Price for Non-Electric Iron or Steel Central Heating Radiator of Cast Iron in Sri Lanka - 2022

Contents:

  1. Price for Non-Electric Iron or Steel Central Heating Radiator of Cast Iron in Sri Lanka (CIF) - 2022
  2. Price for Non-Electric Iron or Steel Central Heating Radiator of Cast Iron in Sri Lanka (FOB) - 2022
  3. Imports of Non-Electric Iron or Steel Central Heating Radiator of Cast Iron in Sri Lanka
  4. Exports of Non-Electric Iron or Steel Central Heating Radiator of Cast Iron in Sri Lanka

Price for Non-Electric Iron or Steel Central Heating Radiator of Cast Iron in Sri Lanka (CIF) - 2022

The average import price for non-electric iron or steel central heating radiators of cast iron stood at $155 per unit in 2022, rising by 259% against the previous year. Overall, the import price recorded a resilient increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

As there is only one major supplying country, the average price level is determined by prices for India.

From 2012 to 2022, the rate of growth in terms of prices for Australia amounted to +215.5% per year.

Price for Non-Electric Iron or Steel Central Heating Radiator of Cast Iron in Sri Lanka (FOB) - 2022

The average export price for non-electric iron or steel central heating radiators of cast iron stood at $4.7 per unit in 2022, picking up by 12% against the previous year. Overall, the export price, however, recorded a precipitous decrease. The pace of growth was the most pronounced in 2015 an increase of 16% against the previous year. Over the period under review, the average export prices hit record highs at $71 per unit in 2012; however, from 2013 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 Maldives amounted to -14.6% per year.

Imports of Non-Electric Iron or Steel Central Heating Radiator of Cast Iron in Sri Lanka

Imports of non-electric iron or steel central heating radiators of cast iron into Sri Lanka expanded markedly to 66 units in 2022, with an increase of 6.5% on 2021 figures. In general, imports showed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 3,300%. As a result, imports reached the peak of 374 units. From 2021 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of non-electric iron or steel central heating radiators of cast iron surged to $10K in 2022. Overall, imports continue to indicate a significant increase. The growth pace was the most rapid in 2020 when imports increased by 5,728%. As a result, imports reached the peak of $23K. From 2021 to 2022, the growth of imports of failed to regain momentum.

Import of Non-Electric Iron or Steel Central Heating Radiator of Cast Iron in Sri Lanka (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
India0.18.00.310.2367.2%
ChinaN/A0.60.1N/A-83.3%
Malaysia0.16.40.8N/A182.8%
Singapore0.13.70.7N/A164.6%
Others0.14.30.8N/A182.8%
Total0.422.92.710.2194.3%

Top Suppliers of Non-Electric Iron or Steel Central Heating Radiator of Cast Iron to Sri Lanka in 2022:

  1. India (66.0 units)

Exports of Non-Electric Iron or Steel Central Heating Radiator of Cast Iron in Sri Lanka

In 2022, shipments abroad of non-electric iron or steel central heating radiators of cast iron decreased by -8.3% to 1.2K units for the first time since 2018, thus ending a three-year rising trend. The total export volume increased at an average annual rate of +9.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 20%. As a result, the exports attained the peak of 1.3K units, and then fell in the following year.

In value terms, exports of non-electric iron or steel central heating radiators of cast iron reached $5.5K in 2022. In general, exports showed a pronounced contraction. The exports peaked at $6K in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Export of Non-Electric Iron or Steel Central Heating Radiator of Cast Iron in Sri Lanka (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Maldives6.05.75.35.5-2.9%
OthersN/AN/AN/AN/A0%
Total6.05.75.35.5-2.9%

Top Export Markets for Non-Electric Iron or Steel Central Heating Radiator of Cast Iron from Sri Lanka in 2022:

  1. Maldives (1.2K units)

Source: IndexBox Market Intelligence Platform

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