Life-Jackets and Life-Belts Price in Myanmar - 2022
Contents:
- Life-Jackets and Life-Belts Price in Myanmar (FOB) - 2022
- Life-Jackets and Life-Belts Price in Myanmar (CIF) - 2022
- Life-Jackets and Life-Belts Exports in Myanmar
- Life-Jackets and Life-Belts Imports in Myanmar
Life-Jackets and Life-Belts Price in Myanmar (FOB) - 2022
In 2022, the average life-jackets and life-belts export price amounted to $8,008 per ton, declining by -15.4% against the previous year. Overall, the export price faced a abrupt slump. The pace of growth was the most pronounced in 2020 when the average export price increased by 57% against the previous year. Over the period under review, the average export prices hit record highs at $40,000 per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($29,855 per ton), while the average price for exports to Belgium ($3,549 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 Thailand (+164.0%), while the prices for the other major destinations experienced mixed trend patterns.
Life-Jackets and Life-Belts Price in Myanmar (CIF) - 2022
The average life-jackets and life-belts import price stood at $8,411 per ton in 2022, rising by 5.5% against the previous year. Overall, the import price, however, faced a abrupt setback. The pace of growth was the most pronounced in 2020 an increase of 53%. Over the period under review, average import prices attained the peak figure at $35,909 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($30,383 per ton), while the price for China ($6,912 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+4,799.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Life-Jackets and Life-Belts Exports in Myanmar
In 2022, overseas shipments of life-jackets and life-beltses decreased by -17.3% to 576 tons, falling for the second year in a row after two years of growth. Over the period under review, exports saw a abrupt decrease. The pace of growth was the most pronounced in 2020 when exports increased by 36% against the previous year. As a result, the exports reached the peak of 1.4K tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, life-jackets and life-belts exports shrank dramatically to $4.6M in 2022. Overall, exports saw a deep setback. The most prominent rate of growth was recorded in 2020 when exports increased by 114% against the previous year. As a result, the exports reached the peak of $12M. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
| Export of Life-Jackets and Life-Belts in Myanmar (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 2.7 | 8.5 | 4.1 | 2.7 | 0.0% |
| Canada | 1.4 | 1.5 | 1.4 | 1.3 | -2.4% |
| Netherlands | 0.6 | 0.9 | N/A | 0.2 | -30.7% |
| Belgium | N/A | 0.1 | N/A | 0.1 | 0.0% |
| Thailand | N/A | N/A | 1.0 | 0.1 | -90.0% |
| Poland | 0.3 | 0.5 | N/A | N/A | 66.7% |
| Others | 0.7 | 0.7 | N/A | 0.1 | -47.7% |
| Total | 5.7 | 12.2 | 6.6 | 4.6 | -6.9% |
Top Export Markets for Life-Jackets and Life-Belts from Myanmar in 2022:
- Canada (286.5 tons)
- United States (186.6 tons)
- Netherlands (42.7 tons)
- Belgium (41.9 tons)
- Thailand (5.7 tons)
Life-Jackets and Life-Belts Imports in Myanmar
In 2022, supplies from abroad of life-jackets and life-beltses decreased by -71.2% to 33 tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 108%. As a result, imports reached the peak of 115 tons, and then shrank remarkably in the following year.
In value terms, life-jackets and life-belts imports contracted markedly to $280K in 2022. In general, imports, however, continue to indicate a strong increase. The most prominent rate of growth was recorded in 2020 when imports increased by 158%.
| Import of Life-Jackets and Life-Belts in Myanmar (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 76.6 | 196 | 514 | 199 | 37.5% |
| South Korea | 0.9 | 86.7 | N/A | 32.0 | 228.8% |
| Japan | 42.0 | 87.2 | 104 | 20.6 | -21.1% |
| Thailand | 23.4 | 15.6 | 284 | 19.8 | -5.4% |
| Others | 23.3 | 42.6 | 18.8 | 8.1 | -29.7% |
| Total | 166 | 428 | 920 | 280 | 19.0% |
Top Suppliers of Life-Jackets and Life-Belts to Myanmar in 2022:
- China (28.8 tons)
- Japan (1.7 tons)
- Thailand (1.5 tons)
- South Korea (1.1 tons)
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