According to the ‘Report on the Market for Recreational Craft, January-November 2024’ prepared by the Spanish Yachting Association (ANEN), of which I am tax and legal advisor the Spanish yachting market has registered a total of 4,883 recreational craft registrations during the period from January to November 2024, representing a drop of 16.4% compared to the same period last year. This decrease particularly affects very small boats under 6 metres, sailboats, folding inflatables and jet skis. The charter yachts registrations have also seen a decline in the same year, with 1,725 registrations, compared to 2,036 in 2023. It follows from the above figures that 64.4% of registrations are for private use, while 35.6% are for charter.
Sailing yachts (-19.5%) are the most affected by the drop in registrations. Despite these decreases, boats over 16 metres continue to be the most positive growth in the market, which is no doubt a good new.
We fully rely that 2025 will be a good year as perspectives and orders seems to indicate such.