Life-Jackets and Life-Belts Price in the UK - 2023
Contents:
- Life-Jackets and Life-Belts Price in the UK (FOB) - 2023
- Life-Jackets and Life-Belts Price in the UK (CIF) - 2023
- Life-Jackets and Life-Belts Exports in the UK
- Life-Jackets and Life-Belts Imports in the UK
Life-Jackets and Life-Belts Price in the UK (FOB) - 2023
The average life-jackets and life-belts export price stood at $68,415 per ton in June 2023, declining by -20.9% against the previous month. In general, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in November 2022 an increase of 68% month-to-month. Over the period under review, the average export prices hit record highs at $149K per ton in January 2023; however, from February 2023 to June 2023, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Saudi Arabia ($372K per ton), while the average price for exports to the United States ($25,887 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Norway (+3.3%), while the prices for the other major destinations experienced more modest paces of growth.
Life-Jackets and Life-Belts Price in the UK (CIF) - 2023
The average life-jackets and life-belts import price stood at $26,618 per ton in June 2023, waning by -27.2% against the previous month. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in November 2022 an increase of 35% against the previous month. As a result, import price reached the peak level of $41,791 per ton. From December 2022 to June 2023, the average import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Vietnam ($63,020 per ton), while the price for Bangladesh ($8,647 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Vietnam (+12.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Life-Jackets and Life-Belts Exports in the UK
After two years of decline, overseas shipments of life-jackets and life-beltses increased by 12% to 329 tons in 2022. Over the period under review, exports, however, saw a abrupt setback.
In value terms, life-jackets and life-belts exports declined modestly to $22M in 2022. The total export value increased at an average annual rate of +3.2% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when exports increased by 29% against the previous year. As a result, the exports reached the peak of $23M, and then declined in the following year.
| Export of Life-Jackets and Life-Belts in the UK (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 1,471 | 2,286 | 1,451 | 2,404 | 17.8% |
| Netherlands | 1,954 | 890 | 1,628 | 2,389 | 6.9% |
| Norway | 1,218 | 1,138 | 1,017 | 1,406 | 4.9% |
| Australia | 705 | 423 | 464 | 1,120 | 16.7% |
| France | 1,168 | 1,231 | 778 | 1,037 | -3.9% |
| United States | 1,074 | 864 | 2,102 | 1,009 | -2.1% |
| Qatar | 252 | 391 | 91.3 | 886 | 52.1% |
| Denmark | 668 | 802 | 1,226 | 724 | 2.7% |
| Sweden | 639 | 568 | 565 | 647 | 0.4% |
| Ireland | 1,219 | 1,186 | 1,116 | 640 | -19.3% |
| India | 59.6 | 104 | 24.2 | 545 | 109.1% |
| United Arab Emirates | 739 | 195 | 1,422 | 497 | -12.4% |
| Guyana | 5.9 | 19.3 | 23.8 | 251 | 249.1% |
| Others | 8,769 | 7,497 | 10,723 | 8,393 | -1.5% |
| Total | 19,940 | 17,594 | 22,631 | 21,948 | 3.2% |
Top Export Markets for Life-Jackets and Life-Belts from the UK in 2022:
- Netherlands (35.5 tons)
- Germany (26.7 tons)
- Norway (24.7 tons)
- Guyana (19.8 tons)
- France (19.5 tons)
- United States (19.4 tons)
- Ireland (17.7 tons)
- Australia (14.5 tons)
- United Arab Emirates (10.5 tons)
- Denmark (9.0 tons)
- Sweden (8.3 tons)
- India (8.2 tons)
- Qatar (7.3 tons)
Life-Jackets and Life-Belts Imports in the UK
In 2022, approx. 1K tons of life-jackets and life-beltses were imported into the UK; growing by 52% compared with the previous year. Overall, imports enjoyed resilient growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, life-jackets and life-belts imports skyrocketed to $29M in 2022. Over the period under review, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +14.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +88.8% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Life-Jackets and Life-Belts in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 7.4 | 6.3 | 7.9 | 14.1 | 24.0% |
| Cambodia | 0.1 | 0.1 | 1.9 | 2.0 | 171.4% |
| Vietnam | 0.9 | 0.8 | 1.1 | 2.0 | 30.5% |
| United States | 2.3 | 1.2 | 1.3 | 1.7 | -9.6% |
| Philippines | 1.7 | 1.5 | 1.2 | 1.4 | -6.3% |
| Romania | 0.2 | N/A | N/A | 1.1 | 76.5% |
| India | 0.4 | 0.4 | 0.5 | 1.0 | 35.7% |
| Hungary | 0.1 | 0.1 | 0.1 | 1.0 | 115.4% |
| Poland | 0.9 | 0.7 | 0.7 | 0.9 | 0.0% |
| Ukraine | N/A | N/A | N/A | 0.6 | 0% |
| Bangladesh | N/A | N/A | 0.6 | 0.4 | -33.3% |
| France | 1.6 | 1.5 | 0.9 | 0.3 | -42.8% |
| Sri Lanka | N/A | N/A | 0.1 | 0.2 | 100.0% |
| Others | 3.6 | 2.8 | 2.9 | 2.2 | -15.1% |
| Total | 19.0 | 15.3 | 19.2 | 28.8 | 14.9% |
Top Suppliers of Life-Jackets and Life-Belts to the UK in 2022:
- China (547.8 tons)
- India (81.2 tons)
- Vietnam (61.5 tons)
- Poland (60.3 tons)
- Cambodia (55.4 tons)
- Bangladesh (42.1 tons)
- Philippines (27.6 tons)
- Romania (25.0 tons)
- Ukraine (24.3 tons)
- Hungary (22.4 tons)
- United States (17.0 tons)
- Sri Lanka (16.7 tons)
- France (5.2 tons)
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