| Product Code: ETC5707952 | Publication Date: Nov 2023 | Updated Date: Dec 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
Brunei FRP vessels import shipments in 2024 saw significant contributions from top exporting countries including China, Malaysia, Singapore, USA, and the UK. Despite a high concentration with a high Herfindahl-Hirschman Index (HHI), the industry experienced a sharp decline with a Compound Annual Growth Rate (CAGR) of -18.75% from 2020 to 2024. The growth rate from 2023 to 2024 further plummeted by -48.21%, indicating challenges faced by the market. These trends suggest a need for strategic adjustments and market diversification to stimulate growth in the FRP vessels import sector in Brunei.

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 Brunei FRP Vessels Market Overview |
3.1 Brunei Country Macro Economic Indicators |
3.2 Brunei FRP Vessels Market Revenues & Volume, 2021 & 2031F |
3.3 Brunei FRP Vessels Market - Industry Life Cycle |
3.4 Brunei FRP Vessels Market - Porter's Five Forces |
3.5 Brunei FRP Vessels Market Revenues & Volume Share, By Fiber Type, 2021 & 2031F |
3.6 Brunei FRP Vessels Market Revenues & Volume Share, By Resin Type, 2021 & 2031F |
3.7 Brunei FRP Vessels Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Brunei FRP Vessels Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for lightweight and corrosion-resistant vessels in the marine industry |
4.2.2 Growing focus on sustainable and eco-friendly solutions in the maritime sector |
4.2.3 Technological advancements in FRP (Fiber Reinforced Plastic) materials leading to enhanced vessel performance |
4.3 Market Restraints |
4.3.1 High initial investment costs associated with FRP vessels |
4.3.2 Limited awareness and understanding of the benefits of FRP vessels among potential buyers |
4.3.3 Challenges related to repair and maintenance of FRP vessels compared to traditional materials |
5 Brunei FRP Vessels Market Trends |
6 Brunei FRP Vessels Market Segmentations |
6.1 Brunei FRP Vessels Market, By Fiber Type |
6.1.1 Overview and Analysis |
6.1.2 Brunei FRP Vessels Market Revenues & Volume, By Glass, 2021-2031F |
6.1.3 Brunei FRP Vessels Market Revenues & Volume, By Carbon, 2021-2031F |
6.2 Brunei FRP Vessels Market, By Resin Type |
6.2.1 Overview and Analysis |
6.2.2 Brunei FRP Vessels Market Revenues & Volume, By Polyester, 2021-2031F |
6.2.3 Brunei FRP Vessels Market Revenues & Volume, By Epoxy, 2021-2031F |
6.2.4 Brunei FRP Vessels Market Revenues & Volume, By Others, 2021-2031F |
6.3 Brunei FRP Vessels Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Brunei FRP Vessels Market Revenues & Volume, By Water & Wastewater, 2021-2031F |
6.3.3 Brunei FRP Vessels Market Revenues & Volume, By Chemical, 2021-2031F |
6.3.4 Brunei FRP Vessels Market Revenues & Volume, By Automotive & Transportation, 2021-2031F |
6.3.5 Brunei FRP Vessels Market Revenues & Volume, By Oil & Gas, 2021-2031F |
6.3.6 Brunei FRP Vessels Market Revenues & Volume, By Industrial, 2021-2031F |
6.3.7 Brunei FRP Vessels Market Revenues & Volume, By Others, 2021-2031F |
7 Brunei FRP Vessels Market Import-Export Trade Statistics |
7.1 Brunei FRP Vessels Market Export to Major Countries |
7.2 Brunei FRP Vessels Market Imports from Major Countries |
8 Brunei FRP Vessels Market Key Performance Indicators |
8.1 Average vessel lifespan compared to traditional materials |
8.2 Percentage increase in the adoption of FRP vessels in the maritime industry |
8.3 Number of new products or innovations in FRP vessel technology |
8.4 Environmental impact assessments for FRP vessels compared to conventional materials |
8.5 Percentage reduction in fuel consumption or emissions for vessels using FRP technology |
9 Brunei FRP Vessels Market - Opportunity Assessment |
9.1 Brunei FRP Vessels Market Opportunity Assessment, By Fiber Type, 2021 & 2031F |
9.2 Brunei FRP Vessels Market Opportunity Assessment, By Resin Type, 2021 & 2031F |
9.3 Brunei FRP Vessels Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Brunei FRP Vessels Market - Competitive Landscape |
10.1 Brunei FRP Vessels Market Revenue Share, By Companies, 2024 |
10.2 Brunei FRP Vessels 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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