From 2013 to 2017, the UAE experienced an overall growth in the import of motorboats, other than outboard motorboats, peaking in 2017. However, from 2018 onwards, imports declined sharply, reflecting fluctuating economic conditions and possibly changing market dynamics. Notably, imports stood at 43.487 million US dollars in 2023.
Over the past two years, the import value showed a decrease: -4.06% in 2022 and -4.15% in 2023. The five-year CAGR preceding 2023 was 2.51%, indicating a slight upward trend until recent declines. Projects to 2028 forecast a CAGR of -4.07%, suggesting a continued downward trend with an 18.76% decrease over five years.
Future trends to watch for include changes in consumer preferences, advancements in motorboat technology, economic shifts, and potential policy changes affecting marine imports. Monitoring these factors will be critical for forecasting and adapting to market demands.
