Greece: Motor Boat Market 2024

Motor Boat Market Size in Greece

In 2022, after three years of growth, there was significant decline in the Greek motor boat market, when its value decreased by X% to less than $X. In general, consumption, however, posted prominent growth. As a result, consumption reached the peak level of $X, and then fell sharply in the following year.

Motor Boat Production in Greece

In value terms, motor boat production shrank modestly to $X in 2022 estimated in export price. Over the period under review, production recorded a drastic downturn. The pace of growth was the most pronounced in 2019 when the production volume increased by X%. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Motor Boat Exports

Exports from Greece

In 2021, the amount of motor boats and motor yachts, for pleasure or sports exported from Greece surged to X units, increasing by X% on the previous year's figure. Overall, exports, however, continue to indicate a deep contraction. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at X units in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, motor boat exports surged to $X in 2021. In general, exports showed a relatively flat trend pattern. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

Italy (X units), Cyprus (X units) and Marshall Islands (X units) were the main destinations of motor boat exports from Greece, with a combined X% share of total exports.

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, Cayman Islands ($X) emerged as the key foreign market for motor boats and motor yachts, for pleasure or sports exports from Greece, comprising X% of total exports. The second position in the ranking was taken by Turkey ($X), with a X% share of total exports. It was followed by Marshall Islands, with a X% share.

From 2012 to 2021, the average annual growth rate of value to Cayman Islands totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (X% per year) and Marshall Islands (X% per year).

Export Prices by Country

In 2021, the average motor boat export price amounted to $X per unit, surging by X% against the previous year. In general, the export price posted strong growth. The pace of growth appeared the most rapid in 2015 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Cayman Islands ($X,633 per unit), while the average price for exports to the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (X%), while the prices for the other major destinations experienced more modest paces of growth.

Motor Boat Imports

Imports into Greece

In 2021, imports of motor boats and motor yachts, for pleasure or sports into Greece skyrocketed to X units, picking up by X% compared with 2020 figures. Overall, imports showed a buoyant increase. The most prominent rate of growth was recorded in 2020 with an increase of X%. Imports peaked in 2021 and are likely to see steady growth in years to come.

In value terms, motor boat imports rose sharply to $X in 2021. Over the period under review, imports posted a resilient increase. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, imports attained the maximum in 2021 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2021, Italy (X units) constituted the largest motor boat supplier to Greece, accounting for a X% share of total imports. Moreover, motor boat imports from Italy exceeded the figures recorded by the second-largest supplier, Marshall Islands (X units), fourfold. The third position in this ranking was held by the UK (X units), with a X% share.

From 2012 to 2021, the average annual growth rate of volume from Italy stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Marshall Islands (X% per year) and the UK (X% per year).

In value terms, the largest motor boat suppliers to Greece were Italy ($X), Marshall Islands ($X) and Cayman Islands ($X), together accounting for X% of total imports.

Italy, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average motor boat import price amounted to $X per unit, falling by X% against the previous year. Over the period under review, the import price saw a abrupt setback. The pace of growth appeared the most rapid in 2019 when the average import price increased by X%. The import price peaked at $X per unit in 2017; however, from 2018 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Cayman Islands ($X per unit), while the price for Italy ($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 United Arab Emirates (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :