Life-Jackets and Life-Belts Price in Sri Lanka - 2021
Contents:
- Life-Jackets and Life-Belts Price in Sri Lanka (FOB) - 2022
- Life-Jackets and Life-Belts Price in Sri Lanka (CIF) - 2022
- Life-Jackets and Life-Belts Exports in Sri Lanka
- Life-Jackets and Life-Belts Imports in Sri Lanka
Life-Jackets and Life-Belts Price in Sri Lanka (FOB) - 2022
The average life-jackets and life-belts export price stood at $30,053 per ton in 2022, increasing by 20% against the previous year. In general, the export price showed noticeable growth. The pace of growth appeared the most rapid in 2018 when the average export price increased by 88%. The export price peaked at $38,243 per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Singapore ($86,649 per ton), while the average price for exports to Maldives ($8,899 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 Singapore (+50.2%), while the prices for the other major destinations experienced more modest paces of growth.
Life-Jackets and Life-Belts Price in Sri Lanka (CIF) - 2022
In 2022, the average life-jackets and life-belts import price amounted to $7,046 per ton, falling by -15.4% against the previous year. In general, the import price continues to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2016 an increase of 81% against the previous year. As a result, import price reached the peak level of $27,077 per ton. From 2017 to 2022, the average import prices failed to regain momentum.
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 Japan ($22,678 per ton), while the price for China ($2,497 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+8.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Life-Jackets and Life-Belts Exports in Sri Lanka
Life-jackets and life-belts exports from Sri Lanka skyrocketed to 29 tons in 2022, picking up by 22% against 2021. In general, exports posted significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 2,018%. As a result, the exports attained the peak of 70 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, life-jackets and life-belts exports skyrocketed to $866K in 2022. Overall, exports posted a significant increase. The growth pace was the most rapid in 2020 when exports increased by 2,602% against the previous year. As a result, the exports attained the peak of $1.6M. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Life-Jackets and Life-Belts in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 13.1 | 1,031 | 464 | 433 | 220.9% |
| Singapore | N/A | 106 | N/A | 236 | 49.2% |
| Norway | 4.9 | 321 | 24.4 | 76.1 | 149.5% |
| Sweden | N/A | N/A | N/A | 35.7 | 0% |
| Germany | 4.7 | N/A | N/A | 30.1 | 85.7% |
| Maldives | 6.6 | N/A | 37.4 | 11.2 | 19.3% |
| Others | 28.2 | 94.0 | 69.1 | 44.5 | 16.4% |
| Total | 57.4 | 1,552 | 594 | 866 | 147.1% |
Top Export Markets for Life-Jackets and Life-Belts from Sri Lanka in 2022:
- United Kingdom (15.2 tons)
- Norway (3.8 tons)
- Germany (3.1 tons)
- Singapore (2.7 tons)
- Sweden (1.9 tons)
- Maldives (1.3 tons)
Life-Jackets and Life-Belts Imports in Sri Lanka
In 2022, the amount of life-jackets and life-beltses imported into Sri Lanka declined dramatically to 35 tons, with a decrease of -23.2% against 2021 figures. Over the period under review, imports, however, continue to indicate strong growth. The most prominent rate of growth was recorded in 2021 when imports increased by 122%. As a result, imports attained the peak of 46 tons, and then contracted markedly in the following year.
In value terms, life-jackets and life-belts imports dropped dramatically to $247K in 2022. In general, imports showed a abrupt decrease. The most prominent rate of growth was recorded in 2021 when imports increased by 19%.
| Import of Life-Jackets and Life-Belts in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 97.1 | 7.6 | 42.4 | 63.6 | -13.2% |
| China | 65.5 | 46.4 | 90.7 | 59.4 | -3.2% |
| Taiwan (Chinese) | 62.1 | 49.2 | 74.0 | 48.5 | -7.9% |
| India | 83.0 | 26.2 | 68.9 | 7.7 | -54.7% |
| Hong Kong SAR | 21.2 | N/A | 1.1 | 7.1 | -30.6% |
| Others | 82.5 | 189 | 102 | 60.4 | -9.9% |
| Total | 411 | 318 | 379 | 247 | -15.6% |
Top Suppliers of Life-Jackets and Life-Belts to Sri Lanka in 2022:
- China (23.8 tons)
- Taiwan (Chinese) (5.4 tons)
- Japan (2.8 tons)
- Hong Kong SAR (1.4 tons)
- India (0.7 tons)
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