Vietnam: Inflatable Vessel Market 2024

Inflatable Vessel Market Size in Vietnam

The Vietnamese inflatable vessel market expanded to $X in 2022, picking up by X% against the previous year. Over the period under review, consumption showed a abrupt slump. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Inflatable Vessel Production in Vietnam

In value terms, inflatable vessel production rose sharply to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a noticeable slump. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% against the previous year. Inflatable vessel production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

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Inflatable Vessel Exports

Exports from Vietnam

In 2022, approx. X units of inflatable vessels for pleasure or sports were exported from Vietnam; picking up by X% on the previous year's figure. Overall, exports posted significant growth. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, inflatable vessel exports expanded notably to $X in 2022. Over the period under review, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2019 with an increase of X%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

Exports by Country

The United States (X units) was the main destination for inflatable vessel exports from Vietnam, with a X% share of total exports. Moreover, inflatable vessel exports to the United States exceeded the volume sent to the second major destination, France (X units), sevenfold. The Netherlands (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (X% per year) and the Netherlands (X% per year).

In value terms, the United States ($X) remains the key foreign market for inflatable vessels for pleasure or sports exports from Vietnam, comprising X% of total exports. The second position in the ranking was held by France ($X), with a X% share of total exports. It was followed by the Netherlands, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (X% per year) and the Netherlands (X% per year).

Export Prices by Country

In 2022, the average inflatable vessel export price amounted to $X per unit, leveling off at the previous year. Overall, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the average export price increased by X%. The export price peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were South Korea ($X per unit) and the Netherlands ($X per unit), while the average price for exports to France ($X per unit) and the United States ($X per unit) were amongst the lowest.

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

Inflatable Vessel Imports

Imports into Vietnam

In 2022, inflatable vessel imports into Vietnam plummeted to X units, reducing by X% against 2021 figures. Overall, imports continue to indicate a pronounced contraction. The most prominent rate of growth was recorded in 2015 with an increase of X%. Imports peaked at X units in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, inflatable vessel imports declined significantly to $X in 2022. In general, imports showed a perceptible contraction. The pace of growth was the most pronounced in 2015 when imports increased by X%. Imports peaked at $X in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) was the main supplier of inflatable vessel to Vietnam, accounting for a X% share of total imports. Moreover, inflatable vessel imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled X%.

In value terms, China ($X) constituted the largest supplier of inflatable vessels for pleasure or sports to Vietnam, comprising X% of total imports. The second position in the ranking was taken by the United States ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to X%.

Import Prices by Country

In 2022, the average inflatable vessel import price amounted to $X per unit, approximately reflecting the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 an increase of X%. As a result, import price attained the peak level of $X per unit. From 2015 to 2022, the average import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per unit), while the price for the United States amounted to $X per unit.

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

Source: IndexBox Platform

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