Life-Jackets and Life-Belts Price in Vietnam - 2021
Contents:
- Life-Jackets and Life-Belts Price in Vietnam (FOB) - 2022
- Life-Jackets and Life-Belts Price in Vietnam (CIF) - 2022
- Life-Jackets and Life-Belts Exports in Vietnam
- Life-Jackets and Life-Belts Imports in Vietnam
Life-Jackets and Life-Belts Price in Vietnam (FOB) - 2022
The average life-jackets and life-belts export price stood at $27,267 per ton in 2022, reducing by -8.5% against the previous year. In general, the export price, however, recorded mild growth. The pace of growth was the most pronounced in 2014 an increase of 19% against the previous year. As a result, the export price reached the peak level of $33,975 per ton. From 2015 to 2022, the average export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($28,248 per ton), while the average price for exports to South Korea ($18,594 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 Japan (+3.2%), while the prices for the other major destinations experienced a decline.
Life-Jackets and Life-Belts Price in Vietnam (CIF) - 2022
In 2022, the average life-jackets and life-belts import price amounted to $12,629 per ton, with a decrease of -11.8% against the previous year. Over the period under review, the import price continues to indicate a perceptible downturn. The most prominent rate of growth was recorded in 2021 when the average import price increased by 19% against the previous year. Over the period under review, average import prices attained the maximum at $17,432 per ton in 2016; however, from 2017 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($42,275 per ton), while the price for South Korea ($6,354 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) (+6.4%), while the prices for the other major suppliers experienced a decline.
Life-Jackets and Life-Belts Exports in Vietnam
After three years of growth, overseas shipments of life-jackets and life-beltses decreased by -29.9% to 876 tons in 2022. Overall, exports, however, recorded significant growth. The pace of growth was the most pronounced in 2021 when exports increased by 202% against the previous year. As a result, the exports reached the peak of 1.2K tons, and then shrank rapidly in the following year.
In value terms, life-jackets and life-belts exports shrank dramatically to $24M in 2022. Over the period under review, exports, however, continue to indicate significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 254%. As a result, the exports attained the peak of $37M, and then shrank rapidly in the following year.
| Export of Life-Jackets and Life-Belts in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 2.3 | 4.0 | 28.5 | 17.4 | 96.3% |
| Canada | N/A | N/A | 0.5 | 1.1 | 120.0% |
| United Kingdom | 0.9 | 0.8 | 0.8 | 0.9 | 0.0% |
| Australia | N/A | 1.1 | 0.9 | 0.5 | -32.6% |
| China | 0.3 | 0.3 | 0.4 | 0.5 | 18.6% |
| South Korea | 1.1 | 1.6 | 1.6 | 0.4 | -28.6% |
| New Zealand | 0.1 | N/A | 0.2 | 0.3 | 44.2% |
| Japan | 2.7 | 1.5 | 1.5 | 0.2 | -58.0% |
| Thailand | 0.1 | 0.1 | 0.1 | N/A | 0.0% |
| Others | 1.7 | 1.3 | 2.8 | 2.4 | 12.2% |
| Total | 9.2 | 10.5 | 37.2 | 23.9 | 37.5% |
Top Export Markets for Life-Jackets and Life-Belts from Vietnam in 2022:
- United States (617.3 tons)
- Canada (51.3 tons)
- United Kingdom (41.8 tons)
- Australia (24.5 tons)
- South Korea (23.0 tons)
- China (21.5 tons)
- New Zealand (12.8 tons)
- Japan (10.1 tons)
Life-Jackets and Life-Belts Imports in Vietnam
In 2022, supplies from abroad of life-jackets and life-beltses increased by 97% to 92 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, saw a abrupt setback.
In value terms, life-jackets and life-belts imports soared to $1.2M in 2022. Overall, imports, however, saw a precipitous descent.
| Import of Life-Jackets and Life-Belts in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,242 | 988 | 469 | 743 | -15.7% |
| United Kingdom | 40.8 | 23.3 | 2.9 | 106 | 37.5% |
| Australia | 2.3 | 0.2 | N/A | 56.1 | 190.0% |
| South Korea | 313 | 169 | 31.2 | 1.6 | -82.8% |
| Taiwan (Chinese) | 89.4 | 47.0 | 19.2 | N/A | -53.7% |
| Others | 741 | 434 | 150 | 260 | -29.5% |
| Total | 2,429 | 1,661 | 672 | 1,167 | -21.7% |
Top Suppliers of Life-Jackets and Life-Belts to Vietnam in 2022:
- China (81.0 tons)
- United Kingdom (2.5 tons)
- Australia (1.9 tons)
- South Korea (0.2 tons)
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