EU: Inflatable Vessel Market 2025

Inflatable Vessel Market Size in the EU

The EU inflatable vessel market rose notably to $X in 2021, with an increase of 13% against the previous year. The market value increased at an average annual rate of +4.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked in 2021 and is expected to retain growth in the immediate term.

Inflatable Vessel Production in the EU

In value terms, inflatable vessel production contracted slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2019 with an increase of 27% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2021, production growth remained at a somewhat lower figure.

Inflatable Vessel Exports

Exports in the EU

In 2021, overseas shipments of inflatable vessels for pleasure or sports increased by 49% to X units, rising for the fifth consecutive year after two years of decline. Overall, exports posted prominent growth. The pace of growth was the most pronounced in 2020 when exports increased by 89% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in years to come.

In value terms, inflatable vessel exports skyrocketed to $X in 2021. Total exports indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +5.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +89.2% against 2015 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Belgium represented the major exporting country with an export of about X units, which amounted to 33% of total exports. It was distantly followed by Italy (X units), Spain (X units), France (X units), Poland (X units) and Germany (X units), together comprising a 53% share of total exports. Austria (X units) held a minor share of total exports.

From 2012 to 2021, average annual rates of growth with regard to inflatable vessel exports from Belgium stood at +30.9%. At the same time, Poland (+42.2%), Germany (+36.5%), Italy (+29.0%), Austria (+13.1%), Spain (+9.1%) and France (+7.3%) displayed positive paces of growth. Moreover, Poland emerged as the fastest-growing exporter exported in the European Union, with a CAGR of +42.2% from 2012-2021. Belgium (+19 p.p.), Italy (+7.4 p.p.), Poland (+7.2 p.p.) and Germany (+5.3 p.p.) significantly strengthened its position in terms of the total exports, while Austria, Spain and France saw its share reduced by -2.1%, -14.5% and -17.3% from 2012 to 2021, respectively.

In value terms, Italy ($X), Spain ($X) and France ($X) appeared to be the countries with the highest levels of exports in 2021, together comprising 63% of total exports. These countries were followed by Belgium, Germany, Austria and Poland, which together accounted for a further 19%.

Belgium, with a CAGR of +16.7%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in the European Union stood at $X per unit in 2021, reducing by -14.9% against the previous year. In general, the export price showed a abrupt decline. The pace of growth was the most pronounced in 2015 an increase of 16%. The level of export peaked at $X per unit in 2016; however, from 2017 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Italy ($X per unit), while Belgium ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Austria (-5.1%), while the other leaders experienced a decline in the export price figures.

Inflatable Vessel Imports

Imports in the EU

In 2021, the amount of inflatable vessels for pleasure or sports imported in the European Union skyrocketed to X units, increasing by 84% against 2020 figures. In general, imports showed strong growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, inflatable vessel imports surged to $X in 2021. Over the period under review, imports saw resilient growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

France represented the main importer of inflatable vessels for pleasure or sports in the European Union, with the volume of imports recording X units, which was approx. 29% of total imports in 2021. Italy (X units) ranks second in terms of the total imports with a 13% share, followed by Belgium (9.9%), Germany (7.2%), Spain (5.4%) and Sweden (5.3%). The following importers - Finland (X units), Austria (X units), Denmark (X units), Slovakia (X units), the Netherlands (X units) and Ireland (X units) - together made up 20% of total imports.

From 2012 to 2021, average annual rates of growth with regard to inflatable vessel imports into France stood at +12.3%. At the same time, Ireland (+46.1%), Austria (+29.6%), Belgium (+20.3%), Italy (+19.0%), Slovakia (+15.8%), Denmark (+15.3%), Finland (+14.4%), Spain (+11.8%), Germany (+9.5%), Sweden (+7.7%) and the Netherlands (+3.2%) displayed positive paces of growth. Moreover, Ireland emerged as the fastest-growing importer imported in the European Union, with a CAGR of +46.1% from 2012-2021. From 2012 to 2021, the share of Italy, Belgium, Austria and Ireland increased by +5, +4.3, +3 and +2 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, France ($X), Germany ($X) and Italy ($X) constituted the countries with the highest levels of imports in 2021, together comprising 50% of total imports. Spain, the Netherlands, Belgium, Sweden, Denmark, Finland, Austria, Ireland and Slovakia lagged somewhat behind, together comprising a further 36%.

Among the main importing countries, Ireland, with a CAGR of +41.7%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in the European Union stood at $X per unit in 2021, waning by -20% against the previous year. Over the period under review, the import price continues to indicate a perceptible curtailment. The most prominent rate of growth was recorded in 2016 an increase of 32% against the previous year. The level of import peaked at $X per unit in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was the Netherlands ($X per unit), while Slovakia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Slovakia (+9.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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