Life-Jackets and Life-Belts Price in Venezuela - 2022

Contents:

  1. Life-Jackets and Life-Belts Price in Venezuela (CIF) - 2022
  2. Life-Jackets and Life-Belts Price in Venezuela (FOB) - 2022
  3. Life-Jackets and Life-Belts Imports in Venezuela
  4. Life-Jackets and Life-Belts Exports in Venezuela

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

In 2022, the average life-jackets and life-belts import price amounted to $10,222 per ton, which is down by -7.7% against the previous year. Over the period under review, the import price showed a pronounced decline. The pace of growth appeared the most rapid in 2018 an increase of 18%. The import price peaked at $17,470 per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Brazil ($43,000 per ton), while the price for Portugal ($4,101 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+8.5%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average life-jackets and life-belts export price stood at $29,568 per ton in 2022, reducing by -2.6% against the previous year. Over the period under review, the export price, however, continues to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2013 an increase of 92%. Over the period under review, the average export prices attained the maximum at $52,111 per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Chile ($51,357 per ton), while the average price for exports to Costa Rica ($6,000 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 the Dominican Republic (+41.6%), while the prices for the other major destinations experienced more modest paces of growth.

Life-Jackets and Life-Belts Imports in Venezuela

In 2022, approx. 19 tons of life-jackets and life-beltses were imported into Venezuela; jumping by 51% compared with the previous year. Over the period under review, imports posted a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 125%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, life-jackets and life-belts imports surged to $198K in 2022. Overall, imports showed a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 118%. Imports peaked in 2022 and are likely to continue growth in the near future.

Import of Life-Jackets and Life-Belts in Venezuela (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China20.017.750.869.751.6%
Netherlands14.516.627.636.235.7%
VietnamN/AN/A11.724.8112.0%
United States5.11.16.59.422.6%
Canada2.31.92.42.41.4%
Others27.627.943.355.326.1%
Total69.565.314219841.8%

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

  1. China (15.1 tons)
  2. Netherlands (1.6 tons)
  3. Vietnam (1.4 tons)
  4. Canada (0.2 tons)
  5. United States (0.2 tons)

Life-Jackets and Life-Belts Exports in Venezuela

In 2022, the amount of life-jackets and life-beltses exported from Venezuela soared to 37 kg, with an increase of 164% on the previous year's figure. Overall, exports, however, saw a abrupt decrease.

In value terms, life-jackets and life-belts exports soared to $1.1K in 2022. In general, exports, however, showed a precipitous shrinkage.

Export of Life-Jackets and Life-Belts in Venezuela (USD)
COUNTRY2019202020212022CAGR,
2019-2022
Chile1,245267243719-16.7%
United States1,010181138342-30.3%
Panama76.014.011.027.0-29.2%
Costa Rica14.04.03.06.0-24.6%
LatviaN/A44.0N/AN/A0%
OthersN/AN/A30.0N/A0%
Total2,3455104251,094-22.4%

Top Export Markets for Life-Jackets and Life-Belts from Venezuela in 2022:

  1. United States (21.0 kg)
  2. Chile (14.0 kg)
  3. Panama (1.0 kg)
  4. Costa Rica (1.0 kg)

Source: IndexBox Market Intelligence Platform

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