Singapore: Sailboat Market 2025

Sailboat Market Size in Singapore

The Singaporean sailboat market soared to $X in 2021, increasing by 136% against the previous year. Overall, consumption saw a strong increase. Sailboat consumption peaked at $X in 2015; however, from 2016 to 2021, consumption remained at a lower figure.

Sailboat Production in Singapore

In value terms, sailboat production totaled $X in 2021 estimated in export price. Over the period under review, production recorded a mild downturn. The most prominent rate of growth was recorded in 2013 with a decrease of -66%. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Sailboat Exports

Exports from Singapore

In 2021, approx. X units of sailboats for pleasure or sports, with or without auxiliary motor were exported from Singapore; rising by 125% on the year before. Over the period under review, exports, however, continue to indicate a abrupt descent. The growth pace was the most rapid in 2019 when exports increased by 1,500% against the previous year. As a result, the exports reached the peak of X units. From 2020 to 2021, the growth of the exports failed to regain momentum.

In value terms, sailboat exports surged to $X in 2021. Overall, exports, however, showed a sharp descent. The most prominent rate of growth was recorded in 2019 when exports increased by 632% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

France (X units), Maldives (X units) and Indonesia (X units) were the main destinations of sailboat exports from Singapore, together comprising 65% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Maldives (with a CAGR of +73.2%), while the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X) emerged as the key foreign market for sailboats for pleasure or sports, with or without auxiliary motor exports from Singapore, comprising 49% of total exports. The second position in the ranking was held by the United States ($X), with a 13% share of total exports. It was followed by Malaysia, with an 11% share.

From 2012 to 2021, the average annual growth rate of value to Indonesia amounted to -5.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-26.0% per year) and Malaysia (-40.6% per year).

Export Prices by Country

The average sailboat export price stood at $X per unit in 2021, falling by -40.9% against the previous year. Overall, the export price showed a abrupt decrease. The pace of growth appeared the most rapid in 2016 an increase of 86% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2017 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Australia ($X per unit), while the average price for exports to Maldives ($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 (+15.3%), while the prices for the other major destinations experienced more modest paces of growth.

Sailboat Imports

Imports into Singapore

In 2021, imports of sailboats for pleasure or sports, with or without auxiliary motor into Singapore shrank sharply to X units, which is down by -69.8% against 2020. Over the period under review, imports showed a deep setback. The growth pace was the most rapid in 2020 when imports increased by 184% against the previous year. Imports peaked at X units in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

In value terms, sailboat imports contracted remarkably to $X in 2021. Overall, imports faced a abrupt decline. The most prominent rate of growth was recorded in 2017 with an increase of 93%. Over the period under review, imports reached the maximum at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X units) constituted the largest supplier of sailboat to Singapore, with a 83% share of total imports. Moreover, sailboat imports from China exceeded the figures recorded by the second-largest supplier, Indonesia (X units), more than tenfold. The third position in this ranking was held by Australia (X units), with a 2.1% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +14.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (-30.4% per year) and Australia (-14.3% per year).

In value terms, China ($X) constituted the largest supplier of sailboats for pleasure or sports, with or without auxiliary motor to Singapore, comprising 37% of total imports. The second position in the ranking was held by France ($X), with an 11% share of total imports. It was followed by Australia, with an 8.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +5.1%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-28.2% per year) and Australia (+28.4% per year).

Import Prices by Country

In 2021, the average sailboat import price amounted to $X per unit, increasing by 10% against the previous year. Overall, the import price, however, recorded a pronounced setback. The most prominent rate of growth was recorded in 2016 when the average import price increased by 179%. Over the period under review, average import prices hit record highs at $X per unit in 2017; however, from 2018 to 2021, import prices failed to regain momentum.

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 France ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Portugal (+44.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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