Price for Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg in Sri Lanka - 2022

Contents:

1. Price for Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg in Sri Lanka (CIF) - 2022
2. Price for Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg in Sri Lanka (FOB) - 2022
3. Imports of Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg in Sri Lanka
4. Exports of Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg in Sri Lanka

Price for Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg in Sri Lanka (CIF) - 2022

The average import price for weighing machines; having a maximum weighing capacity exceeding 5000kgs stood at $558 per unit in 2022, which is down by -39.9% against the previous year. In general, the import price showed a pronounced reduction. The pace of growth appeared the most rapid in 2020 an increase of 130%. Over the period under review, average import prices attained the peak figure at $1,639 per unit in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Denmark ($3,130 per unit), while the price for Thailand ($128 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 (+15.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg in Sri Lanka (FOB) - 2022

The average export price for weighing machines; having a maximum weighing capacity exceeding 5000kgs stood at $353 per unit in 2022, with a decrease of -2.7% against the previous year. Overall, the export price, however, continues to indicate a measured expansion. The pace of growth appeared the most rapid in 2021 an increase of 113%. As a result, the export price attained the peak level of $363 per unit, and then dropped in the following year.

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 India ($1,371 per unit), while the average price for exports to Bangladesh ($1 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 India (+79.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg in Sri Lanka

In 2022, purchases abroad of weighing machines; having a maximum weighing capacity exceeding 5000kgs was finally on the rise to reach 390 units after two years of decline. Over the period under review, imports, however, faced a significant decline. Over the period under review, imports of hit record highs at 1.3K units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, imports of weighing machines; having a maximum weighing capacity exceeding 5000kgs soared to $218K in 2022. In general, imports, however, recorded a sharp reduction. Imports peaked at $705K in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Top Suppliers of Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg to Sri Lanka in 2022:

1. China (169.0 units)
2. Thailand (84.0 units)
3. India (50.0 units)
4. Turkey (30.0 units)
5. South Korea (16.0 units)
6. Japan (11.0 units)

Exports of Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg in Sri Lanka

Exports of weighing machines; having a maximum weighing capacity exceeding 5000kgs from Sri Lanka surged to 66 units in 2022, increasing by 53% against the year before. Over the period under review, total exports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +10.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +73.7% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of weighing machines; having a maximum weighing capacity exceeding 5000kgs surged to $23K in 2022. Overall, exports showed a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 141%. The exports peaked in 2022 and are expected to retain growth in the near future.

Top Export Markets for Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg from Sri Lanka in 2022:

1. United States (26.0 units)
2. South Korea (6.0 units)
3. India (5.0 units)
4. Netherlands (3.0 units)
5. Canada (1.0 units)
6. Ireland (1.0 units)
7. Australia (1.0 units)
8. Bangladesh (1.0 units)
9. Ethiopia (1.0 units)
10. China (1.0 units)
11. Chile (1.0 units)
12. Kenya (1.0 units)
13. Germany (1.0 units)

Source: IndexBox Market Intelligence Platform