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

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

In June 2023, the average life-jackets and life-belts export price amounted to $25,724 per ton, reducing by -25.3% against the previous month. In general, export price indicated a noticeable expansion from June 2022 to June 2023: its price increased at an average monthly rate of +2.0% over the last twelve-month period. 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 +35.4% against April 2023 indices. The growth pace was the most rapid in May 2023 an increase of 81% month-to-month. As a result, the export price reached the peak level of $34,443 per ton, and then dropped significantly in the following month.

Prices varied noticeably by the country of destination: the country with the highest price was Slovakia ($36,850 per ton), while the average price for exports to France ($21,083 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 the Netherlands (+5.7%), while the prices for the other major destinations experienced more modest paces of growth.

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

The average life-jackets and life-belts import price stood at $19,660 per ton in June 2023, increasing by 12% against the previous month. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in March 2023 an increase of 67% month-to-month. The import price peaked at $26,871 per ton in January 2023; however, from February 2023 to June 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was France ($25,788 per ton), while the price for China ($8,879 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 Cyprus (+5.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Life-Jackets and Life-Belts Exports in Hungary

In 2022, approx. 348 tons of life-jackets and life-beltses were exported from Hungary; falling by -6.8% on the previous year's figure. In general, total exports indicated a noticeable increase from 2019 to 2022: its volume increased at an average annual rate of +2.0% 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 +69.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 82% against the previous year. As a result, the exports reached the peak of 373 tons, and then contracted in the following year.

In value terms, life-jackets and life-belts exports shrank to $6.6M in 2022. Over the period under review, exports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 89% against the previous year. As a result, the exports reached the peak of $7.5M, and then contracted in the following year.

Export of Life-Jackets and Life-Belts in Hungary (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Netherlands	1,216	610	2,213	1,928	16.6%
Norway	1,872	1,116	1,834	1,629	-4.5%
Germany	911	916	1,493	1,292	12.4%
France	804	875	1,132	1,091	10.7%
Sweden	1,116	87.3	384	220	-41.8%
Spain	29.8	89.4	87.1	173	79.7%
Others	433	252	326	225	-19.6%
Total	6,382	3,945	7,469	6,557	0.9%

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

Netherlands (116.4 tons)
Norway (82.0 tons)
France (64.0 tons)
Germany (53.3 tons)
Spain (11.8 tons)
Sweden (8.5 tons)

Life-Jackets and Life-Belts Imports in Hungary

In 2022, the amount of life-jackets and life-beltses imported into Hungary totaled 241 tons, approximately reflecting the year before. In general, total imports indicated a temperate increase from 2019 to 2022: its volume increased at an average annual rate of +3.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +81.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 80% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in the immediate term.

In value terms, life-jackets and life-belts imports reduced slightly to $4M in 2022. Over the period under review, imports, however, recorded a slight contraction. The pace of growth appeared the most rapid in 2021 when imports increased by 54% against the previous year.

Import of Life-Jackets and Life-Belts in Hungary (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Ukraine	1,493	818	1,751	1,545	1.1%
China	777	429	536	704	-3.2%
Serbia	120	N/A	527	681	78.4%
Poland	57.6	103	265	316	76.4%
France	146	57.6	106	275	23.5%
Italy	647	544	192	11.8	-73.7%
Myanmar	N/A	38.1	N/A	N/A	0%
Others	938	667	718	443	-22.1%
Total	4,178	2,657	4,094	3,976	-1.6%