports

Exports from Costa Rica

Motor boat exports from Costa Rica soared to X units in 2022, picking up by X% on the previous year. In general, exports enjoyed resilient growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, motor boat exports surged to $X in 2022. Over the period under review, exports posted significant growth. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

Exports by Country

Panama (X units) was the main destination for motor boat exports from Costa Rica, accounting for a X% share of total exports. Moreover, motor boat exports to Panama exceeded the volume sent to the second major destination, the United States (X units), more than tenfold. Nicaragua (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume 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 Nicaragua (X% per year).

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

From 2012 to 2022, the average annual rate of growth in terms 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 France (X% per year).

Export Prices by Country

The average motor boat export price stood at $X per unit in 2022, increasing by X% against the previous year. Overall, the export price posted noticeable growth. The most prominent rate of growth was recorded in 2016 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2017 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Panama ($X per unit), while the average price for exports to Nicaragua ($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 mixed trend patterns.

Motor Boat Imports

Imports into Costa Rica

In 2022, imports of motor boats and motor yachts, for pleasure or sports into Costa Rica soared to X units, rising by X% on 2021. Overall, imports saw a significant increase. The growth pace was the most rapid in 2019 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at X units in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, motor boat imports surged to $X in 2022. Over the period under review, imports posted a perceptible increase. The most prominent rate of growth was recorded in 2019 when imports increased by X%. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Italy (X units) was the main supplier of motor boat to Costa Rica, accounting for a X% share of total imports. It was followed by the United States (X units), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from Italy amounted to X%.

In value terms, the largest motor boat suppliers to Costa Rica were Italy ($X) and the United States ($X).

In terms of the main suppliers, Italy, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review.

Import Prices by Country

In 2022, the average motor boat import price amounted to $X per unit, picking up by X% against the previous year. In general, the import price, however, continues to indicate a sharp decline. The growth pace was the most rapid in 2015 an increase of X% against the previous year. As a result, import price attained the peak level of $X per unit. From 2016 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per unit), while the price for Italy amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (X.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for motor boats and motor yachts, for pleasure or sports in the world?

The countries with the highest volumes of consumption in 2023 were China, the United States and Italy, with a combined 31% share of global consumption.

What are the largest producers of motor boats and motor yachts, for pleasure or sports in the world?

The countries with the highest volumes of production in 2022 were China, British Virgin Islands and the United States, with a combined 35% share of global production. Italy, Mexico, Japan, South Africa, Pakistan, Nigeria, Brazil, Indonesia, the UK and Malta lagged somewhat behind, together accounting for a further 31%.

What are the leading suppliers of motor boats and motor yachts, for pleasure or sports to Costa Rica?

In value terms, the largest motor boat suppliers to Costa Rica were Italy and the United States.

What are the leading importers of motor boats and motor yachts, for pleasure or sports from Costa Rica?

In value terms, Panama remains the key foreign market for motor boats and motor yachts, for pleasure or sports exports from Costa Rica, comprising 99% of total exports. The second position in the ranking was taken by the United States, with a 0.4% share of total exports. It was followed by France, with a 0.4% share.

What is the average export price for motor boats and motor yachts, for pleasure or sports in Costa Rica?

The average motor boat export price stood at $107,158 per unit in 2022, increasing by 149% against the previous year.

What is the average import price for motor boats and motor yachts, for pleasure or sports in Costa Rica?

The average motor boat import price stood at $2,613 per unit in 2022, with an increase of 6% against the previous year.

This report provides an in-depth analysis of the motor boat market in Costa Rica. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 30121930 - Motor boats and motor yachts, for pleasure or sports (excluding outboard motor boats)

Country coverage:

Costa Rica

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Costa Rica
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023