Balearic nautical market grows slightly towards the end of the year

So far this year, 1,059 recreational boats have been registered in the Balearic Islands, a figure almost identical to exactly one year ago when 1,056 registrations were recorded. The year-on-year increase, therefore, stands at a slight 0.28%, according to data from the "Recreational Boat Market Report. January-November 2023," published by ANEN and based on information provided by the General Directorate of Merchant Marine.

According to the report, the Balearic Islands account for 18.12% of the 5,844 boats registered so far this year in Spain, representing a 3.6% increase compared to January-November 2022.

The islands thus maintains its national leadership by provinces, followed by Barcelona with 10.56%, and Madrid with 7.10%. In terms of autonomous communities, Catalonia continues to dominate the nautical market with a 19% share, while the Balearic Islands, by a narrow margin, rank as the second autonomous community with the most impact on the nautical market.

According to the study, 65% (3,808) of the total registrations accounted for in Spain correspond to privately used boats, and 35% (2,036) to boats intended for rental.

“The national nautical market maintains the stability of previous months with registrations focused on small boats and jet skis. In this scenario, from the association, we are attentive to the market's behavior. This is also true in the European context, where the situation is similar, and due to the impact of economic uncertainty, sales are concentrated on small and medium-sized boats," says Jordi Carrasco, General Director of ANEN.