Cranes; Tower Cranes Price in Sri Lanka - 2021

Contents:

1. Cranes; Tower Cranes Price in Sri Lanka (CIF) - 2022
2. Cranes; Tower Cranes Price in Sri Lanka (FOB) - 2022
3. Cranes; Tower Cranes Imports in Sri Lanka
4. Cranes; Tower Cranes Exports in Sri Lanka

Cranes; Tower Cranes Price in Sri Lanka (CIF) - 2022

In 2022, the average cranes; tower cranes import price amounted to $66,919 per unit, which is down by -45.8% against the previous year. In general, the import price, however, saw a moderate expansion. The pace of growth was the most pronounced in 2021 when the average import price increased by 80% against the previous year. The import price peaked at $128,162 per unit in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

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 China ($79,293 per unit), while the price for South Korea ($2,040 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+125.3%), while the prices for the other major suppliers experienced a decline.

Cranes; Tower Cranes Price in Sri Lanka (FOB) - 2022

The average cranes; tower cranes export price stood at $28,420 per unit in 2022, surging by 7.4% against the previous year. Overall, the export price, however, recorded a deep contraction. The pace of growth appeared the most rapid in 2019 an increase of 78%. Over the period under review, the average export prices hit record highs at $116,839 per unit in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the rate of growth in terms of prices for Maldives amounted to -3.9% per year.

Cranes; Tower Cranes Imports in Sri Lanka

Cranes; tower cranes imports into Sri Lanka contracted slightly to 25 units in 2022, which is down by -3.8% on 2021 figures. In general, imports, however, posted a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 1,200% against the previous year. As a result, imports reached the peak of 26 units, and then shrank slightly in the following year.

In value terms, cranes; tower cranes imports contracted notably to $1.7M in 2022. Overall, imports, however, enjoyed slight growth. The growth pace was the most rapid in 2021 with an increase of 2,334% against the previous year. As a result, imports reached the peak of $3.3M, and then declined markedly in the following year.

Top Suppliers of Cranes; Tower Cranes to Sri Lanka in 2022:

1. China (20.0 units)
2. India (3.0 units)
3. South Korea (1.0 units)
4. Singapore (1.0 units)

Cranes; Tower Cranes Exports in Sri Lanka

After three years of growth, overseas shipments of cranes; tower craneses decreased by -7.1% to 13 units in 2022. Over the period under review, exports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 700%. Over the period under review, the exports reached the maximum at 14 units in 2021, and then declined in the following year.

In value terms, cranes; tower cranes exports shrank slightly to $369K in 2022. Overall, exports, however, continue to indicate significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 701% against the previous year. Over the period under review, the exports attained the peak figure at $370K in 2021, and then reduced in the following year.

Top Export Markets for Cranes; Tower Cranes from Sri Lanka in 2022:

1. Maldives (13.0 units)

Source: IndexBox Market Intelligence Platform