Life-Jackets and Life-Belts Price in the United States - 2023
Contents:
- Life-Jackets and Life-Belts Price in the United States (CIF) - 2023
- Life-Jackets and Life-Belts Price in the United States (FOB) - 2022
- Life-Jackets and Life-Belts Imports in the United States
- 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) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 113 | 94.7 | 111 | 127 | 4.0% |
Cambodia | 7.2 | 9.9 | 36.6 | 49.9 | 90.7% |
Vietnam | 2.3 | 3.8 | 34.0 | 35.3 | 148.5% |
Myanmar | 5.4 | 6.1 | 7.7 | 10.4 | 24.4% |
Others | 9.4 | 6.3 | 9.0 | 9.3 | -0.4% |
Total | 137 | 121 | 198 | 232 | 19.2% |
Top Suppliers of Life-Jackets and Life-Belts to the United States in 2022:
- China (6.5K tons)
- Cambodia (2.1K tons)
- Vietnam (0.9K tons)
- 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) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Canada | 4.2 | 3.8 | 6.6 | 7.6 | 21.9% |
France | 1.6 | 1.3 | 1.3 | 4.2 | 37.9% |
Mexico | 1.3 | 0.9 | 1.6 | 3.8 | 43.0% |
Germany | 2.0 | 1.5 | 1.4 | 3.7 | 22.8% |
United Kingdom | 1.6 | 1.0 | 1.1 | 2.6 | 17.6% |
Australia | 1.4 | 0.8 | 1.8 | 1.6 | 4.6% |
Singapore | 0.6 | 1.0 | 0.4 | 0.7 | 5.3% |
United Arab Emirates | 0.7 | 0.3 | 0.2 | 0.6 | -5.0% |
Others | 10.6 | 9.2 | 9.5 | 12.2 | 4.8% |
Total | 24.2 | 19.9 | 23.9 | 37.0 | 15.2% |
Top Export Markets for Life-Jackets and Life-Belts from the United States in 2022:
- Canada (799.3 tons)
- Mexico (201.3 tons)
- France (74.3 tons)
- Germany (55.5 tons)
- United Kingdom (51.4 tons)
- Australia (43.9 tons)
- United Arab Emirates (26.5 tons)
- Singapore (14.5 tons)
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