GCC: Sailboat Market 2025

Sailboat Market Size in GCC

The GCC sailboat market skyrocketed to $X in 2021, jumping by 41% against the previous year. The total consumption indicated a slight increase from 2012 to 2021: its value increased at an average annual rate of +1.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked in 2021 and is expected to retain growth in the near future.

Sailboat Production in GCC

In value terms, sailboat production amounted to $X in 2021 estimated in export price. Overall, production enjoyed buoyant growth. The pace of growth appeared the most rapid in 2016 when the production volume increased by 85% against the previous year. The level of production peaked at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Sailboat Exports

Exports in GCC

In 2021, overseas shipments of sailboats for pleasure or sports, with or without auxiliary motor increased by 29% to X units, rising for the second year in a row after two years of decline. In general, exports, however, continue to indicate a slight slump. The most prominent rate of growth was recorded in 2017 with an increase of 216% against the previous year. As a result, the exports attained the peak of X units. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, sailboat exports soared to $X in 2021. Overall, exports recorded a resilient increase. The pace of growth appeared the most rapid in 2013 with an increase of 90%. The level of export peaked at $X in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

Exports by Country

In 2021, Oman (X units) was the major exporter of sailboats for pleasure or sports, with or without auxiliary motor, achieving 62% of total exports. The United Arab Emirates (X units) ranks second in terms of the total exports with a 23% share, followed by Kuwait (8%). The following exporters - Bahrain (X units) and Saudi Arabia (X units) - each recorded a 7.1% share of total exports.

Oman was also the fastest-growing in terms of the sailboats for pleasure or sports, with or without auxiliary motor exports, with a CAGR of +17.6% from 2012 to 2021. At the same time, the United Arab Emirates (+9.0%) displayed positive paces of growth. By contrast, Kuwait (-12.2%), Saudi Arabia (-15.9%) and Bahrain (-24.5%) illustrated a downward trend over the same period. Oman (+49 p.p.) and the United Arab Emirates (+14 p.p.) significantly strengthened its position in terms of the total exports, while Saudi Arabia, Kuwait and Bahrain saw its share reduced by -11.5%, -15% and -36.1% from 2012 to 2021, respectively.

In value terms, the largest sailboat supplying countries in GCC were the United Arab Emirates ($X), Oman ($X) and Saudi Arabia ($X), with a combined 99% share of total exports.

Saudi Arabia, with a CAGR of +20.9%, saw the highest growth rate of 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

The export price in GCC stood at $X per unit in 2021, growing by 13% against the previous year. In general, the export price continues to indicate a resilient expansion. The pace of growth appeared the most rapid in 2019 when the export price increased by 68%. The level of export peaked at $X per unit in 2016; however, from 2017 to 2021, the export prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+42.0%), while the other leaders experienced mixed trends in the export price figures.

Sailboat Imports

Imports in GCC

In 2021, the amount of sailboats for pleasure or sports, with or without auxiliary motor imported in GCC soared to X units, rising by 79% compared with 2020 figures. Over the period under review, imports, however, showed a deep setback. The most prominent rate of growth was recorded in 2019 with an increase of 68,166% against the previous year. As a result, imports reached the peak of X units. From 2020 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, sailboat imports surged to $X in 2021. Overall, imports recorded a prominent increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Qatar dominates imports structure, accounting for X units, which was near 98% of total imports in 2021. The United Arab Emirates (X units) held a little share of total imports.

From 2012 to 2021, average annual rates of growth with regard to sailboat imports into Qatar stood at -10.9%. At the same time, the United Arab Emirates (+10.9%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing importer imported in GCC, with a CAGR of +10.9% from 2012-2021. The shares of the largest importers remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported sailboats for pleasure or sports, with or without auxiliary motor in GCC, comprising 89% of total imports. The second position in the ranking was held by Qatar ($X), with a 1.3% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value in the United Arab Emirates amounted to +16.6%.

Import Prices by Country

In 2021, the import price in GCC amounted to $X per unit, growing by 64% against the previous year. In general, the import price recorded resilient growth. The pace of growth was the most pronounced in 2018 when the import price increased by 11,628%. As a result, import price attained the peak level of $X per unit. From 2019 to 2021, the import prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the United Arab Emirates ($X per unit), while Qatar amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+5.1%).

Source: IndexBox Platform