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

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

The average life-jackets and life-belts import price stood at $20,766 per ton in June 2023, with a decrease of -11.5% against the previous month. Over the period under review, import price indicated modest growth from June 2022 to June 2023: its price increased at an average monthly rate of +1.2% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on June 2023 figures, life-jackets and life-belts import price decreased by -25.8% against February 2023 indices. The growth pace was the most rapid in July 2022 an increase of 86% against the previous month. As a result, import price attained the peak level of $33,384 per ton. From August 2022 to June 2023, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was Romania ($48,274 per ton), while the price for India ($10,755 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 Poland (+12.8%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average life-jackets and life-belts export price stood at $49,032 per ton in 2022, picking up by 15% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +4.5%. The growth pace was the most rapid in 2013 an increase of 28% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($75,452 per ton), while the average price for exports to Albania ($14,792 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 Romania (+10.1%), while the prices for the other major destinations experienced more modest paces of growth.

Life-Jackets and Life-Belts Imports in Italy

In 2022, life-jackets and life-belts imports into Italy skyrocketed to 578 tons, increasing by 61% against 2021 figures. Over the period under review, imports recorded a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, life-jackets and life-belts imports soared to $13M in 2022. In general, imports showed a buoyant expansion. The pace of growth was the most pronounced in 2021 with an increase of 50%. Over the period under review, imports reached the maximum in 2022 and are likely to see gradual growth in the immediate term.

Import of Life-Jackets and Life-Belts in Italy (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	1,371	1,271	1,664	3,476	36.4%
Spain	901	464	1,074	1,824	26.5%
France	743	589	818	1,038	11.8%
Romania	578	774	968	955	18.2%
Poland	431	546	498	736	19.5%
Albania	36.5	38.9	441	672	164.1%
India	396	268	462	650	18.0%
Netherlands	236	99.4	408	440	23.1%
Others	3,042	2,413	3,338	3,337	3.1%
Total	7,736	6,464	9,672	13,129	19.3%

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

China (150.7 tons)
Spain (91.8 tons)
Poland (69.3 tons)
India (46.3 tons)
France (44.6 tons)
Albania (43.6 tons)
Netherlands (29.1 tons)
Romania (21.2 tons)

Life-Jackets and Life-Belts Exports in Italy

In 2022, life-jackets and life-belts exports from Italy fell to 118 tons, waning by -13.9% compared with 2021 figures. Overall, exports faced a abrupt decline. The most prominent rate of growth was recorded in 2021 with an increase of 10%.

In value terms, life-jackets and life-belts exports fell to $5.8M in 2022. In general, exports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 21%. As a result, the exports reached the peak of $5.9M, and then reduced slightly in the following year.

Export of Life-Jackets and Life-Belts in Italy (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	1,038	821	1,708	1,477	12.5%
France	1,188	1,218	671	541	-23.1%
Netherlands	218	135	238	301	11.4%
Romania	742	631	169	260	-29.5%
Turkey	13.8	21.8	22.9	194	141.3%
United States	54.6	37.1	193	192	52.1%
Spain	175	114	176	169	-1.2%
Belgium	11.5	24.6	31.6	148	134.3%
Singapore	302	99.7	106	139	-22.8%
Slovenia	108	99.8	150	130	6.4%
Switzerland	100	74.3	166	114	4.5%
Croatia	83.5	52.3	105	91.7	3.2%
Albania	N/A	2.1	65.0	76.4	503.2%
Others	1,636	1,535	2,088	1,976	6.5%
Total	5,670	4,866	5,889	5,809	0.8%