Mexico: Inflatable Vessel Market 2024

Inflatable Vessel Market Size in Mexico

In 2021, after four years of growth, there was significant decline in the Mexican inflatable vessel market, when its value decreased by -11.6% to $X. Overall, the total consumption indicated a noticeable increase from 2012 to 2021: its value increased at an average annual rate of +4.6% 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 +83.5% against 2016 indices. Over the period under review, the market reached the maximum level at $X in 2020, and then fell in the following year.

Inflatable Vessel Production in Mexico

In value terms, inflatable vessel production dropped to $X in 2021 estimated in export price. Over the period under review, the total production indicated a noticeable expansion from 2012 to 2021: its value increased at an average annual rate of +4.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +76.4% against 2016 indices. The most prominent rate of growth was recorded in 2017 when the production volume increased by 34% against the previous year. Inflatable vessel production peaked at $X in 2020, and then declined in the following year.

Inflatable Vessel Exports

Exports from Mexico

In 2021, the amount of inflatable vessels for pleasure or sports exported from Mexico fell notably to X units, shrinking by -76.9% on the previous year's figure. In general, exports showed a abrupt curtailment. The growth pace was the most rapid in 2014 when exports increased by 22%. Over the period under review, the exports attained the maximum at X units in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, inflatable vessel exports contracted sharply to $X in 2021. Overall, exports showed a abrupt curtailment. The pace of growth was the most pronounced in 2015 when exports increased by 27%. Over the period under review, the exports attained the peak figure at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Canada (X units) was the main destination for inflatable vessel exports from Mexico, with a 49% share of total exports. Moreover, inflatable vessel exports to Canada exceeded the volume sent to the second major destination, Turkey (X units), threefold. The third position in this ranking was taken by the United States (X units), with a 14% share.

From 2012 to 2021, the average annual growth rate of volume to Canada was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (+19.8% per year) and the United States (-33.3% per year).

In value terms, Canada ($X), the United States ($X) and the UK ($X) constituted the largest markets for inflatable vessel exported from Mexico worldwide, with a combined 66% share of total exports.

The UK, with a CAGR of +28.1%, saw the highest growth rate of 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

In 2021, the average inflatable vessel export price amounted to $X per unit, reducing by -52.3% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2020 an increase of 39% against the previous year. As a result, the export price attained the peak level of $X per unit, and then reduced dramatically in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per unit), while the average price for exports to the Netherlands ($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 the UK (+23.7%), while the prices for the other major destinations experienced more modest paces of growth.

Inflatable Vessel Imports

Imports into Mexico

In 2021, supplies from abroad of inflatable vessels for pleasure or sports decreased by -14.8% to X units, falling for the second year in a row after four years of growth. In general, imports recorded a abrupt descent. The pace of growth appeared the most rapid in 2017 with an increase of 80%. Over the period under review, imports attained the peak figure at X units in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, inflatable vessel imports fell rapidly to $X in 2021. Over the period under review, imports saw a sharp contraction. The smallest decline of -1.1% was in 2019. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, the United States (X units) constituted the largest supplier of inflatable vessel to Mexico, with a 43% share of total imports. Moreover, inflatable vessel imports from the United States exceeded the figures recorded by the second-largest supplier, Singapore (X units), threefold. The third position in this ranking was held by China (X units), with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States amounted to -10.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (+16.7% per year) and China (-23.9% per year).

In value terms, the largest inflatable vessel suppliers to Mexico were China ($X), the United States ($X) and Colombia ($X), with a combined 44% share of total imports. These countries were followed by Canada, Singapore, the Czech Republic and Austria, which together accounted for a further 11%.

In terms of the main suppliers, Canada, with a CAGR of +17.2%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average inflatable vessel import price amounted to $X per unit, with a decrease of -36.1% against the previous year. In general, the import price faced a abrupt shrinkage. The most prominent rate of growth was recorded in 2014 when the average import price increased by 114% against the previous year. The import price peaked at $X per unit in 2015; however, from 2016 to 2021, 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 Colombia ($X per unit), while the price for Austria ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+8.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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