Life-Jackets and Life-Belts Price in China - 2023
Contents:
- Life-Jackets and Life-Belts Price in China (FOB) - 2023
- Life-Jackets and Life-Belts Price in China (CIF) - 2022
- Life-Jackets and Life-Belts Exports in China
- Life-Jackets and Life-Belts Imports in China
Life-Jackets and Life-Belts Price in China (FOB) - 2023
The average life-jackets and life-belts export price stood at $12,216 per ton in June 2023, dropping by -7.7% against the previous month. Overall, the export price showed a mild contraction. The pace of growth was the most pronounced in March 2023 an increase of 9.6% against the previous month. As a result, the export price reached the peak level of $15,464 per ton. From April 2023 to June 2023, the the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major export markets. In June 2023, the country with the highest price was the UK ($27,320 per ton), while the average price for exports to India ($3,030 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+2.5%), while the prices for the other major destinations experienced more modest paces of growth.
Life-Jackets and Life-Belts Price in China (CIF) - 2022
In 2022, the average life-jackets and life-belts import price amounted to $28,664 per ton, which is down by -13% against the previous year. Over the period under review, the import price saw a abrupt decrease. The pace of growth was the most pronounced in 2017 an increase of 21%. The import price peaked at $55,259 per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($105,437 per ton), while the price for Singapore ($13,563 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+8.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Life-Jackets and Life-Belts Exports in China
Life-jackets and life-belts exports from China rose sharply to 22K tons in 2022, with an increase of 9.8% against the year before. The total export volume increased at an average annual rate of +7.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 27% 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 skyrocketed to $321M in 2022. Over the period under review, total exports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +11.9% 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 +56.6% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 34% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to see gradual growth in the near future.
| Export of Life-Jackets and Life-Belts in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 94.3 | 90.8 | 110 | 125 | 9.8% |
| Japan | 21.2 | 16.8 | 25.3 | 24.9 | 5.5% |
| United Kingdom | 10.3 | 8.2 | 12.9 | 16.5 | 17.0% |
| Australia | 10.0 | 8.7 | 16.2 | 15.0 | 14.5% |
| Canada | 8.9 | 5.7 | 9.2 | 11.9 | 10.2% |
| Netherlands | 3.2 | 3.6 | 8.0 | 11.5 | 53.2% |
| Spain | 3.7 | 2.8 | 4.0 | 11.1 | 44.2% |
| South Korea | 6.4 | 6.3 | 5.7 | 11.0 | 19.8% |
| Malaysia | 3.2 | 2.3 | 2.8 | 4.5 | 12.0% |
| Philippines | 2.9 | 1.6 | 3.0 | 4.0 | 11.3% |
| Mexico | 1.9 | 1.6 | 3.3 | 3.6 | 23.7% |
| Indonesia | 3.0 | 2.9 | 2.8 | 3.6 | 6.3% |
| Chile | 2.4 | 1.5 | 2.9 | 3.6 | 14.5% |
| Others | 57.8 | 52.3 | 68.4 | 75.0 | 9.1% |
| Total | 229 | 205 | 274 | 321 | 11.9% |
Top Export Markets for Life-Jackets and Life-Belts from China in 2022:
- United States (8.0K tons)
- Japan (1.0K tons)
- Australia (0.8K tons)
- Spain (0.8K tons)
- Canada (0.7K tons)
- South Korea (0.7K tons)
- Indonesia (0.6K tons)
- United Kingdom (0.6K tons)
- Netherlands (0.6K tons)
- Mexico (0.5K tons)
- Philippines (0.5K tons)
- Chile (0.5K tons)
- Malaysia (0.4K tons)
Life-Jackets and Life-Belts Imports in China
For the fourth consecutive year, China recorded growth in overseas purchases of life-jackets and life-beltses, which increased by 4.9% to 484 tons in 2022. Overall, total imports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +15.8% 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 +55.2% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 45% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to continue growth in the near future.
In value terms, life-jackets and life-belts imports reduced to $14M in 2022. In general, imports, however, continue to indicate a deep slump. The most prominent rate of growth was recorded in 2021 when imports increased by 29%.
| Import of Life-Jackets and Life-Belts in China (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 5,649 | 3,113 | 4,024 | 3,201 | -17.2% |
| Cambodia | 10.7 | 323 | 1,162 | 1,115 | 370.6% |
| Romania | 585 | 676 | 1,100 | 1,064 | 22.1% |
| Vietnam | 337 | 266 | 432 | 1,022 | 44.7% |
| Germany | 1,359 | 1,403 | 1,477 | 863 | -14.0% |
| United Kingdom | 907 | 810 | 673 | 649 | -10.6% |
| Japan | 1,570 | 717 | 540 | 627 | -26.4% |
| Philippines | 687 | 263 | 243 | 533 | -8.1% |
| Thailand | 553 | 562 | 1,047 | 516 | -2.3% |
| Italy | 744 | 456 | 791 | 299 | -26.2% |
| Poland | 260 | 74.1 | 168 | 201 | -8.2% |
| Singapore | 196 | 144 | 214 | 171 | -4.4% |
| Taiwan (Chinese) | 403 | N/A | N/A | N/A | 0% |
| Others | 3,045 | 2,964 | 3,319 | 3,603 | 5.8% |
| Total | 16,304 | 11,772 | 15,191 | 13,865 | -5.3% |
Top Suppliers of Life-Jackets and Life-Belts to China in 2022:
- Vietnam (54.0 tons)
- Cambodia (45.2 tons)
- Japan (39.2 tons)
- Romania (31.0 tons)
- United States (30.4 tons)
- United Kingdom (27.4 tons)
- Thailand (24.0 tons)
- Germany (23.5 tons)
- Philippines (18.1 tons)
- Singapore (12.6 tons)
- Italy (8.8 tons)
- Poland (8.4 tons)
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