Middle East: Sailboat Market 2025

Sailboat Market Size in the Middle East

The Middle Eastern sailboat market surged to $X in 2021, growing by 22% against the previous year. Over the period under review, consumption continues to indicate a prominent expansion. As a result, consumption attained the peak level of $X. From 2016 to 2021, the growth of the market remained at a lower figure.

Sailboat Production in the Middle East

In value terms, sailboat production reduced to $X in 2021 estimated in export price. Overall, production showed a slight downturn. The pace of growth appeared the most rapid in 2015 when the production volume increased by 17% against the previous year. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Sailboat Exports

Exports in the Middle East

In 2021, overseas shipments of sailboats for pleasure or sports, with or without auxiliary motor decreased by -65.7% to X units for the first time since 2015, thus ending a five-year rising trend. In general, exports, however, showed a remarkable increase. The most prominent rate of growth was recorded in 2017 with an increase of 109%. Over the period under review, the exports reached the peak figure at X units in 2020, and then reduced markedly in the following year.

In value terms, sailboat exports expanded markedly to $X in 2021. Overall, exports, however, saw resilient growth. The growth pace was the most rapid in 2014 when exports increased by 141% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Turkey represented the key exporting country with an export of about X units, which resulted at 46% of total exports. Oman (X units) held a 25% share (based on physical terms) of total exports, which put it in second place, followed by the United Arab Emirates (9.6%), Lebanon (7.7%) and Israel (5.2%). Kuwait (X units) held a relatively small share of total exports.

From 2012 to 2021, the biggest increases were recorded for Lebanon (with a CAGR of +24.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X) emerged as the largest sailboat supplier in the Middle East, comprising 58% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with an 18% share of total exports. It was followed by Oman, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Turkey totaled +11.1%. The remaining exporting countries recorded the following average annual rates of exports growth: the United Arab Emirates (+9.0% per year) and Oman (+9.2% per year).

Export Prices by Country

In 2021, the export price in the Middle East amounted to $X per unit, with an increase of 215% against the previous year. Over the period under review, the export price saw a notable increase. Over the period under review, the export prices attained the maximum at $X per unit in 2016; however, from 2017 to 2021, 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 the United Arab Emirates ($X per unit), while Israel ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Lebanon (+20.0%), while the other leaders experienced mixed trends in the export price figures.

Sailboat Imports

Imports in the Middle East

In 2021, approx. X units of sailboats for pleasure or sports, with or without auxiliary motor were imported in the Middle East; increasing by 79% compared with the previous year's figure. In general, imports, however, recorded a abrupt descent. The growth pace was the most rapid in 2019 with an increase of 10,098% against the previous year. As a result, imports attained the peak of X units. From 2020 to 2021, the growth of imports failed to regain momentum.

In value terms, sailboat imports soared to $X in 2021. Over the period under review, imports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2017 when imports increased by 393% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are likely to continue growth in the near future.

Imports by Country

Qatar prevails in imports structure, amounting to X units, which was near 90% of total imports in 2021. It was distantly followed by Turkey (X units), constituting a 5.9% share of total imports. The United Arab Emirates (X units) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to sailboat imports into Qatar stood at -10.9%. At the same time, Turkey (+28.5%) and the United Arab Emirates (+10.9%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing importer imported in the Middle East, with a CAGR of +28.5% from 2012-2021. While the share of Turkey (+5.6 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Qatar (-6.5 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) constitutes the largest market for imported sailboats for pleasure or sports, with or without auxiliary motor in the Middle East, comprising 78% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 14% share of total imports.

In Turkey, sailboat imports increased at an average annual rate of +48.1% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: the United Arab Emirates (+16.6% per year) and Qatar (-12.1% per year).

Import Prices by Country

In 2021, the import price in the Middle East amounted to $X per unit, dropping by -20.9% against the previous year. In general, the import price, however, enjoyed a significant increase. The growth pace was the most rapid in 2018 an increase of 5,335% against the previous year. As a result, import price attained the peak level of $X per unit. From 2019 to 2021, the import prices failed to regain momentum.

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 Turkey ($X per unit), while Qatar ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+15.2%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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