Price for Yachts and Other Vessels; for Pleasure or Sports, Rowing Boats and Canoes in Turkey - 2024

Contents:

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

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

In 2022, the average export price for yachts and other vessels; for pleasure or sports, rowing boats and canoeses amounted to $103,737 per unit, increasing by 27% against the previous year. Overall, the export price, however, showed a abrupt downturn. Over the period under review, the average export prices reached the peak figure at $207,322 per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($273,314 per unit), while the average price for exports to Iraq ($3,080 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 Cayman Islands (+5.4%), while the prices for the other major destinations experienced a decline.

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

In 2022, the average import price for yachts and other vessels; for pleasure or sports, rowing boats and canoeses amounted to $4,648 per unit, waning by -40.9% against the previous year. Over the period under review, the import price, however, saw prominent growth. The growth pace was the most rapid in 2017 an increase of 171% against the previous year. The import price peaked at $7,919 per unit in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

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 France ($11,586 per unit), while the price for Ukraine ($305 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+18.7%), while the prices for the other major suppliers experienced more modest paces of growth.

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

Exports of yachts and other vessels; for pleasure or sports, rowing boats and canoeses from Turkey contracted to 4.1K units in 2022, waning by -2.9% against the year before. Overall, exports, however, enjoyed a significant expansion. The pace of growth was the most pronounced in 2021 when exports increased by 249% against the previous year. As a result, the exports attained the peak of 4.3K units, and then fell in the following year.

In value terms, exports of yachts and other vessels; for pleasure or sports, rowing boats and canoeses soared to $429M in 2022. Over the period under review, exports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 87%. The exports peaked in 2022 and are likely to continue growth in the near future.

Export of Yachts and Other Vessels; for Pleasure or Sports, Rowing Boats and Canoes in Turkey (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Cayman Islands19.0N/A14489.967.9%
United States27.639.454.787.546.9%
Marshall Islands24.454.011.042.019.8%
Greece15.53.54.727.721.4%
British Virgin Islands21.78.12.622.51.2%
Italy14.15.78.620.713.7%
LuxembourgN/AN/A1.58.4460.0%
Croatia2.71.50.47.238.7%
Netherlands2.15.28.04.629.9%
Germany1.11.42.52.429.7%
Bulgaria0.30.19.72.397.2%
Georgia0.10.3N/A0.681.7%
Iraq0.20.20.30.314.5%
Others10966.299.51131.2%
Total23818534742921.7%

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

  1. Marshall Islands (1004.0 units)
  2. Cayman Islands (432.0 units)
  3. United States (320.0 units)
  4. Bulgaria (200.0 units)
  5. Netherlands (171.0 units)
  6. Georgia (170.0 units)
  7. Italy (147.0 units)
  8. Greece (125.0 units)
  9. Luxembourg (124.0 units)
  10. British Virgin Islands (116.0 units)
  11. Germany (98.0 units)
  12. Croatia (97.0 units)
  13. Iraq (96.0 units)

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

In 2022, the amount of yachts and other vessels; for pleasure or sports, rowing boats and canoeses imported into Turkey shrank sharply to 50K units, waning by -15.7% against 2021. In general, total imports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +9.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +40.1% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 66% against the previous year. As a result, imports reached the peak of 59K units, and then shrank notably in the following year.

In value terms, imports of yachts and other vessels; for pleasure or sports, rowing boats and canoeses dropped notably to $232M in 2022. Over the period under review, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 65%. As a result, imports reached the peak of $466M, and then contracted remarkably in the following year.

Import of Yachts and Other Vessels; for Pleasure or Sports, Rowing Boats and Canoes in Turkey (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
France55.589.414363.24.4%
Italy89.075.614360.3-12.2%
Poland4.816.526.632.388.8%
Germany22.325.736.421.0-2.0%
United States29.518.822.215.9-18.6%
Tunisia1.32.68.97.780.9%
United Kingdom15.321.628.95.4-29.3%
China1.71.66.65.144.2%
Mexico1.01.41.12.128.1%
Ukraine1.32.13.21.54.9%
Netherlands1.13.52.00.3-35.2%
Others13.223.543.717.39.4%
Total236282466232-0.6%

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

  1. Poland (6.6K units)
  2. Italy (6.2K units)
  3. France (5.5K units)
  4. Ukraine (5.0K units)
  5. Germany (4.0K units)
  6. China (4.0K units)
  7. Mexico (3.9K units)
  8. United States (3.6K units)
  9. Tunisia (2.8K units)
  10. United Kingdom (1.4K units)
  11. Netherlands (0.3K units)

Source: IndexBox Market Intelligence Platform

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