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

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

The average life-jackets and life-belts import price stood at $55,920 per ton in June 2023, picking up by 16% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +2.3%. The most prominent rate of growth was recorded in December 2022 an increase of 27% m-o-m. As a result, import price attained the peak level of $64,293 per ton. From January 2023 to June 2023, the average import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was the United States ($106K per ton), while the price for Turkey ($8,422 per ton) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Poland (+7.2%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average life-jackets and life-belts export price stood at $103K per ton in June 2023, rising by 42% against the previous month. Over the period under review, export price indicated a pronounced expansion from June 2022 to June 2023: its price increased at an average monthly rate of +3.8% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on June 2023 figures, life-jackets and life-belts export price increased by +42.2% against May 2023 indices. The pace of growth appeared the most rapid in March 2023 an increase of 158% month-to-month. As a result, the export price reached the peak level of $135K per ton. From April 2023 to June 2023, the the average export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In June 2023, the country with the highest price was Israel ($298K per ton), while the average price for exports to Poland ($16,176 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 Israel (+28.6%), while the prices for the other major destinations experienced more modest paces of growth.

Life-Jackets and Life-Belts Imports in Germany

In 2022, the amount of life-jackets and life-beltses imported into Germany dropped markedly to 336 tons, waning by -18.3% compared with the previous year's figure. In general, imports showed a drastic downturn. The pace of growth was the most pronounced in 2021 when imports increased by 26%. As a result, imports reached the peak of 412 tons, and then fell dramatically in the following year.

In value terms, life-jackets and life-belts imports shrank to $15M in 2022. Over the period under review, imports saw a slight contraction. The pace of growth was the most pronounced in 2021 when imports increased by 34%. As a result, imports reached the peak of $17M, and then dropped in the following year.

Import of Life-Jackets and Life-Belts in Germany (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	5.1	3.2	4.1	4.8	-2.0%
China	3.1	2.2	2.5	2.7	-4.5%
France	1.0	0.6	0.7	1.4	11.9%
Estonia	1.6	1.9	2.9	1.0	-14.5%
Hungary	0.5	0.6	1.4	1.0	26.0%
Poland	0.9	0.8	1.0	0.8	-3.9%
Thailand	0.5	0.7	1.0	0.4	-7.2%
India	N/A	N/A	0.1	0.3	200.0%
Italy	0.4	0.2	0.4	0.1	-37.0%
Others	3.0	2.5	2.9	2.8	-2.3%
Total	16.2	12.7	17.1	15.4	-1.7%

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

China (75.3 tons)
United States (48.8 tons)
Poland (40.6 tons)
Hungary (34.4 tons)
Estonia (29.5 tons)
France (25.9 tons)
India (15.8 tons)
Thailand (11.5 tons)
Italy (4.0 tons)

Life-Jackets and Life-Belts Exports in Germany

In 2022, exports of life-jackets and life-beltses from Germany declined to 151 tons, waning by -7.8% compared with 2021 figures. Overall, exports recorded a deep downturn. The growth pace was the most rapid in 2021 with an increase of 14% against the previous year.

In value terms, life-jackets and life-belts exports shrank modestly to $11M in 2022. The total export value increased at an average annual rate of +4.5% over the period from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 22%. As a result, the exports reached the peak of $11M, and then contracted in the following year.

Export of Life-Jackets and Life-Belts in Germany (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Switzerland	869	1,220	1,444	1,571	21.8%
Italy	451	214	899	1,371	44.9%
Netherlands	1,339	1,073	1,150	1,288	-1.3%
China	1,078	670	986	798	-9.5%
Austria	554	549	647	611	3.3%
France	1,102	830	604	602	-18.3%
Denmark	453	588	704	571	8.0%
Poland	362	262	226	359	-0.3%
Singapore	220	102	483	347	16.4%
Spain	119	99.4	402	339	41.8%
Norway	109	116	182	215	25.4%
Finland	126	122	81.2	112	-3.9%
Estonia	13.1	28.5	46.2	105	100.1%
Others	2,843	3,354	3,426	2,699	-1.7%
Total	9,639	9,228	11,281	10,989	4.5%