Price for Tugs and Pusher Craft in Sri Lanka - 2021

Contents:

1. Price for Tugs and Pusher Craft in Sri Lanka (CIF) - 2022
2. Price for Tugs and Pusher Craft in Sri Lanka (FOB) - 2022
3. Imports of Tugs and Pusher Craft in Sri Lanka
4. Exports of Tugs and Pusher Craft in Sri Lanka

Price for Tugs and Pusher Craft in Sri Lanka (CIF) - 2022

In 2022, the average tugs and pusher craft import price amounted to $26,745 per unit, waning by -97.1% against the previous year. Over the period under review, the import price faced a significant curtailment. The pace of growth appeared the most rapid in 2017 an increase of 129% against the previous year. The import price peaked at $44,841,157 per unit in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Australia amounted to +4,408.7% per year.

Price for Tugs and Pusher Craft in Sri Lanka (FOB) - 2022

In 2022, the average tugs and pusher craft export price amounted to $227,364 per unit, increasing by 15% against the previous year. Over the period under review, the export price continues to indicate a prominent increase. The most prominent rate of growth was recorded in 2014 when the average export price increased by 3,517%. The export price peaked in 2022 and is likely to continue growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($291,202 per unit), while the average price for exports to Maldives totaled $72,273 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (+10.9%).

Imports of Tugs and Pusher Craft in Sri Lanka

Tugs and pusher craft imports into Sri Lanka amounted to 1 units in 2022, approximately reflecting the previous year. In general, imports showed a relatively flat trend pattern. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, tugs and pusher craft imports shrank rapidly to $27K in 2022. Over the period under review, imports showed a precipitous contraction. The pace of growth was the most pronounced in 2020 with an increase of 1.9% against the previous year. Over the period under review, imports hit record highs at $936K in 2021, and then reduced rapidly in the following year.

Top Suppliers of Tugs and Pusher Craft to Sri Lanka in 2022:

1. Malaysia (1.0 units)

Exports of Tugs and Pusher Craft in Sri Lanka

Tugs and pusher craft exports from Sri Lanka surged to 59 units in 2022, rising by 40% on the previous year. In general, exports enjoyed a significant increase. The pace of growth appeared the most rapid in 2020 when exports increased by 2,150%. As a result, the exports attained the peak of 90 units. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, tugs and pusher craft exports soared to $13M in 2022. Over the period under review, exports recorded a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 33,620%. As a result, the exports attained the peak of $19M. From 2021 to 2022, the growth of the exports failed to regain momentum.

Top Export Markets for Tugs and Pusher Craft from Sri Lanka in 2022:

1. India (42.0 units)
2. Maldives (17.0 units)

Source: IndexBox Market Intelligence Platform