Asia: Inflatable Vessel Market 2022

Inflatable Vessel Market Size in Asia

In 2021, after two years of growth, there was significant decline in the Asian inflatable vessel market, when its value decreased by -12.4% to $X. Overall, consumption, however, enjoyed buoyant growth. The level of consumption peaked at $X in 2020, and then dropped in the following year.

Inflatable Vessel Production in Asia

In value terms, inflatable vessel production contracted to $X in 2021 estimated in export price. Overall, production, however, saw a buoyant expansion. The growth pace was the most rapid in 2019 with an increase of 51% against the previous year. Over the period under review, production hit record highs at $X in 2020, and then declined in the following year.

Inflatable Vessel Exports

Exports in Asia

In 2021, shipments abroad of inflatable vessels for pleasure or sports increased by 40% to X units, rising for the fifth year in a row after two years of decline. In general, exports showed prominent growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, inflatable vessel exports soared to $X in 2021. Overall, exports showed a buoyant expansion. The pace of growth was the most pronounced in 2014 with an increase of 88%. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in the near future.

Exports by Country

China was the major exporter of inflatable vessels for pleasure or sports in Asia, with the volume of exports amounting to X units, which was approx. 65% of total exports in 2021. Indonesia (X units) held a 19% share (based on physical terms) of total exports, which put it in second place, followed by Vietnam (8.1%). Japan (X units) and the United Arab Emirates (X units) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to inflatable vessel exports from China stood at +6.7%. At the same time, Indonesia (+127.3%), the United Arab Emirates (+40.3%), Vietnam (+17.2%) and Japan (+4.3%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing exporter exported in Asia, with a CAGR of +127.3% from 2012-2021. Indonesia (+19 p.p.), Vietnam (+3.9 p.p.) and the United Arab Emirates (+2.3 p.p.) significantly strengthened its position in terms of the total exports, while Japan and China saw its share reduced by -2.1% and -14% from 2012 to 2021, respectively.

In value terms, China ($X) remains the largest inflatable vessel supplier in Asia, comprising 93% of total exports. The second position in the ranking was taken by Indonesia ($X), with a 1.2% share of total exports. It was followed by Vietnam, with a 1.1% share.

From 2012 to 2021, the average annual growth rate of value in China stood at +13.9%. In the other countries, the average annual rates were as follows: Indonesia (+66.3% per year) and Vietnam (+18.4% per year).

Export Prices by Country

The export price in Asia stood at $X per unit in 2021, with an increase of 32% against the previous year. Export price indicated a perceptible expansion from 2012 to 2021: its price increased at an average annual rate of +3.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 when the export price increased by 62%. As a result, the export price reached the peak level of $X per unit. From 2015 to 2021, the the export prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was China ($X per unit), while Indonesia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+7.4%), while the other leaders experienced more modest paces of growth.

Inflatable Vessel Imports

Imports in Asia

In 2021, purchases abroad of inflatable vessels for pleasure or sports increased by 61% to X units, rising for the second consecutive year after two years of decline. Over the period under review, imports enjoyed a buoyant expansion. The growth pace was the most rapid in 2014 with an increase of 372% against the previous year. As a result, imports attained the peak of X units. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, inflatable vessel imports expanded markedly to $X in 2021. Overall, imports enjoyed a noticeable increase. The pace of growth was the most pronounced in 2014 when imports increased by 283% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Japan was the largest importing country with an import of about X units, which finished at 54% of total imports. Turkey (X units) took a 12% share (based on physical terms) of total imports, which put it in second place, followed by Israel (7.5%) and Jordan (5.5%). South Korea (X units), Uzbekistan (X units), Indonesia (X units), the United Arab Emirates (X units), Qatar (X units), Thailand (X units) and Cyprus (X units) followed a long way behind the leaders.

Imports into Japan increased at an average annual rate of +13.9% from 2012 to 2021. At the same time, Uzbekistan (+105.1%), Jordan (+86.6%), Cyprus (+38.5%), Israel (+19.4%), Qatar (+11.5%), South Korea (+5.5%) and Turkey (+1.5%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing importer imported in Asia, with a CAGR of +105.1% from 2012-2021. By contrast, Thailand (-6.7%), Indonesia (-8.0%) and the United Arab Emirates (-8.8%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Japan, Jordan, Israel and Uzbekistan increased by +21, +5.4, +4.5 and +2.5 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X), Japan ($X) and the United Arab Emirates ($X) were the countries with the highest levels of imports in 2021, together comprising 46% of total imports. These countries were followed by South Korea, Cyprus, Indonesia, Thailand, Israel, Qatar, Jordan and Uzbekistan, which together accounted for a further 20%.

Among the main importing countries, Jordan, with a CAGR of +21.8%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Asia amounted to $X per unit, declining by -32.4% against the previous year. In general, the import price continues to indicate a pronounced descent. The growth pace was the most rapid in 2015 an increase of 41% against the previous year. As a result, import price reached the peak level of $X per unit. From 2016 to 2021, the import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was the United Arab Emirates ($X per unit), while Jordan ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+13.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

Frequently Asked Questions (FAQ) :