India: Sailboat Market 2024

Sailboat Market Size in India

After two years of growth, the Indian sailboat market decreased by -3% to $X in 2021. In general, consumption showed mild growth. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market remained at a somewhat lower figure.

Sailboat Production in India

In value terms, sailboat production reduced to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.5% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 when the production volume increased by 39% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2021, production growth remained at a somewhat lower figure.

Sailboat Exports

Exports from India

In 2021, shipments abroad of sailboats for pleasure or sports, with or without auxiliary motor was finally on the rise to reach X units after two years of decline. Overall, exports, however, recorded a noticeable curtailment. The pace of growth was the most pronounced in 2018 when exports increased by 19,333% against the previous year. As a result, the exports reached the peak of X units. From 2019 to 2021, the growth of the exports failed to regain momentum.

In value terms, sailboat exports declined rapidly to $X in 2021. In general, exports, however, continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2018 with an increase of 14,481% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Qatar (X units) was the main destination for sailboat exports from India, with a 71% share of total exports. Moreover, sailboat exports to Qatar exceeded the volume sent to the second major destination, Singapore (X units), fivefold.

From 2012 to 2021, the average annual growth rate of volume to Qatar stood at +19.6%.

In value terms, Qatar ($X) remains the key foreign market for sailboats for pleasure or sports, with or without auxiliary motor exports from India, comprising 87% of total exports. The second position in the ranking was held by Singapore ($X), with a 3.8% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Qatar totaled +27.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (0.0% per year) and Nepal (-32.8% per year).

Export Prices by Country

In 2021, the average sailboat export price amounted to $X per unit, falling by -45.5% against the previous year. Over the period under review, the export price continues to indicate a noticeable descent. The most prominent rate of growth was recorded in 2014 an increase of 433% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2015 to 2021, the average export prices failed to regain momentum.

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 Qatar ($X per unit), while the average price for exports to Singapore ($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 Qatar (+5.6%), while the prices for the other major destinations experienced a decline.

Sailboat Imports

Imports into India

After two years of growth, purchases abroad of sailboats for pleasure or sports, with or without auxiliary motor decreased by -12.1% to X units in 2021. Over the period under review, imports showed a perceptible descent. The most prominent rate of growth was recorded in 2020 with an increase of 313%. Imports peaked at X units in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, sailboat imports reduced notably to $X in 2021. Overall, imports, however, enjoyed a noticeable expansion. The pace of growth was the most pronounced in 2020 when imports increased by 422%. As a result, imports attained the peak of $X, and then contracted dramatically in the following year.

Imports by Country

France (X units), Italy (X units) and Singapore (X units) were the main suppliers of sailboat imports to India, together accounting for 59% 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 +24.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Australia ($X), France ($X) and the United Arab Emirates ($X) were the largest sailboat suppliers to India, with a combined 55% share of total imports.

Among the main suppliers, the United Arab Emirates, with a CAGR of +63.1%, saw 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

In 2021, the average sailboat import price amounted to $X per unit, which is down by -12.1% against the previous year. Over the period under review, the import price, however, enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2018 when the average import price increased by 65% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2020, and then declined in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+48.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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