Japan: Motor Boat Market 2024

Motor Boat Market Size in Japan

The Japanese motor boat market declined modestly to $X in 2022, with a decrease of X% against the previous year. Over the period under review, consumption saw a abrupt slump. Motor boat consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Motor Boat Production in Japan

In value terms, motor boat production declined to $X in 2022 estimated in export price. In general, production recorded a abrupt descent. The most prominent rate of growth was recorded in 2017 with an increase of X%. Motor boat production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

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Motor Boat Exports

Exports from Japan

In 2022, approx. X units of motor boats and motor yachts, for pleasure or sports were exported from Japan; falling by X% on 2021 figures. In general, exports continue to indicate a noticeable slump. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. The exports peaked at X units in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, motor boat exports contracted modestly to $X in 2022. Overall, exports continue to indicate a drastic downturn. The pace of growth was the most pronounced in 2017 with an increase of X%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Russia (X units), Thailand (X units) and South Korea (X units) were the main destinations of motor boat exports from Japan, with a combined X% share of total exports. Vietnam, Hong Kong SAR, the Philippines and Tanzania lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Vietnam (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Russia ($X) remains the key foreign market for motor boats and motor yachts, for pleasure or sports exports from Japan, comprising X% of total exports. The second position in the ranking was held by South Korea ($X), with a X% share of total exports. It was followed by Thailand, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Russia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (X% per year) and Thailand (X% per year).

Export Prices by Country

The average motor boat export price stood at $X per unit in 2022, rising by X% against the previous year. Overall, the export price, however, recorded a pronounced shrinkage. The growth pace was the most rapid in 2017 when the average export price increased by X% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices stood 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 ($X per unit), while the average price for exports to Tanzania ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Tanzania (X%), while the prices for the other major destinations experienced more modest paces of growth.

Motor Boat Imports

Imports into Japan

After two years of decline, supplies from abroad of motor boats and motor yachts, for pleasure or sports increased by X% to X units in 2022. In general, imports saw a measured increase. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. As a result, imports attained the peak of X units. From 2020 to 2022, the growth of imports failed to regain momentum.

In value terms, motor boat imports expanded to $X in 2022. Overall, imports showed a moderate increase. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports failed to regain momentum.

Imports by Country

The United States (X units), Italy (X units) and the UK (X units) were the main suppliers of motor boat imports to Japan, together accounting for X% of total imports. France, Taiwan (Chinese), Malaysia and Poland lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by France (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Italy ($X) and the UK ($X) were the largest motor boat suppliers to Japan, with a combined X% share of total imports.

Italy, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of 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 2022, the average motor boat import price amounted to $X per unit, flattening at the previous year. Overall, the import price recorded a slight increase. The pace of growth was the most pronounced in 2019 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per unit. From 2020 to 2022, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per unit), while the price for Malaysia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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