Price for Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Sri Lanka - 2022
Contents:
- Price for Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Sri Lanka (CIF) - 2022
- Price for Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Sri Lanka (FOB) - 2022
- Imports of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Sri Lanka
- Exports of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Sri Lanka
Price for Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Sri Lanka (CIF) - 2022
The average import price for compression-ignition internal combustion piston engines (diesel or semi-diesel engines) stood at $1,310 per unit in 2022, increasing by 4.9% against the previous year. Overall, the import price, however, recorded a perceptible setback. The most prominent rate of growth was recorded in 2018 an increase of 118%. The import price peaked at $2,320 per unit in 2019; however, from 2020 to 2022, import prices remained at a 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 South Korea ($6,515 per unit), while the price for China ($497 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Norway (+11.3%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Sri Lanka (FOB) - 2022
The average export price for compression-ignition internal combustion piston engines (diesel or semi-diesel engines) stood at $3,837 per unit in 2022, shrinking by -36.5% against the previous year. In general, the export price, however, showed prominent growth. The growth pace was the most rapid in 2020 an increase of 98%. As a result, the export price attained the peak level of $7,053 per unit. From 2021 to 2022, the average export prices remained at a lower figure.
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 Seychelles ($13,934 per unit), while the average price for exports to Germany ($146 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (+16.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Sri Lanka
After three years of growth, purchases abroad of compression-ignition internal combustion piston engines (diesel or semi-diesel engines) decreased by -21.1% to 6.1K units in 2022. In general, imports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 134%. As a result, imports reached the peak of 7.7K units, and then reduced sharply in the following year.
In value terms, imports of compression-ignition internal combustion piston engines (diesel or semi-diesel engines) shrank markedly to $7.9M in 2022. Over the period under review, total imports indicated notable growth from 2019 to 2022: its value increased at an average annual rate of +3.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +75.1% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 111%. As a result, imports reached the peak of $9.6M, and then fell significantly in the following year.
| Import of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Sri Lanka (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Norway | N/A | N/A | N/A | 2.7 | 0% |
| Japan | 3.1 | 0.9 | 2.1 | 1.7 | -18.1% |
| China | 0.6 | 0.5 | 2.3 | 1.5 | 35.7% |
| South Korea | 1.7 | 1.8 | 1.9 | 0.5 | -33.5% |
| India | 0.2 | 0.1 | 0.4 | 0.2 | 0.0% |
| Singapore | 0.1 | N/A | 0.2 | N/A | 41.4% |
| Others | 1.5 | 1.1 | 2.7 | 1.2 | -7.2% |
| Total | 7.2 | 4.5 | 9.6 | 7.9 | 3.1% |
Top Suppliers of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) to Sri Lanka in 2022:
- China (3082.0 units)
- Norway (1947.0 units)
- Japan (595.0 units)
- India (129.0 units)
- South Korea (79.0 units)
- Singapore (38.0 units)
Exports of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Sri Lanka
In 2022, exports of compression-ignition internal combustion piston engines (diesel or semi-diesel engines) from Sri Lanka declined significantly to 40 units, reducing by -21.6% against the previous year's figure. Over the period under review, exports showed a significant decrease. The most prominent rate of growth was recorded in 2021 with an increase of 27% against the previous year. The exports peaked at 126 units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, exports of compression-ignition internal combustion piston engines (diesel or semi-diesel engines) dropped sharply to $153K in 2022. Overall, exports recorded a dramatic decrease. The growth pace was the most rapid in 2021 when exports increased by 9.2% against the previous year. Over the period under review, the exports of attained the peak figure at $450K in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
| Export of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Maldives | 244 | N/A | 202 | 123 | -20.4% |
| Seychelles | 11.2 | N/A | 24.3 | 27.9 | 35.6% |
| Singapore | N/A | N/A | 24.1 | 1.7 | -92.9% |
| France | 72.7 | N/A | N/A | 1.1 | -75.3% |
| Germany | N/A | N/A | N/A | 0.3 | 0% |
| New Zealand | 31.3 | N/A | N/A | N/A | 0% |
| Palestine | 29.0 | 74.2 | 54.4 | N/A | 37.0% |
| Denmark | N/A | 0.6 | N/A | N/A | 0% |
| Others | 61.1 | 207 | 3.3 | N/A | -76.8% |
| Total | 450 | 282 | 308 | 153 | -30.2% |
Top Export Markets for Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) from Sri Lanka in 2022:
- Maldives (34.0 units)
- Seychelles (2.0 units)
- Germany (2.0 units)
- Singapore (1.0 units)
- France (1.0 units)
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