Life-Jackets and Life-Belts Price in New Zealand - 2023
Contents:
- Life-Jackets and Life-Belts Price in New Zealand (CIF) - 2022
- Life-Jackets and Life-Belts Price in New Zealand (FOB) - 2022
- Life-Jackets and Life-Belts Imports in New Zealand
- Life-Jackets and Life-Belts Exports in New Zealand
Life-Jackets and Life-Belts Price in New Zealand (CIF) - 2022
The average life-jackets and life-belts import price stood at $32,258 per ton in 2022, dropping by -14.5% against the previous year. In general, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average import price increased by 13%. The import price peaked at $37,738 per ton in 2021, and then contracted in the following year.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Australia ($32,264 per ton) and Cambodia ($32,261 per ton), while the price for China ($32,258 per ton) and Fiji ($32,258 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cambodia (+9.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Life-Jackets and Life-Belts Price in New Zealand (FOB) - 2022
The average life-jackets and life-belts export price stood at $40,499 per ton in 2022, with an increase of 35% against the previous year. In general, the export price, however, showed a noticeable contraction. The most prominent rate of growth was recorded in 2014 when the average export price increased by 42% against the previous year. Over the period under review, the average export prices attained the maximum at $73,488 per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.
Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Samoa ($40,548 per ton) and Solomon Islands ($40,538 per ton), while the average price for exports to French Polynesia ($40,447 per ton) and Greece ($40,486 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Greece (+38.3%), while the prices for the other major destinations experienced a decline.
Life-Jackets and Life-Belts Imports in New Zealand
In 2022, approx. 190 tons of life-jackets and life-beltses were imported into New Zealand; surging by 34% against 2021 figures. In general, imports continue to indicate a strong increase. The most prominent rate of growth was recorded in 2021 with an increase of 80% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.
In value terms, life-jackets and life-belts imports rose sharply to $6.1M in 2022. Overall, imports showed prominent growth. The growth pace was the most rapid in 2021 when imports increased by 99% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Life-Jackets and Life-Belts in New Zealand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,374 | 952 | 2,167 | 2,635 | 24.2% |
| Fiji | 1,074 | 882 | 1,779 | 1,519 | 12.2% |
| Vietnam | 51.7 | 27.0 | 206 | 607 | 127.3% |
| United States | 152 | 132 | 165 | 420 | 40.3% |
| Romania | 604 | 286 | 494 | 368 | -15.2% |
| Cambodia | 43.4 | 43.4 | 62.1 | 164 | 55.8% |
| United Kingdom | 297 | 214 | 169 | 142 | -21.8% |
| Others | 190 | 157 | 310 | 284 | 14.3% |
| Total | 3,786 | 2,694 | 5,351 | 6,139 | 17.5% |
Top Suppliers of Life-Jackets and Life-Belts to New Zealand in 2022:
- China (81.7 tons)
- Fiji (47.1 tons)
- Vietnam (18.8 tons)
- United States (13.0 tons)
- Romania (11.4 tons)
- Cambodia (5.1 tons)
- United Kingdom (4.4 tons)
Life-Jackets and Life-Belts Exports in New Zealand
Life-jackets and life-belts exports from New Zealand stood at 16 tons in 2022, growing by 4.8% on the previous year. In general, total exports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +16.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +59.2% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 52% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the immediate term.
In value terms, life-jackets and life-belts exports surged to $649K in 2022. Over the period under review, total exports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +14.6% 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 +68.3% 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 New Zealand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 225 | 161 | 302 | 415 | 22.6% |
| Cook Islands | 8.2 | 3.9 | 6.5 | 47.2 | 79.2% |
| Maldives | 3.1 | N/A | N/A | 39.5 | 133.6% |
| United States | N/A | N/A | 3.5 | 28.9 | 725.7% |
| Solomon Islands | 7.5 | 22.6 | 28.1 | 17.5 | 32.6% |
| Philippines | 97.2 | 91.3 | 11.2 | 17.1 | -44.0% |
| Greece | N/A | N/A | 0.5 | 15.9 | 3080.0% |
| Samoa | 11.9 | 18.3 | 15.1 | 14.4 | 6.6% |
| French Polynesia | 2.9 | 2.1 | 4.6 | 13.8 | 68.2% |
| Fiji | 21.5 | 23.3 | 11.4 | 10.0 | -22.5% |
| Malaysia | 25.8 | 21.8 | 9.7 | N/A | -38.7% |
| Others | 27.9 | 40.8 | 65.9 | 29.8 | 2.2% |
| Total | 431 | 385 | 459 | 649 | 14.6% |
Top Export Markets for Life-Jackets and Life-Belts from New Zealand in 2022:
- Australia (10.2 tons)
- Cook Islands (1.2 tons)
- Maldives (1.0 tons)
- United States (0.7 tons)
- Samoa (0.4 tons)
- Solomon Islands (0.4 tons)
- Philippines (0.4 tons)
- Greece (0.4 tons)
- French Polynesia (0.3 tons)
- Fiji (0.2 tons)
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