New Zealand: Inflatable Vessel Market 2022

Inflatable Vessel Market Size in New Zealand

The New Zealand inflatable vessel market totaled $X in 2021, flattening at the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, the total consumption indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +5.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -10.9% against 2019 indices. Inflatable vessel consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Inflatable Vessel Exports

Exports from New Zealand

In 2021, overseas shipments of inflatable vessels for pleasure or sports increased by 210% to X units, rising for the second consecutive year after two years of decline. Over the period under review, exports, however, continue to indicate a pronounced descent. The exports peaked at X units in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, inflatable vessel exports skyrocketed to $X in 2021. In general, exports, however, recorded a relatively flat trend pattern. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Australia (X units), the United States (X units) and the UK (X units) were the main destinations of inflatable vessel exports from New Zealand, with a combined 79% share of total exports. These countries were followed by Canada, China, Malaysia, Germany and Cook Islands, which together accounted for a further 12%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Canada (with a CAGR of +50.2%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for inflatable vessel exported from New Zealand were the United States ($X), Australia ($X) and China ($X), with a combined 79% share of total exports. These countries were followed by the UK, Canada, Germany, Malaysia and Cook Islands, which together accounted for a further 11%.

Canada, with a CAGR of +44.3%, recorded the highest rates of growth with regard to 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, approximately reflecting the previous year. Over the period under review, export price indicated a notable expansion from 2012 to 2021: its price increased at an average annual rate of +3.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, inflatable vessel export price decreased by -2.3% against 2019 indices. The pace of growth appeared the most rapid in 2019 an increase of 85%. As a result, the export price reached the peak level of $X per unit; afterwards, it flattened through to 2021.

Prices varied noticeably country of destination: the country with the highest price was China ($X per unit), while the average price for exports to Cook Islands ($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 Australia (+9.5%), while the prices for the other major destinations experienced mixed trend patterns.

Inflatable Vessel Imports

Imports into New Zealand

In 2021, overseas purchases of inflatable vessels for pleasure or sports were finally on the rise to reach X units for the first time since 2018, thus ending a two-year declining trend. The total import volume increased at an average annual rate of +4.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 with an increase of 24% against the previous year. Over the period under review, imports reached the maximum at X units in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, inflatable vessel imports amounted to $X in 2021. Over the period under review, total imports indicated a notable expansion from 2012 to 2021: its value increased at an average annual rate of +4.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -17.7% against 2019 indices. The pace of growth was the most pronounced in 2014 when imports increased by 35%. Over the period under review, imports attained the peak figure at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X units) was the main inflatable vessel supplier to New Zealand, with a 96% share of total imports. It was followed by Indonesia (X units), with a 1.9% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +4.5%.

In value terms, China ($X) constituted the largest supplier of inflatable vessel to New Zealand, comprising 54% of total imports. The second position in the ranking was taken by Indonesia ($X), with a 2.6% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +3.0%.

Import Prices by Country

In 2021, the average inflatable vessel import price amounted to $X per unit, reducing by -2.4% against the previous year. In general, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average import price increased by 54% against the previous year. Over the period under review, average import prices reached the maximum at $X per unit in 2019; however, from 2020 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (-1.4%).

Source: IndexBox Market Intelligence Platform

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