The inaugural Taiwan International Boat Show secured more than $33 million in contracts.
A total of 32 yachts and sailboats were sold at the event, Taiwan External Trade Development Council executive vice president Walter Yeh told Taiwan Today.
Overall output of nearly $14 million, including prospective deals for 30 more yachts, is projected, Yeh said.
The show, which was held Thursday through Sunday at the Kaohsiung Exhibition Center in southern Taiwan, had about 70,000 visitors, the council said. That was in addition to more than 2,000 professional buyers from Hong Kong, Japan, Singapore, the United States and mainland China.
More than half of the contracts, especially those for small and medium-size boats, came from Taiwan buyers. This indicates that the local market offers considerable opportunities and is largely untapped, compared with other Asia-Pacific countries, such as Australia, the council said.
Yeh believes that over time, luxury boat owners in Taiwan will migrate to larger models and make a substantial contribution to upscaling the homegrown yacht market.