South-Eastern Asia: Outboard Boat Motors Market 2024

Outboard Boat Motors Market Size in South-Eastern Asia

After two years of decline, the Southeast Asian outboard boat motors market increased by X% to $X in 2022. The total consumption indicated a temperate expansion from 2012 to 2022: its value 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. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Outboard Boat Motors Production in South-Eastern Asia

In value terms, outboard boat motors production expanded slightly to $X in 2022 estimated in export price. Overall, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

Outboard Boat Motors Exports

Exports in South-Eastern Asia

Outboard boat motors exports rose rapidly to X units in 2022, growing by X% compared with the previous year. Overall, exports recorded a remarkable increase. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, the exports reached the peak figure in 2022 and are likely to see steady growth in years to come.

In value terms, outboard boat motors exports shrank to $X in 2022. Total exports indicated a resilient increase from 2012 to 2022: its value 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. Based on 2022 figures, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, the exports reached the peak of $X, and then dropped in the following year.

Exports by Country

Thailand prevails in exports structure, amounting to X units, which was approx. X% of total exports in 2022. Myanmar (X units) ranks second in terms of the total exports with a X% share, followed by Singapore (X%).

Exports from Thailand increased at an average annual rate of X% from 2012 to 2022. At the same time, Myanmar (X%) and Singapore (X%) displayed positive paces of growth. Moreover, Myanmar emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Myanmar increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Thailand ($X) remains the largest outboard boat motors supplier in South-Eastern Asia, comprising X% of total exports. The second position in the ranking was taken by Myanmar ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Thailand totaled X%. The remaining exporting countries recorded the following average annual rates of exports growth: Myanmar (X% per year) and Singapore (X% per year).

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per unit, shrinking by X% against the previous year. Over the period under review, the export price showed a abrupt decrease. The growth pace was the most rapid in 2017 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2018 to 2022, the export prices remained at a 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 Myanmar ($X per unit), while Singapore ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Myanmar (X%), while the other leaders experienced a decline in the export price figures.

Outboard Boat Motors Imports

Imports in South-Eastern Asia

Outboard boat motors imports soared to X units in 2022, picking up by X% against the previous year's figure. Total imports indicated a moderate expansion from 2012 to 2022: its volume 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. Based on 2022 figures, imports increased by X% against 2016 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, outboard boat motors imports soared to $X in 2022. In general, imports, however, recorded a relatively flat trend pattern. Over the period under review, imports attained the maximum at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

Singapore represented the largest importer of outboard motors for marine propulsion in South-Eastern Asia, with the volume of imports accounting for X units, which was approx. X% of total imports in 2022. Malaysia (X units) held the second position in the ranking, distantly followed by Indonesia (X units) and the Philippines (X units). All these countries together took approx. X% share of total imports. The following importers - Thailand (X units) and Vietnam (X units) - together made up X% of total imports.

From 2012 to 2022, the biggest increases were recorded for Singapore (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X), Indonesia ($X) and the Philippines ($X) constituted the countries with the highest levels of imports in 2022, together accounting for X% of total imports.

The Philippines, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2022, the import price in South-Eastern Asia amounted to $X per unit, surging by X% against the previous year. In general, the import price, however, continues to indicate a deep reduction. The most prominent rate of growth was recorded in 2016 when the import price increased by X% against the previous year. As a result, import price attained the peak level of $X per unit. From 2017 to 2022, the import prices failed to regain momentum.

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 the Philippines (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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