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

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.