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

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

The average life-jackets and life-belts export price stood at $10,896 per ton in July 2023, increasing by 7.3% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.9%. The most prominent rate of growth was recorded in June 2023 when the average export price increased by 21% m-o-m. Over the period under review, the average export prices reached the peak figure at $11,195 per ton in March 2023; however, from April 2023 to July 2023, the export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was the UK ($22,432 per ton), while the average price for exports to Oman ($5,101 per ton) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+7.8%), while the prices for the other major destinations experienced more modest paces of growth.

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

The average life-jackets and life-belts import price stood at $27,289 per ton in 2022, growing by 41% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.5%. The most prominent rate of growth was recorded in 2017 when the average import price increased by 43% against the previous year. Over the period under review, average import prices hit record highs at $29,432 per ton in 2019; however, from 2020 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 Singapore ($352,154 per ton), while the price for China ($5,579 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+34.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Life-Jackets and Life-Belts Exports in India

After two years of decline, overseas shipments of life-jackets and life-beltses increased by 38% to 1.8K tons in 2022. Overall, exports, however, recorded a deep slump.

In value terms, life-jackets and life-belts exports surged to $16M in 2022. Over the period under review, exports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 31%.

Export of Life-Jackets and Life-Belts in India (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	4,181	2,095	2,064	3,337	-7.2%
France	1,610	1,551	2,530	2,181	10.6%
United Arab Emirates	2,260	1,094	1,320	1,627	-10.4%
United Kingdom	603	811	1,393	1,209	26.1%
Saudi Arabia	853	490	501	1,203	12.1%
Australia	470	660	718	1,021	29.5%
Italy	501	292	691	724	13.1%
Nigeria	314	165	26.0	549	20.5%
Qatar	225	381	300	371	18.1%
Kuwait	105	27.4	34.3	338	47.7%
Mexico	234	52.7	74.2	267	4.5%
Brazil	5.8	0.3	2.5	258	254.3%
Bangladesh	78.0	32.6	76.4	50.7	-13.4%
Others	5,122	3,107	4,352	3,363	-13.1%
Total	16,563	10,758	14,083	16,498	-0.1%

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

United States (304.1 tons)
United Arab Emirates (256.7 tons)
France (203.2 tons)
Saudi Arabia (197.1 tons)
United Kingdom (100.9 tons)
Australia (94.1 tons)
Nigeria (91.0 tons)
Italy (65.6 tons)
Qatar (38.6 tons)
Bangladesh (37.6 tons)
Kuwait (36.1 tons)
Mexico (32.5 tons)
Brazil (32.0 tons)

Life-Jackets and Life-Belts Imports in India

In 2022, life-jackets and life-belts imports into India surged to 166 tons, growing by 40% compared with the year before. In general, imports recorded a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 67%. Imports peaked in 2022 and are likely to continue growth in years to come.

In value terms, life-jackets and life-belts imports surged to $4.5M in 2022. Overall, imports showed a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Life-Jackets and Life-Belts in India (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
France	90.7	63.4	530	991	121.9%
United States	1,138	348	512	740	-13.4%
Turkey	4.1	0.7	9.4	738	464.6%
China	426	605	550	670	16.3%
United Kingdom	34.9	90.1	47.6	582	155.5%
United Arab Emirates	64.5	13.0	13.7	107	18.4%
Japan	76.6	92.8	86.4	28.6	-28.0%
Qatar	1.1	N/A	N/A	22.8	174.7%
Others	257	447	549	663	37.1%
Total	2,093	1,659	2,298	4,541	29.5%