South-Eastern Asia: Motor Boat Market 2024

Motor Boat Market Size in South-Eastern Asia

The Southeast Asian motor boat market amounted to $X in 2022, leveling off at the previous year. Over the period under review, consumption recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 when the market value increased by X% against the previous year. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Motor Boat Production in South-Eastern Asia

In value terms, motor boat production rose to $X in 2022 estimated in export price. In general, production saw a deep downturn. The most prominent rate of growth was recorded in 2020 when the production volume increased by X%. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Motor Boat Exports

Exports in South-Eastern Asia

In 2022, motor boat exports in South-Eastern Asia reduced remarkably to X units, waning by X% compared with the year before. Overall, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. The volume of export peaked at X units in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, motor boat exports reduced remarkably to $X in 2022. Over the period under review, exports saw a abrupt decrease. The growth pace was the most rapid in 2019 when exports increased by X% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Singapore was the major exporter of motor boats and motor yachts, for pleasure or sports in South-Eastern Asia, with the volume of exports amounting to X units, which was approx. X% of total exports in 2022. Cambodia (X units) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Malaysia (X%). Myanmar (X units), the Philippines (X units), Vietnam (X units) and Indonesia (X units) took a minor share of total exports.

Exports from Singapore decreased at an average annual rate of X% from 2012 to 2022. At the same time, Cambodia (X%) displayed positive paces of growth. Moreover, Cambodia emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of X% from 2012-2022. Malaysia and the Philippines experienced a relatively flat trend pattern. By contrast, Vietnam (X%), Indonesia (X%) and Myanmar (X%) illustrated a downward trend over the same period. While the share of Cambodia (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Singapore (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Malaysia ($X) remains the largest motor boat supplier in South-Eastern Asia, comprising X% of total exports. The second position in the ranking was held by Singapore ($X), with a X% share of total exports. It was followed by Cambodia, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Malaysia stood at X%. The remaining exporting countries recorded the following average annual rates of exports growth: Singapore (X% per year) and Cambodia (X% per year).

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per unit, rising by X% against the previous year. Over the period under review, the export price, however, showed a abrupt descent. The pace of growth was the most pronounced in 2017 an increase of X%. As a result, the export price attained the peak level of $X per unit. From 2018 to 2022, the export prices remained at a somewhat lower figure.

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 Malaysia ($X per unit), while Myanmar ($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 Philippines (X%), while the other leaders experienced a decline in the export price figures.

Motor Boat Imports

Imports in South-Eastern Asia

In 2022, imports of motor boats and motor yachts, for pleasure or sports in South-Eastern Asia shrank remarkably to X units, declining by X% against 2021 figures. Over the period under review, imports recorded a slight downturn. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. As a result, imports attained the peak of X units. From 2019 to 2022, the growth of imports failed to regain momentum.

In value terms, motor boat imports skyrocketed to $X in 2022. Overall, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when imports increased by X% against the previous year. The level of import peaked at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Singapore (X units) was the major importer of motor boats and motor yachts, for pleasure or sports, creating X% of total imports. Malaysia (X units) took the second position in the ranking, distantly followed by Cambodia (X units). All these countries together took approx. X% share of total imports. The following importers - Vietnam (X units), the Philippines (X units), Indonesia (X units) and Myanmar (X units) - each amounted to an X% share of total imports.

Imports into Singapore increased at an average annual rate of X% from 2012 to 2022. At the same time, Cambodia (X%), Myanmar (X%), Vietnam (X%) and Malaysia (X%) displayed positive paces of growth. Moreover, Cambodia emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of X% from 2012-2022. By contrast, the Philippines (X%) and Indonesia (X%) illustrated a downward trend over the same period. While the share of Singapore (X p.p.), Malaysia (X p.p.) and Cambodia (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Indonesia (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Singapore ($X), Malaysia ($X) and Vietnam ($X) constituted the countries with the highest levels of imports in 2022, together comprising X% of total imports.

Among the main importing countries, Vietnam, 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 2022, the import price in South-Eastern Asia amounted to $X per unit, jumping by X% against the previous year. Import price indicated perceptible growth from 2012 to 2022: its price 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. Over the period under review, import prices hit record highs at $X per unit in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

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

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :