Life-Jackets and Life-Belts Price in Norway - 2023
Contents:
- Life-Jackets and Life-Belts Price in Norway (CIF) - 2023
- Life-Jackets and Life-Belts Price in Norway (FOB) - 2022
- Life-Jackets and Life-Belts Imports in Norway
- Life-Jackets and Life-Belts Exports in Norway
Life-Jackets and Life-Belts Price in Norway (CIF) - 2023
In August 2023, the average life-jackets and life-belts import price amounted to $28,894 per ton, declining by -33.6% against the previous month. In general, the import price showed a perceptible decline. The most prominent rate of growth was recorded in December 2022 an increase of 341% m-o-m. As a result, import price attained the peak level of $143K per ton. From January 2023 to August 2023, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was Denmark ($239K per ton), while the price for China ($12,586 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Denmark (+26.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Life-Jackets and Life-Belts Price in Norway (FOB) - 2022
The average life-jackets and life-belts export price stood at $50,366 per ton in 2022, with a decrease of -23.6% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.6%. The pace of growth appeared the most rapid in 2014 when the average export price increased by 29% against the previous year. As a result, the export price reached the peak level of $68,975 per ton. From 2015 to 2022, the average export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Turkey ($86,812 per ton), while the average price for exports to the United Arab Emirates ($16,782 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 (+8.6%), while the prices for the other major destinations experienced more modest paces of growth.
Life-Jackets and Life-Belts Imports in Norway
In 2022, the amount of life-jackets and life-beltses imported into Norway surged to 389 tons, with an increase of 19% against 2021. Over the period under review, total imports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +13.0% 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 +67.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 41%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, life-jackets and life-belts imports surged to $20M in 2022. In general, imports continue to indicate a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Life-Jackets and Life-Belts in Norway (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 622 | 521 | 340 | 7,005 | 124.2% |
| China | 1,229 | 1,385 | 2,663 | 4,168 | 50.2% |
| Hungary | 1,948 | 1,755 | 2,768 | 2,327 | 6.1% |
| Estonia | 573 | 772 | 849 | 885 | 15.6% |
| United Kingdom | 1,037 | 735 | 968 | 877 | -5.4% |
| Ukraine | 125 | 622 | 717 | 728 | 79.9% |
| Cambodia | 51.0 | 200 | 232 | 549 | 120.8% |
| France | 143 | 161 | 77.8 | 449 | 46.4% |
| Thailand | 292 | 219 | 310 | 391 | 10.2% |
| Sweden | 293 | 280 | 343 | 369 | 8.0% |
| Portugal | 26.5 | 278 | 251 | 294 | 123.0% |
| Others | 1,928 | 1,606 | 1,850 | 1,664 | -4.8% |
| Total | 8,266 | 8,534 | 11,368 | 19,707 | 33.6% |
Top Suppliers of Life-Jackets and Life-Belts to Norway in 2022:
- China (115.0 tons)
- Hungary (94.9 tons)
- Poland (53.0 tons)
- Estonia (18.5 tons)
- Ukraine (16.9 tons)
- Cambodia (13.0 tons)
- United Kingdom (11.5 tons)
- France (9.3 tons)
- Sweden (8.7 tons)
- Portugal (8.6 tons)
- Thailand (6.9 tons)
Life-Jackets and Life-Belts Exports in Norway
In 2022, shipments abroad of life-jackets and life-beltses was finally on the rise to reach 24 tons after two years of decline. In general, total exports indicated mild growth from 2019 to 2022: its volume increased at an average annual rate of +1.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, life-jackets and life-belts exports expanded significantly to $1.2M in 2022. Over the period under review, exports, however, continue to indicate a mild slump.
| Export of Life-Jackets and Life-Belts in Norway (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Denmark | 101 | 129 | 84.2 | 295 | 42.9% |
| United Kingdom | 149 | 136 | 211 | 184 | 7.3% |
| Netherlands | 190 | 245 | 98.2 | 86.1 | -23.2% |
| Germany | 174 | 45.0 | 54.2 | 85.5 | -21.1% |
| Sweden | 125 | 107 | 85.1 | 81.1 | -13.4% |
| Turkey | 1.3 | 19.2 | 9.8 | 60.0 | 258.7% |
| Iceland | 28.2 | 36.7 | 27.4 | 42.2 | 14.4% |
| Singapore | 58.0 | 15.5 | 41.8 | 34.1 | -16.2% |
| Algeria | N/A | 21.3 | 23.3 | 31.0 | 20.6% |
| Poland | 17.9 | 13.4 | 4.8 | 26.3 | 13.7% |
| Finland | 37.0 | 22.5 | 11.8 | 19.8 | -18.8% |
| France | 11.2 | 10.8 | 4.5 | 17.4 | 15.8% |
| Faroe Islands | 39.1 | 47.6 | 27.7 | 16.5 | -25.0% |
| Others | 336 | 219 | 427 | 234 | -11.4% |
| Total | 1,268 | 1,069 | 1,111 | 1,213 | -1.5% |
Top Export Markets for Life-Jackets and Life-Belts from Norway in 2022:
- Denmark (9.4 tons)
- United Kingdom (3.2 tons)
- Sweden (1.5 tons)
- Netherlands (1.4 tons)
- Germany (1.4 tons)
- Poland (1.0 tons)
- Turkey (0.7 tons)
- Iceland (0.7 tons)
- France (0.6 tons)
- Singapore (0.5 tons)
- Algeria (0.4 tons)
- Finland (0.4 tons)
- Faroe Islands (0.3 tons)
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