Croatia: Inflatable Vessel Market 2024

Inflatable Vessel Market Size in Croatia

In 2021, the Croatian inflatable vessel market decreased by -11.6% to $X, falling for the second consecutive year after four years of growth. In general, consumption recorded a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Inflatable Vessel Production in Croatia

In value terms, inflatable vessel production rose markedly to $X in 2021 estimated in export price. In general, production posted a resilient increase. The pace of growth appeared the most rapid in 2015 with an increase of 1,926% against the previous year. As a result, production reached the peak level of $X. From 2016 to 2021, production growth remained at a somewhat lower figure.

Inflatable Vessel Exports

Exports from Croatia

In 2021, exports of inflatable vessels for pleasure or sports from Croatia expanded sharply to X units, surging by 7.7% compared with 2020 figures. Overall, exports recorded significant growth. The growth pace was the most rapid in 2017 with an increase of 2,328% against the previous year. The exports peaked at X units in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, inflatable vessel exports skyrocketed to $X in 2021. In general, exports showed a significant increase. The growth pace was the most rapid in 2017 when exports increased by 2,614% against the previous year. The exports peaked in 2021 and are likely to see steady growth in the near future.

Exports by Country

Italy (X units), Slovenia (X units) and the Czech Republic (X units) were the main destinations of inflatable vessel exports from Croatia, with a combined 82% share of total exports.

From 2012 to 2021, the biggest increases were recorded for the Czech Republic (with a CAGR of +142.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X) emerged as the key foreign market for inflatable vessels for pleasure or sports exports from Croatia, comprising 49% of total exports. The second position in the ranking was taken by Slovenia ($X), with an 18% share of total exports. It was followed by Montenegro, with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Italy amounted to +106.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovenia (+40.9% per year) and Montenegro (+25.4% per year).

Export Prices by Country

The average inflatable vessel export price stood at $X per unit in 2021, picking up by 28% against the previous year. Overall, the export price posted a resilient increase. The most prominent rate of growth was recorded in 2020 when the average export price increased by 40% against the previous year. The export price peaked in 2021 and is likely to see steady growth in the near future.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Montenegro ($X per unit), while the average price for exports to Bosnia and Herzegovina ($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 Montenegro (+28.8%), while the prices for the other major destinations experienced more modest paces of growth.

Inflatable Vessel Imports

Imports into Croatia

In 2021, supplies from abroad of inflatable vessels for pleasure or sports decreased by -12.9% to X units, falling for the second consecutive year after four years of growth. Over the period under review, imports continue to indicate a pronounced reduction. The most prominent rate of growth was recorded in 2019 with an increase of 66%. As a result, imports attained the peak of X units. From 2020 to 2021, the growth of imports failed to regain momentum.

In value terms, inflatable vessel imports fell to $X in 2021. In general, imports, however, enjoyed perceptible growth. The pace of growth appeared the most rapid in 2016 with an increase of 105%. Imports peaked at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest inflatable vessel supplier to Croatia, with a 55% share of total imports. Moreover, inflatable vessel imports from China exceeded the figures recorded by the second-largest supplier, Slovenia (X units), threefold. Germany (X units) ranked third in terms of total imports with a 6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at -7.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovenia (+27.3% per year) and Germany (+34.4% per year).

In value terms, Slovenia ($X), Italy ($X) and China ($X) constituted the largest inflatable vessel suppliers to Croatia, together accounting for 67% of total imports. Germany, France, the Czech Republic and the Netherlands lagged somewhat behind, together accounting for a further 7.9%.

The Netherlands, with a CAGR of +34.1%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average inflatable vessel import price stood at $X per unit in 2021, increasing by 3.8% against the previous year. Over the period under review, the import price continues to indicate a strong increase. The most prominent rate of growth was recorded in 2016 an increase of 50% against the previous year. As a result, import price attained the peak level of $X per unit. From 2017 to 2021, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Italy ($X per unit), while the price for China ($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 (+5.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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