Sales Market Report - 2021 Overview

SALES

MARKET REPORT 2021 OVERVIEW

T H E I N T E R N AT I O N A L YA C H T C O M PA N Y

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CONTENTS

CONTENTS

4

EXECUTIVE SUMMARY

6

2021: YACHTING INDUSTRY OVERVIEW IN NUMBERS

8

SALES MARKET OVERVIEW

10

TOTAL NUMBER OF YACHTS SOLD ABOVE 24M

11

NUMBER OF NEW BUILD AND BROKERAGE YACHTS SOLD ABOVE 24M

12

YACHTS SOLD BY CLOSING LOCATION AND SIZE RANGE

14

BROKERAGE YACHTS SOLD BY BUILDER

16

MARKET OUTLOOK

18

IYC YACHT SALES 2018 - 2021

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IYC: 2021 IN NUMBERS

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EXECUTIVE SUMMARY The year 2021 was one of the strongest in the history of yachting, both in sales and charter. Yacht sales above 24 meters surged, hitting an all-time high of over 1150 vessels. In the context of a robust sales market, trends that emerged in 2020 continued to shape the industry in 2021.

The purpose of this report is to provide an overview of the state of the sales market in 2021 and an outlook for the market in 2022. We take a close look at the superyacht industry and in particular at all yachts 24m (80’) and above. IYC is closely following the sales market through analytics, identifying industry trends and client behavior which are directly affecting the industry and its performance.

Irini Saranti Global Marketing Director

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2021: YACHTING INDUSTRY OVERVIEW IN NUMBERS

8,703

SUPERYACHTS IN OPERATION GLOBALLY

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714

SUPERYACHTS CURRENTLY IN BUILD

2,519

SUPERYACHTS CURRENTLY FOR SALE

1,198

SUPERYACHTS SOLD IN 2021

1,800

SUPERYACHTS ON THE GLOBAL CHARTER MARKET

163

SUPERYACHTS LAUNCHED IN 2021

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SALES MARKET OVERVIEW JANUARY - DECEMBER 2021

2021 was one of the strongest years in the history of yachting both in terms of sales and charter. Superyacht sales surged, hitting a new record by a substantial margin, of close to 1200 vessel sales above 24 meters. All in all the year closed at an impressive +42% versus 2020 and +51% versus 2019.

A STRONG BROKERAGE MARKET Of the yachts sold during 2021, 69% were pre-owned vessels and 31% were sold new. The brokerage market recorded an impressive performance with pre-owned superyacht sales at +44% versus the same period in 2020. Buoyed by a wave of first-time buyers enlightened by the benefits of yacht ownership, brokerage has also seen existing owners upsizing their yachts, as well as acquiring multiple boats in various locations around the world.

DEMAND OUTREACHING SUPPLY From January to December, a total of 1107 yachts in the 24m and above category were newly listed for sale, 1018 of which were motor yachts, and 89 sailing yachts. The average length was 33.5m, the average volume 268 GT and the average asking price €7.6 million. With fewer yachts entering the market, new listings recorded a -8% decline versus the same period in 2020. With buyers typically looking for more immediate deals, quality vessels that were realistically priced sold faster.

YACHT PRICES REMAINED STRONG In this robust market, yacht prices remained strong. The average price reduction across all size segments was €446,000 with 1420 price adjustments announced. In comparison, the average price change during the same period in 2020 was €641,000.

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