Price for Yachts and Other Vessels; for Pleasure or Sports, Rowing Boats and Canoes in Bangladesh - 2022

Contents:

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

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

The average import price for yachts and other vessels; for pleasure or sports, rowing boats and canoeses stood at $10,278 per unit in 2022, dropping by -57.9% against the previous year. Over the period under review, the import price, however, recorded measured growth. The most prominent rate of growth was recorded in 2014 when the average import price increased by 88% against the previous year. Over the period under review, average import prices hit record highs at $35,843 per unit in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

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 Malaysia ($51,377 per unit), while the price for China ($4,344 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kuwait (+103.2%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average export price for yachts and other vessels; for pleasure or sports, rowing boats and canoeses stood at $5,927 per unit in 2022, surging by 138% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. Over the period under review, the average export prices hit record highs at $13,449 per unit in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($7,668 per unit), while the average price for exports to Finland ($5.2 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 France (+23.2%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, approx. 394 units of yachts and other vessels; for pleasure or sports, rowing boats and canoeses were imported into Bangladesh; with an increase of 65% compared with the previous year. Over the period under review, imports showed significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 155%. As a result, imports attained the peak of 431 units. From 2021 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of yachts and other vessels; for pleasure or sports, rowing boats and canoeses dropped notably to $4M in 2022. Overall, imports, however, continue to indicate a noticeable reduction. The pace of growth appeared the most rapid in 2020 when imports increased by 258%. As a result, imports reached the peak of $15M. From 2021 to 2022, the growth of imports of failed to regain momentum.

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

1. Singapore (336.0 units)
2. China (43.0 units)
3. Malaysia (9.0 units)

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

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 -46.3% to 22 units. In general, exports, however, enjoyed a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 583%. As a result, the exports reached the peak of 41 units, and then dropped markedly in the following year.

In value terms, exports of yachts and other vessels; for pleasure or sports, rowing boats and canoeses soared to $130K in 2022. Over the period under review, exports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 144%. The exports peaked in 2022 and are expected to retain growth in the near future.

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

1. Netherlands (17.0 units)
2. Finland (4.0 units)
3. Ireland (1.0 units)

Source: IndexBox Market Intelligence Platform