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Netherlands dominant in super-yacht sector

August 6, 2013 by robert in Featured, NL Excel with 0 Comments

AMSTERDAM  _ The Netherlands retained a dominant position in the super-yacht industry in 2012. It was by far Nr. 1 in terms of the value of new yachts delivered and 2nd in terms of their total length. Data compiled by Camper Nicholson International and Super-yacht Times showed the 20 yachts built last year by Dutch yards had a combined value of €936 million for a 26.82% market share. The average value of Dutch-made super-yachts last year was almost €50 million.

In value terms, Germany came 2nd in 2012 with super-yacht sales totaling € 710 million, followed by Italy (€672,5 million), Britain (€ 316 million) and the United States (€ 277 million). These figures hide the impact  contracting economies, especially in Europe, have had on the super-yacht industry. In overall value terms and average yacht size, the numbers are down from the recent boom years. A decade ago, worldwide sales of new-built super-yachts numbered about 250. That has since shrunk to between 150 and 170.

Italy has long dominated the super-yacht sector. However, in terms of length of yachts, its 2012 market share of 26%, was well down from 41% only 5 or 6 years ago. This year will see the delivery of the world’s largest motor yacht, the 180m Azzam. “There will be many more follow this year,” concludes the 2013 super-yacht index. It says “2013 got off to a positive start. The first six months … have seen approximately 200 yacht sales (new and used), 37% up on the first half of 2012, with an asking price value exceeding USD 1.1 billion.”  Yachts of 100m and more may be awe-inspiring, the super-yacht index cautions that “if there is an upturn, hopefully it will not be solely in terms of value, but also in the volume of yachts sold.”

While the US is home to the most mega-millionaires, they are not buying 100m yachts. “These remain the preserve of Russian and Mideast clients,” says the super-yacht index. “China remains a target market for the yacht industry, as does Latin America, Brazil and Indonesia.” The index sees Latin America “in particular as a promising new market” as Latin Americans “are culturally more inclined toward sun and yachting than the Chinese. These emerging economies are fueling the brokerage industry with optimism.”

Motor yachts remain more popular than sailing yachts. Of the 169 super-yachts delivered in 2012, 145 were motor yachts (85.8%) and only 24 were sailing yachts.

http://www.camperandnicholsons.com/about/the-superyachting-index.htm

 

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