Life-Jackets and Life-Belts Price in Azerbaijan - 2023
Contents:
- Life-Jackets and Life-Belts Price in Azerbaijan (CIF) - 2022
- Life-Jackets and Life-Belts Price in Azerbaijan (FOB) - 2022
- Life-Jackets and Life-Belts Imports in Azerbaijan
- Life-Jackets and Life-Belts Exports in Azerbaijan
Life-Jackets and Life-Belts Price in Azerbaijan (CIF) - 2022
In 2022, the average life-jackets and life-belts import price amounted to $40,980 per ton, growing by 12% against the previous year. Over the period under review, the import price, however, saw a perceptible shrinkage. The growth pace was the most rapid in 2021 when the average import price increased by 95%. Over the period under review, average import prices reached the peak figure at $64,698 per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($224,238 per ton), while the price for Turkey ($5,987 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+18.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Life-Jackets and Life-Belts Price in Azerbaijan (FOB) - 2022
The average life-jackets and life-belts export price stood at $56,000 per ton in 2022, with an increase of 38% against the previous year. Overall, the export price saw a strong expansion. The most prominent rate of growth was recorded in 2018 an increase of 109%. Over the period under review, the average export prices reached the maximum in 2022 and is likely to continue growth in the near future.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Angola ($139,500 per ton), while the average price for exports to Ukraine ($32,940 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+22.7%), while the prices for the other major destinations experienced more modest paces of growth.
Life-Jackets and Life-Belts Imports in Azerbaijan
Life-jackets and life-belts imports into Azerbaijan dropped notably to 14 tons in 2022, waning by -47.2% on 2021. Overall, imports continue to indicate a dramatic setback. The smallest decline of -20.9% was in 2020.
In value terms, life-jackets and life-belts imports dropped remarkably to $554K in 2022. In general, imports recorded a abrupt slump. The most prominent rate of growth was recorded in 2021 when imports increased by 47% against the previous year. As a result, imports reached the peak of $941K, and then reduced markedly in the following year.
| Import of Life-Jackets and Life-Belts in Azerbaijan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 153 | 70.7 | 101 | 262 | 19.6% |
| United Kingdom | 199 | 10.5 | 513 | 91.7 | -22.8% |
| Turkey | 108 | 60.5 | 47.1 | 40.9 | -27.7% |
| China | 85.3 | 111 | 80.7 | 26.5 | -32.3% |
| United Arab Emirates | 54.8 | 27.2 | 56.8 | 8.9 | -45.4% |
| Netherlands | 6.7 | N/A | N/A | 6.9 | 1.0% |
| India | 23.1 | 28.6 | 12.3 | 4.8 | -40.8% |
| Poland | 32.7 | N/A | 3.9 | 0.9 | -69.8% |
| Others | 245 | 333 | 126 | 111 | -23.2% |
| Total | 907 | 641 | 941 | 554 | -15.2% |
Top Suppliers of Life-Jackets and Life-Belts to Azerbaijan in 2022:
- Turkey (6.8 tons)
- China (2.3 tons)
- United States (1.2 tons)
- United Kingdom (0.9 tons)
- United Arab Emirates (0.6 tons)
- Netherlands (0.4 tons)
- India (0.3 tons)
- Poland (0.1 tons)
Life-Jackets and Life-Belts Exports in Azerbaijan
In 2022, after two years of decline, there was significant growth in shipments abroad of life-jackets and life-beltses, when their volume increased by 42% to 81 kg. In general, exports, however, recorded a dramatic slump.
In value terms, life-jackets and life-belts exports surged to $4.5K in 2022. Overall, exports, however, continue to indicate a sharp reduction.
| Export of Life-Jackets and Life-Belts in Azerbaijan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ukraine | N/A | N/A | N/A | 1.6 | 0% |
| United Kingdom | 7.9 | N/A | 0.2 | 1.1 | -48.2% |
| Angola | N/A | N/A | N/A | 1.1 | 0% |
| Belgium | N/A | N/A | N/A | 0.5 | 0% |
| Norway | 3.7 | N/A | N/A | N/A | 0% |
| Nigeria | N/A | 0.2 | N/A | N/A | 0% |
| Netherlands | 7.7 | N/A | N/A | N/A | 0% |
| United Arab Emirates | N/A | N/A | 0.2 | N/A | 0% |
| Iran | 9.4 | N/A | N/A | N/A | 0% |
| Georgia | N/A | 4.3 | N/A | N/A | 0% |
| Others | 1.6 | 1.4 | 1.9 | 0.2 | -50.0% |
| Total | 30.3 | 5.8 | 2.3 | 4.5 | -47.0% |
Top Export Markets for Life-Jackets and Life-Belts from Azerbaijan in 2022:
- Ukraine (50.0 kg)
- United Kingdom (14.0 kg)
- Angola (8.0 kg)
- Belgium (7.0 kg)
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