Life-Jackets and Life-Belts Price in Iraq - 2022

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

In 2022, the average life-jackets and life-belts import price amounted to $7,083 per ton, reducing by -9.8% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 41%. Over the period under review, average import prices reached the maximum at $10,946 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 the Czech Republic ($12,331 per ton), while the price for China ($5,529 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+6.0%), while the prices for the other major suppliers experienced a decline.

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

In 2021, the average life-jackets and life-belts export price amounted to $65,462 per ton, remaining stable against the previous year. Over the period under review, the export price continues to indicate prominent growth. The pace of growth appeared the most rapid in 2020 when the average export price decreased by 99.9%. Over the period under review, the average export prices reached the maximum at $108,900 per ton in 2016; however, from 2017 to 2021, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Sri Lanka.

From 2013 to 2021, the rate of growth in terms of prices for Sri Lanka amounted to 0.0% per year.

Life-Jackets and Life-Belts Imports in Iraq

In 2022, the amount of life-jackets and life-beltses imported into Iraq surged to 112 tons, increasing by 36% compared with the year before. Over the period under review, imports, however, continue to indicate a abrupt slump.

In value terms, life-jackets and life-belts imports surged to $791K in 2022. Overall, imports, however, continue to indicate a abrupt curtailment. The growth pace was the most rapid in 2021 when imports increased by 43%.

Import of Life-Jackets and Life-Belts in Iraq (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	567	276	458	464	-6.5%
United Arab Emirates	107	58.8	36.1	112	1.5%
Turkey	107	15.4	28.4	50.4	-22.2%
Others	198	99.4	120	165	-5.9%
Total	978	449	643	791	-6.8%

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

China (83.9 tons)
United Arab Emirates (19.4 tons)
Turkey (6.7 tons)

Life-Jackets and Life-Belts Exports in Iraq

In 2021, approx. 13 kg of life-jackets and life-beltses were exported from Iraq; approximately reflecting the year before. In general, exports showed a dramatic shrinkage. The smallest decline of 99.9% was in 2020.

In value terms, life-jackets and life-belts exports totaled $851 in 2021. Over the period under review, exports saw a precipitous shrinkage. The smallest decline of 99.9% was in 2020.