China: Motor Boat Market 2024

Motor Boat Market Size in China

The Chinese motor boat market reduced to $X in 2022, which is down by X% against the previous year. Over the period under review, consumption continues to indicate a abrupt descent. Motor boat consumption peaked at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Motor Boat Production in China

In value terms, motor boat production reduced to $X in 2022 estimated in export price. In general, production continues to indicate a deep downturn. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Motor boat production peaked at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

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Motor Boat Exports

Exports from China

In 2021, shipments abroad of motor boats and motor yachts, for pleasure or sports was finally on the rise to reach X units for the first time since 2018, thus ending a two-year declining trend. Over the period under review, exports posted a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. The exports peaked at X units in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, motor boat exports skyrocketed to $X in 2021. Overall, exports continue to indicate significant growth. The pace of growth appeared the most rapid in 2013 when exports increased by X%. Over the period under review, the exports attained the maximum at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

The United States (X units), Turkey (X units) and Hong Kong SAR (X units) were the main destinations of motor boat exports from China, together accounting for X% of total exports. Australia, South Korea, Denmark, Canada, New Zealand, Sweden, the Philippines, Russia and the UK lagged somewhat behind, together comprising a further X%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Russia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Hong Kong SAR ($X), the United States ($X) and the UK ($X) constituted the largest markets for motor boat exported from China worldwide, together comprising X% of total exports. Australia, Turkey, Canada, Denmark, Sweden, the Philippines, South Korea, New Zealand and Russia lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, Russia, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average motor boat export price stood at $X per unit in 2021, with an increase of X% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the average export price increased by X%. The export price peaked at $X per unit in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X,201 per unit), while the average price for exports to South Korea ($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 Russia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Motor Boat Imports

Imports into China

After two years of decline, overseas purchases of motor boats and motor yachts, for pleasure or sports increased by X% to X units in 2021. Overall, imports continue to indicate a buoyant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, motor boat imports surged to $X in 2021. In general, imports, however, showed a abrupt curtailment. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Mexico (X units) constituted the largest motor boat supplier to China, with a X% share of total imports. Moreover, motor boat imports from Mexico exceeded the figures recorded by the second-largest supplier, the United States (X units), threefold. The third position in this ranking was taken by Australia (X units), with a X% share.

From 2012 to 2021, the average annual growth rate of volume from Mexico stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Australia (X% per year).

In value terms, the largest motor boat suppliers to China were the United States ($X), Mexico ($X) and Australia ($X), together comprising X% of total imports.

Mexico, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average motor boat import price amounted to $X per unit, picking up by X% against the previous year. Over the period under review, the import price, however, saw a abrupt slump. The most prominent rate of growth was recorded in 2019 when the average import price increased by X%. Over the period under review, average import prices attained the maximum at $X per unit in 2012; however, from 2013 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 Australia ($X per unit), while the price for Mexico ($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 (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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