SOURCE: USDOC, International Trade Administration SOURCE KEY: IT PROGRAM KEY: IT MARKET PROGRAM: Market Research Reports UPDATE: Monthly ID NUMBER: IT MARKET 111104781 TITLE: UNITED ARAB EM. - BOATING EQUIPMENT AND SUPPLIES - ISA9207 DATA TYPE: TEXT END YEAR: 1992 UPDATED: 09/17/92 KEYWORDS 1: | 9207 | ANTIBOYCOTT|COMPLIANCE | ANTIBOYCOTT|LAWS | BEST|PROSPECTS | BOATING|EQUIPMENT | BOATING|SUPPLIES | CC520 | COMMERCIAL VESSELS & EQ. (NON|FISHERIES) | COMMERCIAL|VESSEL|EQUIPMENT | COMMERCIAL|VESSELS | COMPETITION | CVR | DISTRIBUTION | END|USERS | ISA | ISA9207 | MARKET|ACCESS | MARKET|ASSESSMENT | PLB | PLEASURE BOATS AND ACCESSORIES | PLEASURE|BOAT|ACCESSORIES | SPORTING AND RECREATION GOODS | SPT | TRADE|CONTACTS | TRADE|PROMOTION | UNITED ARAB EM. COUNTRY: | UNITED ARAB EM. | UNITED ARAB EMIRATES | U.A.E. | AFRICA, NEAR EAST AND SOUTH ASIA | ANESA | ASIA | MIDDLE EAST | MIDDLE EASTERN COUNTRIES | MIDDLE EASTERN GROUP | NEAR EAST | NEAR EASTERN COUNTRIES | NEAR EASTERN GROUP | OPEC | ORGANIZATION OF PETROLEUM EXPORTING COUNTRIES TEXT UNITED ARAB EM. - BOATING EQUIPMENT AND SUPPLIES - ISA9207 SUMMARY This article is derived from a report titled: "The Boating Equipment and Supplies Market in the United Arab Emirates", dated July 1992, prepared by Anne de Souza, American Consulate - Dubai. This article consists of 05 pages and contains the following subtopics: OVERVIEW STATISTICAL DATA MARKET ASSESSMENT BEST SALES PROSPECTS COMPETITIVE SITUATION MARKET ACCESS TRADE PROMOTION OPPORTUNITIES ANTIBOYCOTT COMPLIANCE FIRMS ARE REMINDED THAT THE EXPORT ADMINISTRATION AMENDMENTS OF 1977 AND EXPORT ADMINISTRATION REGULATIONS (15 C.F.R. PART 369) PROHIBIT CERTAIN FORMS OF COMPLIANCE WITH FOREIGN BOYCOTTS, INCLUDING FURNISHING INFORMATION OR ENTERING INTO OR IMPLEMENTING AGREEMENTS. THIS DOCUMENT OR SUBSEQUENT ASPECTS OF THIS TRANSACTION MAY INVOLVE CONDITIONS OR REQUIREMENTS COMPLIANCE WITH WHICH IS PROHIBITED. VIOLATORS OF U.S. ANTIBOYCOTT LAW ARE SUBJECT TO SEVERE PENALTIES INCLUDING FINE, IMPRISONMENT AND REVOCATION OF EXPORT LICENSE PRIVILEGES. FIRMS ARE FURTHER REMINDED THAT ANY UNITED STATES PERSON RECEIVING A REQUEST FOR THE FURNISHING OF INFORMATION, THE ENTERING INTO OR IMPLEMENTATION OF AGREEMENTS, OR THE TAKING OF ANY OTHER ACTION WHICH FURTHERS OR SUPPORTS RESTRICTIVE TRADE PRACTICES OR BOYCOTTS MUST REPORT SUCH RECEIPT TO THE DEPARTMENT OF COMMERCE, IN ACCORDANCE WITH 15 C.F.R. 369.6. INFORMATION CONCERNING U.S. ANTIBOYCOTT LAWS AND HOW TO COMPLY WITH THEM IS AVAILABLE FROM THE OFFICE OF ANTIBOYCOTT COMPLIANCE, ROOM 6098, U.S. DEPARTMENT OF COMMERCE, WASHINGTON, D.C. 20230, (202) 377-2381 AND FROM THE OFFICE OF GENERAL COUNSEL, ROOM 2010, U.S. DEPARTMENT OF THE TREASURY, WASHINGTON, D.C. 20220, (202) 566-5569. A. OVERVIEW: The UAE boating equipment and supplies market is enjoying a growth surge, with an estimated 25 percent annual growth rate over the next three years. The large rise in recent years in the number of pleasure craft in the UAE has created a major market for a wide array of marine products used by boat builders, as well as those sold to the marine aftermarket. There are approximately 40 boat builders in the UAE. Import figures are not available for all sectors for boating equipment and supplies. Import figures are available for Internal Combustion Piston Engine (ICPE), marine propulsion, outboard and for ICPE, marine propulsion, other. In 1990, imports of ICPE marine propulsion outboards, etc. in the UAE amounted to U.S. $22.6 million. Part of this was fitted on new boats and subsequently reexported. Many types of boating equipment and supplies are selling well. Marine electronics are in great demand. There is interest in global positioning systems, system C marine communications, direct dialing communication systems, fluxgate compasses, electronic charting, versatile screen displays and interfacing. Other types of less sophisticated basic boat parts, equipment, and supplies are also enjoying good sales. B. MARKET ASSESSMENT: The UAE boating equipment and supplies market encompasses the entire Gulf region. Products are fitted to boats and sold in the UAE or exported. UAE importers sell to distributors elsewhere in the GCC and to foreign boat builders. During the last 3 years there has been a surge in the number of pleasure craft sold. This trend has boosted demand for the best types of maintenance, the latest equipment, the safest parts, and products for comfort on board in a climate which is very hot with temperatures rising as high as 100-122oF and humidity sometimes exceeding 90%. There are approximately 10 marinas in the UAE which are usually run by the larger 5 star hotels or by boat clubs. Charges for mooring are high and vary in price from marina to marina. The charge is usually based on footage, and on, average could cost U.S. $1635/- per annum for a boat up to 20 feet. This charge apart from mooring the boat would usually include maintenance, boat washing and sometimes even battery charge. The rest are transported to and from the shore by trailer. Local sources estimate that the market for boating equipment and supplies should grow at an estimated average of 25% over the next three years. Total UAE imports during 1988-1990 were: 1988 U.S. $ 21.36 million, of which $ 15.51 million was for ICPE marine propulsion, outboard, and $ 5.85 million for ICPE, marine propulsion, other. 1989 U.S. $ 25.06 million, of which $ 17.14 million was for ICPE marine propulsion, outboard, and $ 7.92 million for ICPE, marine propulsion, other.
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