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

Life-Jackets and Life-Belts Price in Romania (FOB) - 2023

The average life-jackets and life-belts export price stood at $44,527 per ton in June 2023, dropping by -8% against the previous month. Over the period under review, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in September 2022 when the average export price increased by 45% against the previous month. The export price peaked at $48,409 per ton in May 2023, and then contracted in the following month.

Prices varied noticeably by the country of destination: the country with the highest price was Belgium ($62,899 per ton), while the average price for exports to Italy ($29,990 per ton) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+5.0%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, the average life-jackets and life-belts import price amounted to $17,479 per ton, waning by -44.4% against the previous year. Over the period under review, the import price showed a noticeable downturn. The most prominent rate of growth was recorded in 2020 an increase of 65% against the previous year. The import price peaked at $43,586 per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($43,522 per ton), while the price for China ($12,198 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+6.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Life-Jackets and Life-Belts Exports in Romania

In 2022, life-jackets and life-belts exports from Romania skyrocketed to 356 tons, growing by 36% against the previous year's figure. Overall, total exports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +11.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +86.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 37%. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.

In value terms, life-jackets and life-belts exports rose markedly to $13M in 2022. Over the period under review, total exports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +12.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +57.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 41%. The exports peaked in 2022 and are likely to continue growth in the immediate term.

Export of Life-Jackets and Life-Belts in Romania (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
France	3.4	3.2	4.6	4.7	11.4%
Belgium	1.9	1.8	2.7	2.9	15.1%
Italy	2.0	1.7	1.9	1.7	-5.3%
Ukraine	N/A	N/A	N/A	1.2	0%
Finland	N/A	0.2	0.2	0.5	58.1%
United Kingdom	0.3	N/A	0.7	0.4	10.1%
Netherlands	0.2	0.2	0.3	0.3	14.5%
Austria	0.2	0.3	0.3	0.3	14.5%
Germany	0.3	0.2	0.3	0.3	0.0%
Sweden	0.3	0.2	0.2	0.2	-12.6%
Others	0.5	0.3	0.5	0.5	0.0%
Total	9.2	8.3	11.7	13.0	12.2%

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

France (146.7 tons)
Italy (74.7 tons)
Belgium (60.0 tons)
Ukraine (18.0 tons)
Finland (9.7 tons)
Netherlands (9.0 tons)
United Kingdom (8.6 tons)
Germany (6.9 tons)
Austria (6.5 tons)
Sweden (2.6 tons)

Life-Jackets and Life-Belts Imports in Romania

Life-jackets and life-belts imports into Romania skyrocketed to 248 tons in 2022, picking up by 177% compared with the previous year's figure. Overall, imports enjoyed a significant expansion. 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 $4.3M in 2022. In general, imports continue to indicate 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 Romania (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	25.2	19.1	60.9	1,479	288.6%
Italy	1,017	693	1,236	1,300	8.5%
Belgium	10.7	126	271	426	241.5%
Germany	60.9	88.1	164	320	73.9%
Poland	127	121	221	238	23.3%
France	91.3	46.1	282	113	7.4%
Greece	137	199	181	100	-10.0%
Others	273	840	407	362	9.9%
Total	1,742	2,133	2,823	4,338	35.5%