U.S.: Inflatable Vessel Market 2022

Inflatable Vessel Market Size in the U.S.

The U.S. inflatable vessel market expanded rapidly to $X in 2021, surging by 6.4% against the previous year. In general, consumption, however, saw a prominent increase. Inflatable vessel consumption peaked in 2021 and is expected to retain growth in the near future.

Inflatable Vessel Production in the U.S.

In value terms, inflatable vessel production declined to $X in 2021. Overall, production, however, saw prominent growth. The most prominent rate of growth was recorded in 2019 with an increase of 57%. Over the period under review, production reached the peak level at $X in 2020, and then fell modestly in the following year.

Inflatable Vessel Exports

Exports from the U.S.

Inflatable vessel exports from the United States surged to X units in 2021, with an increase of 194% on 2020 figures. In general, exports recorded a remarkable increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, inflatable vessel exports skyrocketed to $X in 2021. Over the period under review, total exports indicated perceptible growth from 2012 to 2021: its value increased at an average annual rate of +2.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

Exports by Country

Canada (X units) was the main destination for inflatable vessel exports from the United States, with a 52% share of total exports. Moreover, inflatable vessel exports to Canada exceeded the volume sent to the second major destination, the UK (X units), twofold. Australia (X units) ranked third in terms of total exports with a 7% share.

From 2012 to 2021, the average annual growth rate of volume to Canada stood at +3.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+51.4% per year) and Australia (+20.8% per year).

In value terms, Canada ($X) remains the key foreign market for inflatable vessel exports from the United States, comprising 47% of total exports. The second position in the ranking was taken by the UK ($X), with a 10% share of total exports. It was followed by the Netherlands, with a 5.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Canada totaled +3.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+36.6% per year) and the Netherlands (+8.9% per year).

Export Prices by Country

The average inflatable vessel export price stood at $X per unit in 2021, shrinking by -38% against the previous year. Over the period under review, the export price showed a abrupt descent. The most prominent rate of growth was recorded in 2018 an increase of 43% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2019 to 2021, the the average export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was China ($X per unit), while the average price for exports to the UK ($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 Canada (-0.0%), while the prices for the other major destinations experienced a decline.

Inflatable Vessel Imports

Imports into the U.S.

For the seventh consecutive year, the United States recorded growth in supplies from abroad of inflatable vessels for pleasure or sports, which increased by 58% to X units in 2021. Over the period under review, imports showed a strong increase. As a result, imports attained 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 resilient increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X units) constituted the largest supplier of inflatable vessel to the United States, with a 88% share of total imports. Moreover, inflatable vessel imports from China exceeded the figures recorded by the second-largest supplier, Indonesia (X units), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +17.0%.

In value terms, China ($X) constituted the largest supplier of inflatable vessel to the United States, comprising 61% of total imports. The second position in the ranking was held by Indonesia ($X), with a 4% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +13.7%.

Import Prices by Country

In 2021, the average inflatable vessel import price amounted to $X per unit, falling by -9.4% against the previous year. Over the period under review, the import price showed a deep contraction. The growth pace was the most rapid in 2013 when the average import price increased by 9.8%. As a result, import price reached the peak level of $X per unit. From 2014 to 2021, the average import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, the country with the highest price was China ($X per unit), while the price for Indonesia totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (-2.8%).

Source: IndexBox Market Intelligence Platform

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