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

Contents:

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

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

In 2022, the average import price for non-electric iron or steel central heating radiators other than of cast iron amounted to $9.1 per unit, picking up by 80% against the previous year. In general, import price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 India ($10 per unit), while the price for the United Arab Emirates ($1 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+1.4%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average export price for non-electric iron or steel central heating radiators other than of cast iron amounted to $5.7 per unit, reducing by -3.4% against the previous year. Over the period under review, the export price, however, showed a buoyant increase. The most prominent rate of growth was recorded in 2017 when the average export price increased by 50% against the previous year. As a result, the export price reached the peak level of $6.5 per unit. From 2018 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Maldives ($15 per unit), while the average price for exports to Indonesia totaled $5 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Seychelles (+169.2%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, imports of non-electric iron or steel central heating radiators other than of cast iron into Sri Lanka declined significantly to 3.4K units, dropping by -46.7% against 2021 figures. In general, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 484%. As a result, imports reached the peak of 6.3K units, and then fell notably in the following year.

In value terms, imports of non-electric iron or steel central heating radiators other than of cast iron reduced slightly to $31K in 2022. Over the period under review, imports, however, posted a prominent increase. The most prominent rate of growth was recorded in 2021 with an increase of 287% against the previous year. As a result, imports attained the peak of $32K, and then reduced slightly in the following year.

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

1. India (2174.0 units)
2. China (685.0 units)
3. Singapore (257.0 units)
4. United Arab Emirates (150.0 units)

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

After two years of decline, shipments abroad of non-electric iron or steel central heating radiators other than of cast iron increased by 7.9% to 505 units in 2022. Over the period under review, exports, however, recorded a deep contraction. The exports peaked at 726 units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, exports of non-electric iron or steel central heating radiators other than of cast iron reached $2.9K in 2022. The total export value increased at an average annual rate of +5.3% from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The pace of growth was the most pronounced in 2020 when exports increased by 21%. As a result, the exports attained the peak of $3K. From 2021 to 2022, the growth of the exports of remained at a lower figure.

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

1. Indonesia (467.0 units)
2. Maldives (38.0 units)

Source: IndexBox Market Intelligence Platform