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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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