MERCOSUR: Motor Boat Market 2025

Motor Boat Market Size in MERCOSUR

The MERCOSUR motor boat market expanded rapidly to $X in 2021, increasing by 6.7% against the previous year. Overall, consumption, however, recorded a perceptible curtailment. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Motor Boat Production in MERCOSUR

In value terms, motor boat production amounted to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a slight descent. The growth pace was the most rapid in 2018 with an increase of 47%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Motor Boat Exports

Exports in MERCOSUR

In 2021, overseas shipments of motor boats and motor yachts, for pleasure or sports decreased by -72.6% to X units for the first time since 2018, thus ending a two-year rising trend. Over the period under review, exports, however, showed buoyant growth. The pace of growth was the most pronounced in 2020 with an increase of 240% against the previous year. As a result, the exports reached the peak of X units, and then reduced rapidly in the following year.

In value terms, motor boat exports soared to $X in 2021. In general, exports, however, enjoyed a remarkable increase. The growth pace was the most rapid in 2015 with an increase of 215% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Brazil represented the key exporter of motor boats and motor yachts, for pleasure or sports in MERCOSUR, with the volume of exports finishing at X units, which was near 47% of total exports in 2021. Ecuador (X units) held a 20% share (based on physical terms) of total exports, which put it in second place, followed by Argentina (12%), Peru (9.6%) and Venezuela (6%). Colombia (X units) took a relatively small share of total exports.

Exports from Brazil increased at an average annual rate of +25.6% from 2012 to 2021. At the same time, Ecuador (+37.0%), Peru (+36.1%), Venezuela (+2.5%) and Argentina (+1.2%) displayed positive paces of growth. Moreover, Ecuador emerged as the fastest-growing exporter exported in MERCOSUR, with a CAGR of +37.0% from 2012-2021. By contrast, Colombia (-12.0%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Brazil, Ecuador and Peru increased by +31, +17 and +8 percentage points, respectively.

In value terms, Brazil ($X) remains the largest motor boat supplier in MERCOSUR, comprising 91% of total exports. The second position in the ranking was taken by Argentina ($X), with a 4.4% share of total exports. It was followed by Venezuela, with a 1.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Brazil amounted to +9.8%. The remaining exporting countries recorded the following average annual rates of exports growth: Argentina (-14.7% per year) and Venezuela (+19.7% per year).

Export Prices by Country

The export price in MERCOSUR stood at $X per unit in 2021, picking up by 362% against the previous year. In general, the export price, however, showed a deep setback. Over the period under review, the export prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2021, the export prices stood at a somewhat 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 Brazil ($X per unit), while Ecuador ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Venezuela (+16.1%), while the other leaders experienced a decline in the export price figures.

Motor Boat Imports

Imports in MERCOSUR

In 2021, supplies from abroad of motor boats and motor yachts, for pleasure or sports was finally on the rise to reach X units for the first time since 2018, thus ending a two-year declining trend. Overall, imports recorded a remarkable increase. The volume of import peaked at X units in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, motor boat imports surged to $X in 2021. Over the period under review, imports, however, faced a abrupt setback. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Paraguay dominates imports structure, reaching X units, which was approx. 89% of total imports in 2021. The following importers - Chile (X units) and Brazil (X units) - each reached an 8.8% share of total imports.

Paraguay was also the fastest-growing in terms of the motor boats and motor yachts, for pleasure or sports imports, with a CAGR of +39.1% from 2012 to 2021. Chile (-10.4%) and Brazil (-14.7%) illustrated a downward trend over the same period. Paraguay (+78 p.p.) significantly strengthened its position in terms of the total imports, while Chile and Brazil saw its share reduced by -22.5% and -37.1% from 2012 to 2021, respectively.

In value terms, Brazil ($X) constitutes the largest market for imported motor boats and motor yachts, for pleasure or sports in MERCOSUR, comprising 67% of total imports. The second position in the ranking was taken by Chile ($X), with a 15% share of total imports.

From 2012 to 2021, the average annual growth rate of value in Brazil amounted to -13.1%. The remaining importing countries recorded the following average annual rates of imports growth: Chile (-6.7% per year) and Paraguay (+11.3% per year).

Import Prices by Country

In 2021, the import price in MERCOSUR amounted to $X per unit, falling by -50.6% against the previous year. Over the period under review, the import price continues to indicate a drastic downturn. The most prominent rate of growth was recorded in 2019 when the import price increased by 133% against the previous year. Over the period under review, import prices reached the maximum at $X per unit in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Chile (+4.1%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform