Price for Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Sri Lanka - 2022
Contents:
- Price for Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Sri Lanka (CIF) - 2022
- Price for Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Sri Lanka (FOB) - 2022
- Imports of Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Sri Lanka
- Exports of Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Sri Lanka
Price for Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Sri Lanka (CIF) - 2022
The average import price for electrical circuit prefabricated elements, connectors, contact elements and other equipment stood at $85 per thousand units in 2022, picking up by 42% against the previous year. Overall, import price indicated a buoyant expansion from 2012 to 2022: its price increased at an average annual rate of +6.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for electrical circuit prefabricated elements, connectors, contact elements and other equipment increased by +87.2% against 2020 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
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 ($372 per thousand units), while the price for Thailand ($11 per thousand units) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+18.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Sri Lanka (FOB) - 2022
The average export price for electrical circuit prefabricated elements, connectors, contact elements and other equipment stood at $0.2 per unit in 2022, which is down by -8.8% against the previous year. Over the period under review, the export price, however, recorded a resilient expansion. The pace of growth was the most pronounced in 2018 an increase of 66% against the previous year. Over the period under review, the average export prices attained the peak figure at $0.2 per unit in 2021, and then shrank in the following year.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($0.6 per unit), while the average price for exports to Maldives (less than $0.1 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 the Netherlands (+25.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Sri Lanka
In 2022, after three years of growth, there was significant decline in overseas purchases of electrical circuit prefabricated elements, connectors, contact elements and other equipment, when their volume decreased by -28.5% to 324M units. Over the period under review, imports recorded a noticeable downturn. The most prominent rate of growth was recorded in 2020 when imports increased by 15%. Imports peaked at 454M units in 2021, and then contracted dramatically in the following year.
In value terms, imports of electrical circuit prefabricated elements, connectors, contact elements and other equipment rose modestly to $28M in 2022. In general, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +17.8% 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 +63.6% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 45%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Sri Lanka (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 5.8 | 5.9 | 10.8 | 8.8 | 14.9% |
| Germany | 0.7 | 1.5 | 3.7 | 3.7 | 74.2% |
| United States | 0.7 | 1.0 | 1.5 | 2.1 | 44.2% |
| India | 1.5 | 1.4 | 2.2 | 1.7 | 4.3% |
| Malaysia | 0.7 | 0.6 | 0.5 | 0.8 | 4.6% |
| Singapore | 1.6 | 1.0 | 0.7 | 0.6 | -27.9% |
| France | 0.4 | 1.6 | 0.5 | 0.6 | 14.5% |
| South Korea | 0.3 | 0.3 | 0.4 | 0.5 | 18.6% |
| Thailand | 0.1 | 0.1 | 0.1 | 0.1 | 0.0% |
| Others | 5.1 | 5.3 | 6.8 | 8.7 | 19.5% |
| Total | 16.9 | 18.8 | 27.3 | 27.7 | 17.9% |
Top Suppliers of Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment to Sri Lanka in 2022:
- China (199.9M units)
- India (38.3M units)
- Malaysia (15.6M units)
- Germany (12.6M units)
- Thailand (7.1M units)
- United States (5.6M units)
- South Korea (5.1M units)
- France (2.2M units)
- Singapore (1.7M units)
Exports of Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Sri Lanka
In 2022, exports of electrical circuit prefabricated elements, connectors, contact elements and other equipment from Sri Lanka soared to 27M units, jumping by 28% compared with the previous year's figure. The total export volume increased at an average annual rate of +3.0% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of electrical circuit prefabricated elements, connectors, contact elements and other equipment surged to $4.1M in 2022. Overall, total exports indicated pronounced growth from 2019 to 2022: its value increased at an average annual rate of +4.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +88.9% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 62%. Over the period under review, the exports of reached the peak figure in 2022 and are likely to see steady growth in years to come.
| Export of Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1,322 | 879 | 1,273 | 1,177 | -3.8% |
| Tanzania | 937 | 670 | 993 | 1,062 | 4.3% |
| Netherlands | 4.4 | 23.1 | 454 | 805 | 467.7% |
| Switzerland | 174 | 105 | 120 | 202 | 5.1% |
| Maldives | 76.9 | 26.6 | 47.1 | 117 | 15.0% |
| Singapore | 130 | 53.4 | 64.6 | 63.5 | -21.2% |
| Mali | 158 | 26.2 | 42.5 | 47.5 | -33.0% |
| India | 67.7 | 6.0 | 58.0 | 45.9 | -12.2% |
| Others | 776 | 396 | 493 | 608 | -7.8% |
| Total | 3,645 | 2,186 | 3,544 | 4,128 | 4.2% |
Top Export Markets for Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment from Sri Lanka in 2022:
- Tanzania (16.5M units)
- Maldives (2.6M units)
- United States (2.6M units)
- Netherlands (1.3M units)
- Mali (0.9M units)
- Singapore (0.5M units)
- Switzerland (0.5M units)
- India (0.3M units)
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