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

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

In August 2023, the average life-jackets and life-belts import price amounted to $57,456 per ton, surging by 23% against the previous month. Over the period under review, the import price, however, recorded a pronounced slump. The pace of growth appeared the most rapid in April 2023 when the average import price increased by 137% m-o-m. The import price peaked at $105K per ton in August 2022; however, from September 2022 to August 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was France ($139K per ton), while the price for Hungary ($34,089 per ton) was amongst the lowest.

From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by France (+4.0%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average life-jackets and life-belts export price amounted to $105,325 per ton, reducing by -22% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 49% against the previous year. The export price peaked at $187,613 per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($550,000 per ton), while the average price for exports to France ($53,872 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 Finland (+12.5%), while the prices for the other major destinations experienced more modest paces of growth.

Life-Jackets and Life-Belts Imports in Switzerland

In 2022, supplies from abroad of life-jackets and life-beltses decreased by -9.8% to 149 tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports, however, saw a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 77%. As a result, imports reached the peak of 165 tons, and then dropped in the following year.

In value terms, life-jackets and life-belts imports shrank to $5.8M in 2022. Over the period under review, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +19.6% 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 +71.2% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 49% against the previous year. As a result, imports attained the peak of $6.3M, and then fell in the following year.

Import of Life-Jackets and Life-Belts in Switzerland (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	685	1,067	1,816	1,432	27.9%
Germany	587	900	829	1,280	29.7%
Poland	36.4	38.3	842	438	129.2%
Estonia	99.4	220	253	431	63.1%
Cambodia	37.3	52.1	119	427	125.4%
Hungary	180	314	352	254	12.2%
Romania	132	179	159	208	16.4%
Italy	159	197	266	179	4.0%
United Kingdom	237	274	122	176	-9.4%
Netherlands	164	137	193	94.9	-16.7%
Others	1,096	854	1,373	923	-5.6%
Total	3,413	4,231	6,324	5,843	19.6%

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

China (44.7 tons)
Germany (40.1 tons)
Estonia (12.4 tons)
Poland (9.0 tons)
Cambodia (8.9 tons)
Hungary (7.9 tons)
Romania (5.2 tons)
Italy (4.1 tons)
United Kingdom (3.0 tons)
Netherlands (2.5 tons)

Life-Jackets and Life-Belts Exports in Switzerland

In 2022, after three years of growth, there was significant decline in overseas shipments of life-jackets and life-beltses, when their volume decreased by -34.8% to 1.9 tons. Overall, exports, however, posted a prominent expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 115% against the previous year. As a result, the exports reached the peak of 2.9 tons, and then shrank remarkably in the following year.

In value terms, life-jackets and life-belts exports declined remarkably to $198K in 2022. Over the period under review, exports, however, saw a resilient expansion. The pace of growth appeared the most rapid in 2021 with an increase of 86%. As a result, the exports attained the peak of $389K, and then dropped sharply in the following year.

Export of Life-Jackets and Life-Belts in Switzerland (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
France	13.3	12.5	132	36.7	40.3%
United Kingdom	21.7	44.4	27.2	27.6	8.3%
Australia	1.6	1.2	12.2	26.4	154.6%
United States	54.6	14.3	19.6	24.8	-23.1%
Japan	2.6	2.2	4.8	16.5	85.1%
Saudi Arabia	7.1	N/A	N/A	13.7	24.5%
Germany	12.6	107	16.7	10.4	-6.2%
Romania	2.6	N/A	N/A	9.0	51.3%
New Zealand	N/A	9.1	7.0	N/A	-23.1%
Others	41.3	18.6	169	32.5	-7.7%
Total	157	209	389	198	8.0%