Middle East: Sailboat Market 2024

Sailboat Market Size in the Middle East

In 2022, after two years of growth, there was significant decline in the Middle Eastern sailboat market, when its value decreased by X% to $X. In general, consumption, however, saw a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market remained at a somewhat lower figure.

Sailboat Production in the Middle East

In value terms, sailboat production rose modestly to $X in 2022 estimated in export price. In general, production, however, showed a noticeable reduction. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% against the previous year. Over the period under review, production reached the peak level at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

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Sailboat Exports

Exports in the Middle East

In 2022, the amount of sailboats for pleasure or sports, with or without auxiliary motor exported in the Middle East contracted to X units, reducing by X% against 2021. In general, exports, however, saw a remarkable increase. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X units in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, sailboat exports reduced to $X in 2022. Overall, exports, however, enjoyed a prominent increase. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. The level of export peaked at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Turkey represented the largest exporter of sailboats for pleasure or sports, with or without auxiliary motor in the Middle East, with the volume of exports finishing at X units, which was near X% of total exports in 2022. Oman (X units) held an X% share (based on physical terms) of total exports, which put it in second place, followed by the United Arab Emirates (X%). The following exporters - Kuwait (X units) and Bahrain (X units) - each accounted for a X% share of total exports.

Turkey was also the fastest-growing in terms of the sailboats for pleasure or sports, with or without auxiliary motor exports, with a CAGR of X% from 2012 to 2022. At the same time, Oman (X%) and the United Arab Emirates (X%) displayed positive paces of growth. Kuwait experienced a relatively flat trend pattern. By contrast, Bahrain (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Turkey and Oman increased by X and X percentage points, respectively.

In value terms, Turkey ($X) remains the largest sailboat supplier in the Middle East, comprising X% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a X% share of total exports. It was followed by Oman, with a X% share.

In Turkey, sailboat exports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the United Arab Emirates (X% per year) and Oman (X% per year).

Export Prices by Country

The export price in the Middle East stood at $X per unit in 2022, rising by X% against the previous year. Overall, the export price enjoyed a tangible increase. The growth pace was the most rapid in 2019 an increase of X% against the previous year. Over the period under review, the export prices reached the maximum in 2022 and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per unit), while Bahrain ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Oman (X%), while the other leaders experienced more modest paces of growth.

Sailboat Imports

Imports in the Middle East

After three years of growth, overseas purchases of sailboats for pleasure or sports, with or without auxiliary motor decreased by X% to X units in 2022. In general, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when imports increased by X% against the previous year. As a result, imports reached the peak of X units. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, sailboat imports dropped notably to $X in 2022. Over the period under review, imports, however, recorded a measured expansion. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2018 to 2022, the growth of imports failed to regain momentum.

Imports by Country

The United Arab Emirates represented the largest importer of sailboats for pleasure or sports, with or without auxiliary motor in the Middle East, with the volume of imports resulting at X units, which was near X% of total imports in 2022. It was distantly followed by Qatar (X units), making up a X% share of total imports. The following importers - Iraq (X units), Lebanon (X units), Turkey (X units), Israel (X units) and Bahrain (X units) - together made up X% of total imports.

Imports into the United Arab Emirates increased at an average annual rate of X% from 2012 to 2022. At the same time, Iraq (X%), Qatar (X%) and Bahrain (X%) displayed positive paces of growth. Moreover, Iraq emerged as the fastest-growing importer imported in the Middle East, with a CAGR of X% from 2012-2022. By contrast, Lebanon (X%), Israel (X%) and Turkey (X%) illustrated a downward trend over the same period. The United Arab Emirates (X p.p.), Qatar (X p.p.) and Iraq (X p.p.) significantly strengthened its position in terms of the total imports, while Israel and Turkey saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported sailboats for pleasure or sports, with or without auxiliary motor in the Middle East, comprising X% of total imports. The second position in the ranking was held by Turkey ($X), with a X% share of total imports. It was followed by Israel, with a X% share.

In the United Arab Emirates, sailboat imports expanded at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Turkey (X% per year) and Israel (X% per year).

Import Prices by Country

The import price in the Middle East stood at $X per unit in 2022, reducing by X% against the previous year. Over the period under review, the import price, however, recorded a pronounced expansion. The growth pace was the most rapid in 2017 when the import price increased by X% against the previous year. Over the period under review, import prices attained the peak figure at $X per unit in 2021, and then declined notably in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Turkey ($X per unit), while Iraq ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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