Life-Jackets and Life-Belts Price in Saudi Arabia - 2021

Contents:

1. Life-Jackets and Life-Belts Price in Saudi Arabia (CIF) - 2022
2. Life-Jackets and Life-Belts Price in Saudi Arabia (FOB) - 2022
3. Life-Jackets and Life-Belts Imports in Saudi Arabia
4. Life-Jackets and Life-Belts Exports in Saudi Arabia

Life-Jackets and Life-Belts Price in Saudi Arabia (CIF) - 2022

In 2021, the average life-jackets and life-belts import price amounted to $16,313 per ton, remaining relatively unchanged against the previous year. In general, the import price recorded a remarkable increase. The most prominent rate of growth was recorded in 2013 an increase of 70%. The import price peaked at $18,474 per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was South Korea ($80,236 per ton), while the price for India ($9,547 per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+8.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Life-Jackets and Life-Belts Price in Saudi Arabia (FOB) - 2022

The average life-jackets and life-belts export price stood at $11,282 per ton in 2021, which is down by -62.2% against the previous year. Over the period under review, the export price continues to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2020 when the average export price increased by 113%. The export price peaked at $36,265 per ton in 2017; however, from 2018 to 2021, 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 Qatar ($76,737 per ton), while the average price for exports to Oman ($553 per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (-6.8%), while the prices for the other major destinations experienced a decline.

Life-Jackets and Life-Belts Imports in Saudi Arabia

In 2021, the amount of life-jackets and life-beltses imported into Saudi Arabia amounted to 211 tons, leveling off at 2020. In general, imports recorded a sharp contraction. The smallest decline of 99.9% was in 2020.

In value terms, life-jackets and life-belts imports amounted to $3.4M in 2021. Over the period under review, imports faced a abrupt setback. The smallest decline of 99.9% was in 2020.

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

1. India (100.8 tons)
2. China (45.1 tons)
3. United States (18.3 tons)
4. South Korea (8.6 tons)

Life-Jackets and Life-Belts Exports in Saudi Arabia

In 2021, approx. 10 tons of life-jackets and life-beltses were exported from Saudi Arabia; picking up by 58% compared with 2020. Overall, exports enjoyed significant growth. The pace of growth appeared the most rapid in 2020 when exports increased by 571% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to see steady growth in the immediate term.

In value terms, life-jackets and life-belts exports contracted rapidly to $115K in 2021. In general, exports continue to indicate a significant expansion. The growth pace was the most rapid in 2020 with an increase of 1,328%. As a result, the exports attained the peak of $192K, and then dropped sharply in the following year.

Top Export Markets for Life-Jackets and Life-Belts from Saudi Arabia in 2022:

1. United Arab Emirates (4.3 tons)
2. Bahrain (3.3 tons)
3. Turkey (1.9 tons)
4. Oman (0.4 tons)

Source: IndexBox Market Intelligence Platform