Price for Yachts and Other Vessels; for Pleasure or Sports, Rowing Boats and Canoes in Sri Lanka - 2022
Contents:
- Price for Yachts and Other Vessels; for Pleasure or Sports, Rowing Boats and Canoes in Sri Lanka (FOB) - 2022
- Price for Yachts and Other Vessels; for Pleasure or Sports, Rowing Boats and Canoes in Sri Lanka (CIF) - 2022
- Exports of Yachts and Other Vessels; for Pleasure or Sports, Rowing Boats and Canoes in Sri Lanka
- Imports of Yachts and Other Vessels; for Pleasure or Sports, Rowing Boats and Canoes in Sri Lanka
Price for Yachts and Other Vessels; for Pleasure or Sports, Rowing Boats and Canoes in Sri Lanka (FOB) - 2022
The average export price for yachts and other vessels; for pleasure or sports, rowing boats and canoeses stood at $1,665 per unit in 2022, picking up by 5.8% against the previous year. Over the period under review, the export price, however, recorded a abrupt downturn. The growth pace was the most rapid in 2018 when the average export price increased by 102%. Over the period under review, the average export prices hit record highs at $8,954 per unit in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.
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 the UK ($6,809 per unit), while the average price for exports to Denmark ($481 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 Canada (+11.0%), while the prices for the other major destinations experienced a decline.
Price for Yachts and Other Vessels; for Pleasure or Sports, Rowing Boats and Canoes in Sri Lanka (CIF) - 2022
In 2022, the average import price for yachts and other vessels; for pleasure or sports, rowing boats and canoeses amounted to $1,383 per unit, waning by -36.7% against the previous year. Over the period under review, the import price, however, recorded a buoyant increase. The most prominent rate of growth was recorded in 2020 when the average import price increased by 109% against the previous year. As a result, import price attained the peak level of $2,468 per unit. From 2021 to 2022, the average import prices failed to regain momentum.
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 Mexico ($10,575 per unit), while the price for Spain ($36 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+38.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Yachts and Other Vessels; for Pleasure or Sports, Rowing Boats and Canoes in Sri Lanka
In 2022, after three years of growth, there was significant decline in overseas shipments of yachts and other vessels; for pleasure or sports, rowing boats and canoeses, when their volume decreased by -28.4% to 1.8K units. In general, exports, however, saw a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 116%. Over the period under review, the exports of attained the maximum at 2.5K units in 2021, and then shrank remarkably in the following year.
In value terms, exports of yachts and other vessels; for pleasure or sports, rowing boats and canoeses contracted markedly to $2.9M in 2022. Overall, exports, however, enjoyed a significant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 190%. As a result, the exports attained the peak of $3.9M, and then contracted rapidly in the following year.
| Export of Yachts and Other Vessels; for Pleasure or Sports, Rowing Boats and Canoes in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 89.5 | 136 | 648 | 1,008 | 124.2% |
| Norway | 48.5 | 92.0 | 78.7 | 315 | 86.6% |
| United Kingdom | 4.3 | 10.9 | 28.5 | 238 | 281.1% |
| Kenya | 315 | 435 | 1,008 | 157 | -20.7% |
| Maldives | 44.9 | 50.2 | 10.9 | 116 | 37.2% |
| Denmark | 13.2 | 4.3 | 33.4 | 91.9 | 90.9% |
| United Arab Emirates | 55.3 | 54.8 | 62.9 | 84.5 | 15.2% |
| South Korea | 34.3 | 23.6 | 40.4 | 80.9 | 33.1% |
| Canada | 15.9 | 9.3 | 61.7 | 69.3 | 63.3% |
| Germany | 76.7 | 15.7 | 89.2 | 66.0 | -4.9% |
| Sweden | 51.9 | 12.6 | 27.6 | 58.7 | 4.2% |
| Finland | 9.6 | 8.6 | 24.5 | 41.4 | 62.8% |
| Netherlands | 15.8 | 15.6 | 21.6 | 35.2 | 30.6% |
| Others | 496 | 464 | 1,732 | 567 | 4.6% |
| Total | 1,271 | 1,332 | 3,867 | 2,928 | 32.1% |
Top Export Markets for Yachts and Other Vessels; for Pleasure or Sports, Rowing Boats and Canoes from Sri Lanka in 2022:
- France (311.0 units)
- Norway (283.0 units)
- Kenya (214.0 units)
- Denmark (191.0 units)
- United Arab Emirates (117.0 units)
- Germany (98.0 units)
- Finland (85.0 units)
- Canada (80.0 units)
- South Korea (68.0 units)
- Maldives (62.0 units)
- Sweden (53.0 units)
- Netherlands (35.0 units)
- United Kingdom (35.0 units)
Imports of Yachts and Other Vessels; for Pleasure or Sports, Rowing Boats and Canoes in Sri Lanka
In 2022, approx. 143 units of yachts and other vessels; for pleasure or sports, rowing boats and canoeses were imported into Sri Lanka; which is down by -65.5% on 2021. Overall, imports saw a abrupt slump. The pace of growth was the most pronounced in 2021 with an increase of 127% against the previous year. As a result, imports attained the peak of 414 units, and then reduced rapidly in the following year.
In value terms, imports of yachts and other vessels; for pleasure or sports, rowing boats and canoeses shrank dramatically to $198K in 2022. In general, imports faced a abrupt shrinkage. The pace of growth was the most pronounced in 2021 with an increase of 101% against the previous year. As a result, imports attained the peak of $905K, and then shrank markedly in the following year.
| Import of Yachts and Other Vessels; for Pleasure or Sports, Rowing Boats and Canoes in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 1.1 | 94.1 | 258 | 78.7 | 315.1% |
| Mexico | 77.0 | 188 | 337 | 42.3 | -18.1% |
| United States | 7.8 | 30.8 | 51.6 | 20.7 | 38.4% |
| Vietnam | 16.5 | 23.0 | 38.2 | 13.9 | -5.6% |
| Thailand | 11.4 | 15.3 | 24.6 | 8.6 | -9.0% |
| Germany | 14.1 | 16.5 | 23.0 | 7.0 | -20.8% |
| Norway | 5.9 | 4.1 | 6.9 | 3.1 | -19.3% |
| Taiwan (Chinese) | 1.5 | 2.4 | 6.3 | 1.9 | 8.2% |
| Japan | 3.7 | 3.9 | 65.7 | 1.8 | -21.4% |
| South Korea | 2.1 | 2.8 | 4.3 | 1.5 | -10.6% |
| China | 49.4 | 13.0 | 16.6 | 0.5 | -78.4% |
| Australia | 43.0 | 0.5 | 0.4 | N/A | -90.4% |
| Others | 62.5 | 54.7 | 71.9 | 17.7 | -34.3% |
| Total | 296 | 449 | 905 | 198 | -12.5% |
Top Suppliers of Yachts and Other Vessels; for Pleasure or Sports, Rowing Boats and Canoes to Sri Lanka in 2022:
- Canada (77.0 units)
- Vietnam (10.0 units)
- Thailand (8.0 units)
- Taiwan (Chinese) (7.0 units)
- Norway (6.0 units)
- Mexico (4.0 units)
- United States (3.0 units)
- South Korea (3.0 units)
- Germany (3.0 units)
- China (2.0 units)
- Australia (1.0 units)
- Japan (1.0 units)
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