MERCOSUR: Inflatable Vessel Market 2024

Inflatable Vessel Market Size in MERCOSUR

In 2021, after five years of growth, there was significant decline in the MERCOSUR inflatable vessel market, when its value decreased by -9.6% to $X. In general, consumption recorded a prominent expansion. Over the period under review, the market reached the peak level at $X in 2020, and then declined in the following year.

Inflatable Vessel Production in MERCOSUR

In value terms, inflatable vessel production shrank to $X in 2021 estimated in export price. Over the period under review, production, however, saw a strong increase. The most prominent rate of growth was recorded in 2019 with an increase of 42% against the previous year. Over the period under review, production reached the peak level at $X in 2020, and then contracted in the following year.

Inflatable Vessel Exports

Exports in MERCOSUR

In 2021, shipments abroad of inflatable vessels for pleasure or sports was finally on the rise to reach X units for the first time since 2017, thus ending a three-year declining trend. Total exports indicated perceptible growth from 2012 to 2021: its volume increased at an average annual rate of +4.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, inflatable vessel exports skyrocketed to $X in 2021. Total exports indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +6.8% over the last nine-year period. 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.

Exports by Country

Colombia dominates exports structure, recording X units, which was near 87% of total exports in 2021. It was distantly followed by Brazil (X units), creating a 4.6% share of total exports. The following exporters - Chile (X units) and Venezuela (X units) - together made up 6.7% of total exports.

From 2012 to 2021, average annual rates of growth with regard to inflatable vessel exports from Colombia stood at +5.3%. At the same time, Chile (+9.2%) and Brazil (+8.4%) displayed positive paces of growth. Moreover, Chile emerged as the fastest-growing exporter exported in MERCOSUR, with a CAGR of +9.2% from 2012-2021. By contrast, Venezuela (-7.8%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Colombia increased by +2.6 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Colombia ($X) remains the largest inflatable vessel supplier in MERCOSUR, comprising 86% of total exports. The second position in the ranking was held by Brazil ($X), with a 5.9% share of total exports. It was followed by Venezuela, with a 4.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Colombia totaled +8.4%. In the other countries, the average annual rates were as follows: Brazil (+5.1% per year) and Venezuela (-6.2% per year).

Export Prices by Country

The export price in MERCOSUR stood at $X per unit in 2021, waning by -10.8% against the previous year. Over the last nine years, it increased at an average annual rate of +1.8%. The most prominent rate of growth was recorded in 2019 when the export price increased by 26%. As a result, the export price attained the peak level of $X per unit. From 2020 to 2021, the export prices remained 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 Venezuela ($X per unit), while Chile ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Colombia (+2.9%), while the other leaders experienced mixed trends in the export price figures.

Inflatable Vessel Imports

Imports in MERCOSUR

In 2021, supplies from abroad of inflatable vessels for pleasure or sports was finally on the rise to reach X units after two years of decline. In general, imports enjoyed a buoyant increase. Over the period under review, imports attained the maximum at X units in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, inflatable vessel imports soared to $X in 2021. Over the period under review, imports continue to indicate a measured expansion. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Paraguay dominates imports structure, finishing at X units, which was approx. 86% of total imports in 2021. It was distantly followed by Uruguay (X units), constituting a 5.7% share of total imports. The following importers - Brazil (X units), Chile (X units) and Guyana (X units) - together made up 7.6% of total imports.

Paraguay was also the fastest-growing in terms of the inflatable vessels for pleasure or sports imports, with a CAGR of +18.0% from 2012 to 2021. At the same time, Guyana (+14.2%) displayed positive paces of growth. By contrast, Uruguay (-3.2%), Brazil (-7.2%) and Chile (-7.8%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Paraguay increased by +40 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Chile ($X), Brazil ($X) and Uruguay ($X) were the countries with the highest levels of imports in 2021, together accounting for 70% of total imports.

Chile, with a CAGR of +8.2%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in MERCOSUR stood at $X per unit in 2021, declining by -46.9% against the previous year. Over the period under review, the import price recorded a abrupt descent. The most prominent rate of growth was recorded in 2020 when the import price increased by 121% against the previous year. Over the period under review, import prices attained the maximum at $X per unit in 2013; however, from 2014 to 2021, import prices remained at a 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 Chile ($X per unit), while Paraguay ($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 (+17.4%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform