Greece: Motor Boat Market 2025

Motor Boat Market Size in Greece

The Greek motor boat market surged to $X in 2021, increasing by 17% against the previous year. Overall, consumption, however, continues to indicate a deep contraction. Motor boat consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Motor Boat Production in Greece

In value terms, motor boat production rose significantly to $X in 2021 estimated in export price. In general, production, however, saw a abrupt descent. The pace of growth appeared the most rapid in 2017 when the production volume increased by 33%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Motor Boat Exports

Exports from Greece

In 2021, overseas shipments of motor boats and motor yachts, for pleasure or sports increased by 72% to X units, rising for the second consecutive year after two years of decline. Overall, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when exports increased by 259%. The exports peaked in 2021 and are likely to continue growth in years to come.

In value terms, motor boat exports soared to $X in 2021. Over the period under review, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 266%. Over the period under review, the exports reached the maximum in 2021 and are likely to continue growth in the immediate term.

Exports by Country

The UK (X units), Turkey (X units) and Cayman Islands (X units) were the main destinations of motor boat exports from Greece, with a combined 44% share of total exports. Italy, Malta, the United States, Romania, the Netherlands, Montenegro, Marshall Islands, Albania, Australia and Bulgaria lagged somewhat behind, together comprising a further 42%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Montenegro (with a CAGR of +68.2%), while the other leaders experienced more modest paces of growth.

In value terms, Cayman Islands ($X) emerged as the key foreign market for motor boats and motor yachts, for pleasure or sports exports from Greece, comprising 29% of total exports. The second position in the ranking was held by Turkey ($X), with a 14% share of total exports. It was followed by Marshall Islands, with a 13% share.

From 2012 to 2021, the average annual growth rate of value to Cayman Islands amounted to +30.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (+20.5% per year) and Marshall Islands (-9.0% per year).

Export Prices by Country

The average motor boat export price stood at $X per unit in 2021, picking up by 29% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. Over the period under review, the average export prices hit record highs at $X per unit in 2016; however, from 2017 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Marshall Islands ($X per unit), while the average price for exports to Romania ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+38.2%), while the prices for the other major destinations experienced more modest paces of growth.

Motor Boat Imports

Imports into Greece

In 2021, overseas purchases of motor boats and motor yachts, for pleasure or sports increased by 56% to X units, rising for the second year in a row after two years of decline. Over the period under review, imports continue to indicate prominent growth. The most prominent rate of growth was recorded in 2016 with an increase of 93%. Imports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, motor boat imports expanded remarkably to $X in 2021. In general, imports continue to indicate prominent growth. The growth pace was the most rapid in 2020 when imports increased by 144%. Imports peaked in 2021 and are likely to continue growth in years to come.

Imports by Country

France (X units), Italy (X units) and Germany (X units) were the main suppliers of motor boat imports to Greece, together accounting for 65% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by France (with a CAGR of +41.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest motor boat suppliers to Greece were Italy ($X), Cayman Islands ($X) and the UK ($X), with a combined 42% share of total imports.

In terms of the main suppliers, Italy, with a CAGR of +57.5%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average motor boat import price stood at $X per unit in 2021, waning by -28.9% against the previous year. Over the period under review, the import price continues to indicate a noticeable descent. The most prominent rate of growth was recorded in 2014 when the average import price increased by 120% against the previous year. As a result, import price attained the peak level of $X per unit. From 2015 to 2021, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Cayman Islands ($X per unit), while the price for Hungary ($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 United Arab Emirates (+20.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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