Turkey: Inflatable Vessel Market 2024

Inflatable Vessel Market Size in Turkey

The Turkish inflatable vessel market shrank markedly to $X in 2022, which is down by X% against the previous year. Overall, consumption recorded a abrupt decline. Over the period under review, the market reached the peak level at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Inflatable Vessel Production in Turkey

In value terms, inflatable vessel production dropped to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a abrupt slump. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, production reached the peak level at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Inflatable Vessel Exports

Exports from Turkey

In 2022, the amount of inflatable vessels for pleasure or sports exported from Turkey expanded to X units, with an increase of X% against 2021. In general, exports showed a significant increase. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, inflatable vessel exports totaled $X in 2022. Overall, exports saw a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

The United Arab Emirates (X units) was the main destination for inflatable vessel exports from Turkey, with a X% share of total exports. Moreover, inflatable vessel exports to the United Arab Emirates exceeded the volume sent to the second major destination, the United States (X units), twofold. Iraq (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to the United Arab Emirates stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Iraq (X% per year).

In value terms, the largest markets for inflatable vessel exported from Turkey were the United States ($X), the United Arab Emirates ($X) and France ($X), together comprising X% of total exports.

The United Arab Emirates, with a CAGR of X%, saw the highest growth rate of 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 2022, the average inflatable vessel export price amounted to $X per unit, remaining stable against the previous year. Over the period under review, the export price, however, saw a perceptible setback. The growth pace was the most rapid in 2017 when the average export price increased by X%. As a result, the export price attained the peak level of $X per unit. From 2018 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was France ($X per unit), while the average price for exports to Iraq ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Iran (X%), while the prices for the other major destinations experienced more modest paces of growth.

Inflatable Vessel Imports

Imports into Turkey

In 2022, after five years of growth, there was significant decline in supplies from abroad of inflatable vessels for pleasure or sports, when their volume decreased by X% to X units. In general, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. Imports peaked at X units in 2021, and then contracted significantly in the following year.

In value terms, inflatable vessel imports reduced dramatically to $X in 2022. Over the period under review, imports saw a abrupt downturn. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of $X, and then shrank rapidly in the following year.

Imports by Country

In 2022, Ukraine (X units) constituted the largest supplier of inflatable vessel to Turkey, with a X% share of total imports. Moreover, inflatable vessel imports from Ukraine exceeded the figures recorded by the second-largest supplier, China (X units), threefold. Italy (X units) ranked third in terms of total imports with a X% share.

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

In value terms, Ukraine ($X), China ($X) and Italy ($X) were the largest inflatable vessel suppliers to Turkey, with a combined X% share of total imports. The UK, Tunisia, the United States and Germany lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, the UK, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average inflatable vessel import price stood at $X per unit in 2022, reducing by X% against the previous year. Overall, the import price continues to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2021 when the average import price increased by X%. The import price peaked at $X per unit in 2012; however, from 2013 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 the UK ($X per unit), while the price for Ukraine ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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