Life-Jackets and Life-Belts Price in Ethiopia - 2022

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

The average life-jackets and life-belts import price stood at $10,035 per ton in 2022, dropping by -15.3% against the previous year. In general, import price indicated a pronounced expansion from 2012 to 2022: its price increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, life-jackets and life-belts import price decreased by -24.7% against 2020 indices. The most prominent rate of growth was recorded in 2018 an increase of 21% against the previous year. Over the period under review, average import prices hit record highs at $13,332 per ton in 2020; however, from 2021 to 2022, import prices remained at a 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 South Africa ($91,057 per ton), while the price for China ($4,822 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+31.0%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average life-jackets and life-belts export price stood at $4,899 per ton in 2022, dropping by -70.2% against the previous year. Overall, the export price saw a sharp downturn. The pace of growth appeared the most rapid in 2021 when the average export price increased by 18% against the previous year. The export price peaked at $48,122 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for Malawi amounted to -12.9% per year.

Life-Jackets and Life-Belts Imports in Ethiopia

In 2022, life-jackets and life-belts imports into Ethiopia soared to 19 tons, growing by 22% on 2021. In general, imports showed a strong increase. The pace of growth appeared the most rapid in 2020 when imports increased by 114%. As a result, imports reached the peak of 25 tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, life-jackets and life-belts imports totaled $195K in 2022. Over the period under review, imports recorded a strong expansion. The pace of growth appeared the most rapid in 2020 when imports increased by 156%. As a result, imports attained the peak of $334K. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Import of Life-Jackets and Life-Belts in Ethiopia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	37.5	163	80.5	69.1	22.6%
India	12.7	3.1	0.1	34.3	39.3%
South Africa	0.9	1.6	0.3	30.4	223.3%
Italy	0.8	39.7	47.7	0.1	-50.0%
Others	78.8	127	59.9	61.3	-8.0%
Total	131	334	189	195	14.2%

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

China (14.3 tons)
India (4.2 tons)
South Africa (0.3 tons)

Life-Jackets and Life-Belts Exports in Ethiopia

In 2022, approx. 13 tons of life-jackets and life-beltses were exported from Ethiopia; increasing by 98% on 2021 figures. Over the period under review, exports posted a significant expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 3,181%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, life-jackets and life-belts exports fell rapidly to $64K in 2022. Overall, exports saw a significant increase. The growth pace was the most rapid in 2020 with an increase of 3,390% against the previous year. As a result, the exports attained the peak of $109K. From 2021 to 2022, the growth of the exports failed to regain momentum.