Price for Liquid Elevators; Parts Thereof in Sri Lanka - 2021

Contents:

  1. Price for Liquid Elevators; Parts Thereof in Sri Lanka (CIF) - 2022
  2. Price for Liquid Elevators; Parts Thereof in Sri Lanka (FOB) - 2022
  3. Imports of Liquid Elevators; Parts Thereof in Sri Lanka
  4. Exports of Liquid Elevators; Parts Thereof in Sri Lanka

Price for Liquid Elevators; Parts Thereof in Sri Lanka (CIF) - 2022

In 2022, the average liquid elevators; parts thereof import price amounted to $12,860 per ton, with an increase of 2.7% against the previous year. Overall, the import price posted a mild expansion. The pace of growth appeared the most rapid in 2021 when the average import price increased by 90% against the previous year. The import price peaked at $15,676 per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($128,494 per ton), while the price for Hong Kong SAR ($1,918 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+11.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Liquid Elevators; Parts Thereof in Sri Lanka (FOB) - 2022

The average liquid elevators; parts thereof export price stood at $16,663 per ton in 2022, with a decrease of -1.6% against the previous year. In general, the export price continues to indicate a abrupt shrinkage. The pace of growth appeared the most rapid in 2016 when the average export price increased by 917%. As a result, the export price attained the peak level of $318,694 per ton. From 2017 to 2022, the average export prices failed to regain momentum.

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

From 2012 to 2022, the rate of growth in terms of prices for Singapore amounted to -14.4% per year.

Imports of Liquid Elevators; Parts Thereof in Sri Lanka

After three years of growth, purchases abroad of liquid elevators; parts thereoves decreased by -84.8% to 4.2 tons in 2022. In general, imports continue to indicate a sharp decline. The growth pace was the most rapid in 2020 with an increase of 180% against the previous year.

In value terms, liquid elevators; parts thereof imports reduced sharply to $54K in 2022. Over the period under review, imports recorded a abrupt downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 125% against the previous year. As a result, imports attained the peak of $348K, and then declined dramatically in the following year.

Import of Liquid Elevators; Parts Thereof in Sri Lanka (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Germany1.24.823.619.0151.1%
Singapore1.025.313.215.2147.7%
India0.51.916.213.6200.7%
Hong Kong SAR0.73.59.83.367.7%
Taiwan (Chinese)4.421.12.30.7-45.8%
Italy5.38.95.20.4-57.7%
China35.712.01.50.4-77.6%
South Korea5.815.915.4N/A62.9%
Netherlands7.918.614.0N/A33.1%
Australia2.79.311.0N/A101.8%
Others11.633.52361.6-48.3%
Total76.915534854.2-11.0%

Top Suppliers of Liquid Elevators; Parts Thereof to Sri Lanka in 2022:

  1. Hong Kong SAR (1735.0 kg)
  2. India (1372.0 kg)
  3. Singapore (456.0 kg)
  4. Taiwan (Chinese) (359.0 kg)
  5. Germany (148.0 kg)
  6. Italy (42.0 kg)
  7. China (38.0 kg)

Exports of Liquid Elevators; Parts Thereof in Sri Lanka

After two years of decline, overseas shipments of liquid elevators; parts thereoves increased by 63% to 26 kg in 2022. Over the period under review, exports, however, faced a precipitous shrinkage.

In value terms, liquid elevators; parts thereof exports soared to $426 in 2022. Overall, exports, however, continue to indicate a precipitous setback.

Export of Liquid Elevators; Parts Thereof in Sri Lanka (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Singapore0.11.70.30.458.7%
Malaysia3.0N/AN/AN/A0%
OthersN/AN/AN/AN/A0%
Total3.11.70.30.4-49.5%

Top Export Markets for Liquid Elevators; Parts Thereof from Sri Lanka in 2022:

  1. Singapore (26.0 kg)

Source: IndexBox Market Intelligence Platform

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