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

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

In 2022, the average life-jackets and life-belts import price amounted to $5,265 per ton, reducing by -33.8% against the previous year. Over the period under review, the import price recorded a deep downturn. The most prominent rate of growth was recorded in 2020 an increase of 33%. The import price peaked at $10,365 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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 Greece ($37,966 per ton), while the price for India ($1,629 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+6.5%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average life-jackets and life-belts export price stood at $10,397 per ton in 2022, which is down by -5.4% against the previous year. Overall, the export price faced a abrupt slump. The most prominent rate of growth was recorded in 2016 when the average export price increased by 39%. The export price peaked at $33,098 per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

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 Spain ($45,000 per ton), while the average price for exports to France ($9,000 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 the Netherlands (+37.4%), while the prices for the other major destinations experienced a decline.

Life-Jackets and Life-Belts Imports in Bangladesh

In 2022, life-jackets and life-belts imports into Bangladesh declined markedly to 105 tons, reducing by -48.1% against 2021 figures. Over the period under review, imports faced a abrupt descent. The growth pace was the most rapid in 2021 when imports increased by 158%. As a result, imports attained the peak of 203 tons, and then shrank rapidly in the following year.

In value terms, life-jackets and life-belts imports dropped rapidly to $554K in 2022. Overall, imports showed a abrupt setback. The most prominent rate of growth was recorded in 2021 when imports increased by 217% against the previous year. As a result, imports attained the peak of $1.6M, and then reduced notably in the following year.

Import of Life-Jackets and Life-Belts in Bangladesh (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	692	180	631	221	-31.6%
Greece	25.7	38.5	348	149	79.6%
Russia	16.4	47.3	184	78.3	68.4%
India	67.9	21.1	107	29.2	-24.5%
Others	178	221	341	76.5	-24.5%
Total	980	508	1,611	554	-17.3%

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

China (71.5 tons)
India (17.9 tons)
Russia (8.7 tons)
Greece (3.9 tons)

Life-Jackets and Life-Belts Exports in Bangladesh

After three years of growth, overseas shipments of life-jackets and life-beltses decreased by -0.8% to 1.3 tons in 2022. The total export volume increased at an average annual rate of +8.2% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2020 when exports increased by 27% against the previous year.

In value terms, life-jackets and life-belts exports dropped to $14K in 2022. Over the period under review, exports showed a abrupt downturn. The smallest decline of -6.2% was in 2021.