Eastern Asia: Outboard Boat Motors Market 2024

Outboard Boat Motors Market Size in Eastern Asia

The East Asian outboard boat motors market expanded significantly to $X in 2023, surging by X% against the previous year. In general, consumption recorded a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2021; however, from 2022 to 2023, consumption failed to regain momentum.

Outboard Boat Motors Production in Eastern Asia

In value terms, outboard boat motors production stood at $X in 2023 estimated in export price. Overall, production showed a slight downturn. The pace of growth appeared the most rapid in 2021 when the production volume increased by X%. Over the period under review, production reached the peak level at $X in 2013; however, from 2014 to 2023, production stood at a somewhat lower figure.

Outboard Boat Motors Exports

Exports in Eastern Asia

After three years of growth, shipments abroad of outboard motors for marine propulsion decreased by X% to X units in 2023. Total exports indicated tangible growth from 2012 to 2023: its volume 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, exports increased by X% against 2018 indices. The pace of growth was the most pronounced in 2018 when exports increased by X%. The volume of export peaked at X units in 2022, and then fell in the following year.

In value terms, outboard boat motors exports fell slightly to $X in 2023. Total exports indicated noticeable growth from 2012 to 2023: its value 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, exports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. The level of export peaked at $X in 2022, and then reduced modestly in the following year.

Exports by Country

Japan was the key exporting country with an export of around X units, which finished at X% of total exports. It was distantly followed by China (X units), mixing up a X% share of total exports.

From 2012 to 2023, the biggest increases were recorded for China (with a CAGR of X%).

In value terms, Japan ($X) remains the largest outboard boat motors supplier in Eastern Asia, comprising X% of total exports. The second position in the ranking was held by China ($X), with an X% share of total exports.

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

Export Prices by Country

In 2023, the export price in Eastern Asia amounted to $X per unit, increasing by X% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when the export price increased by X% against the previous year. The level of export peaked at $X per unit in 2017; however, from 2018 to 2023, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Japan ($X per unit), while China amounted to $X per unit.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Japan (X%).

Outboard Boat Motors Imports

Imports in Eastern Asia

In 2023, approx. X units of outboard motors for marine propulsion were imported in Eastern Asia; picking up by X% compared with the previous year. Total imports indicated pronounced growth from 2012 to 2023: its volume 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, imports increased by X% against 2019 indices. The pace of growth was the most pronounced in 2020 when imports increased by X%. The volume of import peaked in 2023 and is expected to retain growth in the immediate term.

In value terms, outboard boat motors imports rose sharply to $X in 2023. Overall, imports posted resilient growth. The pace of growth was the most pronounced in 2020 when imports increased by X%. As a result, imports attained the peak of $X. From 2021 to 2023, the growth of imports remained at a lower figure.

Imports by Country

China was the main importing country with an import of about X units, which recorded X% of total imports. South Korea (X units) took the second position in the ranking, distantly followed by Hong Kong SAR (X units). All these countries together took near X% share of total imports. The following importers - Taiwan (Chinese) (X units) and Japan (X units) - together made up X% of total imports.

China was also the fastest-growing in terms of the outboard motors for marine propulsion imports, with a CAGR of X% from 2012 to 2023. At the same time, South Korea (X%) displayed positive paces of growth. Taiwan (Chinese) experienced a relatively flat trend pattern. By contrast, Japan (X%) and Hong Kong SAR (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of China increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported outboard motors for marine propulsion in Eastern Asia, comprising X% of total imports. The second position in the ranking was taken by South Korea ($X), with a X% share of total imports. It was followed by Hong Kong SAR, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in China stood at X%. In the other countries, the average annual rates were as follows: South Korea (X% per year) and Hong Kong SAR (X% per year).

Import Prices by Country

The import price in Eastern Asia stood at $X per unit in 2023, with an increase of X% against the previous year. Import price indicated a buoyant increase 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, outboard boat motors import price decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. As a result, import price attained the peak level of $X per unit. From 2021 to 2023, the import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2023, major importing countries recorded the following prices: in China ($X per unit) and Taiwan (Chinese) ($X per unit), while South Korea ($X per unit) and Japan ($X per unit) were amongst the lowest.

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

Source: IndexBox Platform