South-Eastern Asia: Motor Boat Market 2024

Motor Boat Market Size in South-Eastern Asia

The Southeast Asian motor boat market contracted modestly to $X in 2023, standing approx. at the previous year. Over the period under review, consumption, however, showed a noticeable decline. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2023, consumption remained at a lower figure.

Motor Boat Production in South-Eastern Asia

In value terms, motor boat production stood at $X in 2023 estimated in export price. Overall, production, however, recorded a pronounced reduction. The pace of growth was the most pronounced in 2013 with an increase of X%. As a result, production attained the peak level of $X. From 2014 to 2023, production growth remained at a somewhat lower figure.

Motor Boat Exports

Exports in South-Eastern Asia

In 2023, after two years of growth, there was decline in shipments abroad of motor boats and motor yachts, for pleasure or sports, when their volume decreased by X% to X units. In general, exports, however, posted a strong expansion. The pace of growth appeared the most rapid in 2014 with an increase of X%. Over the period under review, the exports hit record highs at X units in 2022, and then dropped modestly in the following year.

In value terms, motor boat exports fell to $X in 2023. Over the period under review, exports faced a drastic downturn. The most prominent rate of growth was recorded in 2019 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

Exports by Country

The shipments of the one major exporters of motor boats and motor yachts, for pleasure or sports, namely Singapore, represented more than two-thirds of total export.

Singapore was also the fastest-growing in terms of the motor boats and motor yachts, for pleasure or sports exports, with a CAGR of X% from 2012 to 2023. While the share of Singapore (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Singapore ($X) also remains the largest motor boat supplier in South-Eastern Asia.

From 2012 to 2023, the average annual rate of growth in terms of value in Singapore totaled X%.

Export Prices by Country

The export price in South-Eastern Asia stood at $X per unit in 2023, remaining relatively unchanged against the previous year. Over the period under review, the export price, however, continues to indicate a significant contraction. The growth pace was the most rapid in 2017 when the export price increased by X% against the previous year. The level of export peaked at $X per unit in 2013; however, from 2014 to 2023, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Singapore.

From 2012 to 2023, the rate of growth in terms of prices for Singapore amounted to X% per year.

Motor Boat Imports

Imports in South-Eastern Asia

Motor boat imports reduced slightly to X units in 2023, falling by X% compared with the previous year. In general, imports recorded a pronounced slump. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of X units. From 2022 to 2023, the growth of imports failed to regain momentum.

In value terms, motor boat imports rose remarkably to $X in 2023. Overall, imports continue to indicate a noticeable slump. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at $X in 2019; however, from 2020 to 2023, imports remained at a lower figure.

Imports by Country

Singapore was the largest importer of motor boats and motor yachts, for pleasure or sports in South-Eastern Asia, with the volume of imports recording X units, which was approx. X% of total imports in 2023. Indonesia (X units) took a X% share (based on physical terms) of total imports, which put it in second place, followed by the Philippines (X%). The following importers - Cambodia (X units) and Vietnam (X units) - each finished at a X% share of total imports.

Imports into Singapore increased at an average annual rate of X% from 2012 to 2023. At the same time, Cambodia (X%), Indonesia (X%) and the Philippines (X%) displayed positive paces of growth. Moreover, Cambodia emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of X% from 2012-2023. By contrast, Vietnam (X%) illustrated a downward trend over the same period. While the share of Singapore (X p.p.), Indonesia (X p.p.), Cambodia (X p.p.) and the Philippines (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Vietnam (X p.p.) displayed negative dynamics.

In value terms, Singapore ($X), Indonesia ($X) and Vietnam ($X) appeared to be the countries with the highest levels of imports in 2023, with a combined X% share of total imports. Cambodia and the Philippines lagged somewhat behind, together comprising a further X%.

Cambodia, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the import price in South-Eastern Asia amounted to $X per unit, rising by X% against the previous year. Import price indicated temperate growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, motor boat import price increased by X% against 2021 indices. The pace of growth appeared the most rapid in 2022 an increase of X%. Over the period under review, import prices reached the peak figure at $X per unit in 2019; however, from 2020 to 2023, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Vietnam ($X per unit), while the Philippines ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Vietnam (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform