Europe: Outboard Boat Motors Market 2024

Outboard Boat Motors Market Size in Europe

In 2023, the Europe outboard boat motors market decreased by X% to $X, falling for the second year in a row after three years of growth. The total consumption indicated noticeable growth 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 decreased by X% against 2021 indices. The level of consumption peaked at $X in 2021; however, from 2022 to 2023, consumption remained at a lower figure.

Outboard Boat Motors Production in Europe

In value terms, outboard boat motors production expanded slightly to $X in 2023 estimated in export price. In general, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of X%. The level of production peaked at $X in 2013; however, from 2014 to 2023, production failed to regain momentum.

Outboard Boat Motors Exports

Exports in Europe

In 2023, overseas shipments of outboard motors for marine propulsion decreased by X% to X units for the first time since 2019, thus ending a three-year rising trend. Overall, exports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of X%. The volume of export peaked at X units in 2022, and then contracted remarkably in the following year.

In value terms, outboard boat motors exports fell modestly to $X in 2023. Over the period under review, exports, however, continue to indicate moderate growth. The most prominent rate of growth was recorded in 2021 with an increase of X%. The level of export peaked at $X in 2022, and then reduced in the following year.

Exports by Country

Belgium represented the major exporter of outboard motors for marine propulsion in Europe, with the volume of exports amounting to X units, which was approx. X% of total exports in 2023. Germany (X units) held the second position in the ranking, followed by France (X units), the Netherlands (X units), Italy (X units) and Lithuania (X units). All these countries together took approx. X% share of total exports. The following exporters - Portugal (X units), Hungary (X units), Spain (X units), Russia (X units) and the UK (X units) - together made up X% of total exports.

Belgium experienced a relatively flat trend pattern with regard to volume of exports of outboard motors for marine propulsion. At the same time, Hungary (X%), Portugal (X%), Lithuania (X%), Russia (X%), the Netherlands (X%) and the UK (X%) displayed positive paces of growth. Moreover, Hungary emerged as the fastest-growing exporter exported in Europe, with a CAGR of X% from 2012-2023. Italy experienced a relatively flat trend pattern. By contrast, Spain (X%), Germany (X%) and France (X%) illustrated a downward trend over the same period. The Netherlands (X p.p.), Lithuania (X p.p.), Hungary (X p.p.), Portugal (X p.p.) and Russia (X p.p.) significantly strengthened its position in terms of the total exports, while Germany, Belgium and France saw its share reduced by X%, X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Belgium ($X) remains the largest outboard boat motors supplier in Europe, comprising X% of total exports. The second position in the ranking was taken by Germany ($X), with an X% share of total exports. It was followed by France, with a X% share.

In Belgium, outboard boat motors exports increased at an average annual rate of X% over the period from 2012-2023. The remaining exporting countries recorded the following average annual rates of exports growth: Germany (X% per year) and France (X% per year).

Export Prices by Country

In 2023, the export price in Europe amounted to $X per unit, growing by X% against the previous year. Export price indicated a temperate increase from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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 Belgium ($X per unit), while Russia ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Belgium (X%), while the other leaders experienced more modest paces of growth.

Outboard Boat Motors Imports

Imports in Europe

After three years of growth, overseas purchases of outboard motors for marine propulsion decreased by X% to X units in 2023. Total imports indicated a noticeable expansion from 2012 to 2023: its volume 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. The most prominent rate of growth was recorded in 2021 when imports increased by X%. The volume of import peaked at X units in 2022, and then shrank in the following year.

In value terms, outboard boat motors imports dropped to $X in 2023. Total imports indicated a notable increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2022 to 2023, the growth of imports remained at a lower figure.

Imports by Country

In 2023, Russia (X units) was the major importer of outboard motors for marine propulsion, making up X% of total imports. Belgium (X units) ranks second in terms of the total imports with a X% share, followed by Italy (X%). Spain (X units), Germany (X units), France (X units), the UK (X units), Greece (X units), Poland (X units), Sweden (X units), Finland (X units), the Netherlands (X units) and Norway (X units) followed a long way behind the leaders.

Imports into Russia increased at an average annual rate of X% from 2012 to 2023. At the same time, Poland (X%), Greece (X%), Italy (X%) and Spain (X%) displayed positive paces of growth. Moreover, Poland emerged as the fastest-growing importer imported in Europe, with a CAGR of X% from 2012-2023. The Netherlands and France experienced a relatively flat trend pattern. By contrast, Sweden (X%), the UK (X%), Belgium (X%), Finland (X%), Germany (X%) and Norway (X%) illustrated a downward trend over the same period. Russia (X p.p.), Greece (X p.p.) and Poland (X p.p.) significantly strengthened its position in terms of the total imports, while the UK, Finland, Norway, Germany and Belgium saw its share reduced by X%, X%, X%, X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest outboard boat motors importing markets in Europe were Belgium ($X), Italy ($X) and Russia ($X), with a combined X% share of total imports. Poland, France, Sweden, Spain, Germany, Finland, Greece, Norway, the UK and the Netherlands lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, Poland, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the import price in Europe amounted to $X per unit, remaining constant against the previous year. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the import price increased by X%. The level of import peaked at $X per unit in 2020; however, from 2021 to 2023, import prices remained at a lower figure.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Poland (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform