Kuwait: Sailboat Market 2025

Sailboat Market Size in Kuwait

The Kuwaiti sailboat market reached $X in 2021, remaining stable against the previous year. In general, consumption saw buoyant growth. Over the period under review, the market attained the peak level at $X in 2016; however, from 2017 to 2021, consumption failed to regain momentum.

Sailboat Production in Kuwait

In value terms, sailboat production expanded slightly to $X in 2021 estimated in export price. In general, production, however, continues to indicate a prominent increase. The most prominent rate of growth was recorded in 2013 with an increase of 44%. Sailboat production peaked at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Sailboat Exports

Exports from Kuwait

In 2021, overseas shipments of sailboats for pleasure or sports, with or without auxiliary motor decreased by -18.2% to X units, falling for the second year in a row after two years of growth. Over the period under review, exports faced a abrupt contraction. The most prominent rate of growth was recorded in 2018 with an increase of 700% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, sailboat exports dropped dramatically to $X in 2021. Overall, exports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of 1,522%. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United Arab Emirates (X units) was the main destination for sailboat exports from Kuwait, accounting for a 56% share of total exports. Moreover, sailboat exports to the United Arab Emirates exceeded the volume sent to the second major destination, Oman (X units), fivefold. The third position in this ranking was taken by Bahrain (X units), with an 11% share.

From 2012 to 2021, the average annual growth rate of volume to the United Arab Emirates amounted to +19.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Oman (0.0% per year) and Bahrain (0.0% per year).

In value terms, Oman ($X), Bahrain ($X) and the United Arab Emirates ($X) appeared to be the largest markets for sailboat exported from Kuwait worldwide, together accounting for 83% of total exports.

Among the main countries of destination, the United Arab Emirates, with a CAGR of +26.5%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average sailboat export price amounted to $X per unit, falling by -11.6% against the previous year. Overall, the export price, however, showed resilient growth. The most prominent rate of growth was recorded in 2018 when the average export price increased by 70%. Over the period under review, the average export prices hit record highs at $X per unit in 2020, and then fell in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Oman ($X per unit), while the average price for exports to Qatar ($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 Bahrain (+21.6%), while the prices for the other major destinations experienced more modest paces of growth.

Sailboat Imports

Imports into Kuwait

In 2021, approx. X units of sailboats for pleasure or sports, with or without auxiliary motor were imported into Kuwait; increasing by 27% against 2020. In general, imports, however, saw a abrupt contraction. The pace of growth appeared the most rapid in 2019 when imports increased by 100%. Imports peaked at X units in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

In value terms, sailboat imports surged to $X in 2021. Overall, imports, however, saw a pronounced curtailment. The pace of growth appeared the most rapid in 2015 when imports increased by 94%. As a result, imports attained the peak of $X. From 2016 to 2021, the growth of imports remained at a lower figure.

Imports by Country

The United Arab Emirates (X units), the UK (X units) and Australia (X units) were the main suppliers of sailboat imports to Kuwait, together accounting for 64% of total imports.

From 2012 to 2021, the biggest increases were recorded for the United Arab Emirates (with a CAGR of +16.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X) constituted the largest supplier of sailboats for pleasure or sports, with or without auxiliary motor to Kuwait, comprising 33% of total imports. The second position in the ranking was held by Bahrain ($X), with a 15% share of total imports. It was followed by the UK, with a 15% share.

From 2012 to 2021, the average annual growth rate of value from the United Arab Emirates stood at +21.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Bahrain (+9.1% per year) and the UK (+22.9% per year).

Import Prices by Country

The average sailboat import price stood at $X per unit in 2021, shrinking by -1.6% against the previous year. In general, the import price, however, saw prominent growth. The most prominent rate of growth was recorded in 2017 when the average import price increased by 72% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2020, and then reduced modestly in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+22.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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