Report Update Feb 1, 2025

Venezuela - Motor Boats and Motor Yachts, for Pleasure or Sports - Market Analysis, Forecast, Size, Trends and Insights

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Venezuela: Motor Boat Market 2025

Motor Boat Market Size in Venezuela

The Venezuelan motor boat market was finally on the rise to reach $X in 2021, after three years of decline. In general, consumption, however, showed a slight shrinkage. As a result, consumption attained the peak level of $X. From 2018 to 2021, the growth of the market failed to regain momentum.

Motor Boat Production in Venezuela

In value terms, motor boat production stood at $X in 2021 estimated in export price. Over the period under review, production, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of 33%. As a result, production reached the peak level of $X. From 2018 to 2021, production growth remained at a lower figure.

Motor Boat Exports

Exports from Venezuela

In 2021, exports of motor boats and motor yachts, for pleasure or sports from Venezuela declined to X units, reducing by -9.1% on the previous year. In general, exports, however, posted a moderate increase. The pace of growth was the most pronounced in 2020 with an increase of 83%. The exports peaked at X units in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, motor boat exports skyrocketed to $X in 2021. Over the period under review, exports, however, continue to indicate strong growth. The pace of growth appeared the most rapid in 2015 with an increase of 77%. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X units) was the main destination for motor boat exports from Venezuela, accounting for a 70% share of total exports. Moreover, motor boat exports to the United States exceeded the volume sent to the second major destination, Colombia (X units), fourfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States amounted to +14.9%.

In value terms, the United States ($X) remains the key foreign market for motor boats and motor yachts, for pleasure or sports exports from Venezuela, comprising 96% of total exports. The second position in the ranking was taken by Spain ($X), with a 1.5% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States amounted to +29.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (-1.1% per year) and Colombia (-22.6% per year).

Export Prices by Country

The average motor boat export price stood at $X per unit in 2021, surging by 56% against the previous year. Over the period under review, the export price enjoyed a strong increase. The pace of growth appeared the most rapid in 2013 when the average export price increased by 70%. The export price peaked at $X per unit in 2017; however, from 2018 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Colombia ($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 Aruba (+59.8%), while the prices for the other major destinations experienced more modest paces of growth.

Motor Boat Imports

Imports into Venezuela

After two years of decline, supplies from abroad of motor boats and motor yachts, for pleasure or sports decreased by -33.3% to X units in 2021. Over the period under review, imports showed a sharp decline. The pace of growth appeared the most rapid in 2018 when imports increased by 700% against the previous year. Imports peaked at X units in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, motor boat imports reduced to $X in 2021. In general, imports faced a dramatic decrease. The most prominent rate of growth was recorded in 2018 when imports increased by 717% against the previous year. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Canada (X units) was the main motor boat supplier to Venezuela, with a approx. 100% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from Canada totaled -26.8%.

In value terms, Canada ($X), the United States ($X) and Italy ($X) appeared to be the largest motor boat suppliers to Venezuela, with a combined 14% share of total imports. Spain lagged somewhat behind, comprising a further 1.2%.

Spain, with a CAGR of -5.1%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average motor boat import price stood at $X per unit in 2021, growing by 31% against the previous year. In general, the import price posted buoyant growth. The most prominent rate of growth was recorded in 2014 when the average import price increased by 64% against the previous year. Over the period under review, average import prices reached the maximum at $X per unit in 2015; however, from 2016 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+2.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for motor boats and motor yachts, for pleasure or sports in the world?

The countries with the highest volumes of motor boat consumption in 2020 were China, the United States and India, together accounting for 33% of global consumption. These countries were followed by Russia, Japan, Seychelles, Mexico, Indonesia, Brazil, Germany, Ethiopia, Hong Kong SAR and Dominica, which together accounted for a further 29%.

What are the largest producers of motor boats and motor yachts, for pleasure or sports in the world?

The countries with the highest volumes of motor boat production in 2020 were China, the United States and India, with a combined 37% share of global production. Russia, Japan, Mexico, Indonesia, Brazil, Italy, the UK, Ethiopia, Germany and the Netherlands lagged somewhat behind, together accounting for a further 31%.

What are the leading suppliers of motor boats and motor yachts, for pleasure or sports to Venezuela?

In value terms, Canada constituted the largest supplier of motor boat to Venezuela.

What are the leading importers of motor boats and motor yachts, for pleasure or sports from Venezuela?

In value terms, the United States, Spain and Aruba were the largest markets for motor boat exported from Venezuela worldwide, together accounting for 92% of total exports.

What is the average export price for motor boats and motor yachts, for pleasure or sports in Venezuela?

The average motor boat export price stood at $17,127 per unit in 2020, shrinking by -34.2% against the previous year.

What is the average import price for motor boats and motor yachts, for pleasure or sports in Venezuela?

In 2020, the average motor boat import price amounted to $62,710 per unit, dropping by -16.9% against the previous year.

This report provides an in-depth analysis of the motor boat market in Venezuela. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 30121930 - Motor boats and motor yachts, for pleasure or sports (excluding outboard motor boats)

Country coverage:

Venezuela

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Venezuela
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2024
22. Production, In Value Terms, 2012–2024
23. Imports, In Physical Terms, 2012–2024
24. Imports, In Value Terms, 2012–2024
25. Imports, In Physical Terms, By Country, 2024
26. Imports, In Physical Terms, By Country, 2012–2024
27. Imports, In Value Terms, By Country, 2012–2024
28. Import Prices, By Country Of Origin, 2012–2024
29. Exports, In Physical Terms, 2012–2024
30. Exports, In Value Terms, 2012–2024
31. Exports, In Physical Terms, By Country, 2024
32. Exports, In Physical Terms, By Country, 2012–2024
33. Exports, In Value Terms, By Country, 2012–2024
34. Export Prices, By Country Of Destination, 2012–2024