Life-Jackets and Life-Belts Price in Australia - 2023
Contents:
- Life-Jackets and Life-Belts Price in Australia (CIF) - 2022
- Life-Jackets and Life-Belts Price in Australia (FOB) - 2022
- Life-Jackets and Life-Belts Imports in Australia
- Life-Jackets and Life-Belts Exports in Australia
Life-Jackets and Life-Belts Price in Australia (CIF) - 2022
In 2022, the average life-jackets and life-belts import price amounted to $32,258 per ton, waning by -14.5% against the previous year. Over the period under review, the import price, however, saw a strong increase. The growth pace was the most rapid in 2018 an increase of 55%. Over the period under review, average import prices reached the peak figure at $37,738 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 highest price was recorded for prices from Vietnam ($32,258 per ton) and India ($32,258 per ton), while the price for China ($32,258 per ton) and the UK ($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 (+14.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Life-Jackets and Life-Belts Price in Australia (FOB) - 2022
The average life-jackets and life-belts export price stood at $40,495 per ton in 2022, with an increase of 36% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 an increase of 47%. As a result, the export price reached the peak level of $51,859 per ton. From 2016 to 2022, the average export prices failed to regain momentum.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to South Korea ($40,566 per ton) and Fiji ($40,526 per ton), while the average price for exports to the Netherlands ($40,485 per ton) and the Philippines ($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 Colombia (+36.0%), while the prices for the other major destinations experienced more modest paces of growth.
Life-Jackets and Life-Belts Imports in Australia
Life-jackets and life-belts imports into Australia soared to 789 tons in 2022, surging by 19% compared with the previous year's figure. Overall, imports enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2021 with an increase of 72% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to see steady growth in years to come.
In value terms, life-jackets and life-belts imports rose modestly to $25M in 2022. Over the period under review, imports recorded a strong expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 89%. Over the period under review, imports attained the maximum in 2022 and are likely to see steady growth in years to come.
| Import of Life-Jackets and Life-Belts in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 11.5 | 9.0 | 17.7 | 16.3 | 12.3% |
| United States | 1.2 | 0.8 | 1.9 | 2.4 | 26.0% |
| Fiji | 1.2 | 0.9 | 2.0 | 1.4 | 5.3% |
| Vietnam | N/A | 1.1 | 1.2 | 1.2 | 4.4% |
| India | 0.1 | 0.2 | 0.5 | 1.0 | 115.4% |
| United Kingdom | 1.0 | 0.2 | 0.6 | 0.9 | -3.5% |
| Cambodia | N/A | 0.2 | 0.4 | 0.8 | 100.0% |
| Others | 0.9 | 0.8 | 0.8 | 1.4 | 15.9% |
| Total | 16.0 | 13.2 | 25.1 | 25.5 | 16.8% |
Top Suppliers of Life-Jackets and Life-Belts to Australia in 2022:
- China (505.9 tons)
- United States (75.4 tons)
- Fiji (44.3 tons)
- Vietnam (36.1 tons)
- India (30.5 tons)
- United Kingdom (28.1 tons)
- Cambodia (24.5 tons)
Life-Jackets and Life-Belts Exports in Australia
In 2022, shipments abroad of life-jackets and life-beltses was finally on the rise to reach 27 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, continue to indicate a abrupt decrease.
In value terms, life-jackets and life-belts exports skyrocketed to $1.1M in 2022. In general, exports, however, showed a abrupt downturn.
| Export of Life-Jackets and Life-Belts in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 183 | 66.2 | 215 | 204 | 3.7% |
| Papua New Guinea | 174 | 90.8 | 143 | 145 | -5.9% |
| Indonesia | 127 | 82.1 | N/A | 103 | -6.7% |
| United Kingdom | 95.4 | 38.7 | 34.7 | 87.8 | -2.7% |
| Vietnam | 2.3 | 0.2 | N/A | 71.3 | 214.1% |
| Singapore | 17.9 | 111 | 48.5 | 57.0 | 47.1% |
| United States | 142 | 25.6 | 17.1 | 54.8 | -27.2% |
| Colombia | N/A | N/A | 21.5 | 39.0 | 81.4% |
| Netherlands | N/A | N/A | N/A | 33.3 | 0% |
| Philippines | 4.3 | 0.9 | 4.6 | 32.3 | 95.8% |
| United Arab Emirates | 7.9 | 1.0 | 0.8 | 26.2 | 49.1% |
| Fiji | 46.0 | 17.0 | 7.0 | 25.7 | -17.6% |
| China | 228 | 358 | 49.6 | 2.6 | -77.5% |
| Others | 447 | 273 | 210 | 201 | -23.4% |
| Total | 1,475 | 1,066 | 751 | 1,083 | -9.8% |
Top Export Markets for Life-Jackets and Life-Belts from Australia in 2022:
- New Zealand (5.0 tons)
- Papua New Guinea (3.6 tons)
- Indonesia (2.5 tons)
- United Kingdom (2.2 tons)
- Vietnam (1.8 tons)
- United States (1.4 tons)
- Singapore (1.4 tons)
- Colombia (1.0 tons)
- Netherlands (0.8 tons)
- Philippines (0.8 tons)
- United Arab Emirates (0.6 tons)
- Fiji (0.6 tons)
- China (0.1 tons)
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