Price for Yachts and Other Vessels; for Pleasure or Sports, Rowing Boats and Canoes in Hong Kong SAR - 2023
Contents:
- Price for Yachts and Other Vessels; for Pleasure or Sports, Rowing Boats and Canoes in Hong Kong SAR (CIF) - 2022
- Price for Yachts and Other Vessels; for Pleasure or Sports, Rowing Boats and Canoes in Hong Kong SAR (FOB) - 2022
- Imports of Yachts and Other Vessels; for Pleasure or Sports, Rowing Boats and Canoes in Hong Kong SAR
- Exports of Yachts and Other Vessels; for Pleasure or Sports, Rowing Boats and Canoes in Hong Kong SAR
Price for Yachts and Other Vessels; for Pleasure or Sports, Rowing Boats and Canoes in Hong Kong SAR (CIF) - 2022
In 2022, the average import price for yachts and other vessels; for pleasure or sports, rowing boats and canoeses amounted to $64,314 per unit, falling by -50.1% against the previous year. Over the period under review, the import price, however, continues to indicate a measured increase. The pace of growth was the most pronounced in 2019 an increase of 66%. The import price peaked at $128,887 per unit in 2021, and then fell markedly in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($248,866 per unit), while the price for China ($18,010 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+18.1%), 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 Hong Kong SAR (FOB) - 2022
In 2022, the average export price for yachts and other vessels; for pleasure or sports, rowing boats and canoeses amounted to $36,771 per unit, growing by 99% against the previous year. Over the period under review, the export price recorded a temperate expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Singapore ($350,178 per unit), while the average price for exports to France ($8,041 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 Italy (+76.7%), 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 Hong Kong SAR
In 2022, after two years of decline, there was significant growth in supplies from abroad of yachts and other vessels; for pleasure or sports, rowing boats and canoeses, when their volume increased by 31% to 4.2K units. The total import volume increased at an average annual rate of +3.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of yachts and other vessels; for pleasure or sports, rowing boats and canoeses fell markedly to $272M in 2022. In general, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +8.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by 42%. As a result, imports attained the peak of $416M, and then contracted sharply in the following year.
| Import of Yachts and Other Vessels; for Pleasure or Sports, Rowing Boats and Canoes in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 120 | 142 | 228 | 93.1 | -8.1% |
| China | 22.8 | 23.0 | 19.2 | 46.2 | 26.5% |
| United States | 7.5 | 19.3 | 57.5 | 16.4 | 29.8% |
| Thailand | 0.5 | 10.2 | 1.6 | 6.0 | 128.9% |
| Poland | 4.5 | 1.3 | 5.7 | 5.8 | 8.8% |
| Japan | 0.3 | 0.6 | 1.5 | 2.3 | 97.2% |
| Mexico | 1.0 | 0.4 | 1.2 | 1.7 | 19.3% |
| Others | 59.5 | 95.6 | 101 | 100 | 18.9% |
| Total | 216 | 292 | 416 | 272 | 8.0% |
Top Suppliers of Yachts and Other Vessels; for Pleasure or Sports, Rowing Boats and Canoes to Hong Kong SAR in 2022:
- China (2565.0 units)
- Italy (563.0 units)
- United States (439.0 units)
- Poland (128.0 units)
- Thailand (96.0 units)
- Mexico (86.0 units)
- Japan (80.0 units)
Exports of Yachts and Other Vessels; for Pleasure or Sports, Rowing Boats and Canoes in Hong Kong SAR
In 2022, overseas shipments of yachts and other vessels; for pleasure or sports, rowing boats and canoeses were finally on the rise to reach 1.2K units for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, saw a deep slump. Over the period under review, the exports of hit record highs at 1.6K units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, exports of yachts and other vessels; for pleasure or sports, rowing boats and canoeses surged to $44M in 2022. Overall, exports enjoyed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Yachts and Other Vessels; for Pleasure or Sports, Rowing Boats and Canoes in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | N/A | N/A | 1.3 | 30.0 | 2207.7% |
| China | 0.8 | 0.7 | 0.7 | 4.0 | 71.0% |
| Singapore | 1.6 | 4.0 | 1.2 | 1.8 | 4.0% |
| United Kingdom | N/A | 0.1 | 0.3 | 1.5 | 287.3% |
| Turkey | N/A | 1.6 | N/A | 1.4 | -6.5% |
| Australia | 0.2 | 1.5 | N/A | 1.3 | 86.6% |
| Japan | 3.2 | 1.1 | 0.1 | 0.9 | -34.5% |
| Spain | N/A | 0.2 | N/A | 0.8 | 100.0% |
| Thailand | 3.6 | 1.9 | 0.1 | 0.7 | -42.1% |
| United Arab Emirates | 0.1 | 0.3 | 0.3 | 0.3 | 44.2% |
| Germany | 0.4 | N/A | N/A | 0.1 | -37.0% |
| Macao SAR | N/A | 0.3 | 2.4 | N/A | 700.0% |
| United States | 8.2 | 9.2 | 2.9 | N/A | -40.5% |
| Others | 2.4 | 0.6 | 2.3 | 1.2 | -20.6% |
| Total | 20.7 | 21.6 | 11.6 | 44.0 | 28.6% |
Top Export Markets for Yachts and Other Vessels; for Pleasure or Sports, Rowing Boats and Canoes from Hong Kong SAR in 2022:
- Italy (785.0 units)
- Thailand (78.0 units)
- Australia (71.0 units)
- United Kingdom (69.0 units)
- China (63.0 units)
- United Arab Emirates (27.0 units)
- Spain (26.0 units)
- Germany (22.0 units)
- Turkey (12.0 units)
- Japan (9.0 units)
- Singapore (5.0 units)
- United States (1.0 units)
- Macao SAR (1.0 units)
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