Life-Jackets and Life-Belts Price in Mexico - 2023
Contents:
- Life-Jackets and Life-Belts Price in Mexico (FOB) - 2023
- Life-Jackets and Life-Belts Price in Mexico (CIF) - 2023
- Life-Jackets and Life-Belts Exports in Mexico
- Life-Jackets and Life-Belts Imports in Mexico
Life-Jackets and Life-Belts Price in Mexico (FOB) - 2023
The average life-jackets and life-belts export price stood at $26,959 per ton in June 2023, surging by 44% against the previous month. Over the period under review, export price indicated a tangible increase from June 2022 to June 2023: its price increased at an average monthly rate of +3.1% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on June 2023 figures, life-jackets and life-belts export price increased by +44.5% against May 2023 indices. The most prominent rate of growth was recorded in September 2022 an increase of 104% month-to-month. The export price peaked at $29,926 per ton in October 2022; however, from November 2022 to June 2023, 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 the United States.
From June 2022 to June 2023, the rate of growth in terms of prices for the United States amounted to +3.1% per month.
Life-Jackets and Life-Belts Price in Mexico (CIF) - 2023
The average life-jackets and life-belts import price stood at $37,209 per ton in June 2023, reducing by -18% against the previous month. Overall, the import price, however, posted a mild expansion. The pace of growth was the most pronounced in October 2022 an increase of 458% against the previous month. As a result, import price attained the peak level of $86,559 per ton. From November 2022 to June 2023, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($143K per ton), while the price for China ($16,234 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 the United States (+1.4%), while the prices for the other major suppliers experienced mixed trend patterns.
Life-Jackets and Life-Belts Exports in Mexico
In 2022, exports of life-jackets and life-beltses from Mexico soared to 109 tons, rising by 42% compared with the previous year. In general, exports enjoyed a prominent increase. The pace of growth was the most pronounced in 2021 with an increase of 62% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.
In value terms, life-jackets and life-belts exports surged to $2.3M in 2022. Overall, exports, however, recorded a abrupt contraction.
| Export of Life-Jackets and Life-Belts in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 2.7 | 1.8 | 1.7 | 2.3 | -5.2% |
| Dominican Republic | 0.3 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 3.0 | 1.8 | 1.7 | 2.3 | -8.5% |
Top Export Markets for Life-Jackets and Life-Belts from Mexico in 2022:
- United States (109.3 tons)
- Dominican Republic (0.1 tons)
Life-Jackets and Life-Belts Imports in Mexico
In 2022, imports of life-jackets and life-beltses into Mexico soared to 94 tons, increasing by 26% on the previous year. In general, imports recorded a resilient expansion. The most prominent rate of growth was recorded in 2021 with an increase of 81% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
In value terms, life-jackets and life-belts imports soared to $2M in 2022. Over the period under review, imports, however, continue to indicate a pronounced slump.
| Import of Life-Jackets and Life-Belts in Mexico (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,283 | 690 | 1,126 | 1,023 | -7.3% |
| United States | 424 | 195 | 289 | 615 | 13.2% |
| Cambodia | 33.2 | 15.8 | 53.6 | 260 | 98.6% |
| India | 61.9 | 49.8 | 14.5 | 69.3 | 3.8% |
| Vietnam | 115 | 44.5 | 24.6 | 6.8 | -61.0% |
| Romania | N/A | 241 | N/A | N/A | 0% |
| Others | 365 | 171 | 13.9 | 72.7 | -41.6% |
| Total | 2,282 | 1,406 | 1,522 | 2,046 | -3.6% |
Top Suppliers of Life-Jackets and Life-Belts to Mexico in 2022:
- China (59.4 tons)
- United States (18.3 tons)
- India (7.9 tons)
- Cambodia (6.3 tons)
- Vietnam (0.2 tons)
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