Slovakia: Inflatable Vessel Market 2024

Inflatable Vessel Market Size in Slovakia

The Slovak inflatable vessel market surged to $X in 2021, increasing by 111% 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). Over the period under review, consumption showed significant growth. Inflatable vessel consumption peaked in 2021 and is expected to retain growth in the near future.

Inflatable Vessel Exports

Exports from Slovakia

In 2021, approx. X units of inflatable vessels for pleasure or sports were exported from Slovakia; picking up by 65% against 2020 figures. In general, exports continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2020 with an increase of 328%. The exports peaked in 2021 and are expected to retain growth in the near future.

In value terms, inflatable vessel exports soared to $X in 2021. Overall, exports recorded a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 254% against the previous year. The exports peaked in 2021 and are likely to continue growth in the near future.

Exports by Country

The Czech Republic (X units), Poland (X units) and Hungary (X units) were the main destinations of inflatable vessel exports from Slovakia, with a combined 75% share of total exports. These countries were followed by Germany, France, Italy and Austria, which together accounted for a further 18%.

From 2012 to 2021, the biggest increases were recorded for France (with a CAGR of +166.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for inflatable vessel exported from Slovakia were Hungary ($X), Germany ($X) and the Czech Republic ($X), with a combined 56% share of total exports. These countries were followed by Poland, France, Austria and Italy, which together accounted for a further 22%.

Among the main countries of destination, France, with a CAGR of +156.5%, saw the highest rates of growth with regard to the value of exports, 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, which is down by -5.9% against the previous year. Over the period under review, the export price, however, showed a notable expansion. The most prominent rate of growth was recorded in 2014 an increase of 60% against the previous year. The export price peaked at $X per unit in 2016; however, from 2017 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Austria ($X per unit), while the average price for exports to Poland ($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 (+13.2%), while the prices for the other major destinations experienced mixed trend patterns.

Inflatable Vessel Imports

Imports into Slovakia

For the fourth year in a row, Slovakia recorded growth in purchases abroad of inflatable vessels for pleasure or sports, which increased by 86% to X units in 2021. In general, imports enjoyed a buoyant expansion. The pace of growth appeared the most rapid in 2016 with an increase of 127% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are likely to see steady growth in the near future.

In value terms, inflatable vessel imports surged to $X in 2021. Over the period under review, imports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2016 when imports increased by 191% against the previous year. Over the period under review, imports reached the maximum in 2021 and are likely to see steady growth in the immediate term.

Imports by Country

In 2021, the Czech Republic (X units) constituted the largest inflatable vessel supplier to Slovakia, accounting for a 45% share of total imports. Moreover, inflatable vessel imports from the Czech Republic exceeded the figures recorded by the second-largest supplier, China (X units), twofold. The third position in this ranking was held by Germany (X units), with a 17% share.

From 2012 to 2021, the average annual growth rate of volume from the Czech Republic stood at +30.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+4.6% per year) and Germany (+8.5% per year).

In value terms, the Czech Republic ($X) constituted the largest supplier of inflatable vessels for pleasure or sports to Slovakia, comprising 42% of total imports. The second position in the ranking was taken by Ukraine ($X), with a 14% share of total imports. It was followed by Hungary, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the Czech Republic totaled +44.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Ukraine (+26.1% per year) and Hungary (+78.2% per year).

Import Prices by Country

In 2021, the average inflatable vessel import price amounted to $X per unit, jumping by 26% against the previous year. Over the period under review, the import price continues to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2018 an increase of 30%. As a result, import price attained the peak level of $X per unit. From 2019 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 Hungary ($X per unit), while the price for Germany ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Czech Republic (+10.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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