Balearic Islands cements its lead in the Spanish boat market to date this year

Balearic Islands cements its lead in the Spanish boat market to date this year
The Balearic boat market accounts for 19.1% of registrations recorded in the whole country

Between January and October 2022, the Balearic boat market has recorded a year-on-year decline of 5.1% in recreational boat registrations, totaling at 1,041 units. This decline, however, contrasts with that recorded country-wide, where the fall was 16.2%, according to data collected in the "Recreational Boat Market Report, January-October, 2022", edited by ANEN from data provided by the Directorate General of Merchant Marine.

The Balearic Islands continues to strengthen its lead in the Spanish boat market, accounting for 19.1% of all registrations, compared to 16.9% a year ago. The archipelago is the province with the largest market share in this area, followed by Barcelona, with 10.8%, and Girona, with 7.1%.

"Following the predictions of previous months, the boat market maintains the 16% drop in the accumulated registrations to date, improving by one point the figure for the previous period (January-September). This situation of stability gives some margin to the sector to deal with the effects of the supply crisis that affects to a major degree the segment of small boats and jet skis," analyzes Carlos Sanlorenzo, secretary general of ANEN.

Year-to-date, Catalonia and the Balearic Islands remain as the Autonomous Communities with the highest nautical activity, with market shares of 20.3% and 19.1%, respectively.

Regarding charter, the Balearic Islands continue to lead this market with a share of 32%, after recording a growth in charter registrations by 28.9%. It is also worth mentioning the increase in charter yacht registrations in the coastal areas of Ceuta, Cadiz, Las Palmas, Tarragona and Cantabria.

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