Serbia: Inflatable Vessel Market 2024

Inflatable Vessel Market Size in Serbia

The Serbian inflatable vessel market was finally on the rise to reach $X in 2022, after four years of decline. Over the period under review, consumption, however, saw a abrupt decrease. Inflatable vessel consumption peaked at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Inflatable Vessel Production in Serbia

In value terms, inflatable vessel production dropped slightly to $X in 2022 estimated in export price. Overall, production, however, showed a abrupt descent. The pace of growth was the most pronounced in 2014 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2022, production growth remained at a lower figure.

Inflatable Vessel Exports

Exports from Serbia

In 2022, after two years of growth, there was significant decline in overseas shipments of inflatable vessels for pleasure or sports, when their volume decreased by X% to X units. In general, exports, however, enjoyed a significant increase. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. As a result, the exports attained the peak of X units, and then declined sharply in the following year.

In value terms, inflatable vessel exports reached $X in 2022. Overall, exports, however, saw prominent growth. The pace of growth appeared the most rapid in 2018 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to see steady growth in the immediate term.

Exports by Country

Bosnia and Herzegovina (X units) was the main destination for inflatable vessel exports from Serbia, accounting for a X% share of total exports. Moreover, inflatable vessel exports to Bosnia and Herzegovina exceeded the volume sent to the second major destination, Montenegro (X units), eightfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Bosnia and Herzegovina stood at X%.

In value terms, the largest markets for inflatable vessel exported from Serbia were Montenegro ($X) and Bosnia and Herzegovina ($X).

In terms of the main countries of destination, Bosnia and Herzegovina, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

The average inflatable vessel export price stood at $X per unit in 2022, surging by X% against the previous year. In general, the export price, however, saw a pronounced decrease. The export price peaked at $X per unit in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Montenegro ($X per unit), while the average price for exports to Bosnia and Herzegovina amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Montenegro (X%).

Inflatable Vessel Imports

Imports into Serbia

In 2022, approx. X units of inflatable vessels for pleasure or sports were imported into Serbia; increasing by X% on 2021 figures. In general, imports showed prominent growth. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, inflatable vessel imports shrank slightly to $X in 2022. Over the period under review, imports showed significant growth. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. Imports peaked at $X in 2021, and then dropped modestly in the following year.

Imports by Country

In 2022, China (X units) was the main supplier of inflatable vessel to Serbia, accounting for a X% 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 held by Russia (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Ukraine (X% per year) and Russia (X% per year).

In value terms, the largest inflatable vessel suppliers to Serbia were China ($X), Ukraine ($X) and Russia ($X), with a combined X% share of total imports.

Ukraine, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of 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 2022, the average inflatable vessel import price amounted to $X per unit, falling by X% against the previous year. In general, import price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, inflatable vessel import price decreased by X% against 2017 indices. The most prominent rate of growth was recorded in 2014 when the average import price increased by X% against the previous year. The import price peaked at $X per unit in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, 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 2022, the most notable rate of growth in terms of prices was attained by Italy (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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