Romania: Inflatable Vessel Market 2023

Inflatable Vessel Market Size in Romania

The Romanian inflatable vessel market expanded notably to $X in 2021, with an increase of 8.9% against the previous year. Overall, consumption posted a prominent expansion. Inflatable vessel consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Inflatable Vessel Production in Romania

In value terms, inflatable vessel production reached $X in 2021 estimated in export price. Over the period under review, production posted prominent growth. The pace of growth was the most pronounced in 2016 when the production volume increased by 53%. Inflatable vessel production peaked at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Inflatable Vessel Exports

Exports from Romania

In 2021, overseas shipments of inflatable vessels for pleasure or sports increased by 156% to X units, rising for the sixth consecutive year after two years of decline. In general, exports recorded a significant increase. The pace of growth appeared the most rapid in 2017 with an increase of 922% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to see gradual growth in years to come.

In value terms, inflatable vessel exports skyrocketed to $X in 2021. Over the period under review, exports enjoyed a significant increase. The pace of growth was the most pronounced in 2017 with an increase of 2,752% against the previous year. The exports peaked in 2021 and are likely to see steady growth in the immediate term.

Exports by Country

Bulgaria (X units), Italy (X units) and Hungary (X units) were the main destinations of inflatable vessel exports from Romania, with a combined 90% share of total exports. These countries were followed by Greece, the Czech Republic and Poland, which together accounted for a further 9.6%.

From 2012 to 2021, the biggest increases were recorded for Greece (with a CAGR of +570.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X) remains the key foreign market for inflatable vessels for pleasure or sports exports from Romania, comprising 84% of total exports. The second position in the ranking was taken by Bulgaria ($X), with an 8.1% share of total exports. It was followed by Hungary, with a 5% share.

From 2012 to 2021, the average annual growth rate of value to Italy stood at +208.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bulgaria (+20.1% per year) and Hungary (+43.8% per year).

Export Prices by Country

In 2021, the average inflatable vessel export price amounted to $X per unit, dropping by -26.3% against the previous year. Overall, the export price, however, recorded prominent growth. The pace of growth was the most pronounced in 2013 an increase of 184% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per unit in 2017; however, from 2018 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Italy ($X per unit), while the average price for exports to Poland ($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 Italy (+30.4%), while the prices for the other major destinations experienced a decline.

Inflatable Vessel Imports

Imports into Romania

In 2021, inflatable vessel imports into Romania surged to X units, with an increase of 120% on the year before. Overall, imports recorded significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, inflatable vessel imports surged to $X in 2021. In general, imports posted a prominent 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 inflatable vessel supplier to Romania, accounting for a 74% share of total imports. Moreover, inflatable vessel imports from China exceeded the figures recorded by the second-largest supplier, Ukraine (X units), more than tenfold. The third position in this ranking was taken by Germany (X units), with a 5.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +19.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Ukraine (+25.3% per year) and Germany (+24.1% per year).

In value terms, China ($X), Ukraine ($X) and Belgium ($X) constituted the largest inflatable vessel suppliers to Romania, with a combined 77% share of total imports. These countries were followed by Spain, France, Germany and the Czech Republic, which together accounted for a further 13%.

Spain, with a CAGR of +41.9%, saw the highest growth rate of 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, reducing by -13.9% against the previous year. Over the period under review, the import price continues to indicate a noticeable contraction. The pace of growth appeared the most rapid in 2016 an increase of 124%. Over the period under review, average import prices reached the peak figure at $X per unit in 2017; however, from 2018 to 2021, import prices failed to regain momentum.

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 Ukraine ($X per unit), while the price for the Czech Republic ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ukraine (-1.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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