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

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

The average life-jackets and life-belts import price stood at $20,222 per ton in 2022, which is down by -44% against the previous year. Over the period under review, the import price recorded a deep downturn. The most prominent rate of growth was recorded in 2020 an increase of 12%. The import price peaked at $36,127 per ton in 2021, and then declined remarkably in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Vietnam ($32,258 per ton), while the price for Myanmar ($6,133 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Myanmar (+0.4%), while the prices for the other major suppliers experienced a decline.

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

The average life-jackets and life-belts export price stood at $40,499 per ton in 2022, waning by -8.3% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 16%. As a result, the export price reached the peak level of $44,180 per ton, and then declined in the following year.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +0.3% per year.

Life-Jackets and Life-Belts Imports in Canada

In 2022, approx. 2.3K tons of life-jackets and life-beltses were imported into Canada; rising by 151% compared with 2021. Over the period under review, imports saw a significant increase. 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 surged to $46M in 2022. Overall, imports saw a significant expansion. The growth pace was the most rapid in 2021 when imports increased by 65% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Import of Life-Jackets and Life-Belts in Canada (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Cambodia	8.8	7.4	16.1	23.0	37.7%
China	11.3	7.6	10.8	10.4	-2.7%
Myanmar	1.6	2.0	1.7	6.4	58.7%
United States	2.4	2.2	2.7	2.6	2.7%
Vietnam	N/A	N/A	0.8	2.4	200.0%
Others	0.6	0.7	0.6	1.1	22.4%
Total	24.8	19.9	32.8	46.0	22.9%

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

Myanmar (1048.3 tons)
Cambodia (714.4 tons)
China (323.7 tons)
United States (79.2 tons)
Vietnam (75.4 tons)

Life-Jackets and Life-Belts Exports in Canada

In 2022, approx. 257 tons of life-jackets and life-beltses were exported from Canada; jumping by 16% compared with the year before. Over the period under review, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 173% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the near future.

In value terms, life-jackets and life-belts exports totaled $10M in 2022. Overall, exports posted a significant increase. The pace of growth was the most pronounced in 2021 when exports increased by 216% against the previous year. The exports peaked in 2022 and are likely to see steady growth in years to come.