Belgium: Outboard Boat Motors Market 2024

Outboard Boat Motors Market Size in Belgium

In 2022, the Belgian outboard boat motors market was finally on the rise to reach $X for the first time since 2019, thus ending a two-year declining trend. Over the period under review, consumption posted temperate growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Outboard Boat Motors Production in Belgium

In value terms, outboard boat motors production shrank to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a prominent expansion. The pace of growth was the most pronounced in 2019 with an increase of X%. As a result, production reached the peak level of $X. From 2020 to 2022, production growth remained at a somewhat lower figure.

Outboard Boat Motors Exports

Exports from Belgium

For the third year in a row, Belgium recorded growth in overseas shipments of outboard motors for marine propulsion, which increased by X% to X units in 2022. Over the period under review, total exports indicated pronounced growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in years to come.

In value terms, outboard boat motors exports expanded markedly to $X in 2022. In general, exports showed a resilient expansion. The pace of growth was the most pronounced in 2020 with an increase of X%. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in the near future.

Exports by Country

Poland (X units), Italy (X units) and France (X units) were the main destinations of outboard boat motors exports from Belgium, together accounting for X% of total exports. Germany, Sweden, the Netherlands, Finland, Spain, Greece, Austria, Bulgaria and Denmark lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Bulgaria (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Italy ($X) and Poland ($X) constituted the largest markets for outboard boat motors exported from Belgium worldwide, together accounting for X% of total exports. Sweden, Germany, the Netherlands, Finland, Spain, Bulgaria, Greece, Denmark and Austria lagged somewhat behind, together accounting for a further X%.

Bulgaria, with a CAGR of X%, recorded the highest rates of growth with regard to 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

In 2022, the average outboard boat motors export price amounted to $X per unit, picking up by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2018 an increase of X% against the previous year. The export price peaked in 2022 and is likely to see steady growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per unit), while the average price for exports to Austria ($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 Bulgaria (X%), while the prices for the other major destinations experienced more modest paces of growth.

Outboard Boat Motors Imports

Imports into Belgium

In 2022, outboard boat motors imports into Belgium soared to X units, jumping by X% against 2021 figures. Overall, total imports indicated a slight expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, outboard boat motors imports surged to $X in 2022. Over the period under review, imports recorded a perceptible increase. The most prominent rate of growth was recorded in 2020 when imports increased by X%. Imports peaked in 2022 and are likely to continue growth in years to come.

Imports by Country

In 2022, Japan (X units) constituted the largest outboard boat motors supplier to Belgium, with a X% share of total imports. Moreover, outboard boat motors imports from Japan exceeded the figures recorded by the second-largest supplier, the United States (X units), threefold.

From 2012 to 2022, the average annual growth rate of volume from Japan amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and China (X% per year).

In value terms, the United States ($X) constituted the largest supplier of outboard motors for marine propulsion to Belgium, comprising X% of total imports. The second position in the ranking was taken by Japan ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (X% per year) and China (X% per year).

Import Prices by Country

The average outboard boat motors import price stood at $X per unit in 2022, falling by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2019 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the maximum at $X per unit in 2021, and then dropped in the following year.

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

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

Source: IndexBox Platform

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