Menu

Ireland's sailing, boating & maritime magazine

UK Marine Sector 'Exports Its Way Back To Growth'

18th January 2014
UK Marine Sector 'Exports Its Way Back To Growth'

#LondonBoatShow - The UK's domestic boat sales market is heading back towards pre-recession levels, according to marine leisure industry body the British Marine Federation.

Releasing its latest data to coincide with last week's London Boat Show, the BMF points out that the marine sector is now in a "bullish mood" at home, thanks to the support of a strong export market.

A whopping 7.7% increase in overseas trade in 2012/13 - primarily to the continent and the United States - helped drive overall revenue up by 1.7% for the same period, for a total of almost £3 billion.

The BMF also cites strong demand for boats manufactured in the UK, and forecasts for builds and sales are up, with almost half of companies across the reporting better business.

Indeed, the federation's figures show that 48% of leisure marine businesses increased turnover between May and November last year.

BMF chief executive Howard Pridding said the federation is "confident that 2014 will welcome a new period of sustained growth for the sector" that has "exported its way back into growth".

Published in Marine Trade
MacDara Conroy

About The Author

MacDara Conroy

Email The Author

MacDara Conroy is a contributor covering all things on the water, from boating and wildlife to science and business

We've got a favour to ask

More people are reading Afloat.ie than ever thanks to the power of the internet but we're in stormy seas because advertising revenues across the media are falling fast. Unlike many news sites, we haven’t put up a paywall because we want to keep our marine journalism open.

Afloat.ie is Ireland's only full–time marine journalism team and it takes time, money and hard work to produce our content.

So you can see why we need to ask for your help.

If everyone chipped in, we can enhance our coverage and our future would be more secure. You can help us through a small donation. Thank you.

Direct Donation to Afloat button