CIS: Sailboat Market 2024

Sailboat Market Size in CIS

The CIS sailboat market expanded sharply to $X in 2021, growing by 5.5% against the previous year. In general, consumption saw a noticeable shrinkage. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Sailboat Production in CIS

In value terms, sailboat production expanded slightly to $X in 2021 estimated in export price. In general, production, however, continues to indicate a abrupt slump. The growth pace was the most rapid in 2015 with an increase of 119%. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Sailboat Exports

Exports in CIS

Sailboat exports contracted notably to X units in 2021, shrinking by -69.6% against the previous year's figure. Overall, exports continue to indicate a abrupt shrinkage. The pace of growth appeared the most rapid in 2017 with an increase of 137% against the previous year. As a result, the exports reached the peak of X units. From 2018 to 2021, the growth of the exports remained at a lower figure.

In value terms, sailboat exports shrank dramatically to $X in 2021. In general, exports showed a abrupt shrinkage. The pace of growth appeared the most rapid in 2017 with an increase of 152% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Belarus represented the major exporter of sailboats for pleasure or sports, with or without auxiliary motor in the CIS, with the volume of exports accounting for X units, which was near 71% of total exports in 2021. It was distantly followed by Russia (X units), achieving a 29% share of total exports.

Exports from Belarus decreased at an average annual rate of -16.4% from 2012 to 2021. Russia (-7.4%) illustrated a downward trend over the same period. While the share of Russia (+15 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Belarus (-14.8 p.p.) displayed negative dynamics.

In value terms, Russia ($X) remains the largest sailboat supplier in the CIS, comprising 95% of total exports. The second position in the ranking was taken by Belarus ($X), with a 4.8% share of total exports.

In Russia, sailboat exports shrank by an average annual rate of -14.0% over the period from 2012-2021.

Export Prices by Country

The export price in the CIS stood at $X per unit in 2021, increasing by 67% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 an increase of 174% against the previous year. Over the period under review, the export prices hit record highs in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Russia ($X per unit), while Belarus stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belarus (-4.0%).

Sailboat Imports

Imports in CIS

In 2021, overseas purchases of sailboats for pleasure or sports, with or without auxiliary motor decreased by -12.6% to X units, falling for the second consecutive year after four years of growth. In general, imports continue to indicate a deep slump. The growth pace was the most rapid in 2014 with an increase of 170%. The volume of import peaked at X units in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, sailboat imports surged to $X in 2021. Over the period under review, imports showed a slight downturn. The most prominent rate of growth was recorded in 2019 with an increase of 376%. As a result, imports reached the peak of $X. From 2020 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Russia prevails in imports structure, resulting at X units, which was approx. 92% of total imports in 2021. Kazakhstan (X units) and Kyrgyzstan (X units) held a relatively small share of total imports.

Imports into Russia decreased at an average annual rate of -15.0% from 2012 to 2021. At the same time, Kazakhstan (+22.0%) and Kyrgyzstan (+16.7%) displayed positive paces of growth. Moreover, Kazakhstan emerged as the fastest-growing importer imported in the CIS, with a CAGR of +22.0% from 2012-2021. Kazakhstan (+3.5 p.p.) and Kyrgyzstan (+2.3 p.p.) significantly strengthened its position in terms of the total imports, while Russia saw its share reduced by -4.3% from 2012 to 2021, respectively.

In value terms, Russia ($X) constitutes the largest market for imported sailboats for pleasure or sports, with or without auxiliary motor in the CIS, comprising 92% of total imports. The second position in the ranking was held by Kazakhstan ($X), with a 4.8% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value in Russia amounted to -1.9%. In the other countries, the average annual rates were as follows: Kazakhstan (+14.2% per year) and Kyrgyzstan (+17.9% per year).

Import Prices by Country

The import price in the CIS stood at $X per unit in 2021, jumping by 136% against the previous year. Over the period under review, the import price recorded buoyant growth. The most prominent rate of growth was recorded in 2019 when the import price increased by 173% against the previous year. Over the period under review, import prices attained the peak figure in 2021 and is expected to retain growth in years to come.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (+15.5%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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