Sweden: Motor Boat Market 2024

Motor Boat Market Size in Sweden

After two years of growth, the Swedish motor boat market decreased by X% to less than $X in 2022. In general, consumption, however, recorded a resilient increase. Motor boat consumption peaked at $X in 2021, and then plummeted in the following year.

Motor Boat Production in Sweden

In value terms, motor boat production dropped modestly to $X in 2022 estimated in export price. In general, production showed a abrupt descent. The pace of growth was the most pronounced in 2021 when the production volume increased by X% against the previous year. Motor boat production peaked at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Motor Boat Exports

Exports from Sweden

In 2021, the amount of motor boats and motor yachts, for pleasure or sports exported from Sweden skyrocketed to X units, increasing by X% compared with 2020. Over the period under review, total exports indicated buoyant growth from 2012 to 2021: its volume increased at an average annual rate of X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to see gradual growth in the near future.

In value terms, motor boat exports skyrocketed to $X in 2021. Overall, exports recorded a buoyant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Finland (X units), Germany (X units) and the UK (X units) were the main destinations of motor boat exports from Sweden, together comprising X% of total exports. Denmark, Norway, Spain, France and Kuwait lagged somewhat behind, together comprising a further X%.

From 2012 to 2021, the biggest increases were recorded for Denmark (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Denmark ($X) and Norway ($X) were the largest markets for motor boat exported from Sweden worldwide, together comprising X% of total exports.

Denmark, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average motor boat export price stood at $X per unit in 2021, with an increase of X% against the previous year. In general, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the average export price increased by X%. Over the period under review, the average export prices attained the maximum in 2021 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per unit), while the average price for exports to Finland ($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 Kuwait (X%), while the prices for the other major destinations experienced more modest paces of growth.

Motor Boat Imports

Imports into Sweden

In 2021, supplies from abroad of motor boats and motor yachts, for pleasure or sports increased by X% to X units, rising for the second year in a row after two years of decline. Over the period under review, imports saw a strong expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, motor boat imports soared to $X in 2021. Overall, imports continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Imports peaked in 2021 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, Finland (X units) constituted the largest supplier of motor boat to Sweden, with a X% share of total imports. Moreover, motor boat imports from Finland exceeded the figures recorded by the second-largest supplier, Poland (X units), ninefold. Germany (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Finland amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (X% per year) and Germany (X% per year).

In value terms, Finland ($X) constituted the largest supplier of motor boats and motor yachts, for pleasure or sports to Sweden, comprising X% of total imports. The second position in the ranking was taken by Poland ($X), with a X% share of total imports. It was followed by Norway, with a X% share.

From 2012 to 2021, the average annual growth rate of value from Finland stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (X% per year) and Norway (X% per year).

Import Prices by Country

The average motor boat import price stood at $X per unit in 2021, which is down by X% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average import price increased by X%. As a result, import price attained the peak level of $X per unit, and then fell in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per unit), while the price for the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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