Denmark: Motor Boat Market 2024

Motor Boat Market Size in Denmark

The Danish motor boat market skyrocketed to $X in 2023, picking up by X% against the previous year. In general, consumption, however, faced a sharp decline. As a result, consumption reached the peak level of $X. From 2022 to 2023, the growth of the market remained at a lower figure.

Motor Boat Production in Denmark

In value terms, motor boat production skyrocketed to $X in 2023 estimated in export price. Over the period under review, production recorded a buoyant expansion. The growth pace was the most rapid in 2021 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2022 to 2023, production growth remained at a somewhat lower figure.

Motor Boat Exports

Exports from Denmark

In 2021, overseas shipments of motor boats and motor yachts, for pleasure or sports decreased by X% to X units, falling for the second consecutive year after two years of growth. Over the period under review, total exports indicated modest growth from 2012 to 2021: its volume increased at an average annual rate of X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by X% against 2019 indices. The pace of growth was the most pronounced in 2016 when exports increased by X%. Over the period under review, the exports hit record highs at X units in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, motor boat exports contracted to $X in 2021. Overall, exports, however, continue to indicate a moderate expansion. The most prominent rate of growth was recorded in 2014 with an increase of X%. The exports peaked at $X in 2020, and then reduced in the following year.

Exports by Country

Greenland (X units), Norway (X units) and Iceland (X units) were the main destinations of motor boat exports from Denmark, with a combined X% share of total exports. Moreover, motor boat exports in Greenland exceeded the figures recorded by the second-largest exporter, Norway, twofold.

From 2012 to 2021, the biggest increases were recorded for Greenland (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for motor boat exported from Denmark were Norway ($X), Greenland ($X) and Germany ($X), with a combined X% share of total exports. Switzerland, Faroe Islands and Iceland lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, Iceland, with a CAGR of X%, recorded 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

In 2021, the average motor boat export price amounted to $X per unit, picking up by X% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 an increase of X%. Over the period under review, the average export prices hit record highs in 2021 and is likely to see gradual growth in the near future.

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

Motor Boat Imports

Imports into Denmark

In 2021, the amount of motor boats and motor yachts, for pleasure or sports imported into Denmark skyrocketed to X units, growing by X% compared with the previous year's figure. In general, imports continue to indicate a buoyant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, motor boat imports skyrocketed to $X in 2021. Overall, imports recorded a strong expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Norway (X units), the UK (X units) and Finland (X units) were the main suppliers of motor boat imports to Denmark, together accounting for X% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Finland (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the UK ($X), Norway ($X) and Sweden ($X) constituted the largest motor boat suppliers to Denmark, with a combined X% share of total imports. Finland, the Netherlands, Germany, France, the United States, Mexico, China and Belgium lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Finland, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average motor boat import price stood at $X per unit in 2021, jumping by X% against the previous year. Overall, import price indicated a notable expansion from 2012 to 2021: its price increased at an average annual rate of X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform