Germany: Motor Boat Market 2024

Motor Boat Market Size in Germany

The German motor boat market soared to $X in 2023, increasing by X% against the previous year. Over the period under review, consumption, however, saw a abrupt setback. Motor boat consumption peaked at $X in 2012; however, from 2013 to 2023, consumption remained at a lower figure.

Motor Boat Production in Germany

In value terms, motor boat production skyrocketed to $X in 2023 estimated in export price. Over the period under review, production, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2023, production growth remained at a lower figure.

Motor Boat Exports

Exports from Germany

In 2021, the amount of motor boats and motor yachts, for pleasure or sports exported from Germany reduced dramatically to X units, shrinking by X% against the previous year's figure. Over the period under review, exports showed a pronounced curtailment. The growth pace was the most rapid in 2020 when exports increased by X%. As a result, the exports attained the peak of X units, and then shrank markedly in the following year.

In value terms, motor boat exports dropped rapidly to $X in 2021. In general, exports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of X%. Over the period under review, the exports reached the peak figure at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

British Virgin Islands (X units) was the main destination for motor boat exports from Germany, with a X% share of total exports. Moreover, motor boat exports to British Virgin Islands exceeded the volume sent to the second major destination, Cayman Islands (X units), threefold. The third position in this ranking was taken by Sweden (X units), with a X% share.

From 2012 to 2021, the average annual growth rate of volume to British Virgin Islands stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cayman Islands (X% per year) and Sweden (X% per year).

In value terms, British Virgin Islands ($X) emerged as the key foreign market for motor boats and motor yachts, for pleasure or sports exports from Germany, comprising X% of total exports. The second position in the ranking was held by Cayman Islands ($X), with a X% share of total exports. It was followed by the UK, with a X% share.

From 2012 to 2021, the average annual growth rate of value to British Virgin Islands totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cayman Islands (X% per year) and the UK (X% per year).

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, export price indicated a noticeable increase 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. Based on 2021 figures, motor boat export price increased by X% against 2018 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X,780 per unit), while the average price for exports to Finland ($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 Marshall Islands (X%), while the prices for the other major destinations experienced more modest paces of growth.

Motor Boat Imports

Imports into Germany

In 2021, purchases abroad of motor boats and motor yachts, for pleasure or sports increased by X% to X units for the first time since 2016, thus ending a four-year declining trend. Overall, imports enjoyed moderate growth. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Imports peaked at X units in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, motor boat imports reduced markedly to $X in 2021. In general, imports, however, showed a noticeable descent. The most prominent rate of growth was recorded in 2020 when imports increased by X%. As a result, imports reached the peak of $X, and then fell significantly in the following year.

Imports by Country

In 2021, Belgium (X units) constituted the largest motor boat supplier to Germany, accounting for a X% share of total imports. Moreover, motor boat imports from Belgium exceeded the figures recorded by the second-largest supplier, Poland (X units), fourfold. The United States (X units) ranked third in terms of total imports with a X% share.

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

In value terms, the largest motor boat suppliers to Germany were the Netherlands ($X), France ($X) and Poland ($X), with a combined X% share of total imports. Belgium, Switzerland, the United States, Sweden, Norway and Japan lagged somewhat behind, together comprising a further X%.

Belgium, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among 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, waning by X% against the previous year. Overall, the import price continues to indicate a abrupt curtailment. The pace of growth appeared the most rapid in 2020 when the average import price increased by X%. As a result, import price attained the peak level of $X per unit, and then dropped dramatically in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by British Virgin Islands (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform