Price for Yachts and Other Vessels; for Pleasure or Sports, Rowing Boats and Canoes in Saudi Arabia - 2022
Contents:
- Price for Yachts and Other Vessels; for Pleasure or Sports, Rowing Boats and Canoes in Saudi Arabia (FOB) - 2022
- Exports of Yachts and Other Vessels; for Pleasure or Sports, Rowing Boats and Canoes in Saudi Arabia
Price for Yachts and Other Vessels; for Pleasure or Sports, Rowing Boats and Canoes in Saudi Arabia (FOB) - 2022
In 2021, the average export price for yachts and other vessels; for pleasure or sports, rowing boats and canoeses amounted to $11,198 per unit, jumping by 16% against the previous year. Overall, the export price posted significant growth. The pace of growth was the most pronounced in 2017 an increase of 146%. The export price peaked in 2021 and is likely to see steady growth in the immediate term.
Average prices varied noticeably for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was the United Arab Emirates ($21,535 per unit), while the average price for exports to Bahrain totaled $17,492 per unit.
From 2015 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Bahrain (+592.8%), while the prices for the other major destinations experienced more modest paces of growth.
Exports of Yachts and Other Vessels; for Pleasure or Sports, Rowing Boats and Canoes in Saudi Arabia
In 2022, exports of yachts and other vessels; for pleasure or sports, rowing boats and canoeses from Saudi Arabia plummeted to 27 units, reducing by -79.2% on 2021 figures. In general, exports recorded a precipitous decline. The smallest decline of -27.8% was in 2021. The exports peaked at 298 units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, exports of yachts and other vessels; for pleasure or sports, rowing boats and canoeses reduced dramatically to $482K in 2022. Over the period under review, exports saw a dramatic decrease. The pace of growth was the most pronounced in 2020 with an increase of 33%. As a result, the exports reached the peak of $1.7M. From 2021 to 2022, the growth of the exports of failed to regain momentum.
| Export of Yachts and Other Vessels; for Pleasure or Sports, Rowing Boats and Canoes in Saudi Arabia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | CAGR, 2020-2021 | ||
| United Arab Emirates | 1,630 | 775 | -52.5% | ||
| Bahrain | 57.4 | 560 | 875.6% | ||
| Oman | 5.6 | N/A | 0% | ||
| Sudan | 6.7 | N/A | 0% | ||
| Italy | 5.0 | N/A | 0% | ||
| Yemen | 37.3 | N/A | 0% | ||
| Others | 2.7 | 121 | 4381.5% | ||
| Total | 1,745 | 1,456 | -16.6% | ||
Top Export Markets for Yachts and Other Vessels; for Pleasure or Sports, Rowing Boats and Canoes from Saudi Arabia in 2022:
- United Arab Emirates (36.0 units)
- Bahrain (32.0 units)
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