Price for Chain and Parts Thereof, of Iron or Steel in Sri Lanka - 2022
Contents:
- Price for Chain and Parts Thereof, of Iron or Steel in Sri Lanka (CIF) - 2022
- Price for Chain and Parts Thereof, of Iron or Steel in Sri Lanka (FOB) - 2022
- Imports of Chain and Parts Thereof, of Iron or Steel in Sri Lanka
- Exports of Chain and Parts Thereof, of Iron or Steel in Sri Lanka
Price for Chain and Parts Thereof, of Iron or Steel in Sri Lanka (CIF) - 2022
In 2022, the average import price for chain and parts thereof, of iron or steel amounted to $3,606 per ton, with an increase of 12% against the previous year. Overall, the import price posted a pronounced expansion. The growth pace was the most rapid in 2016 an increase of 115%. As a result, import price reached the peak level of $5,648 per ton. From 2017 to 2022, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Vietnam ($6,326 per ton), while the price for China ($2,730 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+5.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Chain and Parts Thereof, of Iron or Steel in Sri Lanka (FOB) - 2022
The average export price for chain and parts thereof, of iron or steel stood at $8,685 per ton in 2022, waning by -12.3% against the previous year. Over the period under review, the export price, however, continues to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2018 when the average export price increased by 148% against the previous year. The export price peaked at $9,906 per ton in 2021, and then shrank in the following year.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Nepal ($16,153 per ton), while the average price for exports to Uganda ($697 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 Indonesia (+12.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Chain and Parts Thereof, of Iron or Steel in Sri Lanka
In 2022, overseas purchases of chain and parts thereof, of iron or steel decreased by -39.2% to 1.6K tons, falling for the second consecutive year after two years of growth. Over the period under review, imports saw a noticeable shrinkage. The most prominent rate of growth was recorded in 2020 when imports increased by 48%. As a result, imports attained the peak of 2.7K tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of chain and parts thereof, of iron or steel shrank notably to $5.8M in 2022. Overall, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +7.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 40%.
| Import of Chain and Parts Thereof, of Iron or Steel in Sri Lanka (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 3.4 | 3.5 | 4.4 | 3.3 | -1.0% |
| India | 0.5 | 1.0 | 2.1 | 0.7 | 11.9% |
| Hong Kong SAR | N/A | N/A | 0.1 | 0.3 | 200.0% |
| Vietnam | N/A | 0.1 | N/A | 0.2 | 41.4% |
| Japan | 0.1 | 0.3 | 0.4 | 0.1 | 0.0% |
| Others | 0.6 | 1.6 | 1.8 | 1.2 | 26.0% |
| Total | 4.7 | 6.5 | 8.8 | 5.8 | 7.3% |
Top Suppliers of Chain and Parts Thereof, of Iron or Steel to Sri Lanka in 2022:
- China (1199.0 tons)
- India (173.6 tons)
- Hong Kong SAR (65.5 tons)
- Japan (46.6 tons)
- Vietnam (27.4 tons)
Exports of Chain and Parts Thereof, of Iron or Steel in Sri Lanka
In 2022, overseas shipments of chain and parts thereof, of iron or steel were finally on the rise to reach 21 tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, showed a dramatic slump.
In value terms, exports of chain and parts thereof, of iron or steel soared to $97K in 2022. In general, exports, however, continue to indicate a dramatic contraction.
| Export of Chain and Parts Thereof, of Iron or Steel in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Nepal | N/A | 34.9 | N/A | 19.3 | -25.6% |
| Malaysia | 4.9 | 5.0 | 3.8 | 12.1 | 35.2% |
| Canada | 0.9 | 0.2 | 0.1 | 9.5 | 119.4% |
| Turkey | 539 | 117 | 19.4 | 8.7 | -74.7% |
| India | 2.8 | 0.7 | 2.7 | 8.0 | 41.9% |
| Colombia | 16.7 | 1.2 | 4.8 | 6.6 | -26.6% |
| Maldives | 10.4 | 2.1 | 3.3 | 6.4 | -14.9% |
| Indonesia | 11.2 | 4.2 | 0.5 | 2.9 | -36.3% |
| Uganda | 1.3 | 1.3 | 1.0 | 2.9 | 30.7% |
| Bangladesh | 1.0 | 1.5 | 1.7 | 2.5 | 35.7% |
| Oman | 9.6 | 5.2 | 2.1 | 1.9 | -41.7% |
| Tanzania | 1.5 | 1.4 | 1.0 | 1.8 | 6.3% |
| Netherlands | 0.2 | 0.2 | 0.2 | 0.6 | 44.2% |
| Others | 35.5 | 22.4 | 11.0 | 13.6 | -27.4% |
| Total | 635 | 197 | 51.6 | 96.7 | -46.6% |
Top Export Markets for Chain and Parts Thereof, of Iron or Steel from Sri Lanka in 2022:
- Uganda (4.1 tons)
- Canada (3.7 tons)
- Malaysia (2.8 tons)
- India (2.5 tons)
- Turkey (1.3 tons)
- Maldives (1.3 tons)
- Nepal (1.2 tons)
- Tanzania (0.7 tons)
- Colombia (0.6 tons)
- Indonesia (0.5 tons)
- Netherlands (0.4 tons)
- Bangladesh (0.3 tons)
- Oman (0.3 tons)
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