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

Life-Jackets and Life-Belts Price in Estonia (FOB) - 2023

The average life-jackets and life-belts export price stood at $44,097 per ton in September 2023, with a decrease of -28.4% against the previous month. Over the period under review, export price indicated a noticeable expansion from September 2022 to September 2023: its price increased at an average monthly rate of +2.8% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2023 figures, life-jackets and life-belts export price increased by +57.8% against June 2023 indices. The pace of growth appeared the most rapid in July 2023 an increase of 49% against the previous month. The export price peaked at $61,619 per ton in August 2023, and then dropped notably in the following month.

There were significant differences in the average prices for the major foreign markets. In September 2023, the country with the highest price was the Netherlands ($81,272 per ton), while the average price for exports to Ukraine ($7,651 per ton) was amongst the lowest.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+5.9%), while the prices for the other major destinations experienced more modest paces of growth.

Life-Jackets and Life-Belts Price in Estonia (CIF) - 2023

The average life-jackets and life-belts import price stood at $30,498 per ton in September 2023, reducing by -4.6% against the previous month. Overall, import price indicated a noticeable increase from September 2022 to September 2023: its price increased at an average monthly rate of +3.3% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2023 figures, life-jackets and life-belts import price increased by +12.4% against April 2023 indices. The pace of growth was the most pronounced in November 2022 an increase of 64% against the previous month. The import price peaked at $31,976 per ton in August 2023, and then contracted modestly in the following month.

Prices varied noticeably by the country of origin: the country with the highest price was Poland ($143K per ton), while the price for Ukraine ($13,832 per ton) was amongst the lowest.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Poland (+20.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Life-Jackets and Life-Belts Exports in Estonia

For the fourth year in a row, Estonia recorded growth in overseas shipments of life-jackets and life-beltses, which increased by 0.6% to 546 tons in 2022. Overall, total exports indicated a significant expansion from 2019 to 2022: its volume increased at an average annual rate of +22.3% 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 +83.0% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 38% 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 rose to $16M in 2022. Over the period under review, total exports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +16.2% 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 +56.9% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 42%. The exports peaked in 2022 and are expected to retain growth in the near future.

Export of Life-Jackets and Life-Belts in Estonia (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	3.9	3.8	4.9	4.5	4.9%
Ukraine	0.6	1.1	3.4	3.4	78.3%
Sweden	1.4	1.7	2.5	2.9	27.5%
Netherlands	1.6	1.8	1.7	2.2	11.2%
Finland	1.2	1.3	1.8	2.2	22.4%
United Kingdom	0.4	0.2	0.4	0.3	-9.1%
Norway	0.2	0.4	0.3	0.3	14.5%
Others	1.1	1.1	1.1	0.6	-18.3%
Total	10.5	11.3	16.1	16.5	16.3%

Top Export Markets for Life-Jackets and Life-Belts from Estonia in 2022:

Ukraine (200.1 tons)
Germany (110.4 tons)
Sweden (81.6 tons)
Finland (71.2 tons)
Netherlands (49.2 tons)
United Kingdom (9.3 tons)
Norway (7.9 tons)

Life-Jackets and Life-Belts Imports in Estonia

In 2022, the amount of life-jackets and life-beltses imported into Estonia rose notably to 265 tons, growing by 12% against the year before. In general, imports continue to indicate a significant increase. The growth pace was the most rapid in 2021 when imports increased by 64% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, life-jackets and life-belts imports surged to $6.3M in 2022. Over the period under review, imports enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 107%. Imports peaked in 2022 and are expected to retain growth in the near future.