Price for Yachts and Other Vessels; for Pleasure or Sports, Rowing Boats and Canoes in Finland - 2023

Contents:

  1. Price for Yachts and Other Vessels; for Pleasure or Sports, Rowing Boats and Canoes in Finland (FOB) - 2022
  2. Price for Yachts and Other Vessels; for Pleasure or Sports, Rowing Boats and Canoes in Finland (CIF) - 2022
  3. Exports of Yachts and Other Vessels; for Pleasure or Sports, Rowing Boats and Canoes in Finland
  4. Imports of Yachts and Other Vessels; for Pleasure or Sports, Rowing Boats and Canoes in Finland

Price for Yachts and Other Vessels; for Pleasure or Sports, Rowing Boats and Canoes in Finland (FOB) - 2022

In 2022, the average export price for yachts and other vessels; for pleasure or sports, rowing boats and canoeses amounted to $30,235 per unit, waning by -15.3% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average export price increased by 24%. As a result, the export price attained the peak level of $35,699 per unit, and then reduced notably in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($129,453 per unit), while the average price for exports to Thailand ($3,228 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 Thailand (+49.0%), 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 Finland (CIF) - 2022

The average import price for yachts and other vessels; for pleasure or sports, rowing boats and canoeses stood at $4,025 per unit in 2022, picking up by 65% against the previous year. In general, import price indicated resilient growth from 2012 to 2022: its price increased at an average annual rate of +6.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2016 an increase of 75%. Over the period under review, average import prices hit record highs in 2022 and is likely to see steady growth in years to come.

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 Poland ($16,997 per unit), while the price for Sri Lanka ($206 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+13.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Yachts and Other Vessels; for Pleasure or Sports, Rowing Boats and Canoes in Finland

In 2022, after three years of growth, there was significant decline in overseas shipments of yachts and other vessels; for pleasure or sports, rowing boats and canoeses, when their volume decreased by -27.4% to 9.9K units. In general, total exports indicated a perceptible expansion from 2019 to 2022: its volume increased at an average annual rate of +2.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when exports increased by 34%. As a result, the exports reached the peak of 14K units, and then declined dramatically in the following year.

In value terms, exports of yachts and other vessels; for pleasure or sports, rowing boats and canoeses dropped notably to $299M in 2022. Over the period under review, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 66%. As a result, the exports reached the peak of $486M, and then fell markedly in the following year.

Export of Yachts and Other Vessels; for Pleasure or Sports, Rowing Boats and Canoes in Finland (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Sweden67.185.411387.49.2%
Norway56.354.469.562.53.5%
United Kingdom41.844.018.225.0-15.7%
Switzerland10.65.19.119.823.2%
Germany13.018.216.519.614.7%
Belgium1.31.33.17.478.6%
Italy19.115.731.75.8-32.8%
Estonia3.64.55.53.2-3.9%
Netherlands4.15.02.82.9-10.9%
ThailandN/AN/AN/A2.90%
British Virgin Islands28.2N/A1031.4-63.2%
Russia10.412.118.80.6-61.4%
Others46.747.894.060.49.0%
Total302293486299-0.3%

Top Export Markets for Yachts and Other Vessels; for Pleasure or Sports, Rowing Boats and Canoes from Finland in 2022:

  1. Sweden (4005.0 units)
  2. Norway (2328.0 units)
  3. Thailand (894.0 units)
  4. Belgium (562.0 units)
  5. Germany (361.0 units)
  6. Estonia (271.0 units)
  7. United Kingdom (193.0 units)
  8. Switzerland (155.0 units)
  9. Netherlands (151.0 units)
  10. Italy (101.0 units)
  11. British Virgin Islands (32.0 units)
  12. Russia (28.0 units)

Imports of Yachts and Other Vessels; for Pleasure or Sports, Rowing Boats and Canoes in Finland

Imports of yachts and other vessels; for pleasure or sports, rowing boats and canoeses into Finland dropped dramatically to 20K units in 2022, declining by -49.7% compared with the previous year. Over the period under review, imports showed a deep slump. The most prominent rate of growth was recorded in 2021 when imports increased by 60% against the previous year. As a result, imports reached the peak of 40K units, and then declined markedly in the following year.

In value terms, imports of yachts and other vessels; for pleasure or sports, rowing boats and canoeses shrank significantly to $81M in 2022. The total import value increased at an average annual rate of +2.0% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 51% against the previous year. As a result, imports attained the peak of $98M, and then reduced notably in the following year.

Import of Yachts and Other Vessels; for Pleasure or Sports, Rowing Boats and Canoes in Finland (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Mexico45.630.856.541.6-3.0%
Poland8.913.013.215.119.3%
Sweden2.53.35.75.731.6%
China1.51.14.54.038.7%
United Kingdom1.63.82.53.529.8%
France3.61.21.41.4-27.0%
Netherlands0.60.81.01.329.4%
Russia2.10.92.51.3-14.8%
GermanyN/A1.81.41.2-18.4%
Canada0.30.30.30.410.1%
Estonia0.51.40.60.2-26.3%
Denmark1.00.10.20.2-41.5%
Sri LankaN/AN/AN/A0.10%
Others8.45.97.65.0-15.9%
Total76.564.497.581.22.0%

Top Suppliers of Yachts and Other Vessels; for Pleasure or Sports, Rowing Boats and Canoes to Finland in 2022:

  1. Mexico (8.4K units)
  2. Sweden (3.2K units)
  3. Denmark (0.9K units)
  4. Poland (0.9K units)
  5. Germany (0.9K units)
  6. China (0.9K units)
  7. Netherlands (0.8K units)
  8. Canada (0.6K units)
  9. United Kingdom (0.6K units)
  10. Sri Lanka (0.6K units)
  11. France (0.3K units)
  12. Russia (0.3K units)
  13. Estonia (0.1K units)

Source: IndexBox Market Intelligence Platform

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