United Kingdom: Motor Boat Market 2024

Motor Boat Market Size in the UK

In 2022, after four years of growth, there was significant decline in the UK motor boat market, when its value decreased by X% to $X. Overall, consumption recorded a pronounced decline. Motor boat consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Motor Boat Production in the UK

In value terms, motor boat production contracted slightly to $X in 2022 estimated in export price. In general, production recorded a perceptible reduction. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Motor boat production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

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Motor Boat Exports

Exports from the UK

In 2022, shipments abroad of motor boats and motor yachts, for pleasure or sports decreased by X% to X units, falling for the third consecutive year after two years of growth. Overall, exports recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2015 when exports increased by X%. The exports peaked at X units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, motor boat exports fell to $X in 2022. Over the period under review, exports continue to indicate a noticeable shrinkage. The most prominent rate of growth was recorded in 2019 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2020 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Malta (X units), Norway (X units) and the United States (X units) were the main destinations of motor boat exports from the UK, together accounting for X% of total exports. South Africa, Spain, France, Australia, the Netherlands, Gibraltar, Hong Kong SAR, Cyprus, Turkey and Germany lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by South Africa (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Malta ($X), the United States ($X) and Spain ($X) were the largest markets for motor boat exported from the UK worldwide, together comprising X% of total exports.

Malta, with a CAGR of X%, saw the highest growth rate of 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 2022, growing by X% against the previous year. In general, the export price saw notable growth. The pace of growth appeared the most rapid in 2019 an increase of X% against the previous year. Over the period under review, the average export prices attained the maximum in 2022 and is likely to continue growth in years to come.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Malta ($X,584 per unit), while the average price for exports to Norway ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (X%), while the prices for the other major destinations experienced more modest paces of growth.

Motor Boat Imports

Imports into the UK

In 2022, approx. X units of motor boats and motor yachts, for pleasure or sports were imported into the UK; shrinking by X% compared with the year before. Over the period under review, imports recorded a slight setback. The most prominent rate of growth was recorded in 2017 when imports increased by X%. Over the period under review, imports reached the maximum at X units in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, motor boat imports reduced to $X in 2022. In general, imports recorded a deep setback. The growth pace was the most rapid in 2017 when imports increased by X%. Imports peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Italy (X units), Belgium (X units) and the United States (X units) were the main suppliers of motor boat imports to the UK, with a combined X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Belgium (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

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

From 2012 to 2022, the average annual rate of growth in terms of value from the Netherlands totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Finland (X% per year) and Italy (X% per year).

Import Prices by Country

In 2022, the average motor boat import price amounted to $X per unit, picking up by X% against the previous year. In general, the import price, however, showed a deep slump. The most prominent rate of growth was recorded in 2016 when the average import price increased by X%. As a result, import price reached the peak level of $X per unit. From 2017 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($X per unit), while the price for Belgium ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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