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

Contents:

1. Life-Jackets and Life-Belts Price in Ghana (CIF) - 2022
2. Life-Jackets and Life-Belts Price in Ghana (FOB) - 2022
3. Life-Jackets and Life-Belts Imports in Ghana
4. Life-Jackets and Life-Belts Exports in Ghana

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

In 2022, the average life-jackets and life-belts import price amounted to $4,386 per ton, with an increase of 97% against the previous year. Overall, the import price, however, saw a deep contraction. The growth pace was the most rapid in 2014 when the average import price increased by 421%. Over the period under review, average import prices reached the peak figure at $13,737 per ton in 2017; however, from 2018 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 France ($54,575 per ton), while the price for China ($1,029 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+7.7%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average life-jackets and life-belts export price stood at $47,600 per ton in 2022, falling by -88.8% against the previous year. In general, the export price continues to indicate a slight shrinkage. The most prominent rate of growth was recorded in 2021 an increase of 999%. As a result, the export price reached the peak level of $426,815 per ton, and then reduced markedly in the following year.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was South Africa ($49,500 per ton), while the average price for exports to Cote d'Ivoire totaled $47,451 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Kenya (+194.7%), while the prices for the other major destinations experienced more modest paces of growth.

Life-Jackets and Life-Belts Imports in Ghana

In 2022, supplies from abroad of life-jackets and life-beltses decreased by -51.9% to 109 tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, recorded a prominent increase.

In value terms, life-jackets and life-belts imports contracted to $477K in 2022. Over the period under review, imports, however, continue to indicate a modest expansion.

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

1. China (40.4 tons)
2. United Kingdom (3.5 tons)
3. India (1.5 tons)
4. Australia (0.7 tons)
5. South Africa (0.7 tons)
6. Brazil (0.6 tons)
7. United Arab Emirates (0.6 tons)

Life-Jackets and Life-Belts Exports in Ghana

In 2022, overseas shipments of life-jackets and life-beltses decreased by -76.9% to 55 kg, falling for the second year in a row after two years of growth. In general, exports faced a significant contraction. The pace of growth was the most pronounced in 2020 when exports increased by 0.2% against the previous year. As a result, the exports reached the peak of 583 kg. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, life-jackets and life-belts exports shrank notably to $2.6K in 2022. Overall, exports showed a sharp decrease. The pace of growth appeared the most rapid in 2021 with an increase of 349%. As a result, the exports reached the peak of $102K, and then contracted markedly in the following year.

Top Export Markets for Life-Jackets and Life-Belts from Ghana in 2022:

1. Cote d'Ivoire (51.0 kg)
2. South Africa (4.0 kg)

Source: IndexBox Market Intelligence Platform