Hong Kong SAR, China: Motor Boat Market 2025

Motor Boat Market Size in Hong Kong SAR, China

In 2021, the Hong Kong motor boat market increased by 48% to $X, rising for the third consecutive year after two years of decline. Over the period under review, consumption posted temperate growth. Over the period under review, the market reached the maximum level in 2021 and is expected to retain growth in years to come.

Motor Boat Exports

Exports from Hong Kong SAR, China

In 2021, motor boat exports from Hong Kong SAR dropped dramatically to X units, declining by -94.5% on the previous year's figure. Overall, exports continue to indicate a sharp slump. The pace of growth appeared the most rapid in 2017 when exports increased by 535% 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 lower figure.

In value terms, motor boat exports declined markedly to $X in 2021. In general, exports saw a significant contraction. The growth pace was the most rapid in 2016 with an increase of 913% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X units) and Singapore (X units) were the main destinations of motor boat exports from Hong Kong SAR.

From 2012 to 2021, the biggest increases were recorded for Singapore (with a CAGR of 0.0%).

In value terms, the United States ($X) emerged as the key foreign market for motor boats and motor yachts, for pleasure or sports exports from Hong Kong SAR, comprising 86% of total exports. The second position in the ranking was held by Thailand ($X), with a 2% share of total exports. It was followed by Canada, with a 0.8% share.

From 2012 to 2021, the average annual growth rate of value to the United States amounted to -34.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (+134.0% per year) and Canada (-40.1% per year).

Export Prices by Country

In 2021, the average motor boat export price amounted to $X per unit, increasing by 45% against the previous year. In general, the export price continues to indicate a modest expansion. The pace of growth appeared the most rapid in 2020 an increase of 258%. The export price 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 destination: amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Singapore ($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 Norway (+58.3%), while the prices for the other major destinations experienced more modest paces of growth.

Motor Boat Imports

Imports into Hong Kong SAR, China

In 2021, overseas purchases of motor boats and motor yachts, for pleasure or sports increased by 51% to X units, rising for the third consecutive year after two years of decline. Over the period under review, imports recorded a noticeable increase. The pace of growth appeared the most rapid in 2016 with an increase of 84%. Imports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, motor boat imports soared to $X in 2021. In general, imports recorded a strong expansion. The pace of growth was the most pronounced in 2019 when imports increased by 64%. Imports peaked in 2021 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, the United States (X units) constituted the largest supplier of motor boat to Hong Kong SAR, accounting for a 51% share of total imports. Moreover, motor boat imports from the United States exceeded the figures recorded by the second-largest supplier, Italy (X units), threefold. The UK (X units) ranked third in terms of total imports with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States amounted to +16.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+4.5% per year) and the UK (-3.6% per year).

In value terms, Italy ($X) constituted the largest supplier of motor boats and motor yachts, for pleasure or sports to Hong Kong SAR, comprising 61% of total imports. The second position in the ranking was held by the UK ($X), with a 15% share of total imports. It was followed by the United States, with a 14% share.

From 2012 to 2021, the average annual growth rate of value from Italy amounted to +11.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+0.7% per year) and the United States (+14.4% per year).

Import Prices by Country

The average motor boat import price stood at $X per unit in 2021, dropping by -3.8% against the previous year. In general, import price indicated moderate growth from 2012 to 2021: its price increased at an average annual rate of +2.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, motor boat import price decreased by -23.3% against 2019 indices. The pace of growth was the most pronounced in 2019 when the average import price increased by 36%. As a result, import price reached the peak level of $X per unit. From 2020 to 2021, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per unit), while the price for the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+10.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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