Price for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc in Sri Lanka - 2022
Contents:
- Price for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc in Sri Lanka (FOB) - 2022
- Price for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc in Sri Lanka (CIF) - 2022
- Exports of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc in Sri Lanka
- Imports of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc in Sri Lanka
Price for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc in Sri Lanka (FOB) - 2022
In 2022, the average export price for vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity exceeding 3000ccs amounted to $90,533 per unit, rising by 26% against the previous year. Over the period under review, the export price enjoyed a noticeable increase. The most prominent rate of growth was recorded in 2016 when the average export price increased by 139% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is likely to see gradual growth in the near future.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Maldives ($201,256 per unit), while the average price for exports to Singapore ($22,238 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 the UK (+69.2%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc in Sri Lanka (CIF) - 2022
In 2022, the average import price for vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity exceeding 3000ccs amounted to $65,324 per unit, which is down by -7.8% against the previous year. Over the period under review, import price indicated a pronounced expansion from 2012 to 2022: its price increased at an average annual rate of +4.9% 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 vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity exceeding 3000ccs increased by +32.8% against 2020 indices. The growth pace was the most rapid in 2021 an increase of 44%. Over the period under review, average import prices hit record highs at $77,123 per unit in 2018; however, from 2019 to 2022, import prices remained at a lower figure.
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 Australia ($112,710 per unit), while the price for Austria ($378 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+16.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc in Sri Lanka
In 2022, shipments abroad of vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity exceeding 3000ccs was finally on the rise to reach 47 units after two years of decline. In general, exports enjoyed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity exceeding 3000ccs soared to $4.2M in 2022. Over the period under review, exports continue to indicate a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 538 | 336 | 185 | 1,254 | 32.6% |
| Indonesia | 176 | 201 | 241 | 999 | 78.4% |
| United Kingdom | 113 | 111 | 118 | 575 | 72.0% |
| Malaysia | 77.7 | 51.5 | 22.7 | 361 | 66.9% |
| Maldives | 83.7 | 76.8 | 59.3 | 201 | 33.9% |
| United Arab Emirates | 101 | 82.7 | 57.0 | 184 | 22.1% |
| Bangladesh | 117 | 81.4 | 43.2 | 168 | 12.8% |
| Oman | N/A | 300 | 121 | 121 | -36.5% |
| Japan | 51.6 | 46.4 | 35.1 | 117 | 31.4% |
| India | 69.9 | 94.6 | 43.6 | 83.9 | 6.3% |
| Spain | N/A | N/A | N/A | 41.8 | 0% |
| United States | 119 | N/A | N/A | 36.2 | -32.7% |
| Singapore | 22.0 | 15.1 | 8.7 | 22.2 | 0.3% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 1,469 | 1,396 | 935 | 4,165 | 41.5% |
Top Export Markets for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc from Sri Lanka in 2022:
- Australia (18.0 units)
- Indonesia (8.0 units)
- Malaysia (5.0 units)
- United Kingdom (4.0 units)
- United Arab Emirates (3.0 units)
- Oman (2.0 units)
- United States (1.0 units)
- Maldives (1.0 units)
- Bangladesh (1.0 units)
- Singapore (1.0 units)
- India (1.0 units)
- Japan (1.0 units)
- Spain (1.0 units)
Imports of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc in Sri Lanka
In 2022, approx. 53 units of vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity exceeding 3000ccs were imported into Sri Lanka; reducing by -10.2% against 2021. In general, imports saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 31% against the previous year. Over the period under review, imports of reached the peak figure at 64 units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, imports of vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity exceeding 3000ccs declined to $3M in 2022. Over the period under review, imports continue to indicate a perceptible decrease. The most prominent rate of growth was recorded in 2021 with an increase of 77%. As a result, imports reached the peak of $3.4M, and then shrank in the following year.
| Import of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1,016 | 710 | 1,294 | 1,363 | 10.3% |
| South Africa | 758 | 578 | 973 | 1,020 | 10.4% |
| Australia | 101 | 86.7 | 222 | 113 | 3.8% |
| Italy | 59.3 | 57.0 | 107 | 94.1 | 16.6% |
| Bahrain | 68.6 | 48.2 | 74.7 | 72.1 | 1.7% |
| Japan | 129 | 54.3 | 190 | 48.6 | -27.8% |
| Canada | 123 | 24.8 | 29.4 | 21.7 | -43.9% |
| South Korea | 25.0 | 14.6 | 18.9 | 15.2 | -15.3% |
| Malaysia | 8.9 | 6.2 | 9.5 | 9.0 | 0.4% |
| Singapore | 8.9 | 4.9 | 6.0 | 4.6 | -19.7% |
| India | 47.4 | 9.0 | 3.8 | 1.0 | -72.4% |
| Germany | 645 | 3.7 | 1.9 | 0.6 | -90.2% |
| Austria | 0.9 | 0.5 | 0.5 | 0.4 | -23.7% |
| Others | 377 | 321 | 471 | 241 | -13.9% |
| Total | 3,369 | 1,919 | 3,402 | 3,005 | -3.7% |
Top Suppliers of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc to Sri Lanka in 2022:
- South Africa (22.0 units)
- United States (14.0 units)
- Japan (2.0 units)
- Bahrain (1.0 units)
- Canada (1.0 units)
- Australia (1.0 units)
- Italy (1.0 units)
- Singapore (1.0 units)
- India (1.0 units)
- Malaysia (1.0 units)
- Austria (1.0 units)
- Germany (1.0 units)
- South Korea (1.0 units)
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