Life-Jackets and Life-Belts Price in the Philippines - 2023
Contents:
- Life-Jackets and Life-Belts Price in the Philippines (FOB) - 2022
- Life-Jackets and Life-Belts Price in the Philippines (CIF) - 2022
- Life-Jackets and Life-Belts Exports in the Philippines
- Life-Jackets and Life-Belts Imports in the Philippines
Life-Jackets and Life-Belts Price in the Philippines (FOB) - 2022
The average life-jackets and life-belts export price stood at $40,499 per ton in 2022, shrinking by -8.8% against the previous year. Over the period under review, the export price faced a precipitous setback. The most prominent rate of growth was recorded in 2017 when the average export price increased by 89% against the previous year. Over the period under review, the average export prices reached the peak figure at $536,250 per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.
Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was South Korea ($49,500 per ton), while the average price for exports to the UK ($40,499 per ton) was amongst the lowest.
From 2014 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+5.0%).
Life-Jackets and Life-Belts Price in the Philippines (CIF) - 2022
In 2022, the average life-jackets and life-belts import price amounted to $32,258 per ton, declining by -10.8% against the previous year. In general, the import price, however, continues to indicate a buoyant expansion. The pace of growth appeared the most rapid in 2018 an increase of 326%. Over the period under review, average import prices attained the maximum at $36,161 per ton in 2021, and then reduced in the following year.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the Netherlands ($32,277 per ton) and Taiwan (Chinese) ($32,264 per ton), while the price for the UK ($32,245 per ton) and France ($32,250 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+30.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Life-Jackets and Life-Belts Exports in the Philippines
For the fourth consecutive year, the Philippines recorded growth in overseas shipments of life-jackets and life-beltses, which increased by 203% to 99 tons in 2022. Overall, exports posted a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, life-jackets and life-belts exports surged to $4M in 2022. Over the period under review, exports recorded a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Life-Jackets and Life-Belts in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 799 | 1,113 | 1,449 | 3,913 | 69.8% |
| China | N/A | N/A | N/A | 81.3 | 0% |
| South Korea | 170 | 51.1 | N/A | 0.1 | -91.6% |
| Others | 11.5 | 8.3 | 0.2 | 4.5 | -26.9% |
| Total | 981 | 1,172 | 1,449 | 3,999 | 59.7% |
Top Export Markets for Life-Jackets and Life-Belts from the Philippines in 2022:
- South Korea (undefined tons)
- United Kingdom (96.6 tons)
- China (2.0 tons)
Life-Jackets and Life-Belts Imports in the Philippines
Life-jackets and life-belts imports into the Philippines skyrocketed to 31 tons in 2022, jumping by 30% against the previous year. In general, imports, however, showed a abrupt decrease.
In value terms, life-jackets and life-belts imports surged to $1M in 2022. Overall, imports, however, showed a deep reduction.
| Import of Life-Jackets and Life-Belts in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 808 | 450 | 413 | 584 | -10.3% |
| United States | 148 | 49.9 | 77.2 | 113 | -8.6% |
| Singapore | 19.9 | 40.6 | 93.9 | 61.8 | 45.9% |
| Japan | 47.9 | 47.4 | 13.5 | 52.8 | 3.3% |
| Germany | 25.2 | 0.1 | 4.9 | 35.9 | 12.5% |
| United Kingdom | 27.5 | 36.7 | 18.4 | 35.0 | 8.4% |
| Taiwan (Chinese) | 37.5 | 12.0 | 35.1 | 24.2 | -13.6% |
| Netherlands | 1.0 | 22.7 | 77.7 | 23.1 | 184.8% |
| France | 3.9 | 3.7 | 3.3 | 23.1 | 80.9% |
| Malaysia | 54.5 | 31.7 | 82.7 | 12.9 | -38.1% |
| Others | 64.7 | 77.8 | 57.7 | 48.9 | -8.9% |
| Total | 1,237 | 773 | 877 | 1,014 | -6.4% |
Top Suppliers of Life-Jackets and Life-Belts to the Philippines in 2022:
- China (18.1 tons)
- United States (3.5 tons)
- Singapore (1.9 tons)
- Japan (1.6 tons)
- United Kingdom (1.1 tons)
- Germany (1.1 tons)
- Netherlands (0.7 tons)
- Taiwan (Chinese) (0.7 tons)
- France (0.7 tons)
- Malaysia (0.4 tons)
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