Global Inflatable Vessel Market 2023

Inflatable Vessel Market Size

In 2021, the global inflatable vessel market decreased by -6.6% to $X for the first time since 2014, thus ending a six-year rising trend. Over the period under review, consumption enjoyed prominent growth. Global consumption peaked at $X in 2020, and then reduced in the following year.

Inflatable Vessel Production

In value terms, inflatable vessel production dropped to $X in 2021 estimated in export price. In general, production, however, continues to indicate a resilient increase. The most prominent rate of growth was recorded in 2019 when the production volume increased by 35%. Global production peaked at $X in 2020, and then declined in the following year.

Inflatable Vessel Exports

Exports

In 2021, shipments abroad of inflatable vessels for pleasure or sports increased by 59% to X units, rising for the fifth consecutive year after two years of decline. In general, exports recorded buoyant growth. 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. Overall, exports recorded a resilient increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, China (X units), distantly followed by Belgium (X units), Italy (X units), Ukraine (X units), Vietnam (X units), Spain (X units) and France (X units) represented the major exporters of inflatable vessels for pleasure or sports, together achieving 71% of total exports. Poland (X units), Germany (X units), the UK (X units), Indonesia (X units), the United States (X units) and Austria (X units) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Indonesia (with a CAGR of +79.3%), while shipments for the other global leaders experienced more modest paces of growth.

In value terms, China ($X) remains the largest inflatable vessel supplier worldwide, comprising 44% of global exports. The second position in the ranking was held by Italy ($X), with a 10% share of global exports. It was followed by Ukraine, with a 7.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value in China amounted to +13.8%. The remaining exporting countries recorded the following average annual rates of exports growth: Italy (+5.8% per year) and Ukraine (+16.1% per year).

Export Prices by Country

The average inflatable vessel export price stood at $X per unit in 2021, waning by -4.6% against the previous year. In general, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 an increase of 52% against the previous year. The global export price peaked at $X per unit in 2016; however, from 2017 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was China ($X per unit), while Vietnam ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ukraine (+21.0%), while the other global leaders experienced more modest paces of growth.

Inflatable Vessel Imports

Imports

For the fifth consecutive year, the global market recorded growth in overseas purchases of inflatable vessels for pleasure or sports, which increased by 47% to X units in 2021. Overall, imports posted a resilient increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, inflatable vessel imports skyrocketed to $X in 2021. Over the period under review, total imports indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +7.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +97.8% against 2016 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The United States was the largest importing country with an import of about X units, which reached 32% of total imports. It was distantly followed by the UK (X units), France (X units), Italy (X units) and Australia (X units), together achieving a 35% share of total imports. Belgium (X units), Germany (X units), Spain (X units), Sweden (X units), Finland (X units) and Austria (X units) took a minor share of total imports.

Imports into the United States increased at an average annual rate of +17.1% from 2012 to 2021. At the same time, Austria (+29.6%), Belgium (+20.3%), Italy (+19.0%), Finland (+14.4%), Australia (+12.7%), France (+12.3%), the UK (+12.3%), Spain (+11.8%), Germany (+9.5%) and Sweden (+7.7%) displayed positive paces of growth. Moreover, Austria emerged as the fastest-growing importer imported in the world, with a CAGR of +29.6% from 2012-2021. While the share of the United States (+10 p.p.), Italy (+2.2 p.p.) and Belgium (+1.9 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X), France ($X) and Germany ($X) appeared to be the countries with the highest levels of imports in 2021, with a combined 39% share of global imports. Italy, the UK, Australia, Spain, Belgium, Sweden, Finland and Austria lagged somewhat behind, together accounting for a further 29%.

Among the main importing countries, Finland, with a CAGR of +17.5%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

The average inflatable vessel import price stood at $X per unit in 2021, with a decrease of -4.5% against the previous year. In general, the import price saw a noticeable slump. The most prominent rate of growth was recorded in 2016 when the average import price increased by 12%. Over the period under review, average import prices reached the maximum at $X per unit in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Germany ($X per unit), while the UK ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+8.7%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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