Southern Asia: Motor Boat Market 2025

Motor Boat Market Size in Southern Asia

The South Asian motor boat market dropped to $X in 2021, reducing by -9.2% against the previous year. In general, consumption showed a perceptible shrinkage. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Motor Boat Production in Southern Asia

In value terms, motor boat production dropped to $X in 2021 estimated in export price. Overall, production recorded a noticeable decrease. The growth pace was the most rapid in 2018 when the production volume increased by 42%. The level of production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Motor Boat Exports

Exports in Southern Asia

In 2021, the amount of motor boats and motor yachts, for pleasure or sports exported in Southern Asia soared to X units, with an increase of 83% compared with the previous year. Overall, exports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of 100% against the previous year. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, motor boat exports soared to $X in 2021. Over the period under review, exports continue to indicate a perceptible expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Bangladesh (X units) and Sri Lanka (X units) prevails in exports structure, together mixing up 88% of total exports. It was distantly followed by India (X units) and Maldives (X units), together achieving a 12% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Bangladesh (with a CAGR of +12.3%), while the other leaders experienced more modest paces of growth.

In value terms, Sri Lanka ($X), Maldives ($X) and Bangladesh ($X) appeared to be the countries with the highest levels of exports in 2021, with a combined 99% share of total exports.

Among the main exporting countries, Bangladesh, with a CAGR of +16.8%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Southern Asia stood at $X per unit in 2021, increasing by 8.3% against the previous year. Over the period under review, the export price showed strong growth. The pace of growth appeared the most rapid in 2015 an increase of 140% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2016 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 Maldives ($X per unit), while Bangladesh ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sri Lanka (+12.9%), while the other leaders experienced mixed trends in the export price figures.

Motor Boat Imports

Imports in Southern Asia

In 2021, motor boat imports in Southern Asia fell dramatically to X units, which is down by -23.4% compared with 2020. Over the period under review, imports, however, saw a temperate increase. The growth pace was the most rapid in 2015 when imports increased by 69%. Over the period under review, imports reached the maximum at X units in 2016; however, from 2017 to 2021, imports remained at a lower figure.

In value terms, motor boat imports dropped remarkably to $X in 2021. In general, imports, however, showed strong growth. The growth pace was the most rapid in 2017 with an increase of 120% against the previous year. Over the period under review, imports reached the maximum at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

Sri Lanka was the largest importer of motor boats and motor yachts, for pleasure or sports in Southern Asia, with the volume of imports finishing at X units, which was near 66% of total imports in 2021. Maldives (X units) held an 11% share (based on physical terms) of total imports, which put it in second place, followed by Pakistan (10%), Bangladesh (5.1%) and India (5.1%). Nepal (X units) took a little share of total imports.

Sri Lanka was also the fastest-growing in terms of the motor boats and motor yachts, for pleasure or sports imports, with a CAGR of +26.2% from 2012 to 2021. At the same time, Bangladesh (+22.3%), Nepal (+8.0%) and Maldives (+2.3%) displayed positive paces of growth. By contrast, Pakistan (-8.8%) and India (-18.3%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Sri Lanka and Bangladesh increased by +55 and +5.1 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Bangladesh ($X), Maldives ($X) and Sri Lanka ($X) were the countries with the highest levels of imports in 2021, with a combined 93% share of total imports.

Bangladesh, with a CAGR of +104.2%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Southern Asia stood at $X per unit in 2021, with a decrease of -45.6% against the previous year. Overall, the import price, however, showed a buoyant expansion. The most prominent rate of growth was recorded in 2017 an increase of 201%. Over the period under review, import prices attained the peak figure at $X per unit in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bangladesh (+30.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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