Colombia: Inflatable Vessel Market 2024

Inflatable Vessel Market Size in Colombia

The Colombian inflatable vessel market fell to $X in 2023, remaining constant against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2023, consumption failed to regain momentum.

Inflatable Vessel Production in Colombia

In value terms, inflatable vessel production dropped to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2014 when the production volume increased by X% against the previous year. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2023, production remained at a lower figure.

Inflatable Vessel Exports

Exports from Colombia

In 2023, after two years of growth, there was decline in overseas shipments of inflatable vessels for pleasure or sports, when their volume decreased by X% to X units. In general, total exports indicated mild growth 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, exports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. The exports peaked at X units in 2022, and then reduced in the following year.

In value terms, inflatable vessel exports stood at $X in 2023. Over the period under review, total exports indicated a resilient increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X; afterwards, it flattened through to 2023.

Exports by Country

The United States (X units) was the main destination for inflatable vessel exports from Colombia, accounting for a X% share of total exports. Moreover, inflatable vessel exports to the United States exceeded the volume sent to the second major destination, France (X units), threefold. The third position in this ranking was held by the Netherlands (X units), with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (X% per year) and the Netherlands (X% per year).

In value terms, the United States ($X) remains the key foreign market for inflatable vessels for pleasure or sports exports from Colombia, comprising X% of total exports. The second position in the ranking was held by the Netherlands ($X), with an X% share of total exports. It was followed by Venezuela, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (X% per year) and Venezuela (X% per year).

Export Prices by Country

In 2023, the average inflatable vessel export price amounted to $X per unit, rising by X% against the previous year. Over the period under review, export price indicated a measured expansion from 2012 to 2023: its price 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, inflatable vessel export price decreased by X% against 2019 indices. The most prominent rate of growth was recorded in 2013 when the average export price increased by X%. The export price peaked at $X per unit in 2015; however, from 2016 to 2023, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2023, amid the top suppliers, the country with the highest price was Italy ($X per unit), while the average price for exports to France ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Italy (X%), while the prices for the other major destinations experienced more modest paces of growth.

Inflatable Vessel Imports

Imports into Colombia

In 2023, the amount of inflatable vessels for pleasure or sports imported into Colombia contracted rapidly to X units, with a decrease of X% on 2022 figures. In general, imports saw a abrupt contraction. The most prominent rate of growth was recorded in 2015 with an increase of X%. As a result, imports reached the peak of X units. From 2016 to 2023, the growth of imports remained at a somewhat lower figure.

In value terms, inflatable vessel imports dropped to $X in 2023. Over the period under review, imports, however, continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports reached the peak figure at $X in 2015; however, from 2016 to 2023, imports failed to regain momentum.

Imports by Country

Panama (X units), China (X units) and Spain (X units) were the main suppliers of inflatable vessel imports to Colombia, together comprising X% of total imports. The United States, Germany, Free Zones, Italy, Mexico, the UK and Belgium lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the biggest increases were recorded for Germany (with a CAGR of X%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest inflatable vessel suppliers to Colombia were Germany ($X), Spain ($X) and China ($X), with a combined X% share of total imports.

Germany, with a CAGR of X%, saw 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

In 2023, the average inflatable vessel import price amounted to $X per unit, picking up by X% against the previous year. In general, the import price showed a strong increase. The pace of growth was the most pronounced in 2013 an increase of X% against the previous year. Over the period under review, average import prices attained the maximum in 2023 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per unit), while the price for Belgium ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform