Italy: Motor Boat Market 2024

Motor Boat Market Size in Italy

In 2022, after three years of growth, there was significant decline in the Italian motor boat market, when its value decreased by X% to $X. Over the period under review, consumption, however, enjoyed a significant increase. As a result, consumption reached the peak level of $X, and then fell markedly in the following year.

Motor Boat Production in Italy

In value terms, motor boat production soared to $X in 2022 estimated in export price. In general, the total production indicated a buoyant increase 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, production increased by X% against 2020 indices. The growth pace was the most rapid in 2021 when the production volume increased by X% against the previous year. Over the period under review, production reached the peak level in 2022 and is expected to retain growth in the immediate term.

Motor Boat Exports

Exports from Italy

In 2021, exports of motor boats and motor yachts, for pleasure or sports from Italy soared to X units, picking up by X% on the previous year. Overall, exports posted a prominent expansion. The most prominent rate of growth was recorded in 2014 with an increase of X%. The exports peaked in 2021 and are likely to see gradual growth in years to come.

In value terms, motor boat exports soared to $X in 2021. Over the period under review, exports saw buoyant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Cayman Islands (X units) was the main destination for motor boat exports from Italy, with a X% share of total exports. Moreover, motor boat exports to Cayman Islands exceeded the volume sent to the second major destination, France (X units), twofold. The third position in this ranking was held by the UK (X units), with an X% share.

From 2012 to 2021, the average annual growth rate of volume to Cayman Islands stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (X% per year) and the UK (X% per year).

In value terms, the largest markets for motor boat exported from Italy were Cayman Islands ($X), the United States ($X) and France ($X), with a combined X% share of total exports. The UK, Hong Kong SAR, Turkey, Australia, Spain, Switzerland, Greece, Germany, Montenegro and Estonia lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, Greece, 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 average motor boat export price amounted to $X per unit, falling by X% against the previous year. Overall, the export price saw a mild reduction. The pace of growth was the most pronounced in 2015 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X,550 per unit. From 2016 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hong Kong SAR ($X,077 per unit), while the average price for exports to Switzerland ($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 Greece (X%), while the prices for the other major destinations experienced more modest paces of growth.

Motor Boat Imports

Imports into Italy

In 2021, motor boat imports into Italy fell rapidly to X units, which is down by X% on 2020. In general, imports continue to indicate a perceptible decrease. The most prominent rate of growth was recorded in 2014 with an increase of X%. Imports peaked at X units in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, motor boat imports expanded remarkably to $X in 2021. Overall, total imports indicated a temperate increase from 2012 to 2021: its value 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, imports decreased by X% against 2014 indices. The most prominent rate of growth was recorded in 2014 when imports increased by X%. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports remained at a lower figure.

Imports by Country

France (X units), the United States (X units) and South Africa (X units) were the main suppliers of motor boat imports to Italy, with a combined X% share of total imports.

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

In value terms, the largest motor boat suppliers to Italy were France ($X), South Africa ($X) and the UK ($X), with a combined X% share of total imports. Cyprus, Marshall Islands, the United States, Spain, Gibraltar, Slovenia, Belgium, Switzerland and the Netherlands lagged somewhat behind, together comprising a further X%.

Among the main suppliers, Cyprus, with a CAGR of X%, saw 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 2021, the average motor boat import price amounted to $X per unit, with an increase of X% against the previous year. Over the period under review, import price indicated a prominent increase from 2012 to 2021: its price increased at an average annual rate of X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, motor boat import price increased by X% against 2017 indices. The most prominent rate of growth was recorded in 2014 an increase of X%. The import price peaked in 2021 and is likely to continue growth in the immediate term.

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

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

Source: IndexBox Platform

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