Life-Jackets and Life-Belts Price in Algeria - 2022

Life-Jackets and Life-Belts Price in Algeria (CIF) - 2022

In 2022, the average life-jackets and life-belts import price amounted to $17,269 per ton, with an increase of 65% against the previous year. In general, the import price saw a strong increase. As a result, import price reached 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 the United States ($130,138 per ton), while the price for Morocco ($5,075 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+15.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Life-Jackets and Life-Belts Price in Algeria (FOB) - 2022

The average life-jackets and life-belts export price stood at $64,417 per ton in 2022, picking up by 10% against the previous year. In general, the export price continues to indicate a resilient increase. The pace of growth appeared the most rapid in 2018 an increase of 244%. Over the period under review, the average export prices attained the maximum in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was France ($69,000 per ton), while the average price for exports to Spain totaled $14,000 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (+20.4%).

Life-Jackets and Life-Belts Imports in Algeria

For the third year in a row, Algeria recorded decline in purchases abroad of life-jackets and life-beltses, which decreased by -73.3% to 6.8 tons in 2022. Over the period under review, imports showed a significant decrease. The smallest decline of -25.4% was in 2021.

In value terms, life-jackets and life-belts imports fell significantly to $118K in 2022. In general, imports faced a significant curtailment. The smallest decline of -22.5% was in 2021.

Import of Life-Jackets and Life-Belts in Algeria (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
India	61.6	54.9	56.8	28.2	-22.9%
United States	77.9	57.1	48.5	19.8	-36.7%
Morocco	64.3	40.1	8.8	11.7	-43.3%
France	40.1	20.9	13.9	11.1	-34.8%
Russia	31.1	34.9	18.5	9.5	-32.7%
China	172	65.1	51.8	5.3	-68.6%
Others	98.0	71.9	68.9	31.9	-31.2%
Total	545	345	267	118	-40.0%

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

India (2772.0 kg)
Morocco (2297.0 kg)
China (677.0 kg)
France (235.0 kg)
Russia (174.0 kg)
United States (152.0 kg)

Life-Jackets and Life-Belts Exports in Algeria

In 2022, shipments abroad of life-jackets and life-beltses decreased by -47.8% to 12 kg, falling for the second year in a row after two years of growth. Over the period under review, exports showed a sharp downturn. The most prominent rate of growth was recorded in 2020 with an increase of 2.5%. As a result, the exports reached the peak of 203 kg. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, life-jackets and life-belts exports declined significantly to $773 in 2022. Overall, exports saw a precipitous descent. The growth pace was the most rapid in 2020 with an increase of 63% against the previous year. As a result, the exports attained the peak of $10K. From 2021 to 2022, the growth of the exports remained at a lower figure.