Eastern Asia: Inflatable Vessel Market 2024

Inflatable Vessel Market Size in Eastern Asia

In 2023, the East Asian inflatable vessel market increased by X% to $X, rising for the sixth consecutive year after three years of decline. Over the period under review, consumption recorded a resilient expansion. The level of consumption peaked in 2023 and is likely to see gradual growth in the near future.

Inflatable Vessel Production in Eastern Asia

In value terms, inflatable vessel production expanded markedly to $X in 2023 estimated in export price. Overall, production continues to indicate modest growth. The growth pace was the most rapid in 2015 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2016 to 2023, production growth failed to regain momentum.

Inflatable Vessel Exports

Exports in Eastern Asia

In 2023, exports of inflatable vessels for pleasure or sports in Eastern Asia rose notably to X units, increasing by X% against the year before. In general, exports, however, continue to indicate a sharp setback. The growth pace was the most rapid in 2018 when exports increased by X%. Over the period under review, the exports attained the peak figure at X units in 2021; however, from 2022 to 2023, the exports failed to regain momentum.

In value terms, inflatable vessel exports stood at $X in 2023. Overall, exports, however, showed a precipitous shrinkage. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2022 to 2023, the growth of the exports remained at a lower figure.

Exports by Country

Taiwan (Chinese) (X units) and Japan (X units) represented roughly X% of total exports in 2023. It was distantly followed by Hong Kong SAR (X units), comprising a X% share of total exports. South Korea (X units) held a little share of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Taiwan (Chinese) (with a CAGR of X%), while the other leaders experienced mixed trends in the exports figures.

In value terms, Japan ($X) remains the largest inflatable vessel supplier in Eastern Asia, comprising X% of total exports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a X% share of total exports. It was followed by Hong Kong SAR, with a X% share.

In Japan, inflatable vessel exports expanded at an average annual rate of X% over the period from 2012-2023. The remaining exporting countries recorded the following average annual rates of exports growth: Taiwan (Chinese) (X% per year) and Hong Kong SAR (X% per year).

Export Prices by Country

In 2023, the export price in Eastern Asia amounted to $X per unit, with a decrease of X% against the previous year. Overall, the export price, however, posted a significant expansion. The pace of growth was the most pronounced in 2022 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per unit, and then declined in the following year.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (X%), while the other leaders experienced more modest paces of growth.

Inflatable Vessel Imports

Imports in Eastern Asia

Inflatable vessel imports expanded rapidly to X units in 2023, picking up by X% compared with 2022. In general, imports enjoyed a resilient increase. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at X units in 2021; however, from 2022 to 2023, imports failed to regain momentum.

In value terms, inflatable vessel imports expanded rapidly to $X in 2023. Overall, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at $X in 2020; however, from 2021 to 2023, imports stood at a somewhat lower figure.

Imports by Country

In 2023, Japan (X units) was the largest importer of inflatable vessels for pleasure or sports, comprising X% of total imports. Taiwan (Chinese) (X units) ranks second in terms of the total imports with an X% share, followed by Hong Kong SAR (X%) and South Korea (X%).

Japan was also the fastest-growing in terms of the inflatable vessels for pleasure or sports imports, with a CAGR of X% from 2012 to 2023. At the same time, Taiwan (Chinese) (X%) and Hong Kong SAR (X%) displayed positive paces of growth. South Korea experienced a relatively flat trend pattern. While the share of Japan (X p.p.) and Taiwan (Chinese) (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Hong Kong SAR (X p.p.) and South Korea (X p.p.) displayed negative dynamics.

In value terms, Japan ($X) constitutes the largest market for imported inflatable vessels for pleasure or sports in Eastern Asia, comprising X% of total imports. The second position in the ranking was taken by South Korea ($X), with a X% share of total imports. It was followed by Hong Kong SAR, with an X% share.

From 2012 to 2023, the average annual growth rate of value in Japan was relatively modest. The remaining importing countries recorded the following average annual rates of imports growth: South Korea (X% per year) and Hong Kong SAR (X% per year).

Import Prices by Country

In 2023, the import price in Eastern Asia amounted to $X per unit, approximately mirroring the previous year. In general, the import price recorded a abrupt decrease. The pace of growth was the most pronounced in 2019 when the import price increased by X% against the previous year. Over the period under review, import prices hit record highs at $X per unit in 2012; however, from 2013 to 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was South Korea ($X per unit), while Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform