MENA: Motor Boat Market 2025

Motor Boat Market Size in MENA

The MENA's motor boat market surged to $X in 2021, growing by 17% against the previous year. In general, consumption, however, recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market failed to regain momentum.

Motor Boat Production in MENA

In value terms, motor boat production rose remarkably to $X in 2021 estimated in export price. Over the period under review, production, however, showed a prominent increase. The pace of growth appeared the most rapid in 2016 with an increase of 35%. Over the period under review, production attained the peak level in 2021 and is expected to retain growth in the immediate term.

Motor Boat Exports

Exports in MENA

In 2021, approx. X units of motor boats and motor yachts, for pleasure or sports were exported in MENA; with an increase of 37% against 2020. In general, exports, however, recorded a slight reduction. The most prominent rate of growth was recorded in 2016 with an increase of 175% against the previous year. As a result, the exports reached the peak of X units. From 2017 to 2021, the growth of the exports failed to regain momentum.

In value terms, motor boat exports skyrocketed to $X in 2021. Over the period under review, exports saw a mild increase. The most prominent rate of growth was recorded in 2015 with an increase of 50%. Over the period under review, the exports hit record highs in 2021 and are likely to see gradual growth in years to come.

Exports by Country

Turkey dominates exports structure, amounting to X units, which was near 82% of total exports in 2021. It was distantly followed by the United Arab Emirates (X units), constituting a 4.6% share of total exports. Saudi Arabia (X units), Tunisia (X units) and Oman (X units) followed a long way behind the leaders.

Exports from Turkey increased at an average annual rate of +7.4% from 2012 to 2021. At the same time, Oman (+13.0%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing exporter exported in MENA, with a CAGR of +13.0% from 2012-2021. By contrast, Saudi Arabia (-4.1%), Tunisia (-17.2%) and the United Arab Emirates (-19.7%) illustrated a downward trend over the same period. While the share of Turkey (+43 p.p.) and Oman (+1.7 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Tunisia (-12.3 p.p.) and the United Arab Emirates (-25 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest motor boat supplier in MENA, comprising 94% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 4.5% share of total exports. It was followed by Tunisia, with a 0.4% share.

From 2012 to 2021, the average annual growth rate of value in Turkey stood at +2.2%. The remaining exporting countries recorded the following average annual rates of exports growth: the United Arab Emirates (-8.2% per year) and Tunisia (-19.6% per year).

Export Prices by Country

The export price in MENA stood at $X per unit in 2021, increasing by 2.3% against the previous year. Export price indicated measured growth from 2012 to 2021: its price increased at an average annual rate of +2.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, motor boat export price increased by +78.8% against 2016 indices. The growth pace was the most rapid in 2015 an increase of 68%. As a result, the export price reached the peak level of $X per unit. From 2016 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Turkey ($X per unit), while Oman ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+14.5%), while the other leaders experienced a decline in the export price figures.

Motor Boat Imports

Imports in MENA

In 2021, the amount of motor boats and motor yachts, for pleasure or sports imported in MENA soared to X units, picking up by 27% compared with 2020 figures. Overall, imports, however, recorded a deep slump. The most prominent rate of growth was recorded in 2019 when imports increased by 123%. Over the period under review, imports attained the maximum at X units in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, motor boat imports soared to $X in 2021. In general, imports posted a tangible expansion. The most prominent rate of growth was recorded in 2014 with an increase of 405% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

Qatar prevails in imports structure, finishing at X units, which was approx. 91% of total imports in 2021. It was distantly followed by the United Arab Emirates (X units), comprising a 6.4% share of total imports.

From 2012 to 2021, average annual rates of growth with regard to motor boat imports into Qatar stood at -15.4%. At the same time, the United Arab Emirates (+31.7%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing importer imported in MENA, with a CAGR of +31.7% from 2012-2021. From 2012 to 2021, the share of the United Arab Emirates increased by +6.3 percentage points.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported motor boats and motor yachts, for pleasure or sports in MENA, comprising 73% of total imports. The second position in the ranking was held by Qatar ($X), with a 1% share of total imports.

From 2012 to 2021, the average annual growth rate of value in the United Arab Emirates stood at +7.0%.

Import Prices by Country

In 2021, the import price in MENA amounted to $X per unit, surging by 116% against the previous year. In general, the import price enjoyed buoyant growth. The pace of growth was the most pronounced in 2018 an increase of 366%. Over the period under review, import prices hit record highs in 2021 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the United Arab Emirates ($X per unit), while Qatar totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Qatar (-1.1%).

Source: IndexBox Platform