U.S.: Boat Market Overview 2021

Boat Market Size in the U.S.

In 2020, the U.S. boat market increased by X% to $X for the first time since 2017, thus ending a two-year declining trend. Overall, consumption saw a prominent increase. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Boat consumption peaked in 2020 and is likely to see gradual growth in years to come.

Boat Production in the U.S.

In value terms, boat production stood at $X in 2020. Over the period under review, production saw perceptible growth. The pace of growth appeared the most rapid in 2015 when the production volume increased by X% y-o-y. Over the period under review, production reached the maximum level in 2020 and is expected to retain growth in years to come.

Boat Exports

Exports from the U.S.

In 2020, after two years of growth, there was significant decline in shipments abroad of boats, when their volume decreased by -X% to X tonnes. Over the period under review, exports faced a abrupt decrease. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Over the period under review, exports attained the maximum at X tonnes in 2014; however, from 2015 to 2020, exports remained at a lower figure.

In value terms, boat exports fell notably to $X in 2020. In general, exports continue to indicate a pronounced downturn. The pace of growth appeared the most rapid in 2017 when exports increased by X% against the previous year. Exports peaked at $X in 2019, and then declined remarkably in the following year.

Exports by Country

Canada (X tonnes) was the main destination for boat exports from the U.S., accounting for a X% share of total exports. Moreover, boat exports to Canada exceeded the volume sent to the second major destination, Mexico (X tonnes), fourfold. The third position in this ranking was occupied by Bahamas (X tonnes), with a X% share.

From 2013 to 2020, the average annual rate of growth in terms of volume 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 Bahamas (+X% per year).

In value terms, Canada ($X) remains the key foreign market for boat exports from the U.S., comprising X% of total exports. The second position in the ranking was occupied by Bahamas ($X), with a X% share of total exports. It was followed by Mexico, with a X% share.

From 2013 to 2020, 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: Bahamas (+X% per year) and Mexico (+X% per year).

Export Prices by Country

The average boat export price stood at $X per tonne in 2020, jumping by X% against the previous year. Overall, the export price saw a buoyant expansion. The pace of growth was the most pronounced in 2015 an increase of X% against the previous year. Over the period under review, average export prices hit record highs in 2020 and is expected to retain growth in years to come.

Prices varied noticeably by the country of destination; the country with the highest price was Bahamas ($X per tonne), while the average price for exports to the Netherlands ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Bahamas, while the prices for the other major destinations experienced more modest paces of growth.

Boat Imports

Imports into the U.S.

In 2020, purchases abroad of boats increased by X% to X tonnes, rising for the second year in a row after three years of decline. In general, imports enjoyed a resilient increase. The pace of growth appeared the most rapid in 2015 when imports increased by X% y-o-y. As a result, imports reached the peak of X tonnes. from 2016 to 2020, the growth imports remained at a lower figure.

In value terms, boat imports rose notably to $X in 2020. Over the period under review, imports saw a resilient expansion. The pace of growth was the most pronounced in 2015 when imports increased by X% year-to-year. Over the period under review, imports hit record highs in 2020 and are expected to retain growth in the near future.

Imports by Country

Canada (X tonnes), Italy (X tonnes) and China (X tonnes) were the main suppliers of boat imports to the U.S., together accounting for X% of total imports. These countries were followed by Taiwan (Chinese), France, Mexico, the UK, Poland, South Africa, Australia, the Netherlands and Turkey, which together accounted for a further X 2013 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (+X% per year), while imports for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Taiwan (Chinese) ($X) and the UK ($X) were the largest boat suppliers to the U.S., with a combined X% share of total imports. France, Canada, Mexico, Australia, China, the Netherlands, Poland, South Africa and Turkey lagged somewhat behind, together comprising a further X (+X% per year) saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2020, the average boat import price amounted to $X per tonne, with an increase of X% against the previous year. In general, the import price enjoyed modest growth. The most prominent rate of growth was recorded in 2017 when the average import price increased by X% against the previous year. The import price peaked at $X per tonne in 2018; however, from 2019 to 2020, import prices failed to regain the momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was the Netherlands ($X per tonne), while the price for Canada ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by the Netherlands, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the leading suppliers of boats to the U.S.?

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In value terms, the largest boat suppliers to the U.S. were Italy ($392M), Taiwan (Chinese) ($234M) and the UK ($160M), together comprising 45% of total imports. These countries were followed by France, Canada, Mexico, Australia, China, the Netherlands, Poland, South Africa and Turkey, which together accounted for a further 45%.

What are the leading importers of boats from the U.S.?

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In value terms, Canada ($404M) remains the key foreign market for boat exports from the U.S., comprising 41% of total exports. The second position in the ranking was occupied by Bahamas ($111M), with a 11% share of total exports. It was followed by Mexico, with a 11% share.

What is the average export price for boats in the U.S.?

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In 2020, the average boat export price amounted to $29,905 per tonne, increasing by 22% against the previous year.

What is the average import price for boats in the U.S.?

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In 2020, the average boat import price amounted to $32,064 per tonne, growing by 2.2% against the previous year.