EU: Motor Boat Market 2024

Motor Boat Market Size in the EU

In 2022, after three years of growth, there was significant decline in the EU motor boat market, when its value decreased by X% to $X. In general, consumption, however, continues to indicate slight growth. As a result, consumption attained the peak level of $X, and then fell markedly in the following year.

Motor Boat Production in the EU

In value terms, motor boat production declined slightly to $X in 2022 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, production reached the peak level of $X, and then reduced in the following year.

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Motor Boat Exports

Exports in the EU

After three years of decline, shipments abroad of motor boats and motor yachts, for pleasure or sports increased by X% to X units in 2021. Total exports indicated a strong expansion from 2012 to 2021: its volume increased at an average annual rate of X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, motor boat exports soared to $X in 2021. In general, exports posted resilient growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The biggest shipments were from Italy (X units), the Netherlands (X units), Germany (X units), Finland (X units) and Poland (X units), together finishing at X% of total export. It was distantly followed by Cyprus (X units), making up a X% share of total exports. France (X units), Sweden (X units), Spain (X units), Latvia (X units) and Belgium (X units) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Cyprus (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Italy ($X) and Germany ($X) constituted the countries with the highest levels of exports in 2021, together accounting for X% of total exports. France, Cyprus, Poland, Finland, Belgium, Spain, Sweden and Latvia lagged somewhat behind, together accounting for a further X%.

In terms of the main exporting countries, Cyprus, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in the European Union amounted to $X per unit, flattening at the previous year. Export price indicated prominent growth from 2012 to 2021: its price increased at an average annual rate of X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, motor boat export price increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2020 an increase of X%. Over the period under review, the export prices reached the maximum in 2021 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the Netherlands ($X,479 per unit), while Latvia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (X%), while the other leaders experienced more modest paces of growth.

Motor Boat Imports

Imports in the EU

In 2021, the amount of motor boats and motor yachts, for pleasure or sports imported in the European Union soared to X units, with an increase of X% on 2020. Overall, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when imports increased by X%. The volume of import peaked at X units in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, motor boat imports totaled $X in 2021. Over the period under review, imports enjoyed a prominent expansion. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2021, Malta (X units), distantly followed by the Netherlands (X units), Sweden (X units), Finland (X units) and Greece (X units) were the key importers of motor boats and motor yachts, for pleasure or sports, together creating X% of total imports. Poland (X units), Belgium (X units), Denmark (X units), Italy (X units), Germany (X units) and France (X units) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Finland (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X) constitutes the largest market for imported motor boats and motor yachts, for pleasure or sports in the European Union, comprising X% of total imports. The second position in the ranking was taken by Malta ($X), with an X% share of total imports. It was followed by France, with an X% share.

From 2012 to 2021, the average annual growth rate of value in the Netherlands totaled X%. The remaining importing countries recorded the following average annual rates of imports growth: Malta (X% per year) and France (X% per year).

Import Prices by Country

In 2021, the import price in the European Union amounted to $X per unit, waning by X% against the previous year. Overall, the import price, however, enjoyed a prominent increase. The pace of growth appeared the most rapid in 2018 when the import price increased by X% against the previous year. The level of import peaked at $X per unit in 2020, and then dropped markedly in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was France ($X per unit), while Finland ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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