Latin America and the Caribbean: Sailboat Market 2025

Sailboat Market Size in Latin America and the Caribbean

The Latin American sailboat market surged to $X in 2021, growing by 249% against the previous year. Over the period under review, consumption posted buoyant growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Sailboat Production in Latin America and the Caribbean

In value terms, sailboat production expanded markedly to $X in 2021 estimated in export price. In general, production, however, showed a noticeable descent. The pace of growth appeared the most rapid in 2015 when the production volume increased by 41% against the previous year. As a result, production attained the peak level of $X. From 2016 to 2021, production growth remained at a lower figure.

Sailboat Exports

Exports in Latin America and the Caribbean

In 2021, the amount of sailboats for pleasure or sports, with or without auxiliary motor exported in Latin America and the Caribbean soared to X units, increasing by 97% compared with 2020. Over the period under review, exports recorded resilient growth. The most prominent rate of growth was recorded in 2019 when exports increased by 759% against the previous year. As a result, the exports reached the peak of X units. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, sailboat exports surged to $X in 2021. Overall, exports continue to indicate prominent growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

British Virgin Islands represented the largest exporter of sailboats for pleasure or sports, with or without auxiliary motor in Latin America and the Caribbean, with the volume of exports amounting to X units, which was approx. 71% of total exports in 2021. Bahamas (X units) held an 11% share (based on physical terms) of total exports, which put it in second place, followed by Argentina (7.1%). The following exporters - Mexico (X units) and Belize (X units) - each finished at a 4% share of total exports.

Exports from British Virgin Islands increased at an average annual rate of +21.3% from 2012 to 2021. At the same time, Mexico (+43.5%), Belize (+20.9%) and Bahamas (+5.1%) displayed positive paces of growth. Moreover, Mexico emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of +43.5% from 2012-2021. By contrast, Argentina (-4.9%) illustrated a downward trend over the same period. British Virgin Islands (+46 p.p.) and Mexico (+2.5 p.p.) significantly strengthened its position in terms of the total exports, while Bahamas and Argentina saw its share reduced by -3.3% and -15.5% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, British Virgin Islands ($X) emerged as the largest sailboat supplier in Latin America and the Caribbean, comprising 80% of total exports. The second position in the ranking was taken by Bahamas ($X), with a 17% share of total exports. It was followed by Belize, with a 0.3% share.

From 2012 to 2021, the average annual growth rate of value in British Virgin Islands amounted to +25.8%. The remaining exporting countries recorded the following average annual rates of exports growth: Bahamas (+33.0% per year) and Belize (+71.8% per year).

Export Prices by Country

In 2021, the export price in Latin America and the Caribbean amounted to $X per unit, increasing by 837% against the previous year. Over the period under review, the export price continues to indicate a resilient expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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 2021, the most notable rate of growth in terms of prices was attained by Belize (+39.5%), while the other leaders experienced more modest paces of growth.

Sailboat Imports

Imports in Latin America and the Caribbean

In 2021, the amount of sailboats for pleasure or sports, with or without auxiliary motor imported in Latin America and the Caribbean skyrocketed to X units, increasing by 933% on 2020. Overall, imports continue to indicate a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, sailboat imports surged to $X in 2021. Over the period under review, imports continue to indicate a buoyant increase. The level of import peaked at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Bahamas prevails in imports structure, accounting for X units, which was approx. 89% of total imports in 2021. It was distantly followed by British Virgin Islands (X units), making up an 8.2% share of total imports.

Bahamas was also the fastest-growing in terms of the sailboats for pleasure or sports, with or without auxiliary motor imports, with a CAGR of +61.6% from 2012 to 2021. At the same time, British Virgin Islands (+2.6%) displayed positive paces of growth. While the share of Bahamas (+82 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of British Virgin Islands (-28.3 p.p.) displayed negative dynamics.

In value terms, British Virgin Islands ($X) constitutes the largest market for imported sailboats for pleasure or sports, with or without auxiliary motor in Latin America and the Caribbean, comprising 76% of total imports. The second position in the ranking was held by Bahamas ($X), with a 10% share of total imports.

In British Virgin Islands, sailboat imports increased at an average annual rate of +9.5% over the period from 2012-2021.

Import Prices by Country

In 2021, the import price in Latin America and the Caribbean amounted to $X per unit, which is down by -55.8% against the previous year. In general, the import price faced a abrupt descent. The most prominent rate of growth was recorded in 2015 an increase of 37% against the previous year. As a result, import price reached the peak level of $X per unit. From 2016 to 2021, the import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was British Virgin Islands ($X per unit), while Bahamas stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by British Virgin Islands (+6.7%).

Source: IndexBox Platform

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