| Product Code: ETC6166336 | Publication Date: Sep 2024 | Updated Date: Feb 2026 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Dhaval Chaurasia | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
Armenia import trend for personal flotation devices experienced a notable decline from 2023 to 2024, with a growth rate of -40.0%. However, the compound annual growth rate (CAGR) for the period 2020-2024 stood at a healthy 13.47%. This significant drop in import momentum could be attributed to shifts in consumer demand or changes in trade policies impacting the market stability during this period.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Armenia Personal Flotation Devices Market Overview |
3.1 Armenia Country Macro Economic Indicators |
3.2 Armenia Personal Flotation Devices Market Revenues & Volume, 2022 & 2032F |
3.3 Armenia Personal Flotation Devices Market - Industry Life Cycle |
3.4 Armenia Personal Flotation Devices Market - Porter's Five Forces |
3.5 Armenia Personal Flotation Devices Market Revenues & Volume Share, By Product, 2022 & 2032F |
3.6 Armenia Personal Flotation Devices Market Revenues & Volume Share, By Application, 2022 & 2032F |
3.7 Armenia Personal Flotation Devices Market Revenues & Volume Share, By Sales Channel, 2022 & 2032F |
3.8 Armenia Personal Flotation Devices Market Revenues & Volume Share, By End User, 2022 & 2032F |
4 Armenia Personal Flotation Devices Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing awareness about water safety among the population |
4.2.2 Growth in water sports and recreational activities in Armenia |
4.2.3 Government regulations mandating the use of personal flotation devices in water-related activities |
4.3 Market Restraints |
4.3.1 Seasonal demand fluctuations due to weather conditions in Armenia |
4.3.2 Limited consumer awareness about the importance of personal flotation devices |
4.3.3 High cost associated with quality personal flotation devices |
5 Armenia Personal Flotation Devices Market Trends |
6 Armenia Personal Flotation Devices Market, By Types |
6.1 Armenia Personal Flotation Devices Market, By Product |
6.1.1 Overview and Analysis |
6.1.2 Armenia Personal Flotation Devices Market Revenues & Volume, By Product, 2022-2032F |
6.1.3 Armenia Personal Flotation Devices Market Revenues & Volume, By Offshore Life Jacket, 2022-2032F |
6.1.4 Armenia Personal Flotation Devices Market Revenues & Volume, By Near-shore Buoyant Vest, 2022-2032F |
6.1.5 Armenia Personal Flotation Devices Market Revenues & Volume, By Flotation Aid, 2022-2032F |
6.1.6 Armenia Personal Flotation Devices Market Revenues & Volume, By Throwable Devices, 2022-2032F |
6.1.7 Armenia Personal Flotation Devices Market Revenues & Volume, By Special-use Devices, 2022-2032F |
6.2 Armenia Personal Flotation Devices Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Armenia Personal Flotation Devices Market Revenues & Volume, By Passenger and Aircraft Crew, 2022-2032F |
6.2.3 Armenia Personal Flotation Devices Market Revenues & Volume, By Commercial Vessels, 2022-2032F |
6.2.4 Armenia Personal Flotation Devices Market Revenues & Volume, By Others, 2022-2032F |
6.3 Armenia Personal Flotation Devices Market, By Sales Channel |
6.3.1 Overview and Analysis |
6.3.2 Armenia Personal Flotation Devices Market Revenues & Volume, By Specialty Stores, 2022-2032F |
6.3.3 Armenia Personal Flotation Devices Market Revenues & Volume, By Company Owned Outlets, 2022-2032F |
6.3.4 Armenia Personal Flotation Devices Market Revenues & Volume, By Online Sales Channels, 2022-2032F |
6.3.5 Armenia Personal Flotation Devices Market Revenues & Volume, By Others, 2022-2032F |
6.4 Armenia Personal Flotation Devices Market, By End User |
6.4.1 Overview and Analysis |
6.4.2 Armenia Personal Flotation Devices Market Revenues & Volume, By Aquaculture Industry, 2022-2032F |
6.4.3 Armenia Personal Flotation Devices Market Revenues & Volume, By Oil and Gas Industry, 2022-2032F |
6.4.4 Armenia Personal Flotation Devices Market Revenues & Volume, By Naval Industry, 2022-2032F |
6.4.5 Armenia Personal Flotation Devices Market Revenues & Volume, By Others, 2022-2032F |
7 Armenia Personal Flotation Devices Market Import-Export Trade Statistics |
7.1 Armenia Personal Flotation Devices Market Export to Major Countries |
7.2 Armenia Personal Flotation Devices Market Imports from Major Countries |
8 Armenia Personal Flotation Devices Market Key Performance Indicators |
8.1 Number of water-related accidents in Armenia |
8.2 Participation rates in water sports and recreational activities |
8.3 Level of compliance with government regulations regarding personal flotation device usage |
9 Armenia Personal Flotation Devices Market - Opportunity Assessment |
9.1 Armenia Personal Flotation Devices Market Opportunity Assessment, By Product, 2022 & 2032F |
9.2 Armenia Personal Flotation Devices Market Opportunity Assessment, By Application, 2022 & 2032F |
9.3 Armenia Personal Flotation Devices Market Opportunity Assessment, By Sales Channel, 2022 & 2032F |
9.4 Armenia Personal Flotation Devices Market Opportunity Assessment, By End User, 2022 & 2032F |
10 Armenia Personal Flotation Devices Market - Competitive Landscape |
10.1 Armenia Personal Flotation Devices Market Revenue Share, By Companies, 2025 |
10.2 Armenia Personal Flotation Devices Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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