Life-Jackets and Life-Belts Price in Singapore - 2022
Contents:
- Life-Jackets and Life-Belts Price in Singapore (CIF) - 2022
- Life-Jackets and Life-Belts Price in Singapore (FOB) - 2022
- Life-Jackets and Life-Belts Imports in Singapore
- Life-Jackets and Life-Belts Exports in Singapore
Life-Jackets and Life-Belts Price in Singapore (CIF) - 2022
The average life-jackets and life-belts import price stood at $45,830 per ton in 2022, rising by 21% against the previous year. Over the last decade, it increased at an average annual rate of +3.3%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
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 Sri Lanka ($93,186 per ton), while the price for Taiwan (Chinese) ($21,055 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sri Lanka (+64.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Life-Jackets and Life-Belts Price in Singapore (FOB) - 2022
The average life-jackets and life-belts export price stood at $40,675 per ton in 2022, with an increase of 37% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The export price peaked at $45,203 per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Indonesia ($57,126 per ton), while the average price for exports to Brunei Darussalam ($29,160 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 Arab Emirates (+26.9%), while the prices for the other major destinations experienced mixed trend patterns.
Life-Jackets and Life-Belts Imports in Singapore
Life-jackets and life-belts imports into Singapore rose rapidly to 125 tons in 2022, with an increase of 7.5% on 2021. Over the period under review, imports, however, faced a deep contraction. The growth pace was the most rapid in 2021 when imports increased by 10% against the previous year.
In value terms, life-jackets and life-belts imports skyrocketed to $5.7M in 2022. In general, total imports indicated a temperate expansion from 2019 to 2022: its value increased at an average annual rate of +2.7% 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 +59.2% against 2020 indices. 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 Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1,017 | 893 | 853 | 1,545 | 15.0% |
| China | 1,467 | 1,072 | 1,244 | 1,361 | -2.5% |
| Thailand | 402 | 150 | 442 | 583 | 13.2% |
| Sri Lanka | N/A | 2.1 | N/A | 418 | 1310.8% |
| United Kingdom | 617 | 147 | 756 | 309 | -20.6% |
| Greece | 357 | 236 | 203 | 265 | -9.5% |
| Germany | 214 | 117 | 370 | 210 | -0.6% |
| Italy | 312 | 123 | 115 | 173 | -17.8% |
| Poland | 39.0 | N/A | 8.2 | 98.3 | 36.1% |
| Denmark | 51.4 | 53.7 | 13.7 | 92.0 | 21.4% |
| Taiwan (Chinese) | 11.9 | 0.8 | 6.3 | 89.3 | 95.8% |
| Indonesia | 10.9 | 1.2 | 1.4 | 55.9 | 72.4% |
| Others | 769 | 788 | 358 | 507 | -13.0% |
| Total | 5,268 | 3,584 | 4,371 | 5,708 | 2.7% |
Top Suppliers of Life-Jackets and Life-Belts to Singapore in 2022:
- China (35.3 tons)
- United States (20.9 tons)
- Thailand (12.8 tons)
- Greece (8.0 tons)
- United Kingdom (8.0 tons)
- Germany (5.3 tons)
- Sri Lanka (4.5 tons)
- Italy (4.2 tons)
- Taiwan (Chinese) (4.2 tons)
- Denmark (3.1 tons)
- Poland (2.5 tons)
- Indonesia (1.9 tons)
Life-Jackets and Life-Belts Exports in Singapore
Life-jackets and life-belts exports from Singapore fell notably to 50 tons in 2022, waning by -23.6% on the year before. Overall, exports recorded a deep slump. The smallest decline of -0.1% was in 2021.
In value terms, life-jackets and life-belts exports totaled $2M in 2022. In general, exports saw a abrupt shrinkage.
| Export of Life-Jackets and Life-Belts in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 1,803 | 943 | 666 | 729 | -26.1% |
| Malaysia | 582 | 618 | 418 | 355 | -15.2% |
| China | 105 | 86.3 | 111 | 207 | 25.4% |
| Philippines | 83.2 | 7.3 | 70.5 | 103 | 7.4% |
| Brunei Darussalam | 64.9 | 284 | 310 | 97.8 | 14.6% |
| Thailand | 93.5 | 75.1 | 48.6 | 90.5 | -1.1% |
| Hong Kong SAR | 42.7 | 4.3 | 17.6 | 87.1 | 26.8% |
| Australia | 134 | 26.4 | 23.0 | 31.4 | -38.3% |
| Others | 458 | 476 | 290 | 344 | -9.1% |
| Total | 3,366 | 2,521 | 1,956 | 2,044 | -15.3% |
Top Export Markets for Life-Jackets and Life-Belts from Singapore in 2022:
- Indonesia (12.8 tons)
- Malaysia (7.7 tons)
- China (7.1 tons)
- Philippines (3.5 tons)
- Brunei Darussalam (3.4 tons)
- Thailand (3.1 tons)
- Hong Kong SAR (3.0 tons)
- Australia (1.1 tons)
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