Trade Trends
Global exports of spark-ignition outboard motors rose from $3.13B in 2019 to $4.26B in 2023, marking a strong 35.81% increase over the five-year period. The peak value was reached in 2022 at $4.48B, followed by a slight contraction in 2023.
This upward movement reflects growing global demand for recreational boating, marine tourism, and water-based mobility solutions. Technological upgrades, rising disposable incomes, and a surge in outdoor leisure activities have contributed to market expansion. USD$ trends suggest a resilient industry, with market shifts influenced by supply chain adjustments, production costs, and seasonal demand cycles.
Top Trading Countries
- Japan remained the leading exporter in 2023 with $2.68B, rising from $2.06B in 2019—an increase of 29.96%. Exports fell to $1.77B in 2024, a 33.95% decline from the previous year.
- United States exported $641.52M in 2023, up from $422.83M in 2019, reflecting a 51.72% increase. Exports dropped to $488.25M in 2024, down 23.89% from 2023.
- China posted strong growth with exports rising from $152.97M in 2019 to $260.65M in 2023, a 70.39% increase. The upward trend continued in 2024 with $275.85M, up 5.83%.
- Belgium reached $311.82M in 2023, growing from $184.07M in 2019 (69.4% rise). Exports declined to $256.83M in 2024, a 17.63% drop.
- Thailand saw exports decline from $82.56M in 2019 to $65.14M in 2023, down 21.1%. However, 2024 saw recovery to $72.83M, up 11.81%.
On the Rise
- France increased exports from $29.50M in 2019 to $31.42M in 2023, followed by a notable rise to $36.91M in 2024—showing 6.5% growth from 2019 to 2023 and 17.47% from 2023 to 2024.
- Finland posted significant expansion, growing from $2.05M in 2019 to $4.96M in 2023 (141.79% rise) and to $5.20M in 2024, a further 4.87% increase.
- Slovenia rose from $4.06M in 2019 to $6.71M in 2023 and $7.32M in 2024—an increase of 65.24% from 2019 to 2023 and 9.16% from 2023 to 2024.
- United Kingdom expanded exports from $3.27M in 2019 to $4.59M in 2023, and then to $5.27M in 2024—showing a 40.49% rise from 2019 to 2023 and a 14.78% increase in 2024.
- Australia grew from $2.20M in 2019 to $3.60M in 2023 and $3.74M in 2024—reflecting a 63.48% increase from 2019 to 2023 and a 4.0% rise from 2023 to 2024.
These emerging exporters show increasing capabilities and growing participation in the global outboard motor market.
Disclaimer
These insights are based on available trade data and may not represent the full market reality.
