South-Eastern Asia: Inflatable Vessel Market 2025

Inflatable Vessel Market Size in South-Eastern Asia

In 2021, after two years of growth, there was significant decline in the Southeast Asian inflatable vessel market, when its value decreased by -7.1% to $X. The total consumption indicated a mild increase from 2012 to 2021: its value increased at an average annual rate of +1.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +31.9% against 2018 indices. The level of consumption peaked at $X in 2020, and then dropped in the following year.

Inflatable Vessel Production in South-Eastern Asia

In value terms, inflatable vessel production contracted to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the production volume increased by 29%. The level of production peaked at $X in 2020, and then reduced in the following year.

Inflatable Vessel Exports

Exports in South-Eastern Asia

In 2021, overseas shipments of inflatable vessels for pleasure or sports increased by 106% to X units, rising for the sixth year in a row after two years of decline. Over the period under review, exports enjoyed a prominent increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, inflatable vessel exports skyrocketed to $X in 2021. Overall, exports saw a notable increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Vietnam represented the largest exporting country with an export of about X units, which reached 65% of total exports. It was distantly followed by Indonesia (X units), committing a 31% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to inflatable vessel exports from Vietnam stood at +41.9%. At the same time, Indonesia (+79.3%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of +79.3% from 2012-2021. Vietnam (+50 p.p.) and Indonesia (+30 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest inflatable vessel supplying countries in South-Eastern Asia were Indonesia ($X) and Vietnam ($X).

Indonesia, with a CAGR of +42.5%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review.

Export Prices by Country

The export price in South-Eastern Asia stood at $X per unit in 2021, which is down by -23.6% against the previous year. Over the period under review, the export price recorded a abrupt setback. The most prominent rate of growth was recorded in 2014 when the export price increased by 16%. The level of export peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Indonesia ($X per unit), while Vietnam stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (-13.6%).

Inflatable Vessel Imports

Imports in South-Eastern Asia

In 2021, inflatable vessel imports in South-Eastern Asia skyrocketed to X units, with an increase of 82% against the previous year. Total imports indicated prominent growth from 2012 to 2021: its volume increased at an average annual rate of +6.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, inflatable vessel imports soared to $X in 2021. Overall, imports showed a relatively flat trend pattern. The level of import peaked at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Indonesia represented the major importing country with an import of around X units, which amounted to 54% of total imports. Thailand (X units) held the second position in the ranking, distantly followed by Malaysia (X units) and Singapore (X units). All these countries together held near 43% share of total imports.

From 2012 to 2021, average annual rates of growth with regard to inflatable vessel imports into Indonesia stood at +13.6%. At the same time, Malaysia (+18.6%) and Thailand (+3.1%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of +18.6% from 2012-2021. By contrast, Singapore (-10.7%) illustrated a downward trend over the same period. Indonesia (+25 p.p.) and Malaysia (+8.1 p.p.) significantly strengthened its position in terms of the total imports, while Thailand and Singapore saw its share reduced by -7.3% and -22.3% from 2012 to 2021, respectively.

In value terms, Indonesia ($X) constitutes the largest market for imported inflatable vessels for pleasure or sports in South-Eastern Asia, comprising 43% of total imports. The second position in the ranking was taken by Malaysia ($X), with a 20% share of total imports. It was followed by Singapore, with a 16% share.

From 2012 to 2021, the average annual growth rate of value in Indonesia stood at +6.3%. The remaining importing countries recorded the following average annual rates of imports growth: Malaysia (+7.8% per year) and Singapore (-9.0% per year).

Import Prices by Country

The import price in South-Eastern Asia stood at $X per unit in 2021, reducing by -23.2% against the previous year. Over the period under review, the import price saw a deep reduction. The most prominent rate of growth was recorded in 2020 an increase of 68% against the previous year. The level of import peaked at $X per unit in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Singapore ($X per unit), while Thailand ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+1.9%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :