
U.S. Boat Market. Analysis And Forecast to 2025
Update: COVID-19 Impact
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U.S.: Boat Market Overview 2020
Boat Market Size in the U.S.
For the seventh consecutive year, the U.S. boat market recorded growth in sales value, which increased by X% to $X in 2019. Over the period under review, the total consumption indicated a remarkable increase from 2013 to 2019: its value increased at an average annual rate of +X% over the last six years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, consumption increased by +X% against 2013 indices. The most prominent rate of growth was recorded in 2014 when the market value increased by X% y-o-y. Boat consumption peaked in 2019 and is likely to see gradual growth in the immediate term.
Boat Production in the U.S.
In value terms, boat production expanded significantly to $X in 2019. The total output value increased at an average annual rate of +X% over the period from 2013 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2015 when the production volume increased by X% against the previous year. Boat production peaked in 2019 and is expected to retain growth in years to come.
Boat Exports
Exports from the U.S.
After two years of growth, shipments abroad of boats decreased by -X% to X units in 2019. Overall, exports faced a deep setback. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Exports peaked at X units in 2013; however, from 2014 to 2019, exports remained at a lower figure.
In value terms, boat exports declined remarkably to $X in 2019. Over the period under review, exports recorded a dramatic setback. The most prominent rate of growth was recorded in 2017 when exports increased by X% y-o-y. Exports peaked at $X in 2014; however, from 2015 to 2019, exports stood at a somewhat lower figure.
Exports by Country
Canada (X units) was the main destination for boat exports from the U.S., with a X% share of total exports. It was followed by Belgium (X units), with a X% share of total exports.
From 2013 to 2019, the average annual rate of growth in terms of volume to Canada totaled -X%.
In value terms, Belgium ($X) emerged as the key foreign market for boat exports from the U.S., comprising X% of total exports. The second position in the ranking was occupied by Canada ($X), with a X% share of total exports.
From 2013 to 2019, the average annual growth rate of value to Belgium stood at +X%.
Export Prices by Country
The average boat export price stood at $X per unit in 2019, falling by -X% against the previous year. Over the period under review, the export price recorded a sharp decline. The pace of growth appeared the most rapid in 2017 an increase of X% against the previous year. As a result, export price reached the peak level of $X per unit. From 2018 to 2019, the growth in terms of the average export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In 2019, the country with the highest price was Belgium ($X per unit), while the average price for exports to Canada amounted to $X per unit.
From 2013 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Belgium.
Boat Imports
Imports into the U.S.
In 2019, purchases abroad of boats decreased by -X% to X units, falling for the second consecutive year after five years of growth. Over the period under review, total imports indicated a buoyant increase from 2013 to 2019: its volume increased at an average annual rate of +X% over the last six years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, imports decreased by -X% against 2017 indices. The pace of growth appeared the most rapid in 2014 with an increase of X% year-to-year. Over the period under review, imports reached the peak figure at X units in 2017; however, from 2018 to 2019, imports stood at a somewhat lower figure.
In value terms, boat imports expanded notably to $X in 2019. In general, total imports indicated strong growth from 2013 to 2019: its value increased at an average annual rate of +X% over the last six-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, imports decreased by +X% against 2015 indices. The most prominent rate of growth was recorded in 2015 with an increase of X% year-to-year. Over the period under review, imports reached the peak figure in 2019 and are likely to see steady growth in years to come.
Imports by Country
In 2019, Canada (X units) constituted the largest boat supplier to the U.S., accounting for a X% share of total imports. Moreover, boat imports from Canada exceeded the figures recorded by the second-largest supplier, China (X units), more than tenfold. The third position in this ranking was occupied by Thailand (X units), with a X% share.
From 2013 to 2019, the average annual rate of growth in terms of volume from Canada amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+X% per year) and Thailand (+X% per year).
In value terms, Canada ($X), Mexico ($X) and China ($X) constituted the largest boat suppliers to the U.S., with a combined X% share of total imports. Thailand and Indonesia lagged somewhat behind, together accounting for a further X the main suppliers, Indonesia (+X% per year) saw 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 2019, the average boat import price amounted to $X per unit, surging by X% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 an increase of X% year-to-year. As a result, import price reached the peak level of $X per unit. From 2016 to 2019, the growth in terms of the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2019, the country with the highest price was Mexico ($X per unit), while the price for Indonesia ($X per unit) was amongst the lowest.
From 2013 to 2019, the most notable rate of growth in terms of prices was attained by Thailand, while the prices for the other major suppliers experienced a decline.
Source: IndexBox AI Platform
Frequently Asked Questions (FAQ) :
What are the leading suppliers of boats to the U.S.?+
In value terms, the largest boat suppliers to the U.S. were Canada ($126M), Mexico ($99M) and China ($53M), with a combined 17% share of total imports. Thailand and Indonesia lagged somewhat behind, together comprising a further 0.5%.
What are the leading importers of boats from the U.S.?+
In value terms, Belgium ($21M) emerged as the key foreign market for boat exports from the U.S., comprising 28% of total exports. The second position in the ranking was occupied by Canada ($6.7M), with a 9.1% share of total exports.
What is the average export price for boats in the U.S.?+
The average boat export price stood at $2,475 per unit in 2019, with a decrease of -83.7% against the previous year.
What is the average import price for boats in the U.S.?+
The average boat import price stood at $3,760 per unit in 2019, jumping by 24% against the previous year.
This report provides an in-depth analysis of the boat market in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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