Eastern Europe: Motor Boat Market 2025

Motor Boat Market Size in Eastern Europe

In 2021, the East European motor boat market decreased by -67.3% to $X, falling for the fifth consecutive year after three years of growth. Over the period under review, consumption recorded a abrupt descent. As a result, consumption reached the peak level of $X. From 2017 to 2021, the growth of the market remained at a lower figure.

Motor Boat Production in Eastern Europe

In value terms, motor boat production soared to $X in 2021 estimated in export price. Over the period under review, production saw a perceptible contraction. The most prominent rate of growth was recorded in 2016 when the production volume increased by 81%. As a result, production attained the peak level of $X. From 2017 to 2021, production growth remained at a lower figure.

Motor Boat Exports

Exports in Eastern Europe

In 2021, overseas shipments of motor boats and motor yachts, for pleasure or sports increased by 31% to X units, rising for the third consecutive year after two years of decline. Overall, exports posted a buoyant increase. The pace of growth was the most pronounced in 2016 with an increase of 54%. The volume of export peaked in 2021 and is expected to retain growth in the near future.

In value terms, motor boat exports skyrocketed to $X in 2021. Over the period under review, exports enjoyed a prominent increase. The growth pace was the most rapid in 2020 when exports increased by 67%. The level of export peaked in 2021 and is expected to retain growth in years to come.

Exports by Country

Poland was the key exporting country with an export of around X units, which accounted for 57% of total exports. Russia (X units) ranks second in terms of the total exports with an 18% share, followed by Latvia (7.3%) and Estonia (5.5%). The following exporters - Slovakia (X units), Lithuania (X units) and Hungary (X units) - together made up 11% of total exports.

From 2012 to 2021, average annual rates of growth with regard to motor boat exports from Poland stood at +21.0%. At the same time, Latvia (+49.4%), Lithuania (+22.9%), Hungary (+13.9%), Russia (+12.9%) and Slovakia (+7.9%) displayed positive paces of growth. Moreover, Latvia emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of +49.4% from 2012-2021. By contrast, Estonia (-1.9%) illustrated a downward trend over the same period. Poland (+24 p.p.), Latvia (+6.7 p.p.) and Lithuania (+2.1 p.p.) significantly strengthened its position in terms of the total exports, while Russia, Slovakia and Estonia saw its share reduced by -1.5%, -2.9% and -15.7% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Poland ($X) remains the largest motor boat supplier in Eastern Europe, comprising 71% of total exports. The second position in the ranking was held by Lithuania ($X), with a 14% share of total exports. It was followed by Estonia, with a 5.2% share.

In Poland, motor boat exports expanded at an average annual rate of +25.6% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Lithuania (+37.1% per year) and Estonia (-2.3% per year).

Export Prices by Country

In 2021, the export price in Eastern Europe amounted to $X per unit, jumping by 20% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.8%. The pace of growth appeared the most rapid in 2013 when the export price increased by 23%. The level of export peaked in 2021 and is expected to retain growth in the near future.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Lithuania (+11.7%), while the other leaders experienced more modest paces of growth.

Motor Boat Imports

Imports in Eastern Europe

In 2021, the amount of motor boats and motor yachts, for pleasure or sports imported in Eastern Europe soared to X units, increasing by 68% on the previous year. In general, imports saw a resilient expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, motor boat imports soared to $X in 2021. Overall, imports saw a strong expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Russia represented the key importing country with an import of around X units, which recorded 44% of total imports. Poland (X units) took a 21% share (based on physical terms) of total imports, which put it in second place, followed by Ukraine (5.4%) and Romania (4.8%). Belarus (X units), Slovakia (X units), Hungary (X units), Latvia (X units), Lithuania (X units), Estonia (X units), Bulgaria (X units) and the Czech Republic (X units) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to motor boat imports into Russia stood at +6.5%. At the same time, Romania (+28.2%), Slovakia (+25.4%), Latvia (+15.4%), Hungary (+11.4%), Ukraine (+7.2%), Estonia (+7.0%), Lithuania (+6.5%), Poland (+4.3%) and the Czech Republic (+3.9%) displayed positive paces of growth. Moreover, Romania emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of +28.2% from 2012-2021. By contrast, Bulgaria (-2.2%) and Belarus (-3.6%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Romania, Slovakia and Latvia increased by +3.9, +3.4 and +1.8 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported motor boats and motor yachts, for pleasure or sports in Eastern Europe, comprising 58% of total imports. The second position in the ranking was held by Poland ($X), with a 13% share of total imports. It was followed by Estonia, with a 5.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Russia stood at +4.1%. In the other countries, the average annual rates were as follows: Poland (+15.7% per year) and Estonia (+22.8% per year).

Import Prices by Country

In 2021, the import price in Eastern Europe amounted to $X per unit, growing by 4.2% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the import price increased by 46%. Over the period under review, import prices attained the peak figure at $X per unit in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Estonia ($X per unit), while Belarus ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Lithuania (+17.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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