Latin America and the Caribbean: Sailboat Market 2024

Sailboat Market Size in Latin America and the Caribbean

The Latin American sailboat market was estimated at $X in 2023, approximately equating the previous year. In general, consumption posted buoyant growth. The level of consumption peaked at $X in 2016; however, from 2017 to 2023, consumption remained at a lower figure.

Sailboat Production in Latin America and the Caribbean

In value terms, sailboat production totaled $X in 2023 estimated in export price. Over the period under review, production continues to indicate a buoyant expansion. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. The level of production peaked in 2023 and is likely to see steady growth in the immediate term.

Sailboat Exports

Exports in Latin America and the Caribbean

In 2023, shipments abroad of sailboats for pleasure or sports, with or without auxiliary motor increased by X% to X units, rising for the fifth consecutive year after three years of decline. Over the period under review, exports posted mild growth. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. As a result, the exports attained the peak of X units. From 2016 to 2023, the growth of the exports remained at a lower figure.

In value terms, sailboat exports skyrocketed to $X in 2023. Overall, exports showed a strong increase. The most prominent rate of growth was recorded in 2019 when exports increased by X% against the previous year. The level of export peaked at $X in 2021; however, from 2022 to 2023, the exports failed to regain momentum.

Exports by Country

British Virgin Islands (X units) and Bahamas (X units) prevails in exports structure, together generating X% of total exports. It was distantly followed by the Dominican Republic (X units), generating an X% share of total exports. The following exporters - Argentina (X units) and Cayman Islands (X units) - together made up X% of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by the Dominican Republic (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, British Virgin Islands ($X) remains the largest sailboat supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was taken by Bahamas ($X), with a X% share of total exports. It was followed by Cayman Islands, with a X% share.

From 2012 to 2023, the average annual growth rate of value in British Virgin Islands totaled X%. In the other countries, the average annual rates were as follows: Bahamas (X% per year) and Cayman Islands (X% per year).

Export Prices by Country

In 2023, the export price in Latin America and the Caribbean amounted to $X per unit, with a decrease of X% against the previous year. In general, the export price, however, posted temperate growth. The growth pace was the most rapid in 2013 an increase of X% against the previous year. Over the period under review, the export prices hit record highs at $X per unit in 2021; however, from 2022 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 British Virgin Islands ($X per unit), while the Dominican Republic ($X per unit) was amongst the lowest.

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

Sailboat Imports

Imports in Latin America and the Caribbean

Sailboat imports expanded significantly to X units in 2023, growing by X% compared with the year before. In general, imports showed a slight expansion. The pace of growth was the most pronounced in 2021 when imports increased by X%. As a result, imports attained the peak of X units. From 2022 to 2023, the growth of imports remained at a lower figure.

In value terms, sailboat imports reached $X in 2023. Over the period under review, imports, however, saw a mild contraction. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. The level of import peaked at $X in 2019; however, from 2020 to 2023, imports remained at a lower figure.

Imports by Country

In 2023, British Virgin Islands (X units) was the largest importer of sailboats for pleasure or sports, with or without auxiliary motor, achieving X% of total imports. It was distantly followed by Bahamas (X units), comprising a X% share of total imports. Saint Maarten (Dutch part) (X units) held a minor share of total imports.

Imports into British Virgin Islands increased at an average annual rate of X% from 2012 to 2023. At the same time, Saint Maarten (Dutch part) (X%) and Bahamas (X%) displayed positive paces of growth. Moreover, Saint Maarten (Dutch part) emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of X% from 2012-2023. From 2012 to 2023, the share of Bahamas, British Virgin Islands and Saint Maarten (Dutch part) increased by X, X and X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, British Virgin Islands ($X) constitutes the largest market for imported sailboats for pleasure or sports, with or without auxiliary motor in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was held by Bahamas ($X), with a X% share of total imports.

In British Virgin Islands, sailboat imports increased at an average annual rate of X% over the period from 2012-2023. The remaining importing countries recorded the following average annual rates of imports growth: Bahamas (X% per year) and Saint Maarten (Dutch part) (X% per year).

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per unit in 2023, with a decrease of X% against the previous year. Overall, the import price saw a pronounced setback. The most prominent rate of growth was recorded in 2018 an increase of X%. As a result, import price attained the peak level of $X per unit. From 2019 to 2023, the import prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Saint Maarten (Dutch part) ($X per unit), while Bahamas ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by British Virgin Islands (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform