Ecuador: Inflatable Vessel Market 2025

Inflatable Vessel Market Size in Ecuador

The Ecuadorian inflatable vessel market contracted to $X in 2021, reducing by -12.3% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption faced a deep contraction. Inflatable vessel consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Inflatable Vessel Exports

Exports from Ecuador

In 2021, inflatable vessel exports from Ecuador amounted to X units, picking up by 4.3% on the previous year. Overall, exports saw a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of 3,100%. Over the period under review, the exports hit record highs at X units in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, inflatable vessel exports amounted to $X in 2021. In general, exports saw a significant increase. The growth pace was the most rapid in 2013 with an increase of 2,551% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

Spain (X units) was the main destination for inflatable vessel exports from Ecuador, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Spain totaled +42.3%.

In value terms, the United States ($X) remains the key foreign market for inflatable vessels for pleasure or sports exports from Ecuador, comprising 95% of total exports. The second position in the ranking was taken by Spain ($X), with a 4.9% share of total exports.

From 2012 to 2021, the average annual growth rate of value to the United States stood at +67.8%.

Export Prices by Country

In 2021, the average inflatable vessel export price amounted to $X per unit, dropping by -4.2% against the previous year. In general, the export price, however, recorded a prominent expansion. The most prominent rate of growth was recorded in 2015 when the average export price increased by 138%. Over the period under review, the average export prices attained the peak figure at $X per unit in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Spain.

From 2012 to 2021, the rate of growth in terms of prices for the United States amounted to +119.4% per year.

Inflatable Vessel Imports

Imports into Ecuador

In 2021, imports of inflatable vessels for pleasure or sports into Ecuador declined dramatically to X units, falling by -36.8% against 2020 figures. In general, imports continue to indicate a abrupt downturn. The pace of growth was the most pronounced in 2017 with an increase of 406% against the previous year. Imports peaked at X units in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, inflatable vessel imports skyrocketed to $X in 2021. Overall, imports continue to indicate a noticeable decline. The most prominent rate of growth was recorded in 2017 with an increase of 299% against the previous year. Over the period under review, imports reached the peak figure at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X units) was the main inflatable vessel supplier to Ecuador, with a 95% share of total imports. It was followed by the United States (X units), with a 2% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at -4.3%.

In value terms, China ($X) constituted the largest supplier of inflatable vessels for pleasure or sports to Ecuador, comprising 11% of total imports. The second position in the ranking was held by Chile ($X), with a 3.6% share of total imports.

From 2012 to 2021, the average annual growth rate of value from China amounted to +10.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Chile (-20.8% per year) and the United States (-9.1% per year).

Import Prices by Country

In 2021, the average inflatable vessel import price amounted to $X per unit, surging by 136% against the previous year. In general, the import price saw a prominent expansion. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Chile (+76.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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