Price for Machinery; Parts of the Machinery of Heading No. 8427 in Sri Lanka - 2022
Contents:
- Price for Machinery; Parts of the Machinery of Heading No. 8427 in Sri Lanka (FOB) - 2022
- Price for Machinery; Parts of the Machinery of Heading No. 8427 in Sri Lanka (CIF) - 2022
- Exports of Machinery; Parts of the Machinery of Heading No. 8427 in Sri Lanka
- Imports of Machinery; Parts of the Machinery of Heading No. 8427 in Sri Lanka
Price for Machinery; Parts of the Machinery of Heading No. 8427 in Sri Lanka (FOB) - 2022
The average export price for machinery; parts of the machinery of heading no. 8427 stood at $3,239 per ton in 2022, reducing by -28% against the previous year. In general, the export price saw a mild shrinkage. The pace of growth appeared the most rapid in 2013 an increase of 23% against the previous year. The export price peaked at $5,306 per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($10,452 per ton), while the average price for exports to China ($1,659 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 Japan (+1.3%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Machinery; Parts of the Machinery of Heading No. 8427 in Sri Lanka (CIF) - 2022
In 2022, the average import price for machinery; parts of the machinery of heading no. 8427 amounted to $3,185 per ton, shrinking by -1.7% against the previous year. Overall, the import price recorded a mild setback. The pace of growth was the most pronounced in 2018 when the average import price increased by 343%. As a result, import price attained the peak level of $11,859 per ton. From 2019 to 2022, the average 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 Belgium ($18,242 per ton), while the price for China ($2,749 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+9.1%), while the prices for the other major suppliers experienced a decline.
Exports of Machinery; Parts of the Machinery of Heading No. 8427 in Sri Lanka
Exports of machinery; parts of the machinery of heading no. 8427 from Sri Lanka surged to 23K tons in 2022, picking up by 61% on the year before. Over the period under review, exports saw prominent growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of machinery; parts of the machinery of heading no. 8427 skyrocketed to $74M in 2022. The total export value increased at an average annual rate of +4.2% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 30%. The exports peaked in 2022 and are expected to retain growth in the immediate term.
| Export of Machinery; Parts of the Machinery of Heading No. 8427 in Sri Lanka (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 18.8 | 19.5 | 19.9 | 17.2 | -2.9% |
| Germany | 7.8 | 4.6 | 6.8 | 16.8 | 29.1% |
| United Kingdom | 8.5 | 3.6 | 6.8 | 13.4 | 16.4% |
| France | 3.1 | 1.8 | 3.1 | 9.7 | 46.3% |
| Belgium | 0.6 | 0.1 | 0.1 | 2.2 | 54.2% |
| Romania | N/A | N/A | N/A | 2.1 | 0% |
| Spain | 1.1 | 1.6 | 0.9 | 2.1 | 24.1% |
| Ireland | 3.1 | 2.0 | N/A | 1.7 | -18.1% |
| China | 0.5 | 0.4 | 0.8 | 1.0 | 26.0% |
| Canada | 11.5 | 6.8 | 13.8 | 0.9 | -57.2% |
| Netherlands | 0.6 | 0.3 | 1.1 | 0.7 | 5.3% |
| Japan | 2.1 | 1.5 | 2.1 | 0.7 | -30.7% |
| Finland | 1.4 | 1.2 | 1.3 | 0.3 | -40.2% |
| Others | 6.5 | 5.7 | 7.2 | 5.2 | -7.2% |
| Total | 65.5 | 49.1 | 63.9 | 74.0 | 4.2% |
Top Export Markets for Machinery; Parts of the Machinery of Heading No. 8427 from Sri Lanka in 2022:
- Germany (6.2K tons)
- United Kingdom (4.7K tons)
- France (4.5K tons)
- United States (1.6K tons)
- Romania (1.2K tons)
- Ireland (0.9K tons)
- Belgium (0.8K tons)
- Spain (0.7K tons)
- China (0.6K tons)
- Netherlands (0.3K tons)
- Finland (0.2K tons)
- Japan (0.2K tons)
- Canada (0.1K tons)
Imports of Machinery; Parts of the Machinery of Heading No. 8427 in Sri Lanka
In 2022, the amount of machinery; parts of the machinery of heading no. 8427 imported into Sri Lanka soared to 946 tons, jumping by 43% against 2021. In general, imports, however, showed a abrupt descent.
In value terms, imports of machinery; parts of the machinery of heading no. 8427 soared to $3M in 2022. Overall, imports, however, saw a slight reduction. The growth pace was the most rapid in 2021 with an increase of 59%.
| Import of Machinery; Parts of the Machinery of Heading No. 8427 in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2,367 | 752 | 1,279 | 2,065 | -4.4% |
| India | 20.8 | 25.1 | 110 | 382 | 163.8% |
| Turkey | 55.2 | 0.9 | 9.2 | 137 | 35.4% |
| Others | 685 | 574 | 746 | 431 | -14.3% |
| Total | 3,129 | 1,352 | 2,144 | 3,014 | -1.2% |
Top Suppliers of Machinery; Parts of the Machinery of Heading No. 8427 to Sri Lanka in 2022:
- China (751.2 tons)
- India (131.5 tons)
- Turkey (42.1 tons)
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