Price for Knitting Machines; Circular, with Cylinder Diameter Exceeding 165mm in Sri Lanka - 2022

Contents:

  1. Price for Knitting Machines; Circular, with Cylinder Diameter Exceeding 165mm in Sri Lanka (CIF) - 2022
  2. Price for Knitting Machines; Circular, with Cylinder Diameter Exceeding 165mm in Sri Lanka (FOB) - 2022
  3. Imports of Knitting Machines; Circular, with Cylinder Diameter Exceeding 165mm in Sri Lanka
  4. Exports of Knitting Machines; Circular, with Cylinder Diameter Exceeding 165mm in Sri Lanka

Price for Knitting Machines; Circular, with Cylinder Diameter Exceeding 165mm in Sri Lanka (CIF) - 2022

In 2022, the average import price for knitting machines; circular, with cylinder diameter exceeding 165mms amounted to $45,831 per unit, with an increase of 21% against the previous year. In general, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 an increase of 30%. As a result, import price reached the peak level of $55,316 per unit. From 2014 to 2022, the average import prices failed to regain momentum.

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 Taiwan (Chinese) ($94,302 per unit), while the price for Singapore ($11,050 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+19.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Knitting Machines; Circular, with Cylinder Diameter Exceeding 165mm in Sri Lanka (FOB) - 2022

The average export price for knitting machines; circular, with cylinder diameter exceeding 165mms stood at $42,827 per unit in 2022, growing by 229% against the previous year. Over the period under review, the export price recorded a tangible expansion. The export price peaked at $45,737 per unit in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Canada ($61,907 per unit), while the average price for exports to Italy ($12,532 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 Ethiopia (+32.8%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Knitting Machines; Circular, with Cylinder Diameter Exceeding 165mm in Sri Lanka

Imports of knitting machines; circular, with cylinder diameter exceeding 165mms into Sri Lanka surged to 214 units in 2022, picking up by 30% against the previous year. The total import volume increased at an average annual rate of +8.2% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of knitting machines; circular, with cylinder diameter exceeding 165mms surged to $9.8M in 2022. Overall, total imports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +20.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +76.4% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Knitting Machines; Circular, with Cylinder Diameter Exceeding 165mm in Sri Lanka (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Italy3.33.23.55.518.6%
China1.33.11.53.133.6%
Singapore0.30.40.40.410.1%
Taiwan (Chinese)0.30.30.30.30.0%
United States0.30.20.20.2-12.6%
PakistanN/AN/AN/A0.10%
ThailandN/A0.7N/AN/A0%
Others0.10.10.30.344.2%
Total5.67.96.29.820.5%

Top Suppliers of Knitting Machines; Circular, with Cylinder Diameter Exceeding 165mm to Sri Lanka in 2022:

  1. China (89.0 units)
  2. Italy (73.0 units)
  3. Singapore (34.0 units)
  4. Pakistan (5.0 units)
  5. United States (5.0 units)
  6. Taiwan (Chinese) (3.0 units)

Exports of Knitting Machines; Circular, with Cylinder Diameter Exceeding 165mm in Sri Lanka

In 2022, approx. 7 units of knitting machines; circular, with cylinder diameter exceeding 165mms were exported from Sri Lanka; rising by 75% against 2021. Over the period under review, exports saw a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 267% against the previous year. As a result, the exports reached the peak of 11 units. From 2021 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of knitting machines; circular, with cylinder diameter exceeding 165mms surged to $300K in 2022. In general, exports saw a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 526% against the previous year. Over the period under review, the exports of reached the maximum in 2022 and are expected to retain growth in the immediate term.

Export of Knitting Machines; Circular, with Cylinder Diameter Exceeding 165mm in Sri Lanka (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
CanadaN/AN/AN/A1240%
India18.136.427.540.330.6%
Italy5.046.624.625.171.2%
EthiopiaN/A69.0N/AN/A0%
United KingdomN/A4.9N/AN/A0%
Australia1.9N/AN/AN/A0%
OthersN/AN/AN/A1110%
Total25.115752.1300128.6%

Top Export Markets for Knitting Machines; Circular, with Cylinder Diameter Exceeding 165mm from Sri Lanka in 2022:

  1. India (3.0 units)
  2. Canada (2.0 units)
  3. Italy (2.0 units)

Source: IndexBox Market Intelligence Platform

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