Portugal: Inflatable Vessel Market 2024

Inflatable Vessel Market Size in Portugal

The Portuguese inflatable vessel market soared to $X in 2021, jumping by 60% against the previous year. Overall, consumption showed a strong increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Inflatable Vessel Production in Portugal

In value terms, inflatable vessel production contracted to $X in 2021 estimated in export price. Overall, production, however, continues to indicate strong growth. The most prominent rate of growth was recorded in 2018 with an increase of 25% against the previous year. Inflatable vessel production peaked at $X in 2020, and then reduced in the following year.

Inflatable Vessel Exports

Exports from Portugal

After two years of growth, shipments abroad of inflatable vessels for pleasure or sports decreased by -8% to X units in 2021. Over the period under review, exports recorded a deep contraction. The most prominent rate of growth was recorded in 2019 with an increase of 281% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, inflatable vessel exports fell to $X in 2021. In general, exports recorded a slight decrease. The most prominent rate of growth was recorded in 2019 when exports increased by 442%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Spain (X units) was the main destination for inflatable vessel exports from Portugal, with a 88% share of total exports. It was followed by Germany (X units), with a 2.5% share of total exports. The Netherlands (X units) ranked third in terms of total exports with a 2.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Spain amounted to +20.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+22.0% per year) and the Netherlands (+14.3% per year).

In value terms, Spain ($X) remains the key foreign market for inflatable vessels for pleasure or sports exports from Portugal, comprising 65% of total exports. The second position in the ranking was held by Germany ($X), with a 7.7% share of total exports. It was followed by the Netherlands, with a 5% share.

From 2012 to 2021, the average annual growth rate of value to Spain amounted to +26.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+34.2% per year) and the Netherlands (+29.7% per year).

Export Prices by Country

The average inflatable vessel export price stood at $X per unit in 2021, stabilizing at the previous year. Over the period under review, the export price, however, enjoyed perceptible growth. The growth pace was the most rapid in 2015 an increase of 82% against the previous year. The export price peaked at $X per unit in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

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 ($X per unit), while the average price for exports to Angola ($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 Netherlands (+13.2%), while the prices for the other major destinations experienced more modest paces of growth.

Inflatable Vessel Imports

Imports into Portugal

Inflatable vessel imports into Portugal skyrocketed to X units in 2021, surging by 60% against the previous year. Over the period under review, imports posted a prominent increase. The growth pace was the most rapid in 2020 with an increase of 84% against the previous year. Over the period under review, imports reached the maximum in 2021 and are likely to continue growth in years to come.

In value terms, inflatable vessel imports skyrocketed to $X in 2021. Overall, imports saw a prominent expansion. The most prominent rate of growth was recorded in 2016 with an increase of 60%. Imports peaked in 2021 and are likely to see gradual growth in the near future.

Imports by Country

France (X units), China (X units) and Germany (X units) were the main suppliers of inflatable vessel imports to Portugal, together accounting for 75% of total imports. These countries were followed by Spain, Belgium and Ukraine, which together accounted for a further 22%.

From 2012 to 2021, the biggest increases were recorded for Ukraine (with a CAGR of +58.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest inflatable vessel suppliers to Portugal were France ($X), Belgium ($X) and Spain ($X), together comprising 45% of total imports. These countries were followed by China, Ukraine and Germany, which together accounted for a further 21%.

In terms of the main suppliers, Ukraine, with a CAGR of +49.0%, 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 average inflatable vessel import price stood at $X per unit in 2021, with a decrease of -4.9% against the previous year. In general, the import price, however, showed a tangible increase. The pace of growth was the most pronounced in 2019 when the average import price increased by 122% against the previous year. As a result, import price reached the peak level of $X per unit. From 2020 to 2021, the average import prices remained at a lower figure.

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 Ukraine ($X per unit), while the price for Germany ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+20.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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