Southern Asia: Inflatable Vessel Market 2024

Inflatable Vessel Market Size in Southern Asia

The South Asian inflatable vessel market rose to $X in 2023, increasing by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the maximum level at $X in 2021; however, from 2022 to 2023, consumption failed to regain momentum.

Inflatable Vessel Production in Southern Asia

In value terms, inflatable vessel production reached $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2021; however, from 2022 to 2023, production remained at a lower figure.

Inflatable Vessel Exports

Exports in Southern Asia

In 2023, the amount of inflatable vessels for pleasure or sports exported in Southern Asia surged to X units, rising by X% against the year before. Overall, exports recorded a resilient increase. The growth pace was the most rapid in 2015 with an increase of X%. The volume of export peaked at X units in 2019; however, from 2020 to 2023, the exports remained at a lower figure.

In value terms, inflatable vessel exports soared to $X in 2023. In general, exports recorded a significant expansion. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2016 to 2023, the growth of the exports failed to regain momentum.

Exports by Country

Sri Lanka represented the key exporter of inflatable vessels for pleasure or sports in Southern Asia, with the volume of exports accounting for X units, which was near X% of total exports in 2023. It was distantly followed by India (X units), achieving a X% share of total exports. Pakistan (X units) followed a long way behind the leaders.

Sri Lanka was also the fastest-growing in terms of the inflatable vessels for pleasure or sports exports, with a CAGR of X% from 2012 to 2023. At the same time, India (X%) displayed positive paces of growth. Pakistan experienced a relatively flat trend pattern. Sri Lanka (X p.p.) significantly strengthened its position in terms of the total exports, while Pakistan and India saw its share reduced by X% and X% from 2012 to 2023, respectively.

In value terms, the largest inflatable vessel supplying countries in Southern Asia were Sri Lanka ($X), India ($X) and Pakistan ($X).

Sri Lanka, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Southern Asia stood at $X per unit in 2023, shrinking by X% against the previous year. Overall, the export price, however, saw a buoyant increase. The pace of growth was the most pronounced in 2015 when the export price increased by X%. As a result, the export price reached the peak level of $X per unit. From 2016 to 2023, 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 India ($X per unit), while Pakistan ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Sri Lanka (X%), while the other leaders experienced more modest paces of growth.

Inflatable Vessel Imports

Imports in Southern Asia

In 2023, supplies from abroad of inflatable vessels for pleasure or sports decreased by X% to X units, falling for the second year in a row after three years of growth. Total imports indicated a slight increase from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X units in 2021; however, from 2022 to 2023, imports remained at a lower figure.

In value terms, inflatable vessel imports shrank modestly to $X in 2023. Over the period under review, imports saw a noticeable decline. The most prominent rate of growth was recorded in 2019 when imports increased by X%. As a result, imports attained the peak of $X. From 2020 to 2023, the growth of imports remained at a somewhat lower figure.

Imports by Country

The countries with the highest levels of inflatable vessel imports in 2023 were Bangladesh (X units), India (X units) and Maldives (X units), together recording X% of total import. It was distantly followed by Pakistan (X units), achieving a X% share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Pakistan (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Bangladesh ($X) constitutes the largest market for imported inflatable vessels for pleasure or sports in Southern Asia, comprising X% of total imports. The second position in the ranking was taken by Pakistan ($X), with a X% share of total imports. It was followed by Maldives, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in Bangladesh totaled X%. In the other countries, the average annual rates were as follows: Pakistan (X% per year) and Maldives (X% per year).

Import Prices by Country

In 2023, the import price in Southern Asia amounted to $X per unit, rising by X% against the previous year. In general, the import price, however, showed a perceptible decrease. The most prominent rate of growth was recorded in 2019 an increase of X%. Over the period under review, import prices hit record highs at $X per unit in 2012; however, from 2013 to 2023, import prices failed to regain momentum.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Maldives (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform