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

Life-Jackets and Life-Belts Price in Sweden (CIF) - 2023

The average life-jackets and life-belts import price stood at $29,092 per ton in June 2023, reducing by -9.2% against the previous month. Over the period under review, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in May 2023 when the average import price increased by 210% month-to-month. The import price peaked at $38,591 per ton in December 2022; however, from January 2023 to June 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was Estonia ($49,599 per ton), while the price for China ($25,206 per ton) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Moldova (+16.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Life-Jackets and Life-Belts Price in Sweden (FOB) - 2023

The average life-jackets and life-belts export price stood at $50,612 per ton in June 2023, increasing by 7.6% against the previous month. Over the period from June 2022 to June 2023, it increased at an average monthly rate of +2.2%. The most prominent rate of growth was recorded in October 2022 when the average export price increased by 52% month-to-month. Over the period under review, the average export prices reached the maximum at $51,633 per ton in January 2023; however, from February 2023 to June 2023, the export prices remained at a lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was France ($65,148 per ton), while the average price for exports to Hungary ($38,630 per ton) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+6.2%), while the prices for the other major destinations experienced more modest paces of growth.

Life-Jackets and Life-Belts Imports in Sweden

In 2022, approx. 517 tons of life-jackets and life-beltses were imported into Sweden; picking up by 2.8% against 2021. In general, imports continue to indicate significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 100% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to see gradual growth in the near future.

In value terms, life-jackets and life-belts imports rose slightly to $14M in 2022. Overall, imports continue to indicate significant growth. The growth pace was the most rapid in 2021 when imports increased by 84%. Over the period under review, imports reached the peak figure in 2022 and are likely to see steady growth in the near future.

Import of Life-Jackets and Life-Belts in Sweden (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Ukraine	2.0	2.4	5.2	5.7	41.8%
Estonia	0.4	1.0	1.4	2.0	71.0%
China	0.7	1.0	1.9	1.7	34.4%
Hungary	1.2	1.1	1.6	1.0	-5.9%
Moldova	N/A	N/A	0.6	0.9	50.0%
United Kingdom	0.5	0.4	0.5	0.7	11.9%
Finland	0.1	N/A	0.4	0.6	81.7%
Others	1.1	1.2	1.4	1.1	0.0%
Total	5.8	7.2	13.2	13.6	32.9%

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

Ukraine (245.2 tons)
China (70.3 tons)
Moldova (64.0 tons)
Estonia (45.0 tons)
Hungary (30.5 tons)
Finland (23.1 tons)
United Kingdom (10.4 tons)

Life-Jackets and Life-Belts Exports in Sweden

For the fourth consecutive year, Sweden recorded growth in overseas shipments of life-jackets and life-beltses, which increased by 6.8% to 231 tons in 2022. Overall, exports recorded significant growth. The pace of growth was the most pronounced in 2021 when exports increased by 48% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, life-jackets and life-belts exports fell to $9.9M in 2022. In general, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 59% against the previous year. As a result, the exports attained the peak of $11M, and then declined in the following year.

Export of Life-Jackets and Life-Belts in Sweden (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Norway	1,682	2,352	3,189	2,584	15.4%
Finland	705	1,056	1,626	1,604	31.5%
United Kingdom	739	825	1,390	1,528	27.4%
Denmark	922	1,218	2,130	1,209	9.5%
Ukraine	202	283	648	747	54.6%
France	53.6	88.0	107	430	100.2%
Germany	181	233	326	362	26.0%
Hungary	214	260	328	311	13.3%
Netherlands	32.8	36.2	136	236	93.1%
Others	524	362	773	886	19.1%
Total	5,255	6,713	10,653	9,898	23.5%