However, oil prices may decline in 2023, as the war between Russia and Ukraine ends, the OPEC+ alliance increases its production, and the US shale industry resumes its activity. The latest projections by the US Energy Information Administration (EIA) indicate that oil prices will average $68 per barrel in 2023 and $65 per barrel in 2024. This could have a positive impact on yacht prices, as lower oil prices mean lower production costs and lower operating costs for boats.
Conclusion
In conclusion, yacht prices are unlikely to fall significantly in 2023, as there are several factors that support the high prices of boats, such as supply chain issues, inflation, interest rates, consumer demand, and oil prices. However, yacht prices may moderate or decrease slightly in some segments, as the supply chain issues ease, the inflation moderates, the interest rates rise, the consumer demand moderates, and the oil prices decline. Therefore, the best time to buy a yacht depends on the specific type, size, and model of the boat, as well as on the personal preferences and budget of the buyer.
