Belgium: Inflatable Vessel Market 2024

Inflatable Vessel Market Size in Belgium

In 2022, the Belgian inflatable vessel market decreased by X% to less than $X, falling for the second consecutive year after three years of growth. Over the period under review, consumption saw a abrupt decrease. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Inflatable Vessel Production in Belgium

In value terms, inflatable vessel production soared to $X in 2022 estimated in export price. In general, production, however, continues to indicate a deep reduction. The pace of growth was the most pronounced in 2016 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Inflatable Vessel Exports

Exports from Belgium

For the third consecutive year, Belgium recorded growth in shipments abroad of inflatable vessels for pleasure or sports, which increased by X% to X units in 2021. In general, exports continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. The exports peaked in 2021 and are expected to retain growth in the near future.

In value terms, inflatable vessel exports surged to $X in 2021. Over the period under review, exports posted a buoyant increase. The pace of growth was the most pronounced in 2020 when exports increased by X% against the previous year. The exports peaked in 2021 and are likely to continue growth in the immediate term.

Exports by Country

France (X units), Germany (X units) and Italy (X units) were the main destinations of inflatable vessel exports from Belgium, together accounting for X% of total exports. The UK, Spain, Poland and the Netherlands lagged somewhat behind, together comprising a further X%.

From 2012 to 2021, the biggest increases were recorded for Spain (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Germany ($X) and Italy ($X) constituted the largest markets for inflatable vessel exported from Belgium worldwide, together comprising X% of total exports. The UK, Spain, Poland and the Netherlands lagged somewhat behind, together accounting for a further X%.

Spain, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average inflatable vessel export price amounted to $X per unit, waning by X% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the average export price increased by X%. As a result, the export price reached the peak level of $X per unit, and then declined in the following year.

Average prices varied noticeably for the major overseas markets. In 2021, amid the top suppliers, the highest price was recorded for prices to the Netherlands ($X per unit) and Germany ($X per unit), while the average price for exports to France ($X per unit) and Poland ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (X%), while the prices for the other major destinations experienced more modest paces of growth.

Inflatable Vessel Imports

Imports into Belgium

Inflatable vessel imports into Belgium skyrocketed to X units in 2021, with an increase of X% compared with the previous year. In general, imports saw strong growth. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. Imports peaked in 2021 and are expected to retain growth in years to come.

In value terms, inflatable vessel imports skyrocketed to $X in 2021. Overall, imports recorded a resilient expansion. The pace of growth appeared the most rapid in 2020 when imports increased by X%. Imports peaked in 2021 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, China (X units) constituted the largest inflatable vessel supplier to Belgium, accounting for a X% share of total imports. Moreover, inflatable vessel imports from China exceeded the figures recorded by the second-largest supplier, France (X units), more than tenfold. The Netherlands (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (X% per year) and the Netherlands (X% per year).

In value terms, China ($X) constituted the largest supplier of inflatable vessels for pleasure or sports to Belgium, comprising X% of total imports. The second position in the ranking was taken by France ($X), with a X% share of total imports. It was followed by Germany, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (X% per year) and Germany (X% per year).

Import Prices by Country

In 2021, the average inflatable vessel import price amounted to $X per unit, reducing by X% against the previous year. In general, the import price, however, recorded a modest expansion. The pace of growth appeared the most rapid in 2020 an increase of X% against the previous year. As a result, import price reached the peak level of $X per unit, and then declined in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was France ($X per unit), while the price for the Netherlands ($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 Netherlands (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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