South-Eastern Asia: Inflatable Vessel Market 2024

Inflatable Vessel Market Size in South-Eastern Asia

The Southeast Asian inflatable vessel market stood at $X in 2022, leveling off at the previous year. Over the period under review, consumption continues to indicate a deep downturn. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Inflatable Vessel Production in South-Eastern Asia

In value terms, inflatable vessel production expanded modestly to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a deep slump. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Inflatable Vessel Exports

Exports in South-Eastern Asia

For the fifth consecutive year, South-Eastern Asia recorded growth in overseas shipments of inflatable vessels for pleasure or sports, which increased by X% to X units in 2022. In general, exports enjoyed noticeable growth. The most prominent rate of growth was recorded in 2020 when exports increased by X%. The volume of export peaked in 2022 and is expected to retain growth in years to come.

In value terms, inflatable vessel exports stood at $X in 2022. Over the period under review, exports showed a temperate expansion. 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 attained the maximum in 2022 and are likely to continue growth in the near future.

Exports by Country

The biggest shipments were from Indonesia (X units), Vietnam (X units) and Myanmar (X units), together amounting to X% of total export. It was distantly followed by Cambodia (X units), mixing up a X% share of total exports. Singapore (X units) took a little share of total exports.

From 2012 to 2022, the biggest increases were recorded for Indonesia (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X), Indonesia ($X) and Myanmar ($X) were the countries with the highest levels of exports in 2022, together comprising X% of total exports.

In terms of the main exporting countries, Indonesia, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per unit, almost unchanged from the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the export price increased by X% against the previous year. The level of export peaked at $X per unit in 2015; however, from 2016 to 2022, 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 Singapore ($X per unit), while Myanmar ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (X%), while the other leaders experienced a decline in the export price figures.

Inflatable Vessel Imports

Imports in South-Eastern Asia

In 2022, imports of inflatable vessels for pleasure or sports in South-Eastern Asia reduced markedly to X units, shrinking by X% on the previous year. Over the period under review, imports continue to indicate a noticeable shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of X units, and then fell markedly in the following year.

In value terms, inflatable vessel imports fell to $X in 2022. Total imports indicated a pronounced expansion from 2012 to 2022: its value 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, imports decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2017 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Malaysia (X units) and Indonesia (X units) were the main importers of inflatable vessels for pleasure or sports in 2022, resulting at near X% and X% of total imports, respectively. Singapore (X units) ranks next in terms of the total imports with a X% share, followed by the Philippines (X%).

From 2012 to 2022, the biggest increases were recorded for Malaysia (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X) constitutes the largest market for imported inflatable vessels for pleasure or sports in South-Eastern Asia, comprising X% of total imports. The second position in the ranking was taken by Malaysia ($X), with a X% share of total imports. It was followed by Singapore, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Indonesia totaled X%. In the other countries, the average annual rates were as follows: Malaysia (X% per year) and Singapore (X% per year).

Import Prices by Country

In 2022, the import price in South-Eastern Asia amounted to $X per unit, increasing by X% against the previous year. Overall, the import price recorded a tangible expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Indonesia ($X per unit), while Malaysia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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