Japan: Outboard Boat Motors Market 2024

Outboard Boat Motors Market Size in Japan

The Japanese outboard boat motors market rose significantly to $X in 2023, increasing by X% against the previous year. In general, consumption, however, recorded a noticeable setback. As a result, consumption attained the peak level of $X. From 2014 to 2023, the growth of the market remained at a lower figure.

Outboard Boat Motors Production in Japan

In value terms, outboard boat motors production reduced modestly to $X in 2023 estimated in export price. In general, production continues to indicate a deep contraction. The pace of growth appeared the most rapid in 2013 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2023, production growth failed to regain momentum.

Outboard Boat Motors Exports

Exports from Japan

In 2023, after three years of growth, there was significant decline in shipments abroad of outboard motors for marine propulsion, when their volume decreased by X% to X units. Overall, total exports indicated a perceptible 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. Based on 2023 figures, exports increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2022 when exports increased by X%. As a result, the exports reached the peak of X units, and then shrank notably in the following year.

In value terms, outboard boat motors exports shrank to $X in 2023. In general, total exports indicated a noticeable 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, exports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by X%. The exports peaked at $X in 2022, and then contracted in the following year.

Exports by Country

The United States (X units) was the main destination for outboard boat motors exports from Japan, accounting for a X% share of total exports. Moreover, outboard boat motors exports to the United States exceeded the volume sent to the second major destination, China (X units), more than tenfold. The third position in this ranking was held by Germany (X units), with a X% share.

From 2012 to 2023, the average annual growth rate of volume to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (X% per year) and Germany (X% per year).

In value terms, the United States ($X) remains the key foreign market for outboard motors for marine propulsion exports from Japan, comprising X% of total exports. The second position in the ranking was held by China ($X), with a X% share of total exports. It was followed by Germany, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (X% per year) and Germany (X% per year).

Export Prices by Country

In 2023, the average outboard boat motors export price amounted to $X per unit, with an increase of X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2019 when the average export price increased by X%. As a result, the export price attained the peak level of $X per unit. From 2020 to 2023, the average export prices remained at a somewhat lower figure.

Average prices varied noticeably for the major overseas markets. In 2023, amid the top suppliers, the countries with the highest prices were Russia ($X per unit) and Indonesia ($X per unit), while the average price for exports to China ($X per unit) and Canada ($X per unit) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Russia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Outboard Boat Motors Imports

Imports into Japan

In 2023, the amount of outboard motors for marine propulsion imported into Japan dropped remarkably to X units, declining by X% against the previous year. Over the period under review, imports saw a pronounced downturn. The pace of growth was the most pronounced in 2017 with an increase of X%. Imports peaked at X units in 2022, and then declined notably in the following year.

In value terms, outboard boat motors imports shrank sharply to $X in 2023. Overall, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when imports increased by X%. As a result, imports attained the peak of $X. From 2021 to 2023, the growth of imports remained at a lower figure.

Imports by Country

Thailand (X units), the United States (X units) and China (X units) were the main suppliers of outboard boat motors imports to Japan, with a combined X% share of total imports.

From 2012 to 2023, the biggest increases were recorded for China (with a CAGR of X%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest outboard boat motors suppliers to Japan were Thailand ($X), the United States ($X) and China ($X), together comprising X% of total imports.

The United States, with a CAGR of X%, recorded the highest rates of growth with regard to 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 2023, the average outboard boat motors import price amounted to $X per unit, increasing by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2023, amid the top importers, the highest price was recorded for prices from the UK ($X per unit) and the United States ($X per unit), while the price for China ($X per unit) and Thailand ($X per unit) were amongst the lowest.

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

Source: IndexBox Platform