Japan: Inflatable Vessel Market 2024

Inflatable Vessel Market Size in Japan

In 2021, the Japanese inflatable vessel market decreased by -5.6% to $X for the first time since 2018, thus ending a two-year rising trend. Overall, the total consumption indicated a pronounced increase from 2012 to 2021: its value increased at an average annual rate of +3.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +95.9% against 2016 indices. Inflatable vessel consumption peaked at $X in 2020, and then contracted in the following year.

Inflatable Vessel Production in Japan

In value terms, inflatable vessel production fell to $X in 2021 estimated in export price. In general, the total production indicated a tangible expansion from 2012 to 2021: its value increased at an average annual rate of +2.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +88.9% against 2016 indices. The most prominent rate of growth was recorded in 2017 when the production volume increased by 68%. Inflatable vessel production peaked at $X in 2020, and then contracted in the following year.

Inflatable Vessel Exports

Exports from Japan

In 2021, shipments abroad of inflatable vessels for pleasure or sports was finally on the rise to reach X units after three years of decline. Overall, total exports indicated a prominent expansion from 2012 to 2021: its volume increased at an average annual rate of +5.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, inflatable vessel exports surged to $X in 2021. In general, exports showed a strong expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X units) was the main destination for inflatable vessel exports from Japan, accounting for a 34% share of total exports. Moreover, inflatable vessel exports to the United States exceeded the volume sent to the second major destination, Fiji (X units), threefold. Canada (X units) ranked third in terms of total exports with a 10% share.

From 2012 to 2021, the average annual growth rate of volume to the United States totaled +2.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Fiji (+83.5% per year) and Canada (+1.4% per year).

In value terms, Fiji ($X), the United States ($X) and China ($X) appeared to be the largest markets for inflatable vessel exported from Japan worldwide, with a combined 71% share of total exports.

Fiji, with a CAGR of +72.9%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination 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, with an increase of 41% against the previous year. Overall, the export price recorded a relatively flat trend pattern. 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 foreign markets. In 2021, amid the top suppliers, the country with the highest price was Fiji ($X per unit), while the average price for exports to Kyrgyzstan ($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 China (+14.0%), while the prices for the other major destinations experienced a decline.

Inflatable Vessel Imports

Imports into Japan

After two years of decline, purchases abroad of inflatable vessels for pleasure or sports increased by 22% to X units in 2021. Over the period under review, imports enjoyed a strong increase. The pace of growth appeared the most rapid in 2016 when imports increased by 56%. Imports peaked in 2021 and are expected to retain growth in years to come.

In value terms, inflatable vessel imports totaled $X in 2021. In general, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of 22% against the previous year. Imports peaked in 2021 and are likely to see steady growth in years to come.

Imports by Country

In 2021, China (X units) constituted the largest inflatable vessel supplier to Japan, accounting for a 82% share of total imports. Moreover, inflatable vessel imports from China exceeded the figures recorded by the second-largest supplier, the Philippines (X units), fivefold.

From 2012 to 2021, the average annual growth rate of volume from China stood at +10.2%.

In value terms, the largest inflatable vessel suppliers to Japan were the Philippines ($X) and China ($X).

Among the main suppliers, the Philippines, with a CAGR of +40.1%, saw the highest growth rate of the value of imports, over the period under review.

Import Prices by Country

The average inflatable vessel import price stood at $X per unit in 2021, dropping by -13.8% against the previous year. In general, the import price continues to indicate a deep contraction. The most prominent rate of growth was recorded in 2020 an increase of 25% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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 the Philippines ($X per unit), while the price for China amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Philippines (+0.7%).

Source: IndexBox Platform

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