India: Inflatable Vessel Market 2024

Inflatable Vessel Market Size in India

The Indian inflatable vessel market contracted significantly to $X in 2021, declining by -75.9% 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). Overall, consumption recorded a dramatic slump. Inflatable vessel consumption peaked at $X in 2015; however, from 2016 to 2021, consumption stood at a somewhat lower figure.

Inflatable Vessel Exports

Exports from India

In 2021, exports of inflatable vessels for pleasure or sports from India soared to X units, surging by 340% compared with 2020 figures. Over the period under review, exports showed a buoyant expansion. The growth pace was the most rapid in 2013 with an increase of 518% against the previous year. As a result, the exports reached the peak of X units. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, inflatable vessel exports skyrocketed to $X in 2021. Overall, exports continue to indicate a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Kuwait (X units), Austria (X units) and Germany (X units) were the main destinations of inflatable vessel exports from India, with a combined 59% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Kuwait (with a CAGR of +22.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Austria ($X) emerged as the key foreign market for inflatable vessels for pleasure or sports exports from India, comprising 20% of total exports. The second position in the ranking was held by Kuwait ($X), with a 9.4% share of total exports. It was followed by Germany, with a 9.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Austria was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Kuwait (+45.0% per year) and Germany (+38.5% per year).

Export Prices by Country

The average inflatable vessel export price stood at $X per unit in 2021, with an increase of 263% against the previous year. In general, the export price showed significant growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external 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 Germany (+24.0%), while the prices for the other major destinations experienced more modest paces of growth.

Inflatable Vessel Imports

Imports into India

Inflatable vessel imports into India shrank remarkably to X units in 2021, waning by -60.3% compared with the year before. In general, imports continue to indicate a abrupt decline. The pace of growth was the most pronounced in 2019 when imports increased by 190%. Imports peaked at X units in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, inflatable vessel imports reduced remarkably to $X in 2021. Overall, imports continue to indicate a deep downturn. The growth pace was the most rapid in 2019 when imports increased by 69%. Imports peaked at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest inflatable vessel supplier to India, accounting for a 70% share of total imports. Moreover, inflatable vessel imports from China exceeded the figures recorded by the second-largest supplier, Hong Kong SAR (X units), more than tenfold. The third position in this ranking was taken by New Zealand (X units), with a 6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled -11.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Hong Kong SAR (-5.5% per year) and New Zealand (-11.5% per year).

In value terms, New Zealand ($X) constituted the largest supplier of inflatable vessels for pleasure or sports to India, comprising 69% of total imports. The second position in the ranking was taken by the Czech Republic ($X), with a 6.9% share of total imports. It was followed by China, with a 5.1% share.

From 2012 to 2021, the average annual growth rate of value from New Zealand stood at +14.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (-3.4% per year) and China (-27.5% per year).

Import Prices by Country

In 2021, the average inflatable vessel import price amounted to $X per unit, rising by 52% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by 129% against the previous year. As a result, import price reached the peak level of $X per unit. From 2019 to 2021, the average import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+50.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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