EU: Outboard Boat Motors Market 2024

Outboard Boat Motors Market Size in the EU

The EU outboard boat motors market soared to $X in 2022, increasing by X% against the previous year. Overall, consumption saw a resilient expansion. Over the period under review, the market attained the peak level in 2022 and is expected to retain growth in years to come.

Outboard Boat Motors Production in the EU

In value terms, outboard boat motors production totaled $X in 2022 estimated in export price. The total production 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, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of X%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Outboard Boat Motors Exports

Exports in the EU

In 2022, overseas shipments of outboard motors for marine propulsion increased by X% to X units, rising for the third year in a row after two years of decline. Total exports indicated moderate 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 when exports increased by X% against the previous year. The volume of export peaked in 2022 and is likely to see gradual growth in the near future.

In value terms, outboard boat motors exports rose significantly to $X in 2022. Overall, exports enjoyed a strong increase. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in years to come.

Exports by Country

Belgium represented the key exporting country with an export of around X units, which amounted to X% of total exports. Germany (X units) took a X% share (based on physical terms) of total exports, which put it in second place, followed by France (X%) and the Netherlands (X%). Italy (X units), Lithuania (X units), Finland (X units), Spain (X units), Slovenia (X units), Hungary (X units) and Portugal (X units) followed a long way behind the leaders.

Exports from Belgium increased at an average annual rate of X% from 2012 to 2022. At the same time, Hungary (X%), Slovenia (X%), Lithuania (X%), Portugal (X%), the Netherlands (X%), Finland (X%) and Germany (X%) displayed positive paces of growth. Moreover, Hungary emerged as the fastest-growing exporter exported in the European Union, with a CAGR of X% from 2012-2022. Spain and Italy experienced a relatively flat trend pattern. By contrast, France (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the Netherlands, Lithuania, Germany, Slovenia, Hungary and Belgium increased by X, X, X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Belgium ($X) remains the largest outboard boat motors supplier in the European Union, comprising X% of total exports. The second position in the ranking was held by Germany ($X), with a X% share of total exports. It was followed by France, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Belgium amounted to X%. In the other countries, the average annual rates were as follows: Germany (X% per year) and France (X% per year).

Export Prices by Country

In 2022, the export price in the European Union amounted to $X per unit, surging 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. Over the period under review, the export prices reached the maximum at $X per unit in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (X%), while the other leaders experienced more modest paces of growth.

Outboard Boat Motors Imports

Imports in the EU

In 2022, the amount of outboard motors for marine propulsion imported in the European Union totaled X units, with an increase of X% compared with the previous year's figure. Total imports indicated a buoyant increase 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 2014 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in the near future.

In value terms, outboard boat motors imports expanded slightly to $X in 2022. Overall, imports showed a buoyant increase. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to see steady growth in years to come.

Imports by Country

In 2022, Belgium (X units), distantly followed by Germany (X units), Italy (X units), Spain (X units), Poland (X units), Finland (X units) and Sweden (X units) were the major importers of outboard motors for marine propulsion, together comprising X% of total imports. The following importers - France (X units), Greece (X units), the Netherlands (X units), Denmark (X units), Hungary (X units) and Croatia (X units) - together made up X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Hungary (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X) constitutes the largest market for imported outboard motors for marine propulsion in the European Union, comprising X% of total imports. The second position in the ranking was taken by Germany ($X), with a X% share of total imports. It was followed by Italy, with a X% share.

In Belgium, outboard boat motors imports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Germany (X% per year) and Italy (X% per year).

Import Prices by Country

The import price in the European Union stood at $X per unit in 2022, approximately equating the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of X%. Over the period under review, import prices hit record highs at $X per unit in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was France ($X per unit), while Spain ($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 Netherlands (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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