Life-Jackets and Life-Belts Price in Japan - 2023
Contents:
- Life-Jackets and Life-Belts Price in Japan (CIF) - 2023
- Life-Jackets and Life-Belts Price in Japan (FOB) - 2022
- Life-Jackets and Life-Belts Imports in Japan
- Life-Jackets and Life-Belts Exports in Japan
Life-Jackets and Life-Belts Price in Japan (CIF) - 2023
The average life-jackets and life-belts import price stood at $50,840 per ton in July 2023, rising by 11% against the previous month. In general, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2023 when the average import price increased by 20% month-to-month. The import price peaked at $51,712 per ton in January 2023; however, from February 2023 to July 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($157K per ton), while the price for Vietnam ($13,428 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by the United States (+2.5%), while the prices for the other major suppliers experienced mixed trend patterns.
Life-Jackets and Life-Belts Price in Japan (FOB) - 2022
In 2022, the average life-jackets and life-belts export price amounted to $106,005 per ton, approximately equating the previous year. Over the period under review, export price indicated a buoyant expansion from 2012 to 2022: its price increased at an average annual rate of +5.8% 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 export price decreased by -5.0% against 2020 indices. The pace of growth was the most pronounced in 2013 when the average export price increased by 32%. Over the period under review, the average export prices hit record highs at $111,545 per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($244,313 per ton), while the average price for exports to Indonesia ($19,676 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+17.3%), while the prices for the other major destinations experienced more modest paces of growth.
Life-Jackets and Life-Belts Imports in Japan
Life-jackets and life-belts imports into Japan shrank remarkably to 281 tons in 2022, with a decrease of -16.2% on the year before. Over the period under review, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 37%. As a result, imports attained the peak of 336 tons, and then reduced dramatically in the following year.
In value terms, life-jackets and life-belts imports fell to $13M in 2022. The total import value increased at an average annual rate of +1.9% from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 30%. As a result, imports attained the peak of $13M, and then contracted slightly in the following year.
| Import of Life-Jackets and Life-Belts in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 7.2 | 6.1 | 8.8 | 8.5 | 5.7% |
| South Korea | 0.6 | 0.7 | 1.5 | 1.7 | 41.5% |
| United States | 1.3 | 1.6 | 0.7 | 1.2 | -2.6% |
| Cambodia | 0.1 | N/A | 0.1 | 0.5 | 71.0% |
| Vietnam | 2.7 | 1.5 | 1.9 | 0.5 | -43.0% |
| Myanmar | N/A | N/A | N/A | 0.1 | 0% |
| India | 0.3 | 0.2 | N/A | 0.1 | -30.7% |
| Others | 0.3 | 0.2 | 0.4 | 0.5 | 18.6% |
| Total | 12.4 | 10.3 | 13.5 | 13.1 | 1.8% |
Top Suppliers of Life-Jackets and Life-Belts to Japan in 2022:
- China (193.9 tons)
- South Korea (30.7 tons)
- Vietnam (14.8 tons)
- Cambodia (13.5 tons)
- United States (8.7 tons)
- India (7.3 tons)
- Myanmar (5.5 tons)
Life-Jackets and Life-Belts Exports in Japan
In 2022, approx. 20 tons of life-jackets and life-beltses were exported from Japan; dropping by -14.6% compared with the previous year's figure. The total export volume increased at an average annual rate of +1.4% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 37% against the previous year. As a result, the exports reached the peak of 23 tons, and then dropped in the following year.
In value terms, life-jackets and life-belts exports dropped to $2.1M in 2022. The total export value increased at an average annual rate of +5.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 29%. As a result, the exports attained the peak of $2.5M, and then dropped in the following year.
| Export of Life-Jackets and Life-Belts in Japan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 58.0 | 84.2 | 301 | 469 | 100.7% |
| Spain | 365 | 349 | 522 | 464 | 8.3% |
| Netherlands | 183 | 283 | 448 | 253 | 11.4% |
| China | 456 | 162 | 115 | 211 | -22.7% |
| France | 154 | 346 | 290 | 133 | -4.8% |
| Czech Republic | 152 | 151 | 145 | 124 | -6.6% |
| United Kingdom | 104 | 125 | 153 | 106 | 0.6% |
| Canada | N/A | N/A | 10.8 | 60.9 | 463.9% |
| South Korea | 23.8 | 11.9 | 23.6 | 33.4 | 12.0% |
| Bangladesh | N/A | 27.5 | 32.6 | 10.2 | -39.1% |
| Indonesia | 4.3 | N/A | N/A | 9.3 | 29.3% |
| Myanmar | 41.0 | 84.7 | 101 | 7.1 | -44.3% |
| Others | 251 | 274 | 314 | 239 | -1.6% |
| Total | 1,792 | 1,898 | 2,456 | 2,119 | 5.7% |
Top Export Markets for Life-Jackets and Life-Belts from Japan in 2022:
- United States (6.9 tons)
- Spain (3.3 tons)
- Netherlands (1.6 tons)
- China (1.6 tons)
- Czech Republic (1.2 tons)
- France (1.2 tons)
- United Kingdom (0.7 tons)
- Indonesia (0.5 tons)
- South Korea (0.5 tons)
- Canada (0.3 tons)
- Myanmar (0.3 tons)
- Bangladesh (0.3 tons)
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