Belgium: Inflatable Vessel Market 2024

Inflatable Vessel Market Size in Belgium

The Belgian inflatable vessel market shrank to $X in 2021, declining by -14.7% against the previous year. In general, consumption, however, saw buoyant growth. As a result, consumption attained the peak level of $X, and then reduced in the following year.

Inflatable Vessel Production in Belgium

In value terms, inflatable vessel production dropped notably to $X in 2021 estimated in export price. Overall, production, however, saw strong growth. The pace of growth was the most pronounced in 2020 with an increase of 1,649%. As a result, production reached the peak level of $X, and then reduced sharply in the following year.

Inflatable Vessel Exports

Exports from Belgium

For the third year in a row, Belgium recorded growth in overseas shipments of inflatable vessels for pleasure or sports, which increased by 42% to X units in 2021. Over the period under review, exports showed a significant increase. The growth pace was the most rapid in 2020 when exports increased by 393% against the previous year. The exports peaked in 2021 and are expected to retain growth in the near future.

In value terms, inflatable vessel exports skyrocketed to $X in 2021. Overall, exports posted strong growth. The pace of growth was the most pronounced in 2020 with an increase of 245% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in the near future.

Exports by Country

France (X units) was the main destination for inflatable vessel exports from Belgium, accounting for a 49% share of total exports. Moreover, inflatable vessel exports to France exceeded the volume sent to the second major destination, Germany (X units), threefold. The third position in this ranking was taken by Italy (X units), with a 7.8% share.

From 2012 to 2021, the average annual growth rate of volume to France amounted to +31.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+39.3% per year) and Italy (+39.0% per year).

In value terms, France ($X), Germany ($X) and Italy ($X) constituted the largest markets for inflatable vessel exported from Belgium worldwide, together accounting for 64% of total exports. The UK, Spain, Poland and the Netherlands lagged somewhat behind, together comprising a further 24%.

Among the main countries of destination, Spain, with a CAGR of +31.0%, recorded 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, which is down by -15.4% against the previous year. In general, the export price recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2016 an increase of 24% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to France ($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 the Netherlands (-2.1%), while the prices for the other major destinations experienced a decline.

Inflatable Vessel Imports

Imports into Belgium

For the fifth year in a row, Belgium recorded growth in supplies from abroad of inflatable vessels for pleasure or sports, which increased by 43% to X units in 2021. Overall, imports saw significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 110%. Imports peaked in 2021 and are likely to continue growth in the immediate term.

In value terms, inflatable vessel imports skyrocketed to $X in 2021. In general, imports enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2020 when imports increased by 98% against the previous year. Over the period under review, imports attained the maximum 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 Belgium, accounting for a 86% share of total imports. Moreover, inflatable vessel imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), more than tenfold. The third position in this ranking was held by France (X units), with a 3.8% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +22.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+13.7% per year) and France (+4.0% per year).

In value terms, China ($X) constituted the largest supplier of inflatable vessels for pleasure or sports to Belgium, comprising 88% of total imports. The second position in the ranking was held by France ($X), with a 4.5% share of total imports. It was followed by Germany, with a 1.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +15.9%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+11.0% per year) and Germany (+17.1% per year).

Import Prices by Country

The average inflatable vessel import price stood at $X per unit in 2021, with a decrease of -14.4% against the previous year. Overall, the import price showed a pronounced setback. The most prominent rate of growth was recorded in 2016 an increase of 81%. As a result, import price reached the peak level of $X per unit. From 2017 to 2021, the average import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+6.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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