Croatia: Inflatable Vessel Market 2022

Inflatable Vessel Market Size in Croatia

The Croatian inflatable vessel market expanded modestly to $X in 2021, rising by 4.6% against the previous year. Overall, consumption, however, showed a slight slump. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the market failed to regain momentum.

Inflatable Vessel Production in Croatia

In value terms, inflatable vessel production expanded significantly to $X in 2021 estimated in export price. In general, production saw a buoyant expansion. The growth pace was the most rapid in 2015 when the production volume increased by 1,926%. As a result, production attained the peak level of $X. From 2016 to 2021, production growth failed to regain momentum.

Inflatable Vessel Exports

Exports from Croatia

In 2021, exports of inflatable vessels for pleasure or sports from Croatia surged to X units, growing by 67% against 2020. Overall, exports continue to indicate significant growth. The growth pace was the most rapid in 2020 with an increase of 302% 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 soared to $X in 2021. Over the period under review, exports saw a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of 142% against the previous year. The exports peaked in 2021 and are likely to see steady growth in years to come.

Exports by Country

Slovenia (X units) was the main destination for inflatable vessel exports from Croatia, with a 40% share of total exports. Moreover, inflatable vessel exports to Slovenia exceeded the volume sent to the second major destination, Mexico (X units), threefold. The third position in this ranking was taken by Malta (X units), with a 12% share.

From 2012 to 2021, the average annual growth rate of volume to Slovenia stood at +45.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (0.0% per year) and Malta (+128.8% per year).

In value terms, the largest markets for inflatable vessel exported from Croatia were Montenegro ($X), Slovenia ($X) and Malta ($X), with a combined 57% share of total exports. Mexico, Austria, the UK and Poland lagged somewhat behind, together comprising a further 11%.

Among the main countries of destination, the UK, with a CAGR of +63.3%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average inflatable vessel export price stood at $X per unit in 2021, reducing by -17.3% against the previous year. In general, the export price saw a abrupt downturn. The most prominent rate of growth was recorded in 2016 when the average export price increased by 46% against the previous year. Over the period under review, the average export prices reached the maximum at $X per unit in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Montenegro ($X per unit), while the average price for exports to Poland ($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 Montenegro (+6.8%), while the prices for the other major destinations experienced a decline.

Inflatable Vessel Imports

Imports into Croatia

In 2021, approx. X units of inflatable vessels for pleasure or sports were imported into Croatia; surging by 45% on 2020. Overall, imports continue to indicate a strong increase. The most prominent rate of growth was recorded in 2018 when imports increased by 127% against the previous year. Imports peaked in 2021 and are likely to see steady growth in the immediate term.

In value terms, inflatable vessel imports fell to $X in 2021. Over the period under review, imports enjoyed a noticeable expansion. The pace of growth was the most pronounced in 2016 with an increase of 64% against the previous year. Over the period under review, imports reached the maximum at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X units) constituted the largest inflatable vessel supplier to Croatia, with a 63% share of total imports. Moreover, inflatable vessel imports from China exceeded the figures recorded by the second-largest supplier, Slovenia (X units), tenfold. The third position in this ranking was held by Montenegro (X units), with a 4.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +4.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovenia (+18.5% per year) and Montenegro (+48.8% per year).

In value terms, the largest inflatable vessel suppliers to Croatia were Slovenia ($X), Italy ($X) and China ($X), with a combined 67% share of total imports. Germany, Montenegro, the Czech Republic and Serbia lagged somewhat behind, together comprising a further 7.8%.

Among the main suppliers, Serbia, with a CAGR of +102.8%, recorded 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

The average inflatable vessel import price stood at $X per unit in 2021, reducing by -37.7% against the previous year. In general, the import price saw a pronounced shrinkage. The growth pace was the most rapid in 2016 an increase of 47% against the previous year. The import price peaked at $X per unit in 2017; however, from 2018 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Serbia (+5.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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