India: Outboard Boat Motors Market 2024

Outboard Boat Motors Market Size in India

The Indian outboard boat motors market expanded markedly to $X in 2022, with an increase of X% against the previous year. Overall, consumption, however, showed a mild setback. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Outboard Boat Motors Production in India

In value terms, outboard boat motors production reduced slightly to $X in 2022 estimated in export price. In general, production, however, showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Outboard boat motors production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Outboard Boat Motors Exports

Exports from India

In 2022, overseas shipments of outboard motors for marine propulsion decreased by X% to X units, falling for the third year in a row after four years of growth. In general, exports showed a abrupt curtailment. The pace of growth was the most pronounced in 2014 when exports increased by X%. As a result, the exports attained the peak of X units. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, outboard boat motors exports skyrocketed to $X in 2022. Over the period under review, exports, however, posted a significant increase. The most prominent rate of growth was recorded in 2019 when exports increased by X%. Over the period under review, the exports attained the peak figure at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Bhutan (X units) was the main destination for outboard boat motors exports from India, with a X% share of total exports. Moreover, outboard boat motors exports to Bhutan exceeded the volume sent to the second major destination, Russia (X units), fourfold. Nepal (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Bhutan amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (X% per year) and Nepal (X% per year).

In value terms, the largest markets for outboard boat motors exported from India were Russia ($X), Bhutan ($X) and Nepal ($X), together comprising X% of total exports.

Nepal, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average outboard boat motors export price stood at $X per unit in 2022, surging by X% against the previous year. In general, the export price recorded significant growth. The most prominent rate of growth was recorded in 2019 an increase of X%. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($X per unit), while the average price for exports to Malaysia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Myanmar (X%), while the prices for the other major destinations experienced more modest paces of growth.

Outboard Boat Motors Imports

Imports into India

In 2022, purchases abroad of outboard motors for marine propulsion decreased by X% to X units for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports, however, recorded a prominent expansion. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of X units, and then reduced in the following year.

In value terms, outboard boat motors imports declined to $X in 2022. In general, imports, however, enjoyed a pronounced expansion. The pace of growth appeared the most rapid in 2018 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2021, and then reduced in the following year.

Imports by Country

Japan (X units), Thailand (X units) and China (X units) were the main suppliers of outboard boat motors imports to India, together comprising X% of total imports.

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

In value terms, Japan ($X) constituted the largest supplier of outboard motors for marine propulsion to India, comprising X% of total imports. The second position in the ranking was held by Thailand ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Japan stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (X% per year) and China (X% per year).

Import Prices by Country

In 2022, the average outboard boat motors import price amounted to $X per unit, picking up by X% against the previous year. In general, the import price, however, recorded a pronounced descent. The most prominent rate of growth was recorded in 2016 when the average import price increased by X%. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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