Southern Asia: Outboard Boat Motors Market 2024

Outboard Boat Motors Market Size in Southern Asia

The South Asian outboard boat motors market rose slightly to $X in 2023, growing by X% against the previous year. In general, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2019 to 2023, the growth of the market remained at a lower figure.

Outboard Boat Motors Production in Southern Asia

In value terms, outboard boat motors production expanded modestly to $X in 2023 estimated in export price. Over the period under review, production, however, recorded a abrupt descent. The most prominent rate of growth was recorded in 2021 when the production volume increased by X%. The level of production peaked at $X in 2012; however, from 2013 to 2023, production remained at a lower figure.

Outboard Boat Motors Exports

Exports in Southern Asia

Outboard boat motors exports soared to X units in 2023, surging by X% against 2022 figures. Over the period under review, exports saw significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, outboard boat motors exports soared to $X in 2023. In general, exports posted a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2023, Pakistan (X units) represented the main exporter of outboard motors for marine propulsion in Southern Asia, comprising X% of total export.

Pakistan was also the fastest-growing in terms of the outboard motors for marine propulsion exports, with a CAGR of X% from 2012 to 2023. While the share of Pakistan (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Pakistan ($X) also remains the largest outboard boat motors supplier in Southern Asia.

In Pakistan, outboard boat motors exports expanded at an average annual rate of X% over the period from 2012-2023.

Export Prices by Country

The export price in Southern Asia stood at $X per unit in 2023, growing by X% against the previous year. In general, the export price posted perceptible growth. The most prominent rate of growth was recorded in 2016 when the export price increased by X%. The level of export peaked at $X per unit in 2020; however, from 2021 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 Pakistan.

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

Outboard Boat Motors Imports

Imports in Southern Asia

Outboard boat motors imports soared to X units in 2023, surging by X% on 2022 figures. Total imports indicated prominent growth from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports decreased by X% against 2021 indices. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, imports reached the peak of X units. From 2022 to 2023, the growth of imports remained at a lower figure.

In value terms, outboard boat motors imports rose notably to $X in 2023. Total imports indicated notable 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, imports decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, imports reached the peak of $X. From 2022 to 2023, the growth of imports remained at a somewhat lower figure.

Imports by Country

India was the main importer of outboard motors for marine propulsion in Southern Asia, with the volume of imports resulting at X units, which was near X% of total imports in 2023. Maldives (X units) took the second position in the ranking, followed by Sri Lanka (X units). All these countries together took near X% share of total imports. The following importers - Pakistan (X units) and Bangladesh (X units) - together made up X% of total imports.

From 2012 to 2023, average annual rates of growth with regard to outboard boat motors imports into India stood at X%. At the same time, Maldives (X%) and Bangladesh (X%) displayed positive paces of growth. Moreover, Maldives emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of X% from 2012-2023. By contrast, Sri Lanka (X%) and Pakistan (X%) illustrated a downward trend over the same period. While the share of India (X p.p.) and Maldives (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Pakistan (X p.p.) and Sri Lanka (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest outboard boat motors importing markets in Southern Asia were India ($X), Maldives ($X) and Sri Lanka ($X), together comprising X% of total imports.

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

Import Prices by Country

The import price in Southern Asia stood at $X per unit in 2023, dropping by X% against the previous year. Over the period under review, the import price showed a noticeable decline. The growth pace was the most rapid in 2016 when the import price increased by X%. Over the period under review, import prices reached the peak figure at $X per unit in 2012; however, from 2013 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 Maldives ($X per unit), while India ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform