Life-Jackets and Life-Belts Price in Hong Kong SAR - 2023
Contents:
- Life-Jackets and Life-Belts Price in Hong Kong SAR (CIF) - 2022
- Life-Jackets and Life-Belts Price in Hong Kong SAR (FOB) - 2022
- Life-Jackets and Life-Belts Imports in Hong Kong SAR
- Life-Jackets and Life-Belts Exports in Hong Kong SAR
Life-Jackets and Life-Belts Price in Hong Kong SAR (CIF) - 2022
In 2022, the average life-jackets and life-belts import price amounted to $32,258 per ton, with a decrease of -10.7% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 8%. As a result, import price attained the peak level of $36,144 per ton, and then reduced in the following year.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from France ($32,259 per ton) and Greece ($32,258 per ton), while the price for the UK ($32,257 per ton) and China ($32,257 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (-0.3%), while the prices for the other major suppliers experienced a decline.
Life-Jackets and Life-Belts Price in Hong Kong SAR (FOB) - 2022
The average life-jackets and life-belts export price stood at $40,497 per ton in 2022, declining by -8.8% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the average export price increased by 14%. The export price peaked at $44,410 per ton in 2021, and then contracted in the following year.
Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to India ($40,523 per ton) and Switzerland ($40,514 per ton), while the average price for exports to the Philippines ($40,473 per ton) and Singapore ($40,489 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+1.8%), while the prices for the other major destinations experienced mixed trend patterns.
Life-Jackets and Life-Belts Imports in Hong Kong SAR
For the third year in a row, Hong Kong SAR recorded decline in supplies from abroad of life-jackets and life-beltses, which decreased by -25.9% to 81 tons in 2022. Overall, imports continue to indicate a dramatic contraction. The smallest decline of -13.2% was in 2021.
In value terms, life-jackets and life-belts imports dropped dramatically to $2.6M in 2022. In general, imports recorded a dramatic setback. The smallest decline of -6.3% was in 2021.
| Import of Life-Jackets and Life-Belts in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 3,366 | 1,672 | 1,636 | 1,010 | -33.1% |
| Italy | 612 | 421 | 724 | 330 | -18.6% |
| Greece | 146 | 219 | 122 | 200 | 11.1% |
| France | 1,364 | 1,101 | 367 | 193 | -47.9% |
| Taiwan (Chinese) | 106 | 33.3 | 125 | 167 | 16.4% |
| United States | 291 | 157 | 176 | 158 | -18.4% |
| United Kingdom | 293 | 214 | 182 | 124 | -24.9% |
| Singapore | 308 | 67.5 | 27.4 | 3.5 | -77.5% |
| Others | 564 | 328 | 590 | 427 | -8.9% |
| Total | 7,050 | 4,214 | 3,950 | 2,612 | -28.2% |
Top Suppliers of Life-Jackets and Life-Belts to Hong Kong SAR in 2022:
- China (31.3 tons)
- Italy (10.2 tons)
- Greece (6.2 tons)
- France (6.0 tons)
- Taiwan (Chinese) (5.2 tons)
- United States (4.9 tons)
- United Kingdom (3.9 tons)
- Singapore (0.1 tons)
Life-Jackets and Life-Belts Exports in Hong Kong SAR
For the third consecutive year, Hong Kong SAR recorded decline in overseas shipments of life-jackets and life-beltses, which decreased by -32.2% to 34 tons in 2022. Over the period under review, exports faced a sharp decline. The smallest decline of -23.2% was in 2021.
In value terms, life-jackets and life-belts exports fell notably to $1.4M in 2022. In general, exports saw a sharp shrinkage. The smallest decline of -22.1% was in 2021.
| Export of Life-Jackets and Life-Belts in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,668 | 736 | 947 | 359 | -40.1% |
| Japan | 131 | 167 | 150 | 210 | 17.0% |
| Maldives | 128 | 26.4 | 51.1 | 115 | -3.5% |
| Mexico | 4.4 | 1.2 | 0.5 | 98.4 | 181.7% |
| Thailand | 58.4 | 27.2 | 104 | 81.2 | 11.6% |
| Singapore | 311 | 165 | 197 | 80.7 | -36.2% |
| Malaysia | 68.6 | 39.4 | 22.1 | 80.3 | 5.4% |
| Taiwan (Chinese) | 75.6 | 84.9 | 66.6 | 61.3 | -6.8% |
| United States | 641 | 169 | 156 | 52.0 | -56.7% |
| Switzerland | 81.2 | 55.5 | 51.5 | 46.1 | -17.2% |
| India | 205 | 41.9 | 23.8 | 29.8 | -47.4% |
| Philippines | 185 | 57.6 | 96.5 | 29.7 | -45.7% |
| Indonesia | 38.8 | 12.4 | N/A | 24.3 | -14.4% |
| Others | 2,773 | 1,302 | 381 | 122 | -64.7% |
| Total | 6,370 | 2,885 | 2,247 | 1,390 | -39.8% |
Top Export Markets for Life-Jackets and Life-Belts from Hong Kong SAR in 2022:
- China (8.9 tons)
- Japan (5.2 tons)
- Maldives (2.8 tons)
- Mexico (2.4 tons)
- Singapore (2.0 tons)
- Malaysia (2.0 tons)
- Thailand (2.0 tons)
- Taiwan (Chinese) (1.5 tons)
- United States (1.3 tons)
- Switzerland (1.1 tons)
- Philippines (0.7 tons)
- India (0.7 tons)
- Indonesia (0.6 tons)
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