Latin America and the Caribbean: Outboard Boat Motors Market 2025

Outboard Boat Motors Market Size in Latin America and the Caribbean

In 2022, the Latin American outboard boat motors market increased by X% to $X, rising for the second consecutive year after two years of decline. In general, consumption continues to indicate a relatively flat trend pattern. The level of consumption peaked in 2022 and is expected to retain growth in the near future.

Outboard Boat Motors Production in Latin America and the Caribbean

In value terms, outboard boat motors production contracted slightly to $X in 2022 estimated in export price. Overall, production, however, saw a pronounced decrease. The pace of growth was the most pronounced in 2018 when the production volume increased by X%. The level of production peaked at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Outboard Boat Motors Exports

Exports in Latin America and the Caribbean

In 2022, after two years of decline, there was significant growth in shipments abroad of outboard motors for marine propulsion, when their volume increased by X% to X units. Overall, exports, however, showed a relatively flat trend pattern. Over the period under review, the exports hit record highs at X units in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, outboard boat motors exports expanded sharply to $X in 2022. Over the period under review, exports, however, recorded a abrupt descent. The pace of growth was the most pronounced in 2019 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Mexico dominates exports structure, amounting to X units, which was approx. X% of total exports in 2022. It was distantly followed by Colombia (X units), Panama (X units) and Brazil (X units), together committing a X% share of total exports. Bahamas (X units), Jamaica (X units), the Dominican Republic (X units), Paraguay (X units), Guatemala (X units), Chile (X units) and Costa Rica (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to outboard boat motors exports from Mexico stood at X%. At the same time, Jamaica (X%), Costa Rica (X%), Colombia (X%), Paraguay (X%), Bahamas (X%), the Dominican Republic (X%) and Chile (X%) displayed positive paces of growth. Moreover, Jamaica emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. By contrast, Guatemala (X%), Brazil (X%) and Panama (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Mexico, Colombia, Jamaica, Paraguay and Bahamas increased by X, X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest outboard boat motors supplying countries in Latin America and the Caribbean were Mexico ($X), Bahamas ($X) and Colombia ($X), with a combined X% share of total exports. Jamaica, Paraguay, Guatemala, Panama, Chile, the Dominican Republic, Brazil and Costa Rica lagged somewhat behind, together accounting for a further X%.

Jamaica, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Latin America and the Caribbean amounted to $X per unit, which is down by X% against the previous year. Over the period under review, the export price continues to indicate a abrupt decrease. The pace of growth appeared the most rapid in 2019 when the export price increased by X%. As a result, the export price reached the peak level of $X per unit. From 2020 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Bahamas ($X per unit), while Mexico ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Jamaica (X%), while the other leaders experienced more modest paces of growth.

Outboard Boat Motors Imports

Imports in Latin America and the Caribbean

In 2022, purchases abroad of outboard motors for marine propulsion increased by X% to X units, rising for the second year in a row after two years of decline. Total imports indicated a modest increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The volume of import peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, outboard boat motors imports skyrocketed to $X in 2022. Total imports indicated a modest increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, Brazil (X units), distantly followed by Mexico (X units), Colombia (X units), Argentina (X units) and Chile (X units) were the main importers of outboard motors for marine propulsion, together creating X% of total imports. Peru (X units), Guyana (X units), Panama (X units), Ecuador (X units), Costa Rica (X units), the Dominican Republic (X units) and Uruguay (X units) held a minor share of total imports.

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

In value terms, Mexico ($X), Brazil ($X) and Argentina ($X) were the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Colombia, Chile, Panama, Costa Rica, the Dominican Republic, Peru, Ecuador, Guyana and Uruguay lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, Panama, with a CAGR of X%, recorded 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 2022, the import price in Latin America and the Caribbean amounted to $X per unit, with an increase of X% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. Over the period under review, import prices reached the maximum at $X per unit in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Mexico ($X per unit), while Uruguay ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :