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

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

In July 2023, the average life-jackets and life-belts import price amounted to $31,407 per ton, falling by -6% against the previous month. Over the period under review, the import price continues to indicate a abrupt decrease. The pace of growth appeared the most rapid in April 2023 an increase of 101% against the previous month. The import price peaked at $96,528 per ton in October 2022; however, from November 2022 to July 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was the United States ($118K per ton), while the price for Belgium ($5,817 per ton) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by the Czech Republic (+3.0%), while the prices for the other major suppliers experienced a decline.

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

In July 2023, the average life-jackets and life-belts export price amounted to $13,858 per ton, falling by -2.4% against the previous month. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in August 2022 an increase of 99% month-to-month. As a result, the export price attained the peak level of $26,093 per ton. From September 2022 to July 2023, the the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In July 2023, the country with the highest price was Congo ($18,662 per ton), while the average price for exports to Georgia ($7,785 per ton) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+17.1%), while the prices for the other major destinations experienced more modest paces of growth.

Life-Jackets and Life-Belts Imports in Turkey

In 2022, the amount of life-jackets and life-beltses imported into Turkey soared to 52 tons, growing by 24% against the previous year. In general, imports, however, faced a precipitous contraction.

In value terms, life-jackets and life-belts imports skyrocketed to $2.9M in 2022. Over the period under review, imports, however, continue to indicate a abrupt setback. The pace of growth appeared the most rapid in 2021 when imports increased by 16%.

Import of Life-Jackets and Life-Belts in Turkey (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	1,286	1,150	1,119	1,211	-2.0%
China	894	120	136	366	-25.7%
Thailand	45.7	61.7	97.0	204	64.7%
India	N/A	N/A	N/A	176	0%
France	111	2.8	51.5	164	13.9%
Greece	154	97.7	127	141	-2.9%
Czech Republic	33.0	34.1	152	88.2	38.8%
Cambodia	14.0	N/A	0.3	81.2	79.7%
United Kingdom	89.0	199	141	72.5	-6.6%
Romania	43.2	46.6	50.0	71.3	18.2%
Slovakia	119	54.2	95.1	67.7	-17.1%
Poland	43.5	0.1	22.0	36.3	-5.9%
Taiwan (Chinese)	13.1	0.5	N/A	20.9	16.8%
Others	683	382	505	182	-35.6%
Total	3,529	2,149	2,496	2,881	-6.5%

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

China (18.6 tons)
United States (10.2 tons)
Thailand (4.2 tons)
Greece (3.2 tons)
Cambodia (2.9 tons)
Romania (1.6 tons)
Slovakia (1.6 tons)
Taiwan (Chinese) (1.5 tons)
Poland (1.4 tons)
United Kingdom (1.4 tons)
Czech Republic (1.2 tons)
India (0.9 tons)
France (0.9 tons)

Life-Jackets and Life-Belts Exports in Turkey

Life-jackets and life-belts exports from Turkey soared to 284 tons in 2022, rising by 83% against the previous year's figure. In general, exports showed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, life-jackets and life-belts exports skyrocketed to $3.1M in 2022. Over the period under review, exports posted significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 71% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to see steady growth in years to come.

Export of Life-Jackets and Life-Belts in Turkey (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Morocco	14.3	0.3	180	781	279.4%
France	181	181	469	532	43.2%
Azerbaijan	85.2	92.7	68.8	401	67.6%
United Kingdom	3.0	67.7	110	77.4	195.5%
Iraq	131	18.6	35.0	60.9	-22.5%
Netherlands	24.4	15.7	18.8	45.8	23.4%
Turkmenistan	31.0	33.9	19.2	34.8	3.9%
Kazakhstan	171	30.8	9.0	31.9	-42.9%
Others	821	668	988	1,113	10.7%
Total	1,462	1,108	1,897	3,077	28.2%