Australia: Inflatable Vessel Market 2024

Inflatable Vessel Market Size in Australia

The Australian inflatable vessel market was estimated at less than $X in 2023, approximately reflecting the previous year. Over the period under review, consumption posted a perceptible increase. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2023, consumption failed to regain momentum.

Inflatable Vessel Production in Australia

In value terms, inflatable vessel production stood at less than $X in 2023 estimated in export price. Overall, production, however, faced a deep setback. The pace of growth appeared the most rapid in 2014 when the production volume decreased by X% against the previous year. Over the period under review, production reached the maximum level at $X in 2013; however, from 2014 to 2023, production remained at a lower figure.

Inflatable Vessel Exports

Exports from Australia

Inflatable vessel exports from Australia expanded significantly to X units in 2021, growing by X% compared with the previous year's figure. In general, exports, however, continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2014 when exports increased by X%. As a result, the exports reached the peak of X units. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, inflatable vessel exports declined to $X in 2021. Over the period under review, exports, however, showed a abrupt contraction. The growth pace was the most rapid in 2014 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Malaysia (X units), Fiji (X units) and the United States (X units) were the main destinations of inflatable vessel exports from Australia, together accounting for X% of total exports. France, New Zealand, French Polynesia, Thailand and Vanuatu lagged somewhat behind, together accounting for a further X%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by France (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X), the United States ($X) and Fiji ($X) constituted the largest markets for inflatable vessel exported from Australia worldwide, together comprising X% of total exports.

Among the main countries of destination, the United States, with a CAGR of X%, recorded the highest growth rate of 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

The average inflatable vessel export price stood at $X per unit in 2021, waning by X% against the previous year. In general, the export price, however, continues to indicate tangible growth. The pace of growth was the most pronounced in 2019 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2020 to 2021, the average 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 Thailand ($X per unit), while the average price for exports to France ($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 Spain (X%), while the prices for the other major destinations experienced more modest paces of growth.

Inflatable Vessel Imports

Imports into Australia

In 2021, purchases abroad of inflatable vessels for pleasure or sports increased by X% to X units for the first time since 2018, thus ending a two-year declining trend. In general, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of X%. As a result, imports reached the peak of X units. From 2019 to 2021, the growth of imports failed to regain momentum.

In value terms, inflatable vessel imports skyrocketed to $X in 2021. Over the period under review, imports enjoyed a prominent increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Italy (X units), China (X units) and New Zealand (X units) were the main suppliers of inflatable vessel imports to Australia, together comprising X% of total imports. Greece, Malaysia, Canada, Ukraine, the UK, Indonesia, South Africa, France, Hong Kong SAR and the United States lagged somewhat behind, together comprising a further X%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Malaysia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest inflatable vessel suppliers to Australia were China ($X), Italy ($X) and Ukraine ($X), together accounting for X% of total imports. New Zealand, the UK, France, South Africa, Greece, Canada, the United States, Indonesia, Malaysia and Hong Kong SAR lagged somewhat behind, together accounting for a further X%.

Malaysia, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main suppliers 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, jumping by X% against the previous year. Overall, the import price posted a prominent expansion. The pace of growth was the most pronounced in 2019 when the average import price increased by X%. Over the period under review, average import prices hit record highs in 2021 and is expected to retain growth in the near future.

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 ($X per unit), while the price for Malaysia ($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 United States (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform