Spain: Outboard Boat Motors Market 2024

Outboard Boat Motors Market Size in Spain

The Spanish outboard boat motors market surged to $X in 2022, growing by X% against the previous year. Overall, consumption saw a resilient increase. Over the period under review, the market reached the peak level in 2022 and is expected to retain growth in years to come.

Outboard Boat Motors Production in Spain

In value terms, outboard boat motors production skyrocketed to $X in 2022 estimated in export price. Over the period under review, production posted a remarkable increase. The pace of growth appeared the most rapid in 2020 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Outboard Boat Motors Exports

Exports from Spain

In 2022, shipments abroad of outboard motors for marine propulsion decreased by X% to X units, falling for the second consecutive year after four years of growth. Over the period under review, exports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 when exports increased by X% against the previous year. As a result, the exports attained the peak of X units. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, outboard boat motors exports contracted to $X in 2022. In general, exports showed a slight shrinkage. The most prominent rate of growth was recorded in 2015 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2021, and then shrank in the following year.

Exports by Country

Portugal (X units), Germany (X units) and Equatorial Guinea (X units) were the main destinations of outboard boat motors exports from Spain, together comprising X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Equatorial Guinea (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Portugal ($X) remains the key foreign market for outboard motors for marine propulsion exports from Spain, comprising X% of total exports. The second position in the ranking was held by Germany ($X), with a X% share of total exports. It was followed by Finland, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Portugal amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and Finland (X% per year).

Export Prices by Country

The average outboard boat motors export price stood at $X per unit in 2022, jumping by X% against the previous year. In general, the export price, however, continues to indicate a perceptible contraction. The growth pace was the most rapid in 2014 when the average export price increased by X%. Over the period under review, the average export prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Portugal ($X per unit), while the average price for exports to Equatorial Guinea ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Croatia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Outboard Boat Motors Imports

Imports into Spain

Outboard boat motors imports into Spain surged to X units in 2022, rising by X% compared with the previous year. Over the period under review, imports showed a resilient increase. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports attained the peak figure in 2022 and are likely to see steady growth in the immediate term.

In value terms, outboard boat motors imports rose notably to $X in 2022. Overall, imports recorded prominent growth. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2022, China (X units) constituted the largest supplier of outboard boat motors to Spain, accounting for a X% share of total imports. Moreover, outboard boat motors imports from China exceeded the figures recorded by the second-largest supplier, Japan (X units), threefold. Thailand (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (X% per year) and Thailand (X% per year).

In value terms, the largest outboard boat motors suppliers to Spain were Japan ($X), the United States ($X) and China ($X), with a combined X% share of total imports.

In terms of the main suppliers, China, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average outboard boat motors import price stood at $X per unit in 2022, declining by X% against the previous year. In general, the import price saw a abrupt downturn. The most prominent rate of growth was recorded in 2013 when the average import price increased by X% against the previous year. The import price peaked at $X per unit in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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