Price for Yachts and Other Vessels; for Pleasure or Sports, Rowing Boats and Canoes in the Philippines - 2023
Contents:
- Price for Yachts and Other Vessels; for Pleasure or Sports, Rowing Boats and Canoes in the Philippines (CIF) - 2022
- Price for Yachts and Other Vessels; for Pleasure or Sports, Rowing Boats and Canoes in the Philippines (FOB) - 2022
- Imports of Yachts and Other Vessels; for Pleasure or Sports, Rowing Boats and Canoes in the Philippines
- Exports of Yachts and Other Vessels; for Pleasure or Sports, Rowing Boats and Canoes in the Philippines
Price for Yachts and Other Vessels; for Pleasure or Sports, Rowing Boats and Canoes in the Philippines (CIF) - 2022
In 2022, the average import price for yachts and other vessels; for pleasure or sports, rowing boats and canoeses amounted to $2,412 per unit, increasing by 15% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the average import price increased by 129%. The import price peaked at $5,319 per unit in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($7,470 per unit), while the price for Australia ($438 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+16.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Yachts and Other Vessels; for Pleasure or Sports, Rowing Boats and Canoes in the Philippines (FOB) - 2022
In 2022, the average export price for yachts and other vessels; for pleasure or sports, rowing boats and canoeses amounted to $877 per unit, shrinking by -14.3% against the previous year. Over the period under review, the export price continues to indicate a noticeable contraction. The most prominent rate of growth was recorded in 2014 when the average export price increased by 541% against the previous year. As a result, the export price attained the peak level of $2,508 per unit. From 2015 to 2022, the average export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($6,677 per unit), while the average price for exports to Canada ($175 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 the United Arab Emirates (+129.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Yachts and Other Vessels; for Pleasure or Sports, Rowing Boats and Canoes in the Philippines
Imports of yachts and other vessels; for pleasure or sports, rowing boats and canoeses into the Philippines soared to 2.8K units in 2022, increasing by 20% on the year before. Over the period under review, imports saw a significant expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 171%. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the near future.
In value terms, imports of yachts and other vessels; for pleasure or sports, rowing boats and canoeses surged to $6.8M in 2022. Overall, total imports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +20.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +76.9% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Yachts and Other Vessels; for Pleasure or Sports, Rowing Boats and Canoes in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 902 | 2,144 | 1,157 | 1,990 | 30.2% |
| China | 871 | 377 | 905 | 1,200 | 11.3% |
| Mexico | 352 | 497 | 887 | 1,182 | 49.7% |
| France | 10.1 | 43.5 | 375 | 672 | 305.2% |
| Hong Kong SAR | 13.7 | N/A | 8.7 | 307 | 181.9% |
| Japan | 1,185 | 136 | 161 | 211 | -43.7% |
| Malaysia | 27.1 | 3.5 | 18.6 | 73.7 | 39.6% |
| Australia | 53.6 | 23.7 | 54.0 | 11.4 | -40.3% |
| Others | 434 | 1,371 | 1,356 | 1,161 | 38.8% |
| Total | 3,849 | 4,595 | 4,923 | 6,809 | 20.9% |
Top Suppliers of Yachts and Other Vessels; for Pleasure or Sports, Rowing Boats and Canoes to the Philippines in 2022:
- China (1439.0 units)
- United States (353.0 units)
- Mexico (338.0 units)
- Japan (187.0 units)
- Malaysia (124.0 units)
- Hong Kong SAR (109.0 units)
- France (90.0 units)
- Australia (26.0 units)
Exports of Yachts and Other Vessels; for Pleasure or Sports, Rowing Boats and Canoes in the Philippines
In 2022, approx. 3.7K units of yachts and other vessels; for pleasure or sports, rowing boats and canoeses were exported from the Philippines; increasing by 209% against the previous year's figure. Over the period under review, exports enjoyed a buoyant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of yachts and other vessels; for pleasure or sports, rowing boats and canoeses soared to $3.2M in 2022. In general, exports continue to indicate a buoyant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Yachts and Other Vessels; for Pleasure or Sports, Rowing Boats and Canoes in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 494 | 197 | 309 | 1,259 | 36.6% |
| Japan | 260 | 287 | 381 | 795 | 45.1% |
| Canada | 214 | 65.5 | 60.4 | 243 | 4.3% |
| China | 3.5 | 1.3 | N/A | 215 | 294.6% |
| New Zealand | 1.5 | 8.5 | 1.4 | 191 | 403.1% |
| Germany | 16.6 | 71.8 | 44.6 | 107 | 86.1% |
| South Korea | 6.5 | 1.6 | 1.3 | 80.9 | 131.7% |
| Singapore | 636 | 13.0 | 22.7 | 59.6 | -54.6% |
| Netherlands | 8.8 | 951 | 2.8 | 17.1 | 24.8% |
| Others | 319 | 303 | 386 | 239 | -9.2% |
| Total | 1,960 | 1,899 | 1,210 | 3,207 | 17.8% |
Top Export Markets for Yachts and Other Vessels; for Pleasure or Sports, Rowing Boats and Canoes from the Philippines in 2022:
- Canada (1394.0 units)
- United States (927.0 units)
- New Zealand (421.0 units)
- Germany (416.0 units)
- China (190.0 units)
- Japan (119.0 units)
- South Korea (65.0 units)
- Netherlands (15.0 units)
- Singapore (11.0 units)
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