Life-Jackets and Life-Belts Price in Bolivia - 2023

Life-Jackets and Life-Belts Price in Bolivia (CIF) - 2022

In 2022, the average life-jackets and life-belts import price amounted to $1,038 per ton, declining by -65.3% against the previous year. Over the period under review, the import price recorded a deep setback. The growth pace was the most rapid in 2015 when the average import price increased by 146%. Over the period under review, average import prices attained the peak figure at $14,123 per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to -6.6% per year.

Life-Jackets and Life-Belts Price in Bolivia (FOB) - 2022

In 2022, the average life-jackets and life-belts export price amounted to $11,500 per ton, remaining constant against the previous year. In general, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the average export price increased by 80%. Over the period under review, the average export prices hit record highs at $15,333 per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Argentina ($20,000 per ton), while the average price for exports to the United States totaled $3,000 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Argentina (+2.7%).

Life-Jackets and Life-Belts Imports in Bolivia

Life-jackets and life-belts imports into Bolivia surged to 40 tons in 2022, picking up by 331% against 2021. Overall, imports recorded significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 498% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, life-jackets and life-belts imports surged to $42K in 2022. Over the period under review, imports recorded a significant increase. The growth pace was the most rapid in 2020 when imports increased by 496%. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in years to come.

Import of Life-Jackets and Life-Belts in Bolivia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	0.1	1.2	5.3	31.0	576.8%
Spain	0.3	N/A	0.1	N/A	-42.3%
Chile	3.4	18.6	8.4	N/A	57.2%
Others	0.6	6.2	14.0	10.5	159.6%
Total	4.4	26.0	27.8	41.5	111.3%

Top Suppliers of Life-Jackets and Life-Belts to Bolivia in 2022:

China (39.3 tons)

Life-Jackets and Life-Belts Exports in Bolivia

Life-jackets and life-belts exports from Bolivia was estimated at 2 kg in 2022, stabilizing at 2021 figures. Over the period under review, exports recorded a abrupt slump. The smallest decline of 99.9% was in 2021.

In value terms, life-jackets and life-belts exports stood at $23 in 2022. In general, exports continue to indicate a dramatic contraction. The smallest decline of 99.9% was in 2021.