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

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

In 2022, the average life-jackets and life-belts export price amounted to $22,047 per ton, declining by -6.8% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the average export price increased by 21% against the previous year. The export price peaked at $26,439 per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

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 Singapore ($39,118 per ton), while the average price for exports to Austria ($2,359 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 Singapore (+6.9%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, the average life-jackets and life-belts import price amounted to $19,117 per ton, flattening at the previous year. Overall, the import price, however, saw a slight reduction. The most prominent rate of growth was recorded in 2020 an increase of 19% against the previous year. Over the period under review, average import prices attained the peak figure at $21,840 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($33,031 per ton), while the price for Germany ($11,592 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+4.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Life-Jackets and Life-Belts Exports in Greece

Life-jackets and life-belts exports from Greece stood at 173 tons in 2022, standing approx. at the previous year's figure. The total export volume increased at an average annual rate of +6.2% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 43%. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, life-jackets and life-belts exports dropped to $3.8M in 2022. The total export value increased at an average annual rate of +1.6% from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 30% against the previous year. As a result, the exports reached the peak of $4.1M, and then fell in the following year.

Export of Life-Jackets and Life-Belts in Greece (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United Arab Emirates	975	724	361	706	-10.2%
Portugal	242	113	262	323	10.1%
Chile	5.1	21.6	251	250	266.0%
Turkey	97.9	172	238	230	32.9%
United Kingdom	62.2	32.1	409	220	52.4%
Singapore	254	288	327	199	-7.8%
Netherlands	37.2	36.6	153	149	58.8%
Hong Kong SAR	233	247	198	144	-14.8%
Cyprus	134	52.1	32.2	103	-8.4%
Spain	26.5	52.3	51.6	66.6	36.0%
Australia	5.7	2.3	0.2	53.9	111.5%
Romania	155	81.2	77.3	48.5	-32.1%
Austria	N/A	N/A	N/A	7.9	0%
Others	1,408	1,306	1,719	1,317	-2.2%
Total	3,635	3,127	4,078	3,816	1.6%

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

United Arab Emirates (24.7 tons)
United Kingdom (17.5 tons)
Portugal (15.0 tons)
Netherlands (14.0 tons)
Romania (9.9 tons)
Turkey (9.4 tons)
Chile (7.3 tons)
Spain (6.6 tons)
Cyprus (5.7 tons)
Singapore (5.1 tons)
Australia (4.4 tons)
Hong Kong SAR (3.7 tons)
Austria (3.4 tons)

Life-Jackets and Life-Belts Imports in Greece

In 2022, the amount of life-jackets and life-beltses imported into Greece expanded slightly to 54 tons, surging by 4.1% on 2021 figures. Overall, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by 49% against the previous year.

In value terms, life-jackets and life-belts imports rose notably to $1M in 2022. In general, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +7.2% 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 +64.9% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 57% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to continue growth in the immediate term.

Import of Life-Jackets and Life-Belts in Greece (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	462	294	518	648	11.9%
Italy	42.2	18.3	14.4	44.1	1.5%
France	144	55.3	28.3	44.1	-32.6%
Poland	6.2	14.7	187	37.1	81.5%
United Kingdom	64.1	62.1	33.4	33.6	-19.4%
Spain	2.1	9.0	5.3	27.6	136.0%
Germany	17.4	13.8	22.4	27.4	16.3%
Turkey	46.6	15.3	0.9	9.9	-40.3%
Others	54.4	144	171	162	43.9%
Total	839	627	982	1,033	7.2%