MENA: Inflatable Vessel Market 2024

Inflatable Vessel Market Size in MENA

The MENA's inflatable vessel market fell to $X in 2022, with a decrease of X% against the previous year. Overall, consumption continues to indicate a pronounced setback. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Inflatable Vessel Production in MENA

In value terms, inflatable vessel production fell to $X in 2022 estimated in export price. Over the period under review, production recorded a pronounced decrease. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, production attained the maximum level at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Inflatable Vessel Exports

Exports in MENA

In 2022, inflatable vessel exports in MENA skyrocketed to X units, jumping by X% on the previous year. Overall, exports enjoyed a buoyant increase. The pace of growth appeared the most rapid in 2020 when exports increased by X% against the previous year. As a result, the exports attained the peak of X units. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, inflatable vessel exports expanded to $X in 2022. Over the period under review, exports saw buoyant growth. The pace of growth appeared the most rapid in 2021 with an increase of X%. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Exports by Country

The United Arab Emirates was the largest exporter of inflatable vessels for pleasure or sports in MENA, with the volume of exports amounting to X units, which was approx. X% of total exports in 2022. Turkey (X units) held an X% share (based on physical terms) of total exports, which put it in second place, followed by Kuwait (X%), Tunisia (X%) and Egypt (X%). Oman (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to inflatable vessel exports from the United Arab Emirates stood at X%. At the same time, Kuwait (X%), Oman (X%), Turkey (X%) and Tunisia (X%) displayed positive paces of growth. Moreover, Kuwait emerged as the fastest-growing exporter exported in MENA, with a CAGR of X% from 2012-2022. By contrast, Egypt (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the United Arab Emirates, Kuwait and Turkey increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Tunisia ($X) remains the largest inflatable vessel supplier in MENA, comprising X% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a X% share of total exports. It was followed by Kuwait, with a X% share.

In Tunisia, inflatable vessel exports expanded at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: the United Arab Emirates (X% per year) and Kuwait (X% per year).

Export Prices by Country

In 2022, the export price in MENA amounted to $X per unit, declining by X% against the previous year. In general, the export price recorded a deep contraction. The growth pace was the most rapid in 2021 when the export price increased by X%. The level of export peaked at $X per unit in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Tunisia ($X per unit), while the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Oman (X%), while the other leaders experienced more modest paces of growth.

Inflatable Vessel Imports

Imports in MENA

In 2022, overseas purchases of inflatable vessels for pleasure or sports decreased by X% to X units for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, posted buoyant growth. The pace of growth appeared the most rapid in 2017 when imports increased by X%. Over the period under review, imports reached the maximum at X units in 2021, and then plummeted in the following year.

In value terms, inflatable vessel imports shrank notably to $X in 2022. Overall, imports, however, recorded a slight increase. The pace of growth was the most pronounced in 2017 with an increase of X%. As a result, imports reached the peak of $X. From 2018 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Morocco (X units), the United Arab Emirates (X units) and Kuwait (X units) represented the key importer of inflatable vessels for pleasure or sports in MENA, mixing up X% of total import. Turkey (X units) ranks next in terms of the total imports with a X% share, followed by Qatar (X%) and Algeria (X%). Iraq (X units) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Iraq (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Kuwait ($X), the United Arab Emirates ($X) and Turkey ($X) constituted the countries with the highest levels of imports in 2022, together accounting for X% of total imports. Morocco, Algeria, Qatar and Iraq lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, Iraq, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in MENA amounted to $X per unit, picking up by X% against the previous year. Overall, the import price, however, recorded a perceptible decrease. The pace of growth appeared the most rapid in 2013 an increase of X% against the previous year. As a result, import price attained the peak level of $X per unit. From 2014 to 2022, the import prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kuwait (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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