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
SALES MARKET REPORT | 2
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
20
IYC: 2021 IN NUMBERS
SALES MARKET REPORT | 4
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
SALES MARKET REPORT | 5
2021: YACHTING INDUSTRY OVERVIEW IN NUMBERS
8,703
SUPERYACHTS IN OPERATION GLOBALLY
SALES MARKET REPORT | 6
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
SALES MARKET REPORT | 7
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.
SALES MARKET REPORT | 9
REQUESTYOUR PERSONALCOPY OFOURLATESTI SSUEOF SALESMARKETREPORT ANDENJOYREADI NG THEFULLEDI TI ON