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

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

The average life-jackets and life-belts import price stood at $19,462 per ton in 2022, growing by 30% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +5.2%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($33,471 per ton), while the price for Argentina ($2,495 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+10.9%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average life-jackets and life-belts export price amounted to $27,600 per ton, reducing by -11.4% against the previous year. Over the period under review, the export price showed a pronounced reduction. The growth pace was the most rapid in 2019 when the average export price increased by 212%. Over the period under review, the average export prices attained the peak figure at $35,667 per ton in 2012; however, from 2013 to 2022, 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 Brazil.

From 2012 to 2022, the rate of growth in terms of prices for Brazil amounted to +1.5% per year.

Life-Jackets and Life-Belts Imports in Paraguay

In 2022, approx. 21 tons of life-jackets and life-beltses were imported into Paraguay; with an increase of 50% compared with 2021 figures. Over the period under review, total imports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +18.3% 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 +65.7% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, life-jackets and life-belts imports skyrocketed to $405K in 2022. Overall, imports showed a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Life-Jackets and Life-Belts in Paraguay (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	48.9	105	30.4	177	53.5%
China	89.2	86.6	101	164	22.5%
Brazil	21.2	34.5	48.1	47.3	30.7%
Mexico	9.6	8.6	6.6	11.1	5.0%
Argentina	2.6	3.2	2.5	1.8	-11.5%
Others	22.8	19.4	19.2	3.9	-44.5%
Total	194	257	208	405	27.8%

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

China (12.2 tons)
United States (5.3 tons)
Brazil (2.1 tons)
Argentina (0.7 tons)
Mexico (0.3 tons)

Life-Jackets and Life-Belts Exports in Paraguay

In 2022, approx. 55 kg of life-jackets and life-beltses were exported from Paraguay; picking up by 120% compared with 2021 figures. Over the period under review, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 733% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, life-jackets and life-belts exports surged to $1.5K in 2022. Overall, exports recorded a significant expansion. The growth pace was the most rapid in 2021 with an increase of 1,800%. The exports peaked in 2022 and are expected to retain growth in years to come.