
Eastern Asia - Inflatable Vessels for Pleasure or Sports - Market Analysis, Forecast, Size, Trends and Insights
Eastern Asia: Inflatable Vessel Market 2023
Inflatable Vessel Market Size in Eastern Asia
After two years of growth, the East Asian inflatable vessel market decreased by -12.3% to $X in 2021. The total consumption indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +5.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +30.8% against 2018 indices. As a result, consumption reached the peak level of $X, and then contracted in the following year.
Inflatable Vessel Production in Eastern Asia
In value terms, inflatable vessel production shrank to $X in 2021 estimated in export price. The total production indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +5.3% 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 +33.2% against 2018 indices. The pace of growth appeared the most rapid in 2020 when the production volume increased by 22% against the previous year. As a result, production reached the peak level of $X, and then declined in the following year.
Inflatable Vessel Exports
Exports in Eastern Asia
In 2021, overseas shipments of inflatable vessels for pleasure or sports increased by 78% to X units, rising for the fifth consecutive year after two years of decline. Overall, exports enjoyed a resilient expansion. The pace of growth appeared the most rapid in 2018 when exports increased by 81% against the previous year. The volume of export peaked in 2021 and is likely to continue growth in the near future.
In value terms, inflatable vessel exports soared to $X in 2021. Over the period under review, exports saw a strong expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
Exports by Country
China dominates exports structure, amounting to X units, which was approx. 93% of total exports in 2021. South Korea (X units) followed a long way behind the leaders.
Exports from China increased at an average annual rate of +5.6% from 2012 to 2021. At the same time, South Korea (+17.8%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of +17.8% from 2012-2021. South Korea (+2.7 p.p.) significantly strengthened its position in terms of the total exports, while China saw its share reduced by -2.2% from 2012 to 2021, respectively.
In value terms, China ($X) remains the largest inflatable vessel supplier in Eastern Asia, comprising 98% of total exports. The second position in the ranking was taken by South Korea ($X), with a 0.9% share of total exports.
From 2012 to 2021, the average annual growth rate of value in China totaled +13.8%.
Export Prices by Country
The export price in Eastern Asia stood at $X per unit in 2021, growing by 4% against the previous year. In general, the export price enjoyed buoyant growth. The most prominent rate of growth was recorded in 2015 when the export price increased by 107%. The level of export peaked at $X per unit in 2016; however, from 2017 to 2021, the export prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was China ($X per unit), while South Korea totaled $X per unit.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+7.8%).
Inflatable Vessel Imports
Imports in Eastern Asia
In 2021, approx. X units of inflatable vessels for pleasure or sports were imported in Eastern Asia; with an increase of 13% compared with the previous year's figure. In general, imports recorded resilient growth. The pace of growth was the most pronounced in 2015 with an increase of 35%. The volume of import peaked in 2021 and is likely to see gradual growth in the immediate term.
In value terms, inflatable vessel imports amounted to $X in 2021. The total import value increased at an average annual rate of +3.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2014 with an increase of 25% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the near future.
Imports by Country
In 2021, Japan (X units) was the main importer of inflatable vessels for pleasure or sports, constituting 51% of total imports. South Korea (X units) took a 30% share (based on physical terms) of total imports, which put it in second place, followed by China (7%), Hong Kong SAR (5.7%) and Taiwan (Chinese) (5.5%).
From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +48.1%), while purchases for the other leaders experienced more modest paces of growth.
In value terms, Japan ($X) constitutes the largest market for imported inflatable vessels for pleasure or sports in Eastern Asia, comprising 47% of total imports. The second position in the ranking was held by Hong Kong SAR ($X), with a 19% share of total imports. It was followed by South Korea, with a 17% share.
From 2012 to 2021, the average annual growth rate of value in Japan was relatively modest. In the other countries, the average annual rates were as follows: Hong Kong SAR (+21.2% per year) and South Korea (-3.4% per year).
Import Prices by Country
In 2021, the import price in Eastern Asia amounted to $X per unit, which is down by -10% against the previous year. Over the period under review, the import price showed a abrupt downturn. The growth pace was the most rapid in 2020 an increase of 2.5% against the previous year. The level of import peaked at $X per unit in 2012; however, from 2013 to 2021, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Hong Kong SAR ($X per unit), while Taiwan (Chinese) ($X per unit) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+18.5%), while the other leaders experienced mixed trends in the import price figures.
Base Year | Historical Period | Forecast Period | Units |
---|---|---|---|
2022 | 2012-2022 | 2023-2030 | US$, Tons |
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the inflatable vessel market in Eastern Asia. 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 Importers on The Market and How They Succeed
The Largest Exporters on The Market and How They Succeed
The Largest Producers on The Market and Their Profiles
The Largest Markets And Their Profiles
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