Middle East: Sailboat Market 2024

Sailboat Market Size in the Middle East

The Middle Eastern sailboat market totaled $X in 2023, increasing by X% against the previous year. Over the period under review, consumption recorded a slight curtailment. As a result, consumption reached the peak level of $X. From 2018 to 2023, the growth of the market remained at a somewhat lower figure.

Sailboat Production in the Middle East

In value terms, sailboat production rose slightly to $X in 2023 estimated in export price. Overall, production enjoyed a notable expansion. The pace of growth was the most pronounced in 2017 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2021; however, from 2022 to 2023, production failed to regain momentum.

Sailboat Exports

Exports in the Middle East

In 2023, overseas shipments of sailboats for pleasure or sports, with or without auxiliary motor decreased by X% to X units for the first time since 2020, thus ending a two-year rising trend. Over the period under review, exports showed a perceptible descent. The most prominent rate of growth was recorded in 2017 with an increase of X%. As a result, the exports attained the peak of X units. From 2018 to 2023, the growth of the exports remained at a somewhat lower figure.

In value terms, sailboat exports fell to $X in 2023. In general, exports saw a abrupt descent. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2023, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X units) and Oman (X units) prevails in exports structure, together mixing up X% of total exports. The following exporters - Bahrain (X units) and Kuwait (X units) - each resulted at a X% share of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by the United Arab Emirates (with a CAGR of X%), while the other leaders experienced mixed trends in the exports figures.

In value terms, the largest sailboat supplying countries in the Middle East were the United Arab Emirates ($X), Oman ($X) and Kuwait ($X), together accounting for X% of total exports.

The United Arab Emirates, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the export price in the Middle East amounted to $X per unit, picking up by X% against the previous year. In general, the export price, however, recorded a deep setback. The most prominent rate of growth was recorded in 2018 when the export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2019 to 2023, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per unit), while Bahrain ($X per unit) was amongst the lowest.

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

Sailboat Imports

Imports in the Middle East

In 2023, purchases abroad of sailboats for pleasure or sports, with or without auxiliary motor decreased by X% to X units, falling for the second consecutive year after three years of growth. Over the period under review, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when imports increased by X% against the previous year. As a result, imports reached the peak of X units. From 2018 to 2023, the growth of imports failed to regain momentum.

In value terms, sailboat imports skyrocketed to $X in 2023. In general, imports saw a noticeable reduction. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2018 to 2023, the growth of imports failed to regain momentum.

Imports by Country

The United Arab Emirates prevails in imports structure, amounting to X units, which was approx. X% of total imports in 2023. It was distantly followed by Kuwait (X units), committing a X% share of total imports. Oman (X units) and Lebanon (X units) took a little share of total imports.

The United Arab Emirates was also the fastest-growing in terms of the sailboats for pleasure or sports, with or without auxiliary motor imports, with a CAGR of X% from 2012 to 2023. Lebanon (X%), Kuwait (X%) and Oman (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of the United Arab Emirates increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported sailboats for pleasure or sports, with or without auxiliary motor in the Middle East, comprising X% of total imports. The second position in the ranking was taken by Lebanon ($X), with an X% share of total imports. It was followed by Oman, with a X% share.

In the United Arab Emirates, 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: Lebanon (X% per year) and Oman (X% per year).

Import Prices by Country

In 2023, the import price in the Middle East amounted to $X per unit, rising by X% against the previous year. Over the period under review, the import price, however, continues to indicate a noticeable slump. The most prominent rate of growth was recorded in 2017 when the import price increased by X%. The level of import peaked at $X per unit in 2018; however, from 2019 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 Lebanon ($X per unit), while Kuwait ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Lebanon (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform