Market research

Pleasure and sports vessels market in Hungary

Release date: Mar 30, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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Earlier Report Observations

The Hungarian pleasure and sports vessels market more than doubled from 2018 to 2019, rising from $3.8 million to $9.2 million. This surge coincided with an upturn in the international boating market, which attracted new customers and expanded the electric boat segment locally. Additionally, buyers rushed to purchase vessels before the introduction of a 25% punitive tariff, boosting imports from European wholesalers.

In the following years, technological trends shaped the market. Demand shifted towards electric boats and larger sailing yachts, supported by battery advancements like the marine-adapted version of the BMW i3 battery. By 2022, however, overcapacity began to emerge as new builds outpaced demand growth, potentially pressuring prices and charter rates. A record number of new boats entered the market in 2023, further amplifying supply.

By 2024, the market stabilized at around $9.3 million. Focus turned to sustainability, with growing demand for eco-friendly equipment such as solar panels, watermakers, and wind turbines to make vessels more self-sufficient. In the charter segment, established brands like Bavaria remained dominant, with models such as the Sun Odyssey popular for their balance of speed and comfort.

Table of content

1. Disclaimer
2. Terms of use of the report
3. Product codes in the statistical classifications used in the report
4. Key Market Indicators
1. 4.1. In value
  1. 4.1.1. Production, 2018-2019, 2024
  2. 4.1.2. Imports, 2018-2025
  3. 4.1.3. Exports, 2018-2025
  4. 4.1.4. Market size, 2018-2019, 2024
5. Production
1. 5.1. Production in Hungary
  1. 5.1.1. In kind, 2018-2019, 2024, unit
  2. 5.1.2. In value, 2018-2019, 2024, K $ US
2. 5.2. Production in the EU, 2018-2024
  1. 5.2.1. In kind, 2018-2024, unit
  2. 5.2.2. In value, 2018-2024, K $ US
6. Exports
1. 6.1. Exports (Direct Data)
  1. 6.1.1. Exports - Total information
  2. 6.1.2. Exports in kind, unit
    1. 6.1.2.1. Annual dynamics of product's exports from Hungary in kind, 2018-2025, unit
    2. 6.1.2.2. Dynamics of product's exports in kind from Hungary by countries, 2018-2025, unit
    3. 6.1.2.3. Structure of product's exports in kind by countries, 2018-2025
  3. 6.1.3. Exports in value, K $ US
    1. 6.1.3.1. Annual dynamics of product's exports from Hungary in value, 2018-2025, K $ US
    2. 6.1.3.2. Dynamics of product's exports in value from Hungary by countries, 2018-2025, K $ US
    3. 6.1.3.3. Structure of product's exports in value by countries, 2018-2025
  4. 6.1.4. Average price of product's exports, $ US/unit
    1. 6.1.4.1. Annual dynamics of average price of product's exports from Hungary, 2018-2025, $ US/unit
    2. 6.1.4.2. Dynamics of average price of product's exports from Hungary by countries, 2018-2025, $ US/unit
2. 6.2. Exports (Mirror Data)
  1. 6.2.1. Exports - Total information
  2. 6.2.2. Exports in kind, unit
    1. 6.2.2.1. Annual dynamics of product's exports from Hungary in kind, 2018-2025, unit
    2. 6.2.2.2. Dynamics of product's exports in kind from Hungary by countries, 2018-2025, unit
    3. 6.2.2.3. Structure of product's exports in kind by countries, 2018-2025
  3. 6.2.3. Exports in value, K $ US
    1. 6.2.3.1. Annual dynamics of product's exports from Hungary in value, 2018-2025, K $ US
    2. 6.2.3.2. Dynamics of product's exports in value from Hungary by countries, 2018-2025, K $ US
    3. 6.2.3.3. Structure of product's exports in value by countries, 2018-2025
  4. 6.2.4. Average price of product's exports, $ US/unit
    1. 6.2.4.1. Annual dynamics of average price of product's exports from Hungary, 2018-2025, $ US/unit
    2. 6.2.4.2. Dynamics of average price of product's exports from Hungary by countries, 2018-2025, $ US/unit
7. Imports
1. 7.1. Imports (Direct Data)
  1. 7.1.1. Imports - Total information
  2. 7.1.2. Imports in kind, unit
    1. 7.1.2.1. Annual dynamics of product's imports to Hungary in kind, 2018-2025, unit
    2. 7.1.2.2. Dynamics of product's imports in kind to Hungary by countries, 2018-2025, unit
    3. 7.1.2.3. Structure of product's imports in kind by countries, 2018-2025
  3. 7.1.3. Imports in value, K $ US
    1. 7.1.3.1. Annual dynamics of product's imports to Hungary in value, 2018-2025, K $ US
    2. 7.1.3.2. Dynamics of product's imports in value to Hungary by countries, 2018-2025, K $ US
    3. 7.1.3.3. Structure of product's imports in value by countries, 2018-2025
  4. 7.1.4. Average price of product's imports, $ US/unit
    1. 7.1.4.1. Annual dynamics of average price of product's imports to Hungary, 2018-2025, $ US/unit
    2. 7.1.4.2. Dynamics of average price of product's imports to Hungary by countries, 2018-2025, $ US/unit
2. 7.2. Imports (Mirror Data)
  1. 7.2.1. Imports - Total information
  2. 7.2.2. Imports in kind, unit
    1. 7.2.2.1. Annual dynamics of product's imports to Hungary in kind, 2018-2025, unit
    2. 7.2.2.2. Dynamics of product's imports in kind to Hungary by countries, 2018-2025, unit
    3. 7.2.2.3. Structure of product's imports in kind by countries, 2018-2025
  3. 7.2.3. Imports in value, K $ US
    1. 7.2.3.1. Annual dynamics of product's imports to Hungary in value, 2018-2025, K $ US
    2. 7.2.3.2. Dynamics of product's imports in value to Hungary by countries, 2018-2025, K $ US
    3. 7.2.3.3. Structure of product's imports in value by countries, 2018-2025
  4. 7.2.4. Average price of product's imports, $ US/unit
    1. 7.2.4.1. Annual dynamics of average price of product's imports to Hungary, 2018-2025, $ US/unit
    2. 7.2.4.2. Dynamics of average price of product's imports to Hungary by countries, 2018-2025, $ US/unit
8. Trade balance
1. 8.1. Trade balance (Direct Data)
  1. 8.1.1. In kind, unit
  2. 8.1.2. In value, K $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, unit
  2. 8.2.2. In value, K $ US
9. Top buying and selling countries, 2018-2025
1. 9.1. Direct Data
  1. 9.1.1. Import in Value by Countries-buyers
  2. 9.1.2. Export in Value by Countries-suppliers
2. 9.2. Mirror Data
  1. 9.2.1. Import in Value by Countries-buyers
  2. 9.2.2. Export in Value by Countries-suppliers

Production pleasure and sports vessels in Hungary

In value, 2018-2021, K $ US

In 2019, Hungary's output of pleasure and sports vessels was valued at 5 639 thousand US dollars, marking a significant increase of 591.3% compared to 2018.

Annual dynamics of production in Hungary in value, 2018-2021, K $ US

Parameter		2019	2020	2021	CAGR
1	Change from last year	591.3%	n/a	n/a	-

Source: SHEV.io

In kind, 2018-2021, unit

In 2019, Hungary produced 26 units of pleasure and sports vessels, representing a 62.5% year-over-year increase.

Annual dynamics of production in Hungary in kind, 2018-2021, unit

Parameter		2019	2020	2021	CAGR
1	Change from last year	62.5%	n/a	n/a	-

Source: SHEV.io

Exports pleasure and sports vessels from Hungary

Exports in kind, unit

The market exhibited volatility during the observed period. In 2019, Hungary's exports of pleasure and sports vessels reached a maximum of 1 490 units, but declined sharply by 54.9% in 2020 to a minimum of 672 units. By 2021, exports rebounded to 1 394 units, a 107.4% increase compared to the previous year.

