Uruguay: Motor Boat Market 2025

Motor Boat Market Size in Uruguay

In 2021, the Uruguayan motor boat market decreased by -4.3% to $X for the first time since 2016, thus ending a four-year rising trend. Over the period under review, the total consumption indicated mild growth from 2012 to 2021: its value increased at an average annual rate of +1.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +76.2% against 2016 indices. Over the period under review, the market hit record highs at $X in 2020, and then fell slightly in the following year.

Motor Boat Production in Uruguay

In value terms, motor boat production shrank slightly to $X in 2021 estimated in export price. In general, production, however, enjoyed noticeable growth. The pace of growth appeared the most rapid in 2019 with an increase of 59%. Motor boat production peaked at $X in 2020, and then shrank slightly in the following year.

Motor Boat Exports

Exports from Uruguay

In 2015, overseas shipments of motor boats and motor yachts, for pleasure or sports decreased by 0% to X units for the first time since 2012, thus ending a two-year declining trend. Overall, exports recorded significant growth. The smallest decline of 99.9% was in 2013. Over the period under review, the exports attained the maximum in 2015 and are expected to retain growth in years to come.

In value terms, motor boat exports stood at $X in 2015. Over the period under review, exports posted a significant increase. The smallest decline of 99.9% was in 2013. The exports peaked in 2015 and are likely to see gradual growth in the immediate term.

Exports by Country

The Netherlands (X units) and Spain (X units) were the main destinations of motor boat exports from Uruguay.

From 2012 to 2015, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Netherlands (with a CAGR of 0.0%).

From 2012 to 2015, the average annual growth rate of value to Spain was relatively modest.

Export Prices by Country

The average motor boat export price stood at $X per unit in 2015, stabilizing at the previous year. In general, the export price recorded a significant expansion. The pace of growth appeared the most rapid in 2013 when the average export price decreased by 99.9%. Over the period under review, the average export prices reached the peak figure in 2015 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Spain ($X per unit), while the average price for exports to the Netherlands amounted to $X per unit.

From 2012 to 2015, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (0.0%), while the prices for the other major destinations experienced more modest paces of growth.

Motor Boat Imports

Imports into Uruguay

In 2021, imports of motor boats and motor yachts, for pleasure or sports into Uruguay amounted to X units, remaining stable against the previous year's figure. In general, imports faced a dramatic descent. The pace of growth was the most pronounced in 2015 with an increase of 100% against the previous year. Over the period under review, imports attained the maximum at X units in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, motor boat imports contracted to $X in 2021. Over the period under review, imports faced a deep downturn. The pace of growth was the most pronounced in 2019 when imports increased by 211%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

Germany (X units), Chile (X units) and Canada (X units) were the main suppliers of motor boat imports to Uruguay. Moreover, motor boat imports in Germany exceeded the figures recorded by the second-largest supplier, Chile, twofold.

From 2012 to 2021, the biggest increases were recorded for Chile (with a CAGR of 0.0%), while purchases for the other leaders experienced a decline.

In value terms, Germany ($X) constituted the largest supplier of motor boats and motor yachts, for pleasure or sports to Uruguay, comprising 20% of total imports. The second position in the ranking was taken by Canada ($X), with a 7.3% share of total imports. It was followed by the United States, with a 5.5% share.

From 2012 to 2021, the average annual growth rate of value from Germany amounted to +71.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (-18.0% per year) and the United States (-9.3% per year).

Import Prices by Country

The average motor boat import price stood at $X per unit in 2021, with an increase of 6% against the previous year. Overall, the import price recorded a prominent increase. The growth pace was the most rapid in 2019 an increase of 85% against the previous year. Over the period under review, average import prices reached the peak figure in 2021 and is expected to retain 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 ($X per unit), while the price for Chile ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+40.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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