Are Super Yacht Sales Slowing Down?

Demand for vessels over 100 feet declined last year by 17%, according to SuperYacht Times’ State of Yachting 2024 report. This was in part due to backlogs caused by the pandemic and increased prices due to higher labour and material costs.

Only 203 superyachts were sold in 2023, the report found, a decline from the 245 sold in 2022 and the 313 sold in 2021. Sales for the largest superyachts, anywhere from 200 to 650 feet, declined the most, falling by 40%, the report said. That was primarily due to Russian buyers leaving the market because of the country’s invasion of Ukraine in 2022, it added.

Buyers who want to purchase a superyacht over 200 feet will have to wait anywhere between 3 to 4 years, according to SuperYacht Times’ head of intelligence, Ralph Dazert.