| Product Code: ETC5708041 | 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 |
The import shipments of FRP vessels to Seychelles in 2024 saw a significant increase in concentration, with the top exporting countries being Taiwan, United Arab Emirates, China, Italy, and South Africa. The high Herfindahl-Hirschman Index (HHI) in 2024 indicates a consolidated market structure. The impressive Compound Annual Growth Rate (CAGR) of 65.02% from 2020 to 2024 showcases a rapidly expanding market. Moreover, the remarkable growth rate of 429.69% from 2023 to 2024 highlights the surge in demand for FRP vessels in Seychelles. This data suggests a thriving market for FRP vessels in the region.

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 Seychelles FRP Vessels Market Overview |
3.1 Seychelles Country Macro Economic Indicators |
3.2 Seychelles FRP Vessels Market Revenues & Volume, 2021 & 2031F |
3.3 Seychelles FRP Vessels Market - Industry Life Cycle |
3.4 Seychelles FRP Vessels Market - Porter's Five Forces |
3.5 Seychelles FRP Vessels Market Revenues & Volume Share, By Fiber Type, 2021 & 2031F |
3.6 Seychelles FRP Vessels Market Revenues & Volume Share, By Resin Type, 2021 & 2031F |
3.7 Seychelles FRP Vessels Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Seychelles FRP Vessels Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for lightweight and durable vessels in Seychelles |
4.2.2 Growing focus on sustainable and eco-friendly marine transportation solutions |
4.2.3 Government initiatives promoting the use of FRP vessels for tourism and fishing industries |
4.3 Market Restraints |
4.3.1 High initial cost of FRP vessels compared to traditional alternatives |
4.3.2 Limited availability of skilled labor for manufacturing and maintenance of FRP vessels in Seychelles |
5 Seychelles FRP Vessels Market Trends |
6 Seychelles FRP Vessels Market Segmentations |
6.1 Seychelles FRP Vessels Market, By Fiber Type |
6.1.1 Overview and Analysis |
6.1.2 Seychelles FRP Vessels Market Revenues & Volume, By Glass, 2021-2031F |
6.1.3 Seychelles FRP Vessels Market Revenues & Volume, By Carbon, 2021-2031F |
6.2 Seychelles FRP Vessels Market, By Resin Type |
6.2.1 Overview and Analysis |
6.2.2 Seychelles FRP Vessels Market Revenues & Volume, By Polyester, 2021-2031F |
6.2.3 Seychelles FRP Vessels Market Revenues & Volume, By Epoxy, 2021-2031F |
6.2.4 Seychelles FRP Vessels Market Revenues & Volume, By Others, 2021-2031F |
6.3 Seychelles FRP Vessels Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Seychelles FRP Vessels Market Revenues & Volume, By Water & Wastewater, 2021-2031F |
6.3.3 Seychelles FRP Vessels Market Revenues & Volume, By Chemical, 2021-2031F |
6.3.4 Seychelles FRP Vessels Market Revenues & Volume, By Automotive & Transportation, 2021-2031F |
6.3.5 Seychelles FRP Vessels Market Revenues & Volume, By Oil & Gas, 2021-2031F |
6.3.6 Seychelles FRP Vessels Market Revenues & Volume, By Industrial, 2021-2031F |
6.3.7 Seychelles FRP Vessels Market Revenues & Volume, By Others, 2021-2031F |
7 Seychelles FRP Vessels Market Import-Export Trade Statistics |
7.1 Seychelles FRP Vessels Market Export to Major Countries |
7.2 Seychelles FRP Vessels Market Imports from Major Countries |
8 Seychelles FRP Vessels Market Key Performance Indicators |
8.1 Average age of FRP vessels in Seychelles fleet |
8.2 Number of new FRP vessel registrations in Seychelles per year |
8.3 Percentage of Seychelles marine transportation companies using FRP vessels for their operations |
9 Seychelles FRP Vessels Market - Opportunity Assessment |
9.1 Seychelles FRP Vessels Market Opportunity Assessment, By Fiber Type, 2021 & 2031F |
9.2 Seychelles FRP Vessels Market Opportunity Assessment, By Resin Type, 2021 & 2031F |
9.3 Seychelles FRP Vessels Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Seychelles FRP Vessels Market - Competitive Landscape |
10.1 Seychelles FRP Vessels Market Revenue Share, By Companies, 2024 |
10.2 Seychelles 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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