China: Outboard Boat Motors Market 2024

Outboard Boat Motors Market Size in China

The Chinese outboard boat motors market expanded slightly to $X in 2022, growing by X% against the previous year. Overall, the total consumption indicated a modest expansion from 2012 to 2022: its value 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, consumption decreased by X% against 2020 indices. Outboard boat motors consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Outboard Boat Motors Production in China

In value terms, outboard boat motors production rose slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2013 when the production volume increased by X%. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Outboard Boat Motors Exports

Exports from China

For the third consecutive year, China 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, exports saw a buoyant expansion. The most prominent rate of growth was recorded 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 the near future.

In value terms, outboard boat motors exports skyrocketed to $X in 2022. Overall, total exports indicated a prominent expansion from 2012 to 2022: its value 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 when exports increased by X% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

Russia (X units), the United States (X units) and Belgium (X units) were the main destinations of outboard boat motors exports from China, together comprising X% of total exports. Brazil, Colombia, Canada, Belarus, Spain, Tanzania, Poland, Australia, Ukraine and Finland lagged somewhat behind, together comprising a further X%.

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

In value terms, the United States ($X), Russia ($X) and Belgium ($X) constituted the largest markets for outboard boat motors exported from China worldwide, with a combined X% share of total exports. Canada, Australia, Brazil, Colombia, Belarus, Spain, Tanzania, Poland, Ukraine and Finland lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, Belarus, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, 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, with an increase of X% against the previous year. In general, the export price, however, continues to indicate a slight downturn. Over the period under review, the average export prices reached the maximum at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Australia ($X per unit), while the average price for exports to Poland ($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 Finland (X%), while the prices for the other major destinations experienced more modest paces of growth.

Outboard Boat Motors Imports

Imports into China

In 2022, the amount of outboard motors for marine propulsion imported into China surged to X units, with an increase of X% compared with the previous year. In general, total imports indicated a temperate 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 2013 indices. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to see gradual growth in the immediate term.

In value terms, outboard boat motors imports expanded slightly to $X in 2022. Over the period under review, imports enjoyed a strong increase. The most prominent rate of growth was recorded in 2020 when imports increased by X%. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Japan (X units) constituted the largest outboard boat motors supplier to China, accounting for 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), tenfold.

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

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

From 2012 to 2022, the average annual rate of growth in terms of value 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 Thailand (X% per year).

Import Prices by Country

In 2022, the average outboard boat motors import price amounted to $X per unit, reducing by X% against the previous year. Overall, the import price, however, showed prominent growth. The pace of growth was the most pronounced in 2020 an increase of X%. As a result, import price attained the peak level of $X per unit. From 2021 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per unit), while the price for Thailand ($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 more modest paces of growth.

Source: IndexBox Platform

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