New Zealand: Motor Boat Market 2024

Motor Boat Market Size in New Zealand

The New Zealand motor boat market soared to $X in 2021, jumping by 38% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption saw buoyant growth. Motor boat consumption peaked at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Motor Boat Exports

Exports from New Zealand

In 2021, the amount of motor boats and motor yachts, for pleasure or sports exported from New Zealand shrank markedly to X units, which is down by -41.5% on the previous year's figure. Overall, exports showed a pronounced descent. The growth pace was the most rapid in 2014 when exports increased by 438%. As a result, the exports reached the peak of X units. From 2015 to 2021, the growth of the exports remained at a lower figure.

In value terms, motor boat exports declined significantly to $X in 2021. Over the period under review, exports, however, posted a buoyant increase. The most prominent rate of growth was recorded in 2014 with an increase of 692% 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 lower figure.

Exports by Country

Australia (X units) was the main destination for motor boat exports from New Zealand, accounting for a 52% share of total exports. Moreover, motor boat exports to Australia exceeded the volume sent to the second major destination, the United States (X units), fourfold. The Philippines (X units) ranked third in terms of total exports with an 8.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Australia amounted to -5.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+36.4% per year) and the Philippines (+20.4% per year).

In value terms, the United States ($X) remains the key foreign market for motor boats and motor yachts, for pleasure or sports exports from New Zealand, comprising 66% of total exports. The second position in the ranking was held by Australia ($X), with a 19% share of total exports. It was followed by Fiji, with a 5.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States totaled +67.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (-0.9% per year) and Fiji (+29.6% per year).

Export Prices by Country

In 2021, the average motor boat export price amounted to $X per unit, picking up by 28% against the previous year. Over the period under review, the export price enjoyed a resilient increase. The most prominent rate of growth was recorded in 2020 an increase of 85%. The export price peaked in 2021 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to the Philippines ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+5.1%), while the prices for the other major destinations experienced more modest paces of growth.

Motor Boat Imports

Imports into New Zealand

In 2021, motor boat imports into New Zealand totaled X units, with an increase of 9.7% compared with 2020 figures. Overall, imports enjoyed a strong increase. The growth pace was the most rapid in 2015 when imports increased by 41% against the previous year. Over the period under review, imports attained the peak figure at X units in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, motor boat imports surged to $X in 2021. In general, imports posted a resilient expansion. The pace of growth was the most pronounced in 2017 when imports increased by 71% against the previous year. Over the period under review, imports reached the maximum in 2021 and are likely to see gradual growth in the near future.

Imports by Country

In 2021, Mexico (X units) constituted the largest motor boat supplier to New Zealand, with a 66% share of total imports. Moreover, motor boat imports from Mexico exceeded the figures recorded by the second-largest supplier, the United States (X units), threefold. The third position in this ranking was held by Australia (X units), with a 5.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Mexico stood at +82.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+2.6% per year) and Australia (+16.6% per year).

In value terms, Australia ($X) constituted the largest supplier of motor boats and motor yachts, for pleasure or sports to New Zealand, comprising 52% of total imports. The second position in the ranking was taken by the United States ($X), with a 16% share of total imports. It was followed by Mexico, with a 12% share.

From 2012 to 2021, the average annual growth rate of value from Australia totaled +17.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+6.3% per year) and Mexico (+70.2% per year).

Import Prices by Country

In 2021, the average motor boat import price amounted to $X per unit, rising by 29% against the previous year. Over the period under review, import price indicated a perceptible expansion from 2012 to 2021: its price increased at an average annual rate of +3.9% 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 import price increased by +44.6% against 2017 indices. The most prominent rate of growth was recorded in 2017 an increase of 66% against the previous year. The import price peaked in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Australia ($X per unit), while the price for Japan ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+11.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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