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

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

The average life-jackets and life-belts import price stood at $11,494 per ton in June 2023, waning by -15.8% against the previous month. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in February 2023 an increase of 102% against the previous month. The import price peaked at $16,927 per ton in April 2023; however, from May 2023 to June 2023, import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was France ($36,097 per ton), while the price for Tunisia ($3,983 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 France (+13.2%), while the prices for the other major suppliers experienced mixed trend patterns.

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

The average life-jackets and life-belts export price stood at $23,332 per ton in 2022, picking up by 14% against the previous year. Over the last decade, it increased at an average annual rate of +1.2%. The pace of growth was the most pronounced in 2013 when the average export price increased by 25%. Over the period under review, the average export prices reached the maximum at $31,161 per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Cuba ($38,318 per ton), while the average price for exports to Tunisia ($6,439 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 Cuba (+10.9%), while the prices for the other major destinations experienced more modest paces of growth.

Life-Jackets and Life-Belts Imports in Spain

In 2022, life-jackets and life-belts imports into Spain surged to 1.3K tons, picking up by 17% against 2021. The total import volume increased at an average annual rate of +7.6% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 26%. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in the immediate term.

In value terms, life-jackets and life-belts imports skyrocketed to $16M in 2022. The total import value increased at an average annual rate of +6.3% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Life-Jackets and Life-Belts in Spain (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	3.9	2.6	3.3	6.7	19.8%
Tunisia	2.3	3.0	2.6	2.2	-1.5%
France	1.1	1.0	1.1	1.1	0.0%
Poland	0.2	0.1	0.8	0.4	26.0%
India	0.7	0.4	0.2	0.2	-34.1%
Others	4.9	4.7	4.7	5.1	1.3%
Total	13.0	11.9	12.7	15.7	6.5%

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

Tunisia (671.4 tons)
China (502.2 tons)
France (38.7 tons)
Poland (20.5 tons)
India (12.0 tons)

Life-Jackets and Life-Belts Exports in Spain

Life-jackets and life-belts exports from Spain reached 352 tons in 2022, growing by 14% on 2021. Over the period under review, total exports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +17.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +73.9% against 2020 indices. The pace of growth was the most pronounced in 2021 when exports increased by 53% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to see steady growth in the near future.

In value terms, life-jackets and life-belts exports surged to $8.2M in 2022. In general, total exports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +18.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +89.2% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by 46% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

Export of Life-Jackets and Life-Belts in Spain (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Morocco	83.2	109	309	2,561	213.4%
Italy	684	493	976	1,073	16.2%
France	841	276	377	633	-9.0%
Sweden	482	388	388	406	-5.6%
Portugal	271	162	216	331	6.9%
Germany	150	174	675	273	22.1%
Poland	196	143	261	262	10.2%
United Kingdom	189	122	249	189	0.0%
Ecuador	4.7	127	3.2	161	224.8%
Cuba	703	432	555	145	-40.9%
Gibraltar	262	348	270	135	-19.8%
Tunisia	65.8	79.6	33.4	49.5	-9.1%
Others	1,030	1,482	2,014	1,986	24.5%
Total	4,962	4,336	6,327	8,204	18.2%