Price for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Sri Lanka - 2022
Contents:
- Price for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Sri Lanka (CIF) - 2022
- Price for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Sri Lanka (FOB) - 2022
- Imports of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Sri Lanka
- Exports of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Sri Lanka
Price for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Sri Lanka (CIF) - 2022
The average import price for machines and mechanical appliances; parts, of those having individual functionses stood at $24,651 per ton in 2022, increasing by 10% against the previous year. In general, the import price, however, saw a mild reduction. The most prominent rate of growth was recorded in 2018 an increase of 34% against the previous year. As a result, import price reached the peak level of $29,089 per ton. From 2019 to 2022, the average import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Indonesia ($414,756 per ton), while the price for India ($14,084 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+40.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Sri Lanka (FOB) - 2022
In 2022, the average export price for machines and mechanical appliances; parts, of those having individual functionses amounted to $29,771 per ton, waning by -6.7% against the previous year. In general, the export price, however, saw a remarkable increase. The pace of growth was the most pronounced in 2015 an increase of 163% against the previous year. Over the period under review, the average export prices hit record highs at $41,557 per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.
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 Romania ($183,038 per ton), while the average price for exports to Indonesia ($1,167 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 Canada (+25.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Sri Lanka
In 2022, the amount of machines and mechanical appliances; parts, of those having individual functionses imported into Sri Lanka contracted to 361 tons, reducing by -2.8% on 2021 figures. In general, imports showed a abrupt contraction. The pace of growth appeared the most rapid in 2021 with an increase of 61% against the previous year.
In value terms, imports of machines and mechanical appliances; parts, of those having individual functionses rose sharply to $8.9M in 2022. Overall, imports continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 78% against the previous year.
| Import of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2,564 | 876 | 2,450 | 2,281 | -3.8% |
| India | 1,506 | 701 | 1,354 | 1,454 | -1.2% |
| Germany | 1,632 | 530 | 728 | 883 | -18.5% |
| Japan | 1,310 | 428 | 715 | 567 | -24.4% |
| Italy | 393 | 218 | 398 | 443 | 4.1% |
| Israel | 42.2 | 4.0 | 1.1 | 421 | 115.3% |
| Taiwan (Chinese) | 186 | 96.7 | 255 | 351 | 23.6% |
| South Korea | 261 | 97.8 | 169 | 343 | 9.5% |
| United States | 773 | 234 | 298 | 297 | -27.3% |
| Malaysia | 516 | 154 | 491 | 236 | -23.0% |
| United Arab Emirates | 586 | 443 | 27.0 | 35.6 | -60.7% |
| Others | 2,219 | 886 | 1,413 | 1,585 | -10.6% |
| Total | 11,986 | 4,668 | 8,302 | 8,897 | -9.5% |
Top Suppliers of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions to Sri Lanka in 2022:
- China (152.2 tons)
- India (103.2 tons)
- Taiwan (Chinese) (17.0 tons)
- South Korea (15.8 tons)
- Germany (13.5 tons)
- Malaysia (9.8 tons)
- United States (8.4 tons)
- Italy (7.1 tons)
- Israel (6.3 tons)
- Japan (4.4 tons)
- United Arab Emirates (0.7 tons)
Exports of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Sri Lanka
In 2022, exports of machines and mechanical appliances; parts, of those having individual functionses from Sri Lanka shrank remarkably to 1.1 tons, which is down by -72.9% compared with the year before. Overall, exports saw a precipitous contraction. The pace of growth was the most pronounced in 2021 with an increase of 170%.
In value terms, exports of machines and mechanical appliances; parts, of those having individual functionses shrank rapidly to $34K in 2022. Over the period under review, exports faced a sharp downturn. The growth pace was the most rapid in 2021 with an increase of 107%.
| Export of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Switzerland | 2,377 | 32.2 | 81.1 | 23.5 | -78.5% |
| Romania | 748 | 9.9 | 22.7 | 4.8 | -81.4% |
| China | 175 | 0.1 | 0.5 | 1.4 | -80.0% |
| France | 775 | 9.4 | 10.6 | 1.0 | -89.1% |
| Canada | 39.1 | 0.6 | 1.6 | 0.6 | -75.2% |
| Australia | 46.8 | 0.5 | N/A | 0.2 | -83.8% |
| South Korea | 2.4 | 0.1 | 0.1 | 0.2 | -56.3% |
| Turkey | 35.9 | 0.9 | 0.7 | 0.1 | -85.9% |
| India | 21.0 | 0.3 | 1.1 | 0.1 | -83.2% |
| United Kingdom | 149 | 0.7 | N/A | 0.1 | -91.2% |
| Norway | 231 | 0.6 | 1.4 | 0.1 | -92.4% |
| Singapore | 335 | N/A | 1.2 | N/A | -94.0% |
| Bangladesh | 44.7 | 0.2 | 0.2 | N/A | -93.3% |
| Others | 1,021 | 9.4 | 13.0 | 1.8 | -87.9% |
| Total | 6,001 | 64.8 | 134 | 33.9 | -82.2% |
Top Export Markets for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions from Sri Lanka in 2022:
- Switzerland (314.0 kg)
- China (198.0 kg)
- France (137.0 kg)
- India (66.0 kg)
- Canada (62.0 kg)
- Turkey (41.0 kg)
- Australia (36.0 kg)
- South Korea (28.0 kg)
- Romania (26.0 kg)
- United Kingdom (10.0 kg)
- Norway (10.0 kg)
- Bangladesh (4.0 kg)
- Singapore (1.0 kg)
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