Kenya: Motor Boat Market 2022

Motor Boat Market Size in Kenya

For the third consecutive year, the Kenyan motor boat market recorded decline in sales value, which decreased by -X% to $X in 2021. In general, consumption showed a abrupt curtailment. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Motor Boat Production in Kenya

In value terms, motor boat production totaled $X in 2021 estimated in export price. In general, production, however, showed a abrupt decline. The pace of growth was the most pronounced in 2014 when the production volume increased by X% against the previous year. Motor boat production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Motor Boat Exports

Exports from Kenya

In 2021, overseas shipments of motor boats and motor yachts, for pleasure or sports increased by X% to X units, rising for the fourth consecutive year after four years of decline. Overall, exports saw significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, motor boat exports surged to $X in 2021. Over the period under review, exports recorded a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Rwanda (X units) was the main destination for motor boat exports from Kenya, accounting for a X% share of total exports. Moreover, motor boat exports to Rwanda exceeded the volume sent to the second major destination, South Sudan (X units), more than tenfold. The third position in this ranking was taken by Uganda (X units), with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Rwanda totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Sudan (+X% per year) and Uganda (+X% per year).

In value terms, Rwanda ($X) remains the key foreign market for motor boat exports from Kenya, comprising X% of total exports. The second position in the ranking was taken by South Sudan ($X), with a X% share of total exports. It was followed by Uganda, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Rwanda amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Sudan (+X% per year) and Uganda (+X% per year).

Export Prices by Country

The average motor boat export price stood at $X per unit in 2021, increasing by X% against the previous year. Over the period under review, the export price, however, saw a noticeable shrinkage. The most prominent rate of growth was recorded in 2016 an increase of X% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Uganda ($X per unit), while the average price for exports to South Sudan ($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 Uganda (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Motor Boat Imports

Imports into Kenya

Motor boat imports into Kenya declined notably to X units in 2021, dropping by -X% on the year before. Over the period under review, imports saw a noticeable curtailment. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. As a result, imports attained the peak of X units. From 2016 to 2021, the growth of imports failed to regain momentum.

In value terms, motor boat imports declined sharply to $X in 2021. In general, imports continue to indicate a dramatic decrease. The most prominent rate of growth was recorded in 2013 when imports increased by X%. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, the United States (X units) constituted the largest supplier of motor boat to Kenya, with a X% share of total imports. Moreover, motor boat imports from the United States exceeded the figures recorded by the second-largest supplier, South Africa (X units), twofold.

From 2012 to 2021, the average annual growth rate of volume from the United States totaled +X%.

In value terms, the largest motor boat suppliers to Kenya were South Africa ($X) and the United States ($X Africa, with a CAGR of +X%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review.

Import Prices by Country

In 2021, the average motor boat import price amounted to $X per unit, which is down by -X% against the previous year. Over the period under review, the import price showed a abrupt slump. The pace of growth was the most pronounced in 2016 an increase of X% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was South Africa ($X per unit), while the price for the United States amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Africa (+X%).

Source: IndexBox Market Intelligence Platform

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