United Kingdom: Outboard Boat Motors Market 2024

Outboard Boat Motors Market Size in the UK

The UK outboard boat motors market skyrocketed to $X in 2022, jumping by X% against the previous year. Overall, consumption posted a prominent expansion. Outboard boat motors consumption peaked in 2022 and is likely to see gradual growth in the near future.

Outboard Boat Motors Production in the UK

In value terms, outboard boat motors production rose sharply to $X in 2022 estimated in export price. In general, production posted a prominent expansion. The pace of growth appeared the most rapid in 2019 with an increase of X%. Outboard boat motors production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Outboard Boat Motors Exports

Exports from the UK

In 2022, after two years of growth, there was significant decline in shipments abroad of outboard motors for marine propulsion, when their volume decreased by X% to X units. Over the period under review, total exports indicated a strong 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, exports increased by X% against 2019 indices. The growth pace was the most rapid in 2013 with an increase of X%. Over the period under review, the exports attained the maximum at X units in 2021, and then dropped sharply in the following year.

In value terms, outboard boat motors exports contracted to $X in 2022. Overall, total exports indicated a buoyant 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 decreased by X% against 2020 indices. The growth pace was the most rapid in 2013 when exports increased by X% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Ireland (X units) was the main destination for outboard boat motors exports from the UK, accounting for a X% share of total exports. Moreover, outboard boat motors exports to Ireland exceeded the volume sent to the second major destination, Japan (X units), eightfold. The third position in this ranking was taken by Belgium (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Ireland totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (X% per year) and Belgium (X% per year).

In value terms, Ireland ($X) remains the key foreign market for outboard motors for marine propulsion exports from the UK, comprising X% of total exports. The second position in the ranking was taken by Japan ($X), with a X% share of total exports. It was followed by the Netherlands, with a X% share.

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

Export Prices by Country

In 2022, the average outboard boat motors export price amounted to $X per unit, increasing by X% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the average export price increased by X% against the previous year. The export price peaked at $X per unit in 2019; however, from 2020 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 Japan ($X per unit), while the average price for exports to China ($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 China (X%), while the prices for the other major destinations experienced a decline.

Outboard Boat Motors Imports

Imports into the UK

In 2022, outboard boat motors imports into the UK surged to X units, picking up by X% compared with 2021 figures. In general, total imports indicated a perceptible 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. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, outboard boat motors imports surged to $X in 2022. Overall, imports saw a buoyant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

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

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

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

From 2012 to 2022, the average annual rate of growth in terms of value from Japan stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and China (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 2013 when the average import price increased by X%. Over the period under review, average import prices attained the peak figure in 2022 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per unit), while the price for Thailand ($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 more modest paces of growth.

Source: IndexBox Platform

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