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

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

The average life-jackets and life-belts import price stood at $28,669 per ton in 2022, which is down by -13.3% against the previous year. Over the period under review, the import price continues to indicate a mild reduction. The pace of growth was the most pronounced in 2016 when the average import price increased by 49%. Over the period under review, average import prices attained the peak figure at $34,130 per ton in 2012; however, from 2013 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 France ($40,572 per ton), while the price for China ($15,064 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Greece (+3.7%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average life-jackets and life-belts export price stood at $28,486 per ton in 2022, remaining stable against the previous year. Over the last decade, it increased at an average annual rate of +1.1%. The most prominent rate of growth was recorded in 2017 an increase of 40% against the previous year. The export price peaked at $28,848 per ton in 2021, and then declined modestly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($49,037 per ton), while the average price for exports to Cabo Verde ($17,160 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 the United States (+7.2%), while the prices for the other major destinations experienced more modest paces of growth.

Life-Jackets and Life-Belts Imports in Portugal

In 2022, approx. 91 tons of life-jackets and life-beltses were imported into Portugal; reducing by -25.2% against 2021 figures. Overall, imports showed a perceptible slump. The most prominent rate of growth was recorded in 2021 with an increase of 71%. As a result, imports attained the peak of 122 tons, and then dropped sharply in the following year.

In value terms, life-jackets and life-belts imports reduced notably to $2.6M in 2022. Over the period under review, imports saw a noticeable decline. The pace of growth was the most pronounced in 2021 with an increase of 86%. As a result, imports attained the peak of $4M, and then declined markedly in the following year.

Import of Life-Jackets and Life-Belts in Portugal (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Greece	205	179	1,135	999	69.5%
Spain	405	290	345	436	2.5%
France	356	210	185	365	0.8%
China	49.7	121	87.3	163	48.6%
Poland	785	1,061	1,277	149	-42.5%
Italy	32.7	20.3	75.3	65.0	25.7%
Belgium	586	61.8	62.6	41.9	-58.5%
Others	367	230	878	402	3.1%
Total	2,786	2,172	4,044	2,621	-2.0%

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

Greece (35.7 tons)
Spain (19.3 tons)
China (10.8 tons)
France (9.0 tons)
Poland (7.3 tons)
Italy (2.9 tons)
Belgium (1.0 tons)

Life-Jackets and Life-Belts Exports in Portugal

In 2022, the amount of life-jackets and life-beltses exported from Portugal expanded modestly to 77 tons, increasing by 5% on the previous year. The total export volume increased at an average annual rate of +3.3% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The pace of growth was the most pronounced in 2020 when exports increased by 7.9% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the immediate term.

In value terms, life-jackets and life-belts exports rose modestly to $2.2M in 2022. The total export value increased at an average annual rate of +7.2% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 18% against the previous year. The exports peaked in 2022 and are likely to see steady growth in years to come.

Export of Life-Jackets and Life-Belts in Portugal (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
France	6.3	44.0	105	983	438.4%
Norway	N/A	273	264	344	12.3%
Angola	111	96.4	228	172	15.7%
Germany	0.1	4.7	88.6	115	947.7%
Sweden	267	142	130	79.8	-33.1%
Spain	97.2	127	116	65.1	-12.5%
Belgium	201	182	151	52.0	-36.3%
Denmark	348	328	418	42.9	-50.2%
Finland	128	148	100	35.5	-34.8%
Italy	81.4	66.0	47.7	33.1	-25.9%
Cabo Verde	36.7	27.3	36.7	26.2	-10.6%
Netherlands	82.8	64.1	37.9	6.9	-56.3%
United Kingdom	172	48.2	6.1	3.1	-73.8%
Others	244	551	378	226	-2.5%
Total	1,775	2,103	2,107	2,185	7.2%