Price for Sanitary Ware and Parts Thereof, of Iron or Steel in Sri Lanka - 2022

Contents:

1. Price for Sanitary Ware and Parts Thereof, of Iron or Steel in Sri Lanka (CIF) - 2022
2. Price for Sanitary Ware and Parts Thereof, of Iron or Steel in Sri Lanka (FOB) - 2022
3. Imports of Sanitary Ware and Parts Thereof, of Iron or Steel in Sri Lanka
4. Exports of Sanitary Ware and Parts Thereof, of Iron or Steel in Sri Lanka

Price for Sanitary Ware and Parts Thereof, of Iron or Steel in Sri Lanka (CIF) - 2022

The average import price for sanitary ware and parts thereof, of iron or steel stood at $8.2 per unit in 2022, falling by -6.9% against the previous year. Overall, import price indicated a strong increase from 2012 to 2022: its price increased at an average annual rate of +7.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for sanitary ware and parts thereof, of iron or steel increased by +48.0% against 2017 indices. The most prominent rate of growth was recorded in 2020 an increase of 32% against the previous year. The import price peaked at $8.8 per unit in 2021, and then contracted in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($24 per unit), while the price for Singapore ($4.6 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+23.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Sanitary Ware and Parts Thereof, of Iron or Steel in Sri Lanka (FOB) - 2022

In 2022, the average export price for sanitary ware and parts thereof, of iron or steel amounted to $18 per unit, growing by 77% against the previous year. In general, the export price posted a strong expansion. The pace of growth appeared the most rapid in 2018 when the average export price increased by 90% against the previous year. The export price peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($68 per unit), while the average price for exports to Australia ($7.9 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+22.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Sanitary Ware and Parts Thereof, of Iron or Steel in Sri Lanka

In 2022, after three years of growth, there was significant decline in overseas purchases of sanitary ware and parts thereof, of iron or steel, when their volume decreased by -33% to 941K units. Overall, imports showed a pronounced decrease. The pace of growth appeared the most rapid in 2021 with an increase of 23% against the previous year. As a result, imports attained the peak of 1.4M units, and then contracted remarkably in the following year.

In value terms, imports of sanitary ware and parts thereof, of iron or steel shrank significantly to $7.7M in 2022. In general, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +5.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 41% against the previous year. Over the period under review, imports of reached the maximum at $12M in 2021, and then declined dramatically in the following year.

Top Suppliers of Sanitary Ware and Parts Thereof, of Iron or Steel to Sri Lanka in 2022:

1. China (769.9K units)
2. India (120.4K units)
3. South Korea (1.1K units)

Exports of Sanitary Ware and Parts Thereof, of Iron or Steel in Sri Lanka

For the third year in a row, Sri Lanka recorded decline in shipments abroad of sanitary ware and parts thereof, of iron or steel, which decreased by -32.2% to 5.1K units in 2022. In general, exports continue to indicate a significant decrease. The smallest decline of -18.1% was in 2021. Over the period under review, the exports of reached the maximum at 13K units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, exports of sanitary ware and parts thereof, of iron or steel soared to $93K in 2022. Over the period under review, exports recorded a abrupt decline. Over the period under review, the exports of hit record highs at $122K in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Top Export Markets for Sanitary Ware and Parts Thereof, of Iron or Steel from Sri Lanka in 2022:

1. Maldives (1824.0 units)
2. Oman (715.0 units)
3. United States (530.0 units)
4. Seychelles (404.0 units)
5. United Kingdom (322.0 units)
6. India (281.0 units)
7. Australia (271.0 units)
8. Germany (255.0 units)

Source: IndexBox Market Intelligence Platform