Global Outboard Boat Motors Market 2024

Outboard Boat Motors Market Size

The global outboard boat motors market rose to $X in 2022, increasing by X% against the previous year. Overall, consumption, however, showed a mild downturn. Over the period under review, the global market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Outboard Boat Motors Production

In value terms, outboard boat motors production expanded to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a perceptible shrinkage. The most prominent rate of growth was recorded in 2018 with an increase of X%. Global production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Outboard Boat Motors Exports

Exports

For the third consecutive year, the global market recorded growth in shipments abroad of outboard motors for marine propulsion, which increased by X% to X units in 2022. In general, total exports indicated prominent growth 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 2018 indices. 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 surged to $X in 2022. Over the period under review, total exports indicated a prominent 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 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, the global exports reached the peak figure in 2022 and are likely to see gradual growth in years to come.

Exports by Country

In 2022, Japan (X units) represented the major exporter of outboard motors for marine propulsion, constituting X% of total exports. China (X units) held a X% share (based on physical terms) of total exports, which put it in second place, followed by the United States (X%) and Belgium (X%). The following exporters - Thailand (X units) and Germany (X units) - together made up X% of total exports.

From 2012 to 2022, average annual rates of growth with regard to outboard boat motors exports from Japan stood at X%. At the same time, Thailand (X%), China (X%), the United States (X%), Germany (X%) and Belgium (X%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in the world, with a CAGR of X% from 2012-2022. China (X p.p.), the United States (X p.p.) and Thailand (X p.p.) significantly strengthened its position in terms of the global exports, while Japan saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Japan ($X) remains the largest outboard boat motors supplier worldwide, comprising X% of global exports. The second position in the ranking was held by the United States ($X), with a X% share of global exports. It was followed by Belgium, with a X% share.

In Japan, outboard boat motors exports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the United States (X% per year) and Belgium (X% per year).

Export Prices by Country

In 2022, the average outboard boat motors export price amounted to $X per unit, dropping by X% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the average export price increased by X%. As a result, the export price attained the peak level of $X per unit. From 2020 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Germany ($X per unit), while China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (X%), while the other global leaders experienced more modest paces of growth.

Outboard Boat Motors Imports

Imports

In 2022, purchases abroad of outboard motors for marine propulsion increased by X% to X units, rising for the second consecutive year after two years of decline. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, global imports reached the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, outboard boat motors imports stood at $X in 2022. Overall, total imports indicated prominent growth 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, imports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, global imports attained the peak figure in 2022 and are likely to continue growth in the near future.

Imports by Country

In 2022, the United States (X units), distantly followed by Russia (X units), Belgium (X units) and Canada (X units) were the major importers of outboard motors for marine propulsion, together committing X% of total imports. Germany (X units), Australia (X units), China (X units), Italy (X units), Brazil (X units), Spain (X units), Singapore (X units), Malaysia (X units) and the UK (X units) held a relatively small share of total imports.

Imports into the United States increased at an average annual rate of X% from 2012 to 2022. At the same time, Spain (X%), Singapore (X%), Germany (X%), Canada (X%), Italy (X%), China (X%), the UK (X%), Belgium (X%) and Brazil (X%) displayed positive paces of growth. Moreover, Spain emerged as the fastest-growing importer imported in the world, with a CAGR of X% from 2012-2022. Malaysia and Australia experienced a relatively flat trend pattern. By contrast, Russia (X%) illustrated a downward trend over the same period. The United States (X p.p.) significantly strengthened its position in terms of the global imports, while Russia saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported outboard motors for marine propulsion worldwide, comprising X% of global imports. The second position in the ranking was taken by Canada ($X), with a X% share of global imports. It was followed by Belgium, with a X% share.

In the United States, outboard boat motors imports expanded at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Canada (X% per year) and Belgium (X% per year).

Import Prices by Country

The average outboard boat motors import price stood at $X per unit in 2022, growing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per unit), while Singapore ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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