EU: Motor Boat Market 2024

Motor Boat Market Size in the EU

The EU motor boat market skyrocketed to $X in 2021, with an increase of 28% against the previous year. The market value increased at an average annual rate of +2.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Motor Boat Production in the EU

In value terms, motor boat production skyrocketed to $X in 2021 estimated in export price. The total production indicated measured growth from 2012 to 2021: its value increased at an average annual rate of +3.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +45.3% against 2017 indices. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Motor Boat Exports

Exports in the EU

In 2021, the amount of motor boats and motor yachts, for pleasure or sports exported in the European Union surged to X units, with an increase of 39% on the previous year's figure. Overall, exports continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2020 when exports increased by 54%. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in years to come.

In value terms, motor boat exports soared to $X in 2021. Over the period under review, exports enjoyed resilient growth. The most prominent rate of growth was recorded in 2020 with an increase of 124%. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in the near future.

Exports by Country

Italy was the key exporter of motor boats and motor yachts, for pleasure or sports in the European Union, with the volume of exports amounting to X units, which was near 47% of total exports in 2021. The Netherlands (X units) held a 21% share (based on physical terms) of total exports, which put it in second place, followed by Germany (9%) and Belgium (7.2%). Finland (X units), Cyprus (X units) and Poland (X units) followed a long way behind the leaders.

Exports from Italy increased at an average annual rate of +11.0% from 2012 to 2021. At the same time, Cyprus (+51.4%), Germany (+33.0%), the Netherlands (+30.6%), Poland (+21.0%), Finland (+19.9%) and Belgium (+19.6%) displayed positive paces of growth. Moreover, Cyprus emerged as the fastest-growing exporter exported in the European Union, with a CAGR of +51.4% from 2012-2021. From 2012 to 2021, the share of the Netherlands, Germany, Cyprus and Belgium increased by +14, +6.4, +4 and +1.8 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Netherlands ($X), Italy ($X) and Germany ($X) appeared to be the countries with the highest levels of exports in 2021, together accounting for 84% of total exports. Cyprus, Poland, Finland and Belgium lagged somewhat behind, together accounting for a further 7.5%.

Cyprus, with a CAGR of +63.2%, saw 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

In 2021, the export price in the European Union amounted to $X per unit, which is down by -4.4% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 an increase of 46%. As a result, the export price reached the peak level of $X per unit, and then contracted in the following year.

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 the Netherlands ($X per unit), while Belgium ($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 the EU

In 2021, purchases abroad of motor boats and motor yachts, for pleasure or sports increased by 59% to X units, rising for the second consecutive year after two years of decline. Overall, imports posted buoyant growth. The pace of growth was the most pronounced in 2020 with an increase of 81%. The volume of import peaked in 2021 and is expected to retain growth in the immediate term.

In value terms, motor boat imports amounted to $X in 2021. Over the period under review, imports recorded a buoyant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 136% against the previous year. The level of import peaked in 2021 and is likely to see gradual growth in the immediate term.

Imports by Country

The countries with the highest levels of motor boat imports in 2021 were the Netherlands (X units), Belgium (X units) and Malta (X units), together accounting for 61% of total import. Finland (X units) took a 10% share (based on physical terms) of total imports, which put it in second place, followed by Sweden (7.3%) and Spain (4.6%). France (X units) took a minor share of total imports.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +42.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X) constitutes the largest market for imported motor boats and motor yachts, for pleasure or sports in the European Union, comprising 51% of total imports. The second position in the ranking was held by Malta ($X), with an 11% share of total imports. It was followed by France, with an 8.7% share.

From 2012 to 2021, the average annual growth rate of value in the Netherlands totaled +46.9%. In the other countries, the average annual rates were as follows: Malta (+5.8% per year) and France (+4.3% per year).

Import Prices by Country

The import price in the European Union stood at $X per unit in 2021, dropping by -36.8% against the previous year. Over the period under review, the import price, however, continues to indicate modest growth. The growth pace was the most rapid in 2018 when the import price increased by 52%. The level of import peaked at $X per unit in 2020, and then contracted sharply in the following year.

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 France ($X per unit), while Belgium ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+3.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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