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

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

The average life-jackets and life-belts import price stood at $25,450 per ton in 2022, growing by 8.3% against the previous year. In general, the import price, however, recorded a pronounced shrinkage. The growth pace was the most rapid in 2016 when the average import price increased by 75%. As a result, import price attained the peak level of $49,049 per ton. From 2017 to 2022, the average import prices remained at a somewhat 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 the United States ($159,006 per ton), while the price for China ($7,845 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+9.5%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average life-jackets and life-belts export price amounted to $79,734 per ton, dropping by -4.5% against the previous year. Overall, the export price, however, showed a measured expansion. The most prominent rate of growth was recorded in 2018 an increase of 134%. The export price peaked at $134,062 per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Canada ($286,817 per ton), while the average price for exports to Argentina ($20,312 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 Canada (+12.0%), while the prices for the other major destinations experienced more modest paces of growth.

Life-Jackets and Life-Belts Imports in Brazil

In 2022, imports of life-jackets and life-beltses into Brazil soared to 268 tons, jumping by 24% on the previous year. Overall, total imports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +15.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +68.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 36%. Imports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, life-jackets and life-belts imports skyrocketed to $6.8M in 2022. Over the period under review, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +7.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +88.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 41%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the near future.

Import of Life-Jackets and Life-Belts in Brazil (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	3,389	1,331	1,782	3,569	1.7%
China	1,043	904	1,375	1,678	17.2%
Vietnam	2.4	0.3	9.3	357	429.8%
Taiwan (Chinese)	120	72.4	135	245	26.9%
India	9.9	5.9	5.1	172	159.0%
Others	976	1,304	1,786	802	-6.3%
Total	5,539	3,617	5,093	6,824	7.2%

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

China (214.0 tons)
United States (22.4 tons)
India (9.2 tons)
Taiwan (Chinese) (8.7 tons)
Vietnam (6.3 tons)

Life-Jackets and Life-Belts Exports in Brazil

Life-jackets and life-belts exports from Brazil surged to 13 tons in 2022, jumping by 62% on the previous year. Overall, exports posted a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, life-jackets and life-belts exports skyrocketed to $1M in 2022. In general, exports posted a measured increase. The most prominent rate of growth was recorded in 2021 with an increase of 70% against the previous year. The exports peaked in 2022 and are likely to continue growth in years to come.

Export of Life-Jackets and Life-Belts in Brazil (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	464	67.4	85.7	218	-22.3%
Canada	17.7	7.0	N/A	172	113.4%
Chile	41.3	56.6	74.5	84.2	26.8%
Paraguay	22.6	32.4	51.8	61.2	39.4%
Peru	36.8	21.5	51.2	59.1	17.1%
Argentina	10.6	20.8	9.3	55.3	73.4%
Panama	2.8	7.6	18.5	49.2	160.0%
China	108	0.1	4.2	47.6	-23.9%
Mexico	N/A	6.1	1.8	39.6	154.8%
Uruguay	3.1	9.2	17.5	32.8	119.5%
Angola	1.1	0.9	0.5	26.5	188.8%
Ghana	10.7	12.1	15.0	18.1	19.2%
Hong Kong SAR	2.9	2.2	4.2	5.3	22.3%
Others	170	144	326	153	-3.5%
Total	892	387	660	1,021	4.6%