Price for Yachts and Other Vessels; for Pleasure or Sports, Rowing Boats and Canoes in China - 2024
Contents:
- Price for Yachts and Other Vessels; for Pleasure or Sports, Rowing Boats and Canoes in China (FOB) - 2022
- Price for Yachts and Other Vessels; for Pleasure or Sports, Rowing Boats and Canoes in China (CIF) - 2022
- Exports of Yachts and Other Vessels; for Pleasure or Sports, Rowing Boats and Canoes in China
- Imports of Yachts and Other Vessels; for Pleasure or Sports, Rowing Boats and Canoes in China
Price for Yachts and Other Vessels; for Pleasure or Sports, Rowing Boats and Canoes in China (FOB) - 2022
The average export price for yachts and other vessels; for pleasure or sports, rowing boats and canoeses stood at $163 per unit in 2022, increasing by 32% against the previous year. Over the period under review, export price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2015 when the average export price increased by 79% against the previous year. Over the period under review, the average export prices hit record highs at $185 per unit in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Australia ($224 per unit), while the average price for exports to Tunisia ($17 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 Spain (+22.1%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Yachts and Other Vessels; for Pleasure or Sports, Rowing Boats and Canoes in China (CIF) - 2022
In 2022, the average import price for yachts and other vessels; for pleasure or sports, rowing boats and canoeses amounted to $18,266 per unit, growing by 35% against the previous year. Overall, the import price, however, showed a drastic downturn. Over the period under review, average import prices reached the maximum at $64,331 per unit in 2013; however, from 2014 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 the UK ($89,048 per unit), while the price for South Korea ($208 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (-1.1%), while the prices for the other major suppliers experienced a decline.
Exports of Yachts and Other Vessels; for Pleasure or Sports, Rowing Boats and Canoes in China
In 2022, overseas shipments of yachts and other vessels; for pleasure or sports, rowing boats and canoeses decreased by -20.3% to 4M units for the first time since 2018, thus ending a three-year rising trend. In general, total exports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +11.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +38.8% against 2019 indices. The pace of growth was the most pronounced in 2021 when exports increased by 66%. As a result, the exports reached the peak of 5M units, and then reduced markedly in the following year.
In value terms, exports of yachts and other vessels; for pleasure or sports, rowing boats and canoeses expanded rapidly to $648M in 2022. Overall, total exports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +19.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +71.1% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 55%. Over the period under review, the exports of hit record highs in 2022 and are likely to see steady growth in the near future.
| Export of Yachts and Other Vessels; for Pleasure or Sports, Rowing Boats and Canoes in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 94.8 | 121 | 160 | 170 | 21.5% |
| Australia | 26.4 | 29.5 | 45.5 | 60.8 | 32.1% |
| Hong Kong SAR | 41.2 | 37.5 | 54.2 | 48.5 | 5.6% |
| France | 28.3 | 25.9 | 37.9 | 39.4 | 11.7% |
| United Kingdom | 13.7 | 15.7 | 29.5 | 32.7 | 33.6% |
| Canada | 12.9 | 16.0 | 38.6 | 31.1 | 34.1% |
| Spain | 9.4 | 7.6 | 15.8 | 21.3 | 31.3% |
| Germany | 14.1 | 16.9 | 28.5 | 20.1 | 12.5% |
| Netherlands | 15.6 | 16.1 | 24.4 | 19.2 | 7.2% |
| Italy | 4.2 | 9.2 | 7.2 | 10.3 | 34.9% |
| Russia | 4.8 | 3.6 | 5.7 | 7.2 | 14.5% |
| Others | 113 | 96.6 | 168 | 188 | 18.5% |
| Total | 379 | 396 | 615 | 648 | 19.6% |
Top Export Markets for Yachts and Other Vessels; for Pleasure or Sports, Rowing Boats and Canoes from China in 2022:
- United States (1119.8K units)
- Australia (271.0K units)
- Netherlands (246.1K units)
- France (241.4K units)
- Canada (227.4K units)
- United Kingdom (221.7K units)
- Hong Kong SAR (221.6K units)
- Spain (151.0K units)
- Germany (116.9K units)
- Italy (115.3K units)
- Russia (61.4K units)
Imports of Yachts and Other Vessels; for Pleasure or Sports, Rowing Boats and Canoes in China
In 2022, the amount of yachts and other vessels; for pleasure or sports, rowing boats and canoeses imported into China dropped sharply to 6.5K units, shrinking by -47.2% on the previous year's figure. Overall, imports, however, posted significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 348% against the previous year. As a result, imports reached the peak of 12K units, and then reduced markedly in the following year.
In value terms, imports of yachts and other vessels; for pleasure or sports, rowing boats and canoeses contracted sharply to $119M in 2022. Over the period under review, imports, however, continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2021 with an increase of 291% against the previous year. As a result, imports attained the peak of $168M, and then contracted remarkably in the following year.
| Import of Yachts and Other Vessels; for Pleasure or Sports, Rowing Boats and Canoes in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 23.4 | 2.4 | 64.3 | 28.7 | 7.0% |
| Mexico | 17.5 | 11.2 | 18.2 | 27.4 | 16.1% |
| United States | 7.1 | 6.4 | 24.4 | 26.1 | 54.3% |
| France | 6.6 | 3.1 | 8.2 | 14.9 | 31.2% |
| Turkey | N/A | N/A | N/A | 6.1 | 0% |
| United Kingdom | 4.0 | 3.7 | 4.9 | 5.3 | 9.8% |
| South Africa | N/A | N/A | N/A | 2.8 | 0% |
| Australia | 1.8 | 3.6 | 5.4 | 0.5 | -34.8% |
| Portugal | 0.3 | 0.5 | 0.6 | 0.2 | -12.6% |
| Taiwan (Chinese) | N/A | 0.7 | 1.9 | N/A | 171.4% |
| Others | 9.6 | 11.4 | 39.9 | 7.2 | -9.1% |
| Total | 70.2 | 42.9 | 168 | 119 | 19.2% |
Top Suppliers of Yachts and Other Vessels; for Pleasure or Sports, Rowing Boats and Canoes to China in 2022:
- Italy (2396.0 units)
- Mexico (2286.0 units)
- United States (707.0 units)
- South Africa (291.0 units)
- France (218.0 units)
- Turkey (188.0 units)
- Portugal (75.0 units)
- United Kingdom (60.0 units)
- Australia (47.0 units)
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