Italy's import of pleasure boats and sporting boats has seen significant fluctuations from 2013 to 2023. Starting at 71.61 thousand items in 2013, it grew to 209.86 thousand items by 2023. Throughout this period, the year-on-year variation showcased some volatility, peaking in growth in particular years (e.g., 54.07% in 2018) and declining in others (e.g., -28.6% in 2017). In terms of compound annual growth rate (CAGR), notable peaks include 40.45% in 2015 and a more stable increase to 13.5% by 2022.
Projected data from 2024 to 2028 suggest a steady increase, with an overall forecasted growth rate of 23.12% and a 5-year CAGR of 4.25%. By 2028, imports are expected to reach 274.66 thousand items, indicating continuous growth albeit at a moderated rate.
Future trends to watch for include:
- Technological advancements in boat manufacturing.
- Shifts in consumer preference towards eco-friendly and sustainable options.
- Economic factors affecting disposable income and luxury spending.
- Global trade policies and their impact on import regulations.