Annual dynamics of product's exports from Hungary in kind, 2018-2021, unit

Parameter		2019	2020	2021	CAGR
1	Change from last year	71.1%	(54.9%)	107.4%	17.0%

Source: SHEV.io

From 2018 to 2021, Hungary's exports in kind were diversified, with Slovakia accounting for 24.3%, Spain for 13.6%, and Austria for 12.1% of total flows. Together, these three countries represented 49.9% of exports, with no single country holding a clearly dominant position.

Structure of product's exports in kind by countries, 2018-2021

Source: SHEV.io

World map of product's exports from Hungary in kind, 2018-2021

Source: SHEV.io

Exports in value, K $ US

Hungary's exports of pleasure and sports vessels in value terms declined for the second consecutive year. In 2021, exports amounted to 3 203 thousand US dollars, a 27.9% decrease from the previous year. Over the 2018-2021 period, exports fell by 34.3%, with a compound annual growth rate of -13.1%. The peak was recorded in 2019 at 7 578 thousand US dollars, which saw a 55.4% increase, while the largest decline of 41.4% occurred in 2020.

Annual dynamics of product's exports from Hungary in value, 2018-2021, K $ US

Parameter		2019	2020	2021	CAGR
1	Change from last year	55.4%	(41.4%)	(27.9%)	(13.1%)

Source: SHEV.io

Between 2018 and 2021, Slovakia, France, and Czechia were the main markets for Hungary's exports in value terms, accounting for 26.3%, 21.2%, and 9.6% of total flows, respectively. Together, they represented 57.2% of exports.

Structure of product's exports in value by countries, 2018-2021

Source: SHEV.io

World map of product's exports from Hungary in value, 2018-2021

Source: SHEV.io

Imports pleasure and sports vessels to Hungary

Imports in kind, unit

Hungary's imports of pleasure and sports vessels in kind increased for the second consecutive year. In 2021, imports reached 21 622 units, a steep 62.4% rise compared to the previous year. Over the 2018-2021 period, imports grew by 13%, with a compound annual growth rate of 4.2%. The lowest level was recorded in 2019 at 12 961 units, which saw a 32.3% decline.

Annual dynamics of product's imports to Hungary in kind, 2018-2021, unit

Parameter		2019	2020	2021	CAGR
1	Change from last year	(32.3%)	2.7%	62.4%	4.2%

Source: SHEV.io

From 2018 to 2021, China, Germany, and Hong Kong were the largest suppliers of pleasure and sports vessels to Hungary in kind, contributing 47.0%, 13.8%, and 10.1% of total imports, respectively. Together, they accounted for 70.9% of imports.

Structure of product's imports in kind by countries, 2018-2021

Source: SHEV.io

World map of product's imports to Hungary in kind, 2018-2021

Source: SHEV.io

Imports in value, K $ US

The data shows irregular changes, indicating a volatile market environment. In 2021, Hungary's imports of pleasure and sports vessels in value terms amounted to 17 433 thousand US dollars, a sharp 107.2% year-over-year increase. The largest decline of 24.2% was recorded in 2020. Over the period, import volumes varied 2.2 times from the low in 2018 to the high in 2021.

Annual dynamics of product's imports to Hungary in value, 2018-2021, K $ US

Parameter		2019	2020	2021	CAGR
1	Change from last year	42.1%	(24.2%)	107.2%	30.7%

Source: SHEV.io

Between 2018 and 2021, Belgium, France, and Germany were the main sources in the geographical breakdown of Hungary's imports in value terms, with shares of 23.8%, 23.0%, and 22.5%, respectively. Together, they represented 69.3% of total import flows.

Structure of product's imports in value by countries, 2018-2021

Source: SHEV.io

World map of product's imports to Hungary in value, 2018-2021

Source: SHEV.io