Kuwait: Motor Boat Market 2025

Motor Boat Market Size in Kuwait

The Kuwaiti motor boat market rose remarkably to $X in 2021, surging by 11% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption saw a deep reduction. Motor boat consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Motor Boat Exports

Exports from Kuwait

In 2021, shipments abroad of motor boats and motor yachts, for pleasure or sports increased by 120% to X units for the first time since 2018, thus ending a two-year declining trend. Over the period under review, exports recorded a resilient increase. The pace of growth appeared the most rapid in 2018 when exports increased by 250%. As a result, the exports attained the peak of X units. From 2019 to 2021, the growth of the exports failed to regain momentum.

In value terms, motor boat exports surged to $X in 2021. In general, exports continue to indicate a remarkable increase. The growth pace was the most rapid in 2013 with an increase of 246% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

Egypt (X units) was the main destination for motor boat exports from Kuwait, accounting for a 55% share of total exports. Moreover, motor boat exports to Egypt exceeded the volume sent to the second major destination, Oman (X units), sixfold. The third position in this ranking was held by Bulgaria (X units), with a 9.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Egypt stood at +25.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Oman (0.0% per year) and Bulgaria (0.0% per year).

In value terms, France ($X) emerged as the key foreign market for motor boats and motor yachts, for pleasure or sports exports from Kuwait, comprising 8.1% of total exports. The second position in the ranking was taken by Bahrain ($X), with a 3.1% share of total exports. It was followed by Oman, with a 2.9% share.

From 2012 to 2021, the average annual growth rate of value to France stood at -35.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bahrain (+2.9% per year) and Oman (-8.9% per year).

Export Prices by Country

The average motor boat export price stood at $X per unit in 2021, dropping by -27.7% against the previous year. In general, the export price recorded a mild decline. The growth pace was the most rapid in 2016 when the average export price increased by 179%. The export price peaked at $X per unit in 2017; however, from 2018 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per unit), while the average price for exports to Egypt ($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 Saudi Arabia (+17.2%), while the prices for the other major destinations experienced mixed trend patterns.

Motor Boat Imports

Imports into Kuwait

In 2021, approx. X units of motor boats and motor yachts, for pleasure or sports were imported into Kuwait; approximately equating the previous year. Overall, imports continue to indicate a deep setback. The most prominent rate of growth was recorded in 2018 with an increase of 332%. Imports peaked at X units in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, motor boat imports skyrocketed to $X in 2021. Over the period under review, imports recorded a abrupt downturn. The growth pace was the most rapid in 2018 when imports increased by 311% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Turkey (X units), Mexico (X units) and the United Arab Emirates (X units) were the main suppliers of motor boat imports to Kuwait, together accounting for 50% of total imports.

From 2012 to 2021, the biggest increases were recorded for Turkey (with a CAGR of +45.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Mexico ($X) and the United Arab Emirates ($X) were the largest motor boat suppliers to Kuwait, together comprising 24% of total imports.

Mexico, with a CAGR of +25.6%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average motor boat import price stood at $X per unit in 2021, growing by 65% against the previous year. In general, the import price, however, recorded a slight descent. The pace of growth appeared the most rapid in 2020 when the average import price increased by 178%. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, import prices remained at a 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 Canada ($X per unit), while the price for Australia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Egypt (+842.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :