
China - Inflatable Vessels for Pleasure or Sports - Market Analysis, Forecast, Size, Trends and Insights
China: Inflatable Vessel Market 2023
Inflatable Vessel Market Size in China
In 2021, the Chinese inflatable vessel market decreased by -13.5% to $X for the first time since 2018, thus ending a two-year rising trend. In general, the total consumption indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +5.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +27.6% against 2018 indices. As a result, consumption reached the peak level of $X, and then fell in the following year.
Inflatable Vessel Production in China
In value terms, inflatable vessel production dropped to $X in 2021 estimated in export price. Overall, the total production indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +6.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +31.9% against 2018 indices. The pace of growth appeared the most rapid in 2016 when the production volume increased by 23% against the previous year. Over the period under review, production attained the maximum level at $X in 2020, and then contracted in the following year.
Inflatable Vessel Exports
Exports from China
In 2021, shipments abroad of inflatable vessels for pleasure or sports increased by 78% to X units, rising for the fifth year in a row after two years of decline. Over the period under review, exports recorded a buoyant expansion. The growth pace was the most rapid in 2018 with an increase of 92%. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in years to come.
In value terms, inflatable vessel exports skyrocketed to $X in 2021. In general, exports showed strong growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
Exports by Country
The United States (X units) was the main destination for inflatable vessel exports from China, accounting for a 31% share of total exports. Moreover, inflatable vessel exports to the United States exceeded the volume sent to the second major destination, Canada (X units), threefold. The Netherlands (X units) ranked third in terms of total exports with an 8.4% share.
From 2012 to 2021, the average annual growth rate of volume to the United States totaled +8.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+10.4% per year) and the Netherlands (+14.8% per year).
In value terms, the United States ($X) remains the key foreign market for inflatable vessels for pleasure or sports exports from China, comprising 23% of total exports. The second position in the ranking was held by France ($X), with an 11% share of total exports. It was followed by Canada, with a 6.9% share.
From 2012 to 2021, the average annual rate of growth in terms of value to the United States stood at +18.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+18.0% per year) and Canada (+23.6% per year).
Export Prices by Country
The average inflatable vessel export price stood at $X per unit in 2021, picking up by 4.1% against the previous year. In general, the export price saw a prominent expansion. The most prominent rate of growth was recorded in 2015 when the average export price increased by 126%. The export price peaked at $X per unit in 2016; however, from 2017 to 2021, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Sweden ($X per unit), while the average price for exports to Canada ($X per unit) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+24.6%), while the prices for the other major destinations experienced more modest paces of growth.
Inflatable Vessel Imports
Imports into China
Inflatable vessel imports into China soared to X units in 2021, rising by 178% compared with 2020. Overall, imports showed a significant increase. The most prominent rate of growth was recorded in 2018 when imports increased by 435%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the immediate term.
In value terms, inflatable vessel imports skyrocketed to $X in 2021. Over the period under review, imports continue to indicate significant growth. The most prominent rate of growth was recorded in 2018 when imports increased by 254%. Imports peaked in 2021 and are expected to retain growth in the near future.
Imports by Country
In 2021, Myanmar (X units) constituted the largest inflatable vessel supplier to China, accounting for a 69% share of total imports. Moreover, inflatable vessel imports from Myanmar exceeded the figures recorded by the second-largest supplier, the United States (X units), fourfold. The third position in this ranking was taken by Japan (X units), with a 4.1% share.
From 2012 to 2021, the average annual growth rate of volume from Myanmar stood at +200.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+44.3% per year) and Japan (+35.9% per year).
In value terms, the United States ($X), Japan ($X) and Myanmar ($X) were the largest inflatable vessel suppliers to China, together comprising 56% of total imports. Russia and Germany lagged somewhat behind, together comprising a further 9.4%.
Russia, with a CAGR of +176.1%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.
Import Prices by Country
In 2021, the average inflatable vessel import price amounted to $X per unit, with an increase of 10% against the previous year. In general, the import price, however, showed a abrupt descent. The pace of growth appeared the most rapid in 2014 when the average import price increased by 22% against the previous year. As a result, import price attained the peak level of $X per unit. From 2015 to 2021, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Japan ($X per unit), while the price for Myanmar ($X per unit) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (+34.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Source: IndexBox Platform
Base Year | Historical Period | Forecast Period | Units |
---|---|---|---|
2022 | 2012-2022 | 2023-2030 | US$, Tons |
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the inflatable vessel market in China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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