Balearics at the top in the recreational yacht market

By regions Balearic Islands are ranked at the top in the recreational yacht market, with the largest market share (11,35%) at the national level, according to the information released by the Directorate General of the Merchant Navy, and analyzed by the Spanish Nautical Trade Association (ANEN).

In the second position after the Balearics come Barcelona, with a market share of 9,18%, in the third place Cádiz with 9,08%.

At the national level, a total of 1.057 vessel have been registered in Spain during during the first four months of the year, indicating a growth by 11,85% compared to the same period last year, when 945 vessels were registered.

In April, 397 recreational vessels were matriculated, 23,68% more than April 2013, when 321 vessels were registered. This is the most positive growth figure since the middle of 2008.

In October 2013, the registrations of this type of boats  grew by 16%, the first growth since the start of the crisis. This tendency is strengthening, which points out to a consolidation of this market during 2014.

The charter market has recovered by 108% during the first four months of the year, with 71 vessels registered (including jet skis) compared to the same period in 2013, when 34 charter vessels were registered for charter. In April, 29 recreational charter vessels were registered, which is 70,59% more than in April 2013.

SIZE AND TYPE

By length, the registration of vessels between eight and twelve meters grew by 21,13% from January to April, with 8 registrations. Those between 12 and 16 meters increased by 40,91%, and the lengths up to 8 meters - the most popular with a market share of 88,17% - grew by 10% until April. The registrations for  lengths above 16 meters grew by 60% during the first four months of the year.

When it comes to the type of the boat, the registrations of jet skis increase by +56,58%, followed  by the semirigid inflatables (+32,88%), sailing yachts (+19,18%) and motor yachts (19,18%). Only the inflatable tenders experienced a drop (-4,14%).

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