U.S.: Outboard Boat Motors Market 2024

Outboard Boat Motors Market Size in the U.S.

The U.S. outboard boat motors market expanded slightly to $X in 2022, rising by X% against the previous year. Overall, consumption enjoyed prominent growth. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in the near future.

Outboard Boat Motors Production in the U.S.

In value terms, outboard boat motors production expanded rapidly to $X in 2022. In general, production enjoyed a resilient expansion. The pace of growth was the most pronounced in 2015 when the production volume increased by X%. Over the period under review, production attained the maximum level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Outboard Boat Motors Exports

Exports from the U.S.

In 2022, shipments abroad of outboard motors for marine propulsion increased by X% to X units, rising for the sixth year in a row after three years of decline. Overall, exports posted a resilient expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, outboard boat motors exports soared to $X in 2022. In general, total exports indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2016 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Canada (X units) was the main destination for outboard boat motors exports from the United States, with a X% share of total exports. Moreover, outboard boat motors exports to Canada exceeded the volume sent to the second major destination, Belgium (X units), twofold. China (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Canada amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (X% per year) and China (X% per year).

In value terms, the largest markets for outboard boat motors exported from the United States were Belgium ($X), Canada ($X) and Mexico ($X), together comprising X% of total exports. Australia, China, Brazil, Argentina, Luxembourg, the United Arab Emirates and New Zealand lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, China, with a CAGR of X%, saw 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

In 2022, the average outboard boat motors export price amounted to $X per unit, falling by X% against the previous year. In general, the export price continues to indicate a mild contraction. The most prominent rate of growth was recorded in 2015 an increase of X% against the previous year. The export price peaked at $X per unit in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

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

Outboard Boat Motors Imports

Imports into the U.S.

In 2022, supplies from abroad of outboard motors for marine propulsion increased by X% to X units, rising for the second year in a row after two years of decline. Overall, total imports indicated a buoyant expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, outboard boat motors imports soared to $X in 2022. Over the period under review, imports continue to indicate a strong increase. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, Japan (X units) constituted the largest supplier of outboard boat motors to the United States, with a X% share of total imports. Moreover, outboard boat motors imports from Japan exceeded the figures recorded by the second-largest supplier, Thailand (X units), more than tenfold.

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

In value terms, Japan ($X) constituted the largest supplier of outboard motors for marine propulsion to the United States, comprising X% of total imports. The second position in the ranking was held by China ($X), with a X% share of total imports.

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

Import Prices by Country

The average outboard boat motors import price stood at $X per unit in 2022, surging by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2017 an increase of X%. The import price peaked at $X per unit in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per unit), while the price for Thailand ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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