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

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

In 2022, the average life-jackets and life-belts import price amounted to $43,650 per ton, picking up by 9.2% against the previous year. Overall, import price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of +4.2% 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 increased by +108.5% against 2019 indices. The growth pace was the most rapid in 2021 an increase of 55% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain growth in the near future.

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 France ($57,838 per ton), while the price for Belgium ($15,950 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+7.6%), while the prices for the other major suppliers experienced mixed trend patterns.

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

The average life-jackets and life-belts export price stood at $14,786 per ton in 2022, reducing by -67.6% against the previous year. Overall, the export price faced a deep setback. The most prominent rate of growth was recorded in 2021 when the average export price increased by 28%. Over the period under review, the average export prices reached the maximum at $67,120 per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Sweden ($64,667 per ton), while the average price for exports to Poland ($4,092 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 Sweden (+108.7%), while the prices for the other major destinations experienced mixed trend patterns.

Life-Jackets and Life-Belts Imports in Luxembourg

In 2022, approx. 5.4 tons of life-jackets and life-beltses were imported into Luxembourg; declining by -36.2% on 2021. Overall, imports faced a abrupt decrease. The pace of growth was the most pronounced in 2021 when imports increased by 18% against the previous year.

In value terms, life-jackets and life-belts imports contracted rapidly to $234K in 2022. In general, imports, however, recorded a strong increase. The pace of growth was the most pronounced in 2021 when imports increased by 83%. As a result, imports reached the peak of $336K, and then declined markedly in the following year.

Import of Life-Jackets and Life-Belts in Luxembourg (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
France	104	106	159	93.6	-3.5%
Germany	40.6	24.4	96.2	90.3	30.5%
Belgium	6.0	15.3	16.4	11.9	25.6%
Romania	1.9	13.4	28.1	0.6	-31.9%
Others	34.6	24.6	36.3	37.9	3.1%
Total	187	184	336	234	7.8%

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

Romania (undefined tons)
Germany (2.4 tons)
France (1.6 tons)
Belgium (0.7 tons)

Life-Jackets and Life-Belts Exports in Luxembourg

In 2022, the amount of life-jackets and life-beltses exported from Luxembourg surged to 495 kg, increasing by 228% against the previous year's figure. Overall, exports saw a significant increase. The growth pace was the most rapid in 2020 with an increase of 414%. Over the period under review, the exports reached the peak figure in 2022 and are likely to see gradual growth in the immediate term.

In value terms, life-jackets and life-belts exports rose markedly to $7.3K in 2022. In general, exports showed significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 244% against the previous year. As a result, the exports reached the peak of $9.2K. From 2021 to 2022, the growth of the exports failed to regain momentum.

Export of Life-Jackets and Life-Belts in Luxembourg (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Poland	N/A	N/A	N/A	1.7	0%
United Arab Emirates	N/A	N/A	N/A	0.9	0%
France	0.7	0.2	N/A	0.9	8.7%
United States	N/A	N/A	N/A	0.7	0%
Belgium	1.2	2.7	0.9	0.6	-20.6%
Sweden	N/A	2.5	N/A	0.4	-60.0%
Kuwait	N/A	N/A	0.9	N/A	0%
Lebanon	N/A	N/A	1.5	N/A	0%
Egypt	N/A	N/A	2.5	N/A	0%
Others	0.7	3.7	1.1	2.1	44.2%
Total	2.7	9.2	6.9	7.3	39.3%