Denmark: Inflatable Vessel Market 2023

Inflatable Vessel Market Size in Denmark

In 2021, the Danish inflatable vessel market increased by 155% to $X, rising for the fifth consecutive year after two years of decline. Over the period under review, consumption recorded a strong expansion. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Inflatable Vessel Exports

Exports from Denmark

In 2021, exports of inflatable vessels for pleasure or sports from Denmark surged to X units, with an increase of 91% on the previous year's figure. Overall, exports showed a pronounced increase. The most prominent rate of growth was recorded in 2019 when exports increased by 210%. Over the period under review, the exports reached the maximum in 2021 and are expected to retain growth in the near future.

In value terms, inflatable vessel exports soared to $X in 2021. In general, exports continue to indicate a notable increase. The pace of growth was the most pronounced in 2019 with an increase of 167%. As a result, the exports reached the peak of $X. From 2020 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Sweden (X units), Germany (X units) and Greenland (X units) were the main destinations of inflatable vessel exports from Denmark, together accounting for 73% of total exports. Estonia, Norway and Faroe Islands lagged somewhat behind, together accounting for a further 24%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Estonia (with a CAGR of +156.1%), while the other leaders experienced more modest paces of growth.

In value terms, Greenland ($X), Germany ($X) and Sweden ($X) were the largest markets for inflatable vessel exported from Denmark worldwide, together comprising 76% of total exports. Norway, Estonia and Faroe Islands lagged somewhat behind, together comprising a further 11%.

Estonia, with a CAGR of +84.7%, 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

The average inflatable vessel export price stood at $X per unit in 2021, rising by 15% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of 114%. As a result, the export price attained the peak level of $X per unit. From 2018 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Greenland ($X per unit), while the average price for exports to Estonia ($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 Sweden (+5.6%), while the prices for the other major destinations experienced mixed trend patterns.

Inflatable Vessel Imports

Imports into Denmark

In 2021, overseas purchases of inflatable vessels for pleasure or sports increased by 153% to X units, rising for the fifth consecutive year after two years of decline. In general, imports enjoyed a prominent increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, inflatable vessel imports skyrocketed to $X in 2021. Over the period under review, imports enjoyed a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X units) constituted the largest supplier of inflatable vessel to Denmark, with a 59% share of total imports. Moreover, inflatable vessel imports from China exceeded the figures recorded by the second-largest supplier, Indonesia (X units), threefold. Germany (X units) ranked third in terms of total imports with a 6.4% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +11.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (+110.4% per year) and Germany (+16.4% per year).

In value terms, China ($X), Indonesia ($X) and the Netherlands ($X) appeared to be the largest inflatable vessel suppliers to Denmark, together comprising 77% of total imports.

Among the main suppliers, Indonesia, with a CAGR of +70.5%, saw the highest growth rate of 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 average inflatable vessel import price amounted to $X per unit, flattening at the previous year. Over the period under review, the import price showed pronounced growth. The most prominent rate of growth was recorded in 2016 an increase of 157%. As a result, import price reached the peak level of $X per unit. From 2017 to 2021, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Colombia ($X per unit), while the price for Sweden ($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 (+8.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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