Life-Jackets and Life-Belts Price in South Africa - 2023

Contents:

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

Life-Jackets and Life-Belts Price in South Africa (FOB) - 2022

In 2022, the average life-jackets and life-belts export price amounted to $10,642 per ton, with an increase of 23% against the previous year. In general, the export price, however, recorded a perceptible decrease. The export price peaked at $15,372 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Namibia ($20,074 per ton), while the average price for exports to Lesotho ($4,754 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 Swaziland (+2.9%), while the prices for the other major destinations experienced more modest paces of growth.

Life-Jackets and Life-Belts Price in South Africa (CIF) - 2022

In 2022, the average life-jackets and life-belts import price amounted to $11,615 per ton, surging by 3.1% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average import price increased by 98%. As a result, import price reached the peak level of $22,767 per ton. From 2014 to 2022, the average 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 Romania ($45,085 per ton), while the price for China ($8,434 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (+18.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Life-Jackets and Life-Belts Exports in South Africa

After three years of growth, overseas shipments of life-jackets and life-beltses decreased by -38.5% to 138 tons in 2022. Over the period under review, exports showed a noticeable decrease. The most prominent rate of growth was recorded in 2021 with an increase of 38% against the previous year. As a result, the exports reached the peak of 224 tons, and then dropped sharply in the following year.

In value terms, life-jackets and life-belts exports shrank significantly to $1.5M in 2022. Overall, exports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when exports increased by 25%.

Export of Life-Jackets and Life-Belts in South Africa (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Zimbabwe15421319326720.1%
Namibia1861672172388.6%
Mozambique244273326144-16.1%
Democratic Republic of the Congo144187163117-6.7%
Botswana10389.113993.1-3.3%
Zambia12284.511691.5-9.1%
Swaziland33.753.943.464.424.1%
Lesotho29.430.868.637.88.7%
Others419699677411-0.6%
Total1,4341,7971,9441,4640.7%

Top Export Markets for Life-Jackets and Life-Belts from South Africa in 2022:

  1. Zimbabwe (48.0 tons)
  2. Botswana (14.1 tons)
  3. Namibia (11.9 tons)
  4. Zambia (10.3 tons)
  5. Mozambique (9.1 tons)
  6. Democratic Republic of the Congo (8.6 tons)
  7. Lesotho (8.0 tons)
  8. Swaziland (7.0 tons)

Life-Jackets and Life-Belts Imports in South Africa

In 2022, the amount of life-jackets and life-beltses imported into South Africa surged to 140 tons, jumping by 27% on the previous year. Overall, imports continue to indicate a strong increase. The most prominent rate of growth was recorded in 2020 with an increase of 249% against the previous year. As a result, imports reached the peak of 283 tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, life-jackets and life-belts imports soared to $1.6M in 2022. In general, imports enjoyed buoyant growth. The most prominent rate of growth was recorded in 2020 with an increase of 169% against the previous year. As a result, imports attained the peak of $3M. From 2021 to 2022, the growth of imports remained at a lower figure.

Import of Life-Jackets and Life-Belts in South Africa (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China6012,39766386312.8%
Thailand17921670.4138-8.3%
Romania5.83.80.1115170.7%
India39.748.510711442.1%
Greece41.744.692.498.633.2%
Others2522963102925.0%
Total1,1193,0061,2421,62113.1%

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

  1. China (102.3 tons)
  2. India (12.5 tons)
  3. Thailand (8.0 tons)
  4. Greece (5.6 tons)
  5. Romania (2.6 tons)

Source: IndexBox Market Intelligence Platform

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