U.S.: Boat Market 2023

Boat Market Size in the U.S.

The U.S. boat market surged to $X in 2022, growing by X% against the previous year. Overall, the total consumption indicated a resilient expansion from 2013 to 2022: its value increased at an average annual rate of X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2015 indices. Over the period under review, the market hit record highs in 2022 and is likely to continue growth in the immediate term.

Boat Production in the U.S.

In value terms, boat production fell to $X in 2022. The total output value increased at an average annual rate of X% over the period from 2013 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2015 with an increase of X%. Over the period under review, production attained the maximum level at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Boat Exports

Exports from the U.S.

In 2022, approx. X units of boats were exported from the United States; waning by X% compared with the year before. Overall, exports showed a perceptible decrease. The growth pace was the most rapid in 2021 with an increase of X%. As a result, the exports attained the peak of X units, and then contracted markedly in the following year.

In value terms, boat exports expanded rapidly to $X in 2022. Over the period under review, total exports indicated a measured increase from 2013 to 2022: its value increased at an average annual rate of X% over the last nine-year period. 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 pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in the near future.

Exports by Country

Canada (X units) was the main destination for boat exports from the United States, with a X% share of total exports. Moreover, boat exports to Canada exceeded the volume sent to the second major destination, Mexico (X units), threefold. The third position in this ranking was held by Australia (X units), with a X% share.

From 2013 to 2022, the average annual growth rate of volume to Canada totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (X% per year) and Australia (X% per year).

In value terms, Canada ($X) remains the key foreign market for boats exports from the United States, comprising X% of total exports. The second position in the ranking was held by Mexico ($X), with a X% share of total exports. It was followed by Australia, with a X% share.

From 2013 to 2022, the average annual growth rate of value to Canada stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (X% per year) and Australia (X% per year).

Export Prices by Country

The average boat export price stood at $X per unit in 2022, picking up by X% against the previous year. In general, export price indicated resilient growth from 2013 to 2022: its price increased at an average annual rate of X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Australia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Boat Imports

Imports into the U.S.

After two years of growth, supplies from abroad of boats decreased by X% to X units in 2022. Overall, total imports indicated a moderate increase from 2013 to 2022: its volume increased at an average annual rate of X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when imports increased by X%. Over the period under review, imports hit record highs at X units in 2021, and then dropped significantly in the following year.

In value terms, boat imports surged to $X in 2022. Over the period under review, imports, however, posted a buoyant increase. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to continue growth in years to come.

Imports by Country

In 2022, Canada (X units) constituted the largest boat supplier to the United States, with a X% share of total imports. Moreover, boat imports from Canada exceeded the figures recorded by the second-largest supplier, Mexico (X units), sixfold. China (X units) ranked third in terms of total imports with a X% share.

From 2013 to 2022, the average annual growth rate of volume from Canada totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (X% per year) and China (X% per year).

In value terms, the largest boat suppliers to the United States were Mexico ($X), Canada ($X) and China ($X), together accounting for X% of total imports.

Among the main suppliers, Mexico, with a CAGR of X%, recorded 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 average boat import price amounted to $X per unit, growing by X% against the previous year. In general, the import price posted a buoyant increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Mexico ($X per unit), while the price for Canada ($X per unit) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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