Eastern Asia: Motor Boat Market 2024

Motor Boat Market Size in Eastern Asia

The East Asian motor boat market shrank to $X in 2022, which is down by X% against the previous year. In general, consumption recorded a abrupt descent. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Motor Boat Production in Eastern Asia

In value terms, motor boat production fell to $X in 2022 estimated in export price. Overall, production recorded a abrupt setback. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Motor Boat Exports

Exports in Eastern Asia

In 2022, motor boat exports in Eastern Asia shrank remarkably to X units, declining by X% against 2021. Overall, exports continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. As a result, the exports reached the peak of X units. From 2019 to 2022, the growth of the exports failed to regain momentum.

In value terms, motor boat exports contracted dramatically to $X in 2022. In general, exports saw a deep reduction. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Japan was the largest exporting country with an export of around X units, which reached X% of total exports. Hong Kong SAR (X units) took the second position in the ranking, followed by Taiwan (Chinese) (X units) and South Korea (X units). All these countries together held approx. X% share of total exports.

Japan was also the fastest-growing in terms of the motor boats and motor yachts, for pleasure or sports exports, with a CAGR of X% from 2012 to 2022. South Korea (X%), Taiwan (Chinese) (X%) and Hong Kong SAR (X%) illustrated a downward trend over the same period. Japan (X p.p.) significantly strengthened its position in terms of the total exports, while Hong Kong SAR saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest motor boat supplying countries in Eastern Asia were Hong Kong SAR ($X), Taiwan (Chinese) ($X) and Japan ($X), with a combined X% share of total exports.

Taiwan (Chinese), with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

The export price in Eastern Asia stood at $X per unit in 2022, picking up by X% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the export price increased by X%. The level of export peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per unit), while South Korea ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (X%), while the other leaders experienced mixed trends in the export price figures.

Motor Boat Imports

Imports in Eastern Asia

In 2022, imports of motor boats and motor yachts, for pleasure or sports in Eastern Asia contracted significantly to X units, reducing by X% on 2021. Overall, imports showed a abrupt decline. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of X units, and then fell markedly in the following year.

In value terms, motor boat imports declined rapidly to $X in 2022. In general, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when imports increased by X% against the previous year. The level of import peaked at $X in 2021, and then fell remarkably in the following year.

Imports by Country

Hong Kong SAR represented the main importing country with an import of around X units, which reached X% of total imports. Japan (X units) held a X% share (based on physical terms) of total imports, which put it in second place, followed by South Korea (X%).

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

In value terms, Hong Kong SAR ($X) constitutes the largest market for imported motor boats and motor yachts, for pleasure or sports in Eastern Asia, comprising X% of total imports. The second position in the ranking was taken by Japan ($X), with an X% share of total imports.

From 2012 to 2022, the average annual growth rate of value in Hong Kong SAR amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: Japan (X% per year) and South Korea (X% per year).

Import Prices by Country

The import price in Eastern Asia stood at $X per unit in 2022, increasing by X% against the previous year. Overall, the import price continues to indicate a strong increase. As a result, import price reached 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 ($X,751 per unit), while South Korea ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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