Australia: Motor Boat Market 2024

Motor Boat Market Size in Australia

The Australian motor boat market shrank to $X in 2022, falling by X% against the previous year. In general, consumption continues to indicate a drastic downturn. Motor boat consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Motor Boat Production in Australia

In value terms, motor boat production contracted to $X in 2022 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the production volume increased by X%. Over the period under review, production attained the maximum level at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Motor Boat Exports

Exports from Australia

After three years of growth, overseas shipments of motor boats and motor yachts, for pleasure or sports decreased by X% to X units in 2022. In general, exports, however, continue to indicate resilient growth. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. As a result, the exports reached the peak of X units. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, motor boat exports contracted significantly to $X in 2022. Over the period under review, exports, however, showed a resilient expansion. The growth pace was the most rapid in 2014 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2021, and then dropped sharply in the following year.

Exports by Country

New Caledonia (X units), New Zealand (X units) and the United States (X units) were the main destinations of motor boat exports from Australia, with a combined X% share of total exports. China, France, the Netherlands and Vanuatu lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by France (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for motor boat exported from Australia were the United States ($X), New Zealand ($X) and France ($X), with a combined X% share of total exports.

Among the main countries of destination, France, 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 2022, dropping by X% against the previous year. In general, the export price, however, posted a modest increase. The most prominent rate of growth was recorded in 2017 when the average export price increased by X% against the previous year. The export price peaked at $X per unit in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to New Caledonia ($X 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 France (X%), while the prices for the other major destinations experienced more modest paces of growth.

Motor Boat Imports

Imports into Australia

In 2022, the amount of motor boats and motor yachts, for pleasure or sports imported into Australia declined rapidly to X units, dropping by X% compared with the previous year's figure. Overall, imports faced a abrupt shrinkage. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. Imports peaked at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, motor boat imports stood at $X in 2022. Over the period under review, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, the United States (X units) constituted the largest supplier of motor boat to Australia, accounting for a X% share of total imports. Moreover, motor boat imports from the United States exceeded the figures recorded by the second-largest supplier, China (X units), threefold. New Zealand (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from the United States amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and New Zealand (X% per year).

In value terms, Italy ($X), the UK ($X) and the United States ($X) were the largest motor boat suppliers to Australia, with a combined X% share of total imports.

In terms of the main suppliers, Italy, 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 2022, growing by X% against the previous year. Overall, the import price showed a resilient increase. 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 in 2022 and is likely to see gradual growth in the near future.

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 Italy ($X,619 per unit), while the price for New Zealand ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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