Friday, January 10, 2014

Balearic Islands has the largest share in the recreational yacht market

Balearic Islands is the Autonomic Community with the largest representation on the recreational yacht market with a 12,35% of the total, ahead of Barcelona (9,64%) and Madrid (7%).

However, these three main national markets all experienced a fall when it comes to the number of yacht registrations: -17% in the Balearics (482 vessels), -44,2 in Barcelona (376 vessels) and -5,86% in Madrid (273 vessels).

The sector of the recreational yacht market in Spain falls for the sixth consecutive year in 2013, with a decrease of 19,46 percent in yacht registrations in 2013, a fall marked by the bad results of the first half of the year (-28%). This tendency was inverted in the last quarter of the year with a rise of 2,7%.

The information compiled the Recreational Yacht Report in Spain, edited by the National Association of Nautical Enterprises (ANEN) on the basis of the data collected by the Direction General of the Merchant Navy and published this Thursday, points towards a stabilization of the market.


The increase by 16% of the number of registrations experienced in October, the first sign of growth since the start of the crisis, marks a turning point in the downward tendency of the nautical sector, according to the association.

Between January and December 2013, in Spain a total of 3.902 recreational vessels were registered, compared to the 4.845 the previous year, a decline that slowed down during the last quarter of the year, after a fall by 28% during the first half of the year.

December, normally not a very productive month in the sector, confirms this situation with slight fall of 4,5% in the registrations, compared to December 2012.

When it comes to charter, also the registrations of recreational vessels destined to charter slow down their fall in the last quarter of the year, with 29 registrations between September and December, compared to 18 in the same period in 2012. The total of the year fell by 15% to 238 vessels, not including the smaller sizes.

By the type of boats, inflatable ribs show the smallest fall (-3,3%) in 2013 compared to the previous year, followed by motor boats (-16,7%), jet skis (-22,5%), semirigid inflatable ribs (-30,6%) and sailing boats (-34,2%).

The motor boats represent the biggest market share with 47,2 per cent of the market in 2013, while the inflatable ribs rise to second place with a 17,9 per cent market share (three point more than last year). In third place are the semirigid ribs, with a 17,4 per cent market share, followed by jet skis which maintain practically the same position with a market share of 11,7 per cent. The sailing boats lose 1,3 points and are left with a market share of 5,8 per cent.

THE BIGGER THE BOAT, THE WORSE THE SITUATION

By length, the boats less than 8 m fell by 17,82 per cent en comparación con 2012, although they continue their dominance with a market share of 90,5 per cent, and are certainly the category that least suffers. The boats between 8 to 12 m experienced the biggest fall (35,17 per cent) while the boats bigger than 12 m fell by 23,4 per cent.

The boats that reported the biggest decline were the sizes between 12 and 16 m, with a fall of 25,25 per cent in registrations, and with a market share of only 2 per cent. The sizes over 16 m, with a fall by 28,6 per cent, represent a meager 0,62 per cent market share, despite being the ones with most potential to create employment and consumption in the nautical sector.

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