Price for Machines; Automatic Beverage-Vending Machines, Incorporating Heating or Refrigerating Devices in Sri Lanka - 2022

Contents:

  1. Price for Machines; Automatic Beverage-Vending Machines, Incorporating Heating or Refrigerating Devices in Sri Lanka (CIF) - 2022
  2. Price for Machines; Automatic Beverage-Vending Machines, Incorporating Heating or Refrigerating Devices in Sri Lanka (FOB) - 2022
  3. Imports of Machines; Automatic Beverage-Vending Machines, Incorporating Heating or Refrigerating Devices in Sri Lanka
  4. Exports of Machines; Automatic Beverage-Vending Machines, Incorporating Heating or Refrigerating Devices in Sri Lanka

Price for Machines; Automatic Beverage-Vending Machines, Incorporating Heating or Refrigerating Devices in Sri Lanka (CIF) - 2022

The average import price for machines; automatic beverage-vending machines, incorporating heating or refrigerating deviceses stood at $1,991 per unit in 2022, surging by 4.7% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.8%. The growth pace was the most rapid in 2017 an increase of 36% against the previous year. Over the period under review, average import prices reached the peak figure at $2,073 per unit in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Malaysia ($36,251 per unit), while the price for Hong Kong SAR ($17 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+29.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Machines; Automatic Beverage-Vending Machines, Incorporating Heating or Refrigerating Devices in Sri Lanka (FOB) - 2022

The average export price for machines; automatic beverage-vending machines, incorporating heating or refrigerating deviceses stood at $442 per unit in 2022, reducing by -25.7% against the previous year. Overall, the export price, however, showed significant growth. The pace of growth was the most pronounced in 2013 an increase of 428% against the previous year. The export price peaked at $915 per unit in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Oman amounted to +398.3% per year.

Imports of Machines; Automatic Beverage-Vending Machines, Incorporating Heating or Refrigerating Devices in Sri Lanka

In 2022, overseas purchases of machines; automatic beverage-vending machines, incorporating heating or refrigerating deviceses decreased by -66.9% to 40 units, falling for the second consecutive year after two years of growth. Over the period under review, imports saw a precipitous shrinkage. The growth pace was the most rapid in 2020 with an increase of 6.3% against the previous year. As a result, imports reached the peak of 152 units. From 2021 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of machines; automatic beverage-vending machines, incorporating heating or refrigerating deviceses declined notably to $80K in 2022. In general, imports showed a sharp slump. The smallest decline of -7.3% was in 2020. Imports peaked at $296K in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Import of Machines; Automatic Beverage-Vending Machines, Incorporating Heating or Refrigerating Devices in Sri Lanka (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Malaysia47.545.049.736.3-8.6%
India23121614828.4-50.3%
Singapore3.63.86.25.515.2%
China2.03.020.45.237.5%
FranceN/AN/AN/A1.90%
United Kingdom5.33.93.31.8-30.2%
Italy6.03.11.80.5-56.3%
Hong Kong SAR0.1N/AN/AN/A0%
Others0.80.20.20.1-50.0%
Total29627523079.6-35.5%

Top Suppliers of Machines; Automatic Beverage-Vending Machines, Incorporating Heating or Refrigerating Devices to Sri Lanka in 2022:

  1. India (27.0 units)
  2. China (6.0 units)
  3. Italy (1.0 units)
  4. Singapore (1.0 units)
  5. France (1.0 units)
  6. United Kingdom (1.0 units)
  7. Malaysia (1.0 units)
  8. Hong Kong SAR (1.0 units)

Exports of Machines; Automatic Beverage-Vending Machines, Incorporating Heating or Refrigerating Devices in Sri Lanka

Exports of machines; automatic beverage-vending machines, incorporating heating or refrigerating deviceses from Sri Lanka skyrocketed to 5 units in 2022, picking up by 67% against the previous year's figure. In general, exports, however, faced a dramatic descent. Over the period under review, the exports of attained the peak figure at 15 units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of machines; automatic beverage-vending machines, incorporating heating or refrigerating deviceses skyrocketed to $2.2K in 2022. Overall, exports, however, recorded a precipitous decline. The most prominent rate of growth was recorded in 2021 when exports increased by 52% against the previous year. Over the period under review, the exports of hit record highs at $7.2K in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Export of Machines; Automatic Beverage-Vending Machines, Incorporating Heating or Refrigerating Devices in Sri Lanka (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Maldives7.21.21.82.2-32.6%
OthersN/AN/AN/AN/A0%
Total7.21.21.82.2-32.6%

Top Export Markets for Machines; Automatic Beverage-Vending Machines, Incorporating Heating or Refrigerating Devices from Sri Lanka in 2022:

  1. Maldives (5.0 units)

Source: IndexBox Market Intelligence Platform

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