Southern Asia: Outboard Boat Motors Market 2024

Outboard Boat Motors Market Size in Southern Asia

The South Asian outboard boat motors market expanded notably to $X in 2022, picking up by X% against the previous year. Over the period under review, consumption, however, showed a mild reduction. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Outboard Boat Motors Production in Southern Asia

In value terms, outboard boat motors production reduced to $X in 2022 estimated in export price. Overall, production, however, recorded a deep reduction. The pace of growth was the most pronounced in 2014 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

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Outboard Boat Motors Exports

Exports in Southern Asia

In 2022, after two years of growth, there was significant decline in overseas shipments of outboard motors for marine propulsion, when their volume decreased by X% to X units. In general, exports, however, saw a remarkable increase. The pace of growth was the most pronounced in 2017 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, outboard boat motors exports dropped to $X in 2022. Overall, exports, however, showed a remarkable increase. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

Pakistan prevails in exports structure, resulting at X units, which was approx. X% of total exports in 2022. India (X units) followed a long way behind the leaders.

Pakistan was also the fastest-growing in terms of the outboard motors for marine propulsion exports, with a CAGR of X% from 2012 to 2022. India (X%) illustrated a downward trend over the same period. Pakistan (X p.p.) significantly strengthened its position in terms of the total exports, while India saw its share reduced by X% from 2012 to 2022, respectively.

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

From 2012 to 2022, the average annual growth rate of value in Pakistan stood at X%.

Export Prices by Country

The export price in Southern Asia stood at $X per unit in 2022, picking up by X% against the previous year. In general, the export price enjoyed a resilient increase. The pace of growth appeared the most rapid in 2017 an increase of X% against the previous year. Over the period under review, the export prices attained the peak figure at $X per unit in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was India ($X per unit), while Pakistan totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (X%).

Outboard Boat Motors Imports

Imports in Southern Asia

In 2022, the amount of outboard motors for marine propulsion imported in Southern Asia contracted remarkably to X units, declining by X% against the previous year. Total imports indicated strong growth 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 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of X%. As a result, imports reached the peak of X units, and then reduced markedly in the following year.

In value terms, outboard boat motors imports fell slightly to $X in 2022. Total imports indicated pronounced growth 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, imports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, imports reached the peak of $X, and then dropped modestly in the following year.

Imports by Country

India represented the major importer of outboard motors for marine propulsion in Southern Asia, with the volume of imports accounting for X units, which was approx. X% of total imports in 2022. Maldives (X units) ranks second in terms of the total imports with a X% share, followed by Sri Lanka (X%). The following importers - Pakistan (X units) and Bangladesh (X units) - together made up X% of total imports.

From 2012 to 2022, average annual rates of growth with regard to outboard boat motors imports into India stood at X%. At the same time, Maldives (X%) and Bangladesh (X%) displayed positive paces of growth. Moreover, Maldives emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of X% from 2012-2022. By contrast, Pakistan (X%) and Sri Lanka (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of India and Maldives increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X), Maldives ($X) and Pakistan ($X) were the countries with the highest levels of imports in 2022, together comprising X% of total imports.

In terms of the main importing countries, Maldives, with a CAGR of X%, saw the highest growth rate of 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 Southern Asia amounted to $X per unit, rising by X% against the previous year. In general, the import price, however, showed a slight contraction. Over the period under review, import prices reached the maximum at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Maldives ($X per unit), while Sri Lanka ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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