Eastern Asia: Outboard Boat Motors Market 2024

Outboard Boat Motors Market Size in Eastern Asia

For the third year in a row, the East Asian outboard boat motors market recorded decline in sales value, which decreased by X% to $X in 2022. Over the period under review, consumption continues to indicate a pronounced setback. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Outboard Boat Motors Production in Eastern Asia

In value terms, outboard boat motors production reduced to $X in 2022 estimated in export price. Overall, production, however, saw a pronounced shrinkage. The most prominent rate of growth was recorded in 2013 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

Outboard Boat Motors Exports

Exports in Eastern Asia

For the third year in a row, Eastern Asia recorded growth in shipments abroad of outboard motors for marine propulsion, which increased by X% to X units in 2022. Total exports indicated a buoyant expansion from 2012 to 2022: its volume 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, exports increased by X% against 2018 indices. 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 soared to $X in 2022. Total exports indicated a resilient expansion from 2012 to 2022: its value 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, exports increased by X% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in the near future.

Exports by Country

Japan represented the largest exporter of outboard motors for marine propulsion in Eastern Asia, with the volume of exports reaching X units, which was near X% of total exports in 2022. It was distantly followed by China (X units), making up a X% share of total exports.

Exports from Japan increased at an average annual rate of X% from 2012 to 2022. At the same time, China (X%) displayed positive paces of growth. Moreover, China emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of X% from 2012-2022. While the share of China (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Japan (X p.p.) displayed negative dynamics.

In value terms, Japan ($X) remains the largest outboard boat motors supplier in Eastern Asia, comprising X% of total exports. The second position in the ranking was held by China ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Japan totaled X%.

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per unit, waning by X% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when the export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2020 to 2022, the export prices remained at a somewhat lower figure.

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 Japan ($X per unit), while China stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (X%).

Outboard Boat Motors Imports

Imports in Eastern Asia

In 2022, outboard boat motors imports in Eastern Asia expanded remarkably to X units, growing by X% on 2021 figures. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by X%. As a result, imports attained the peak of X units; afterwards, it flattened through to 2022.

In value terms, outboard boat motors imports shrank to $X in 2022. In general, imports enjoyed prominent growth. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

China represented the main importer of outboard motors for marine propulsion in Eastern Asia, with the volume of imports amounting to X units, which was near X% of total imports in 2022. South Korea (X units) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Hong Kong SAR (X%). Japan (X units) and Taiwan (Chinese) (X units) took a minor share of total imports.

China was also the fastest-growing in terms of the outboard motors for marine propulsion imports, with a CAGR of X% from 2012 to 2022. At the same time, South Korea (X%) and Japan (X%) displayed positive paces of growth. Taiwan (Chinese) experienced a relatively flat trend pattern. By contrast, Hong Kong SAR (X%) illustrated a downward trend over the same period. China (X p.p.) significantly strengthened its position in terms of the total imports, 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, China ($X) constitutes the largest market for imported outboard motors for marine propulsion in Eastern Asia, comprising X% of total imports. The second position in the ranking was taken by South Korea ($X), with a X% share of total imports. It was followed by Hong Kong SAR, with a X% share.

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

Import Prices by Country

In 2022, the import price in Eastern Asia amounted to $X per unit, waning by X% against the previous year. Import price indicated a perceptible expansion 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, outboard boat motors import price decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2020 an increase of X% against the previous year. As a result, import price reached the peak level of $X per unit. From 2021 to 2022, the import prices failed to regain momentum.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in China ($X per unit) and Taiwan (Chinese) ($X per unit), while Hong Kong SAR ($X per unit) and Japan ($X per unit) were amongst the lowest.

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

Source: IndexBox Platform

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