Ukraine: Inflatable Vessel Market 2022

Inflatable Vessel Market Size in Ukraine

In 2021, the Ukrainian inflatable vessel market decreased by -13% to $X for the first time since 2015, thus ending a five-year rising trend. Overall, consumption, however, continues to indicate a buoyant expansion. Over the period under review, the market attained the maximum level at $X in 2020, and then dropped in the following year.

Inflatable Vessel Production in Ukraine

In value terms, inflatable vessel production contracted slightly to $X in 2021 estimated in export price. In general, production, however, posted resilient growth. The most prominent rate of growth was recorded in 2018 with an increase of 28%. Over the period under review, production hit record highs at $X in 2020, and then dropped slightly in the following year.

Inflatable Vessel Exports

Exports from Ukraine

In 2021, inflatable vessel exports from Ukraine surged to X units, with an increase of 21% on the previous year's figure. Over the period under review, exports, however, recorded a perceptible slump. Over the period under review, the exports hit record highs at X units in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, inflatable vessel exports skyrocketed to $X in 2021. Overall, exports continue to indicate prominent growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Poland (X units), Germany (X units) and Lithuania (X units) were the main destinations of inflatable vessel exports from Ukraine, with a combined 44% share of total exports. Slovakia, Bulgaria, the Netherlands, Canada, Romania, France, Turkey, Belarus, Norway and Australia lagged somewhat behind, together accounting for a further 35%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by France (with a CAGR of +49.5%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for inflatable vessel exported from Ukraine were Norway ($X), Australia ($X) and France ($X), with a combined 33% share of total exports.

Among the main countries of destination, France, with a CAGR of +55.6%, saw the highest growth rate of 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

The average inflatable vessel export price stood at $X per unit in 2021, rising by 14% against the previous year. In general, the export price saw significant growth. The most prominent rate of growth was recorded in 2015 an increase of 57%. Over the period under review, the average export prices hit record highs in 2021 and is likely to see gradual growth in years to come.

Prices varied noticeably country of destination: the country with the highest price was Australia ($X per unit), while the average price for exports to Slovakia ($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 Turkey (+18.3%), while the prices for the other major destinations experienced more modest paces of growth.

Inflatable Vessel Imports

Imports into Ukraine

In 2021, the amount of inflatable vessels for pleasure or sports imported into Ukraine soared to X units, jumping by 42% on 2020 figures. In general, imports showed a modest increase. The most prominent rate of growth was recorded in 2015 when imports increased by 264%. As a result, imports attained the peak of X units. From 2016 to 2021, the growth of imports failed to regain momentum.

In value terms, inflatable vessel imports soared to $X in 2021. Over the period under review, imports continue to indicate resilient growth. The pace of growth was the most pronounced in 2015 when imports increased by 625%. Imports peaked in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, China (X units) constituted the largest supplier of inflatable vessel to Ukraine, accounting for a 70% share of total imports. Moreover, inflatable vessel imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), twofold.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at -2.8%.

In value terms, the United States ($X) constituted the largest supplier of inflatable vessel to Ukraine, comprising 85% of total imports. The second position in the ranking was held by China ($X), with an 11% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States amounted to +4.9%.

Import Prices by Country

In 2021, the average inflatable vessel import price amounted to $X per unit, growing by 388% against the previous year. In general, the import price continues to indicate a strong increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was the United States ($X per unit), while the price for China totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+36.7%).

Source: IndexBox Market Intelligence Platform

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