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

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

In 2022, the average life-jackets and life-belts import price amounted to $42,204 per ton, flattening at the previous year. In general, import price indicated a resilient increase from 2012 to 2022: its price increased at an average annual rate of +6.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, life-jackets and life-belts import price increased by +14.7% against 2018 indices. The most prominent rate of growth was recorded in 2014 when the average import price increased by 46% against the previous year. The import price peaked in 2022 and is likely to continue growth in the near future.

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 the United States ($191,500 per ton), while the price for Bosnia and Herzegovina ($2,000 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+3.0%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average life-jackets and life-belts export price stood at $27,749 per ton in 2022, reducing by -38.1% against the previous year. In general, the export price saw a mild reduction. The pace of growth was the most pronounced in 2013 an increase of 114%. Over the period under review, the average export prices reached the maximum at $95,200 per ton in 2020; however, from 2021 to 2022, the 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 Serbia ($49,576 per ton), while the average price for exports to Montenegro ($1,557 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 Serbia (+18.8%), while the prices for the other major destinations experienced mixed trend patterns.

Life-Jackets and Life-Belts Imports in Bulgaria

Life-jackets and life-belts imports into Bulgaria skyrocketed to 20 tons in 2022, growing by 99% on the previous year. Over the period under review, imports saw 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 soared to $842K in 2022. Overall, imports showed significant growth. 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 Bulgaria (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	24.2	42.7	5.9	75.8	46.3%
Spain	91.1	55.5	68.1	68.8	-8.9%
United States	107	40.0	30.8	65.9	-14.9%
China	33.6	35.5	32.3	58.0	20.0%
Belgium	20.5	20.7	7.5	23.3	4.4%
Greece	N/A	1.7	2.4	17.4	219.9%
Romania	16.7	5.6	8.5	11.3	-12.2%
Poland	1.6	2.5	2.7	10.5	87.2%
Austria	1.4	0.3	3.7	9.8	91.3%
Denmark	N/A	N/A	N/A	6.9	0%
Bosnia and Herzegovina	N/A	225	N/A	N/A	0%
Others	63.2	58.5	259	494	98.5%
Total	360	488	421	842	32.7%

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

Bosnia and Herzegovina (undefined tons)
China (5.4 tons)
Spain (4.3 tons)
Greece (2.7 tons)
Germany (2.1 tons)
Denmark (0.6 tons)
Austria (0.5 tons)
Belgium (0.5 tons)
Poland (0.4 tons)
Romania (0.3 tons)
United States (0.3 tons)

Life-Jackets and Life-Belts Exports in Bulgaria

For the fourth year in a row, Bulgaria recorded growth in shipments abroad of life-jackets and life-beltses, which increased by 91% to 1.8 tons in 2022. Overall, exports posted a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, life-jackets and life-belts exports surged to $49K in 2022. Over the period under review, exports posted significant growth. The pace of growth appeared the most rapid in 2020 when exports increased by 196%. As a result, the exports attained the peak of $70K. From 2021 to 2022, the growth of the exports failed to regain momentum.

Export of Life-Jackets and Life-Belts in Bulgaria (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Romania	2.2	1.2	0.8	9.3	61.7%
North Macedonia	0.8	2.6	3.4	5.5	90.1%
Greece	2.2	2.0	16.3	4.7	28.8%
Georgia	0.9	1.6	3.8	3.3	54.2%
Serbia	3.0	1.4	1.2	2.9	-1.1%
Italy	N/A	N/A	N/A	1.4	0%
Bosnia and Herzegovina	N/A	N/A	1.2	1.1	-8.3%
Denmark	N/A	N/A	N/A	1.1	0%
Cyprus	N/A	1.1	N/A	0.3	-47.8%
Montenegro	N/A	N/A	N/A	0.1	0%
Japan	N/A	4.2	N/A	N/A	0%
Malaysia	10.1	N/A	N/A	N/A	0%
Oman	N/A	N/A	5.3	N/A	0%
Others	4.4	55.7	9.5	19.3	63.7%
Total	23.6	69.9	41.4	49.1	27.7%