Life-Jackets and Life-Belts Price in the United States - 2023

Contents:

  1. Life-Jackets and Life-Belts Price in the United States (CIF) - 2023
  2. Life-Jackets and Life-Belts Price in the United States (FOB) - 2022
  3. Life-Jackets and Life-Belts Imports in the United States
  4. Life-Jackets and Life-Belts Exports in the United States

Life-Jackets and Life-Belts Price in the United States (CIF) - 2023

The average life-jackets and life-belts import price stood at $17,933 per ton in August 2023, with an increase of 2.7% against the previous month. Over the period under review, the import price, however, continues to indicate a mild decline. The most prominent rate of growth was recorded in November 2022 when the average import price increased by 20% m-o-m. The import price peaked at $26,633 per ton in March 2023; however, from April 2023 to August 2023, import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Cambodia ($35,599 per ton), while the price for Ethiopia ($7,150 per ton) was amongst the lowest.

From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Mexico (+6.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Life-Jackets and Life-Belts Price in the United States (FOB) - 2022

In 2022, the average life-jackets and life-belts export price amounted to $24,290 per ton, with an increase of 15% against the previous year. Overall, the export price, however, recorded a mild setback. Over the period under review, the average export prices attained the maximum at $31,492 per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($67,515 per ton), while the average price for exports to Canada ($9,518 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 Mexico (+3.0%), while the prices for the other major destinations experienced more modest paces of growth.

Life-Jackets and Life-Belts Imports in the United States

In 2022, approx. 10K tons of life-jackets and life-beltses were imported into the United States; increasing by 9% against 2021. Over the period under review, total imports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +16.3% 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 +60.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 47%. Imports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, life-jackets and life-belts imports surged to $232M in 2022. Overall, imports posted a prominent increase. The most prominent rate of growth was recorded in 2021 with an increase of 64% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

Import of Life-Jackets and Life-Belts in the United States (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
China11394.71111274.0%
Cambodia7.29.936.649.990.7%
Vietnam2.33.834.035.3148.5%
Myanmar5.46.17.710.424.4%
Others9.46.39.09.3-0.4%
Total13712119823219.2%

Top Suppliers of Life-Jackets and Life-Belts to the United States in 2022:

  1. China (6.5K tons)
  2. Cambodia (2.1K tons)
  3. Vietnam (0.9K tons)
  4. Myanmar (0.3K tons)

Life-Jackets and Life-Belts Exports in the United States

Life-jackets and life-belts exports from the United States soared to 1.5K tons in 2022, rising by 35% compared with the previous year. In general, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 52% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, life-jackets and life-belts exports surged to $37M in 2022. Overall, total exports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +15.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +86.3% against 2020 indices. 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 United States (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Canada4.23.86.67.621.9%
France1.61.31.34.237.9%
Mexico1.30.91.63.843.0%
Germany2.01.51.43.722.8%
United Kingdom1.61.01.12.617.6%
Australia1.40.81.81.64.6%
Singapore0.61.00.40.75.3%
United Arab Emirates0.70.30.20.6-5.0%
Others10.69.29.512.24.8%
Total24.219.923.937.015.2%

Top Export Markets for Life-Jackets and Life-Belts from the United States in 2022:

  1. Canada (799.3 tons)
  2. Mexico (201.3 tons)
  3. France (74.3 tons)
  4. Germany (55.5 tons)
  5. United Kingdom (51.4 tons)
  6. Australia (43.9 tons)
  7. United Arab Emirates (26.5 tons)
  8. Singapore (14.5 tons)

Source: IndexBox Market Intelligence Platform

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