Asia: Motor Boat Market 2025

Motor Boat Market Size in Asia

After three years of growth, the Asian motor boat market decreased by -2.3% to $X in 2021. Over the period under review, consumption, however, showed a abrupt setback. The pace of growth appeared the most rapid in 2020 when the market value increased by 5.6% against the previous year. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Motor Boat Production in Asia

In value terms, motor boat production declined modestly to $X in 2021 estimated in export price. Over the period under review, production, however, showed a deep setback. The most prominent rate of growth was recorded in 2020 with an increase of 7.9%. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Motor Boat Exports

Exports in Asia

In 2021, overseas shipments of motor boats and motor yachts, for pleasure or sports increased by 266% to X units, rising for the second year in a row after two years of decline. In general, exports showed a slight increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, motor boat exports surged to $X in 2021. Over the period under review, exports posted a buoyant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Cyprus represented the main exporting country with an export of about X units, which amounted to 54% of total exports. Japan (X units) took the second position in the ranking, distantly followed by Turkey (X units) and China (X units). All these countries together took approx. 40% share of total exports. Singapore (X units) took a minor share of total exports.

Cyprus was also the fastest-growing in terms of the motor boats and motor yachts, for pleasure or sports exports, with a CAGR of +51.4% from 2012 to 2021. At the same time, China (+36.8%), Turkey (+7.4%) and Singapore (+6.3%) displayed positive paces of growth. By contrast, Japan (-10.7%) illustrated a downward trend over the same period. Cyprus (+53 p.p.), China (+6.2 p.p.) and Turkey (+2.9 p.p.) significantly strengthened its position in terms of the total exports, while Japan saw its share reduced by -56.3% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Cyprus ($X), Turkey ($X) and China ($X) were the countries with the highest levels of exports in 2021, with a combined 91% share of total exports.

Cyprus, with a CAGR of +63.2%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Asia stood at $X per unit in 2021, waning by -40.4% against the previous year. Over the period under review, the export price, however, recorded buoyant growth. The pace of growth appeared the most rapid in 2013 an increase of 107% against the previous year. Over the period under review, the export prices hit record highs at $X per unit in 2020, and then contracted markedly in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Turkey ($X per unit), while Japan ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Cyprus (+7.8%), while the other leaders experienced mixed trends in the export price figures.

Motor Boat Imports

Imports in Asia

Motor boat imports soared to X units in 2021, growing by 26% against 2020 figures. Over the period under review, imports, however, continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2019 when imports increased by 114%. Over the period under review, imports reached the peak figure at X units in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, motor boat imports declined notably to $X in 2021. Overall, imports saw measured growth. The most prominent rate of growth was recorded in 2020 when imports increased by 128% against the previous year. The level of import peaked at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

Qatar represented the main importing country with an import of around X units, which reached 78% of total imports. Hong Kong SAR (X units) held the second position in the ranking, followed by the United Arab Emirates (X units). All these countries together held approx. 16% share of total imports. China (X units) held a minor share of total imports.

From 2012 to 2021, average annual rates of growth with regard to motor boat imports into Qatar stood at -15.4%. At the same time, the United Arab Emirates (+31.7%), China (+5.2%) and Hong Kong SAR (+2.7%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing importer imported in Asia, with a CAGR of +31.7% from 2012-2021. From 2012 to 2021, the share of Hong Kong SAR, the United Arab Emirates and China increased by +8.1, +5.4 and +1.7 percentage points, respectively.

In value terms, Hong Kong SAR ($X) constitutes the largest market for imported motor boats and motor yachts, for pleasure or sports in Asia, comprising 41% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with a 16% share of total imports. It was followed by China, with a 4.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Hong Kong SAR totaled +5.1%. In the other countries, the average annual rates were as follows: the United Arab Emirates (+7.0% per year) and China (-14.3% per year).

Import Prices by Country

The import price in Asia stood at $X per unit in 2021, falling by -38.3% against the previous year. In general, the import price, however, enjoyed a significant expansion. The growth pace was the most rapid in 2020 when the import price increased by 727%. As a result, import price attained the peak level of $X per unit, and then reduced dramatically in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Hong Kong SAR ($X per unit), while Qatar ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+2.3%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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