Southern Asia: Sailboat Market 2024

Sailboat Market Size in Southern Asia

The South Asian sailboat market reduced to $X in 2021, shrinking by -5.2% against the previous year. The total consumption indicated a pronounced expansion from 2012 to 2021: its value increased at an average annual rate of +3.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -13.8% against 2018 indices. The level of consumption peaked at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Sailboat Production in Southern Asia

In value terms, sailboat production contracted modestly to $X in 2021 estimated in export price. The total production indicated tangible growth from 2012 to 2021: its value increased at an average annual rate of +4.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -3.9% against 2018 indices. The most prominent rate of growth was recorded in 2015 with an increase of 40% against the previous year. The level of production peaked at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Sailboat Exports

Exports in Southern Asia

In 2021, after two years of decline, there was significant growth in shipments abroad of sailboats for pleasure or sports, with or without auxiliary motor, when their volume increased by 914% to X units. Overall, exports recorded a significant increase. The most prominent rate of growth was recorded in 2018 when exports increased by 11,900% against the previous year. As a result, the exports attained the peak of X units. From 2019 to 2021, the growth of the exports remained at a lower figure.

In value terms, sailboat exports skyrocketed to $X in 2021. In general, exports recorded significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Sri Lanka dominates exports structure, finishing at X units, which was near 94% of total exports in 2021. It was distantly followed by India (X units), constituting a 4.9% share of total exports.

Sri Lanka was also the fastest-growing in terms of the sailboats for pleasure or sports, with or without auxiliary motor exports, with a CAGR of +47.7% from 2012 to 2021. India (-3.9%) illustrated a downward trend over the same period. Sri Lanka (+68 p.p.) significantly strengthened its position in terms of the total exports, while India saw its share reduced by -61.7% from 2012 to 2021, respectively.

In value terms, Sri Lanka ($X) remains the largest sailboat supplier in Southern Asia, comprising 100% of total exports. The second position in the ranking was held by India ($X), with a 0.4% share of total exports.

In Sri Lanka, sailboat exports expanded at an average annual rate of +32.6% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Southern Asia amounted to $X per unit, increasing by 69% against the previous year. Overall, the export price showed a modest increase. The pace of growth appeared the most rapid in 2020 an increase of 419% against the previous year. The level of export peaked at $X per unit in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Sri Lanka ($X per unit), while India totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (-3.2%).

Sailboat Imports

Imports in Southern Asia

In 2021, the amount of sailboats for pleasure or sports, with or without auxiliary motor imported in Southern Asia reduced notably to X units, waning by -17.9% against 2020. Over the period under review, imports saw a pronounced reduction. The pace of growth appeared the most rapid in 2018 with an increase of 65%. Over the period under review, imports reached the maximum at X units in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, sailboat imports dropped remarkably to $X in 2021. In general, imports, however, continue to indicate temperate growth. The most prominent rate of growth was recorded in 2014 with an increase of 215% against the previous year. The level of import peaked at $X in 2015; however, from 2016 to 2021, imports failed to regain momentum.

Imports by Country

India (X units) and Maldives (X units) dominates imports structure, together making up 91% of total imports. It was distantly followed by Pakistan (X units), constituting a 5.5% share of total imports. The following importers - Bhutan (X units) and Nepal (X units) - each recorded a 3.6% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Maldives (with a CAGR of +3.8%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, Maldives ($X) constitutes the largest market for imported sailboats for pleasure or sports, with or without auxiliary motor in Southern Asia, comprising 75% of total imports. The second position in the ranking was held by India ($X), with a 20% share of total imports. It was followed by Pakistan, with a 3.6% share.

From 2012 to 2021, the average annual growth rate of value in Maldives amounted to +4.3%. The remaining importing countries recorded the following average annual rates of imports growth: India (+2.9% per year) and Pakistan (-1.4% per year).

Import Prices by Country

In 2021, the import price in Southern Asia amounted to $X per unit, waning by -7.4% against the previous year. In general, the import price, however, recorded a prominent expansion. The growth pace was the most rapid in 2015 when the import price increased by 147%. As a result, import price attained the peak level of $X per unit. From 2016 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 Maldives ($X per unit), while Bhutan ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+5.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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