The new edition of the Palma International Boat Show, which opened this morning at Palma’s Moll Vell, exceeds pre-pandemic figures. The show will have 276 participating companies, six more than in 2019 and 49 more than last year, representing a 21% increase from 2021.
In addition, a total of 264 ships will be shown on the water. The Vice President of the Balearic Islands and Advisor for Energy Transition, Productive Sectors and Democratic Memory, Juan Pedro Yllanes, presented the fair this morning together with the President of the Port Authority of the Balearic Islands, Francesc Antich, and the Director General of the Institute for Business Innovation of the Balearic Islands (IDI), Mariona Luis.
The nautical event is organized by the Institute for Business Innovation of the Balearic Islands (IDI), an entity under the Vice Presidency and the Ministry of Energy Transition, Productive Sectors and Democratic Memory, and the Balearic Yacht Brokers Association (BYBA).
The Vice President explained that “sailing is a strategic sector for the industry and the economy of the Balearic Islands. The maritime industry is part of the strategy of economic diversification and the commitment to quality tourism, linked to an industrial sector which achieves a turnover of approximately 840 million euros per year, generates more than 4 500 direct jobs and has nearly 650 companies”.
Furthermore, he added that “the recovery of the nautical sector is of such magnitude that the fair has more companies than in 2019 and more than 200 boats on the water”.
The President of the Port Authority, Francesc Antich, underlined the firm commitment of the Port of Palma to this annual event, to which it cedes a very important part of the land and the water plan of the port, while recognizing “the efforts of the dealers involved and the staff of the APB which allows the fair to be on time every year”.
One of the highlights of the new edition is the participation of new companies who have never participated in the PIBS. In concrete terms, 28% of exhibitors are coming to Palma for the first time to present their new nautical products. This is due to a segmentation of the surface which allowed them to gain a little more exhibition space despite a fairground of the same dimensions of 81,388 square meters. In addition, this is also due to the fact that due to the lack of stock that some companies have suffered from, not all moorings have been occupied as planned, which has made it possible to accommodate new additions, making it possible to offer a very large sample of what the maritime industry is today.
On the supply side, the PIBS will be the setting for presentations of new products and boats on a global scale, as it is the first boat show of the season this year and many shipyards have chosen Palma to present their new models. It is also worth noting the increase in the exposure of sailing, one of the most sustainable systems for navigation at sea. In addition, the segment of hybrid or electric boats is growing again, as well as the most more durable and compatible with the protection of the sea.
In the next edition are local (54%), national (18%) and international (28%) companies represented. Indeed, in recent years, the Palma International Boat Show has become the event that opens the nautical season and one of the most important gateways for international companies wishing to establish themselves on the islands, or establish relations with local companies and thus open up new commercial channels.
The Palma International Boat Show includes the Palma Superyacht Village, for the sale and rental of boats over 24 meters in length. This year it is characterized by the largest exhibition of sailboats in Europe, as well as a wide range of motor boats. This area also includes the area dedicated to the repair and maintenance of boats (refurbish and repair), which this year has the participation of 21 companies dedicated to this activity of the nautical industry, as well as service companies in other areas of the fair. On the other hand, the Palma Superyacht Village will inaugurate a new space dedicated to crews, where specialized activities and training will take place, a commitment to growth in the years to come.