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

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

In June 2023, the average life-jackets and life-belts import price amounted to $53,255 per ton, rising by 19% against the previous month. Over the period from June 2022 to June 2023, it increased at an average monthly rate of +3.0%. The pace of growth was the most pronounced in April 2023 an increase of 55% m-o-m. Over the period under review, average import prices attained the maximum at $56,768 per ton in January 2023; however, from February 2023 to June 2023, import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was the United States ($302K per ton), while the price for Poland ($20,304 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 the United States (+7.0%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average life-jackets and life-belts export price stood at $79,955 per ton in 2022, shrinking by -12.8% against the previous year. Over the period under review, the export price saw a abrupt shrinkage. The pace of growth appeared the most rapid in 2018 when the average export price increased by 21%. The export price peaked at $161,528 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($205,183 per ton), while the average price for exports to Latvia ($33,195 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 Uruguay (+74.8%), while the prices for the other major destinations experienced more modest paces of growth.

Life-Jackets and Life-Belts Imports in Finland

In 2022, the amount of life-jackets and life-beltses imported into Finland shrank modestly to 218 tons, remaining relatively unchanged against the previous year's figure. The total import volume increased at an average annual rate of +5.1% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 45% against the previous year. As a result, imports reached the peak of 218 tons, leveling off in the following year.

In value terms, life-jackets and life-belts imports rose to $8.3M in 2022. Over the period under review, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +6.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +57.7% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 51%. Imports peaked in 2022 and are likely to see steady growth in years to come.

Import of Life-Jackets and Life-Belts in Finland (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	494	650	1,077	1,720	51.6%
Estonia	1,296	1,397	1,675	1,544	6.0%
Sweden	799	834	1,191	1,029	8.8%
Hungary	18.1	29.6	532	956	275.2%
United States	1,851	471	238	653	-29.3%
Romania	32.0	65.1	44.1	540	156.5%
Germany	48.5	117	187	330	89.5%
United Kingdom	450	141	221	243	-18.6%
Poland	229	183	213	196	-5.1%
Spain	10.5	146	70.7	95.8	109.0%
Thailand	888	93.5	859	66.1	-57.9%
Slovakia	170	26.4	37.1	13.8	-56.7%
Austria	N/A	609	683	1.7	-94.7%
Others	647	518	938	939	13.2%
Total	6,934	5,281	7,967	8,327	6.3%

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

Austria (undefined tons)
China (67.9 tons)
Estonia (50.7 tons)
Sweden (22.1 tons)
Hungary (20.6 tons)
Poland (10.5 tons)
Germany (9.7 tons)
Romania (7.4 tons)
United Kingdom (4.4 tons)
Spain (3.9 tons)
United States (2.6 tons)
Thailand (1.8 tons)
Slovakia (0.2 tons)

Life-Jackets and Life-Belts Exports in Finland

In 2022, overseas shipments of life-jackets and life-beltses decreased by -42.6% to 8.3 tons, falling for the second consecutive year after two years of growth. Overall, exports showed a sharp downturn. The growth pace was the most rapid in 2020 with an increase of 6.7% against the previous year. As a result, the exports attained the peak of 49 tons. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, life-jackets and life-belts exports shrank sharply to $663K in 2022. Over the period under review, exports showed a dramatic decline. The smallest decline of -17.1% was in 2020.

Export of Life-Jackets and Life-Belts in Finland (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	182	159	136	107	-16.2%
Estonia	106	64.4	86.3	99.9	-2.0%
Sweden	912	322	63.4	75.3	-56.5%
Latvia	84.8	42.1	63.3	51.7	-15.2%
Lithuania	34.7	52.8	46.4	45.5	9.5%
Germany	1,994	1,151	575	38.2	-73.2%
Norway	48.6	15.5	27.3	35.4	-10.0%
France	365	187	6.3	30.5	-56.3%
Hong Kong SAR	1.6	197	1.1	20.0	132.1%
Canada	5.8	12.9	25.8	17.8	45.3%
Poland	0.6	0.5	30.2	16.3	200.6%
Uruguay	N/A	6.0	15.1	15.4	60.2%
South Korea	2.3	6.9	7.5	13.7	81.3%
Others	1,349	2,000	240	95.6	-58.6%
Total	5,086	4,217	1,324	663	-49.3%