Thailand: Sailboat Market 2024

Sailboat Market Size in Thailand

In 2021, the Thai sailboat market decreased by -87.7% to $X, falling for the fourth consecutive year after three years of growth. Overall, consumption continues to indicate a dramatic slump. Over the period under review, the market reached the maximum level at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Sailboat Production in Thailand

In value terms, sailboat production shrank markedly to $X in 2021 estimated in export price. In general, production recorded a pronounced decrease. The pace of growth was the most pronounced in 2020 with an increase of 72% against the previous year. Sailboat production peaked at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

Sailboat Exports

Exports from Thailand

In 2021, shipments abroad of sailboats for pleasure or sports, with or without auxiliary motor increased by 3.2% to X units, rising for the second consecutive year after two years of decline. Overall, exports posted strong growth. The pace of growth was the most pronounced in 2020 when exports increased by 97% against the previous year. The exports peaked in 2021 and are likely to see steady growth in the immediate term.

In value terms, sailboat exports soared to $X in 2021. In general, exports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of 385%. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

Germany (X units) was the main destination for sailboat exports from Thailand, with a 61% share of total exports. Moreover, sailboat exports to Germany exceeded the volume sent to the second major destination, the Netherlands (X units), sixfold. Italy (X units) ranked third in terms of total exports with a 10% share.

From 2012 to 2021, the average annual growth rate of volume to Germany stood at +66.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+9.6% per year) and Italy (-0.7% per year).

In value terms, Italy ($X) emerged as the key foreign market for sailboats for pleasure or sports, with or without auxiliary motor exports from Thailand, comprising 58% of total exports. The second position in the ranking was held by Australia ($X), with an 18% share of total exports. It was followed by the Netherlands, with a 6.5% share.

From 2012 to 2021, the average annual growth rate of value to Italy amounted to +7.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (+14.0% per year) and the Netherlands (-5.4% per year).

Export Prices by Country

The average sailboat export price stood at $X per unit in 2021, with an increase of 86% against the previous year. In general, the export price, however, showed a abrupt shrinkage. The pace of growth was the most pronounced in 2017 an increase of 150% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Turkey ($X per unit), while the average price for exports to Hong Kong SAR ($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 Spain (+31.8%), while the prices for the other major destinations experienced more modest paces of growth.

Sailboat Imports

Imports into Thailand

In 2021, purchases abroad of sailboats for pleasure or sports, with or without auxiliary motor decreased by -59.7% to X units, falling for the second year in a row after three years of growth. Overall, imports saw a deep downturn. The most prominent rate of growth was recorded in 2017 with an increase of 225% against the previous year. Imports peaked at X units in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, sailboat imports surged to $X in 2021. Over the period under review, imports showed a pronounced downturn. The growth pace was the most rapid in 2017 with an increase of 337%. As a result, imports reached the peak of $X. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

The UK (X units), Australia (X units) and Seychelles (X units) were the main suppliers of sailboat imports to Thailand, together accounting for 61% of total imports.

From 2012 to 2021, the biggest increases were recorded for Seychelles (with a CAGR of +26.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, France ($X) constituted the largest supplier of sailboats for pleasure or sports, with or without auxiliary motor to Thailand, comprising 36% of total imports. The second position in the ranking was held by Seychelles ($X), with a 6.8% share of total imports. It was followed by China, with a 4.3% share.

From 2012 to 2021, the average annual growth rate of value from France was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Seychelles (+14.7% per year) and China (+14.7% per year).

Import Prices by Country

In 2021, the average sailboat import price amounted to $X per unit, picking up by 188% against the previous year. Overall, the import price showed a pronounced increase. Over the period under review, average import prices reached the peak figure at $X per unit in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+505.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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