Sri Lanka - Vehicles Not Mechanically Propelled - Market Analysis, Forecast, Size, Trends And Insights
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View PricingNon-Propelled Vehicle Price in Sri Lanka - 2021
Contents:
- Non-Propelled Vehicle Price in Sri Lanka (CIF) - 2022
- Non-Propelled Vehicle Price in Sri Lanka (FOB) - 2022
- Non-Propelled Vehicle Imports in Sri Lanka
- Non-Propelled Vehicle Exports in Sri Lanka
Non-Propelled Vehicle Price in Sri Lanka (CIF) - 2022
In 2022, the average non-propelled vehicle import price amounted to $70 per unit, growing by 5.9% against the previous year. Over the last decade, it increased at an average annual rate of +1.9%. The most prominent rate of growth was recorded in 2013 an increase of 9.7%. Over the period under review, average import prices attained the peak figure at $72 per unit in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were India ($69 per unit) and the United States ($69 per unit), while the price for the UK ($69 per unit) and China ($69 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+2.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Non-Propelled Vehicle Price in Sri Lanka (FOB) - 2022
In 2022, the average non-propelled vehicle export price amounted to $81 per unit, picking up by 10% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average export price increased by 69%. The export price peaked at $114 per unit in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Seychelles ($185 per unit), while the average price for exports to Australia ($79 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 Switzerland (+19.1%), while the prices for the other major destinations experienced more modest paces of growth.
Non-Propelled Vehicle Imports in Sri Lanka
Non-propelled vehicle imports into Sri Lanka fell dramatically to 7.4K units in 2022, shrinking by -56.8% compared with the previous year. In general, imports recorded a precipitous decline. The pace of growth appeared the most rapid in 2021 when imports increased by 5.7% against the previous year. Over the period under review, imports hit record highs at 28K units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, non-propelled vehicle imports declined sharply to $515K in 2022. Over the period under review, imports showed a dramatic downturn. The pace of growth appeared the most rapid in 2021 when imports increased by 9.5%. Imports peaked at $1.8M in 2019; however, from 2020 to 2022, imports failed to regain momentum.
| Import of Non-Propelled Vehicle in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,380 | 796 | 830 | 367 | -35.7% |
| India | 10.0 | 25.6 | 26.7 | 30.5 | 45.0% |
| United States | 33.7 | 10.3 | 21.6 | 30.5 | -3.3% |
| Germany | 11.9 | 26.9 | 22.6 | 27.2 | 31.7% |
| South Korea | 9.4 | 2.9 | 14.3 | 24.7 | 38.0% |
| Taiwan (Chinese) | 13.8 | 2.0 | 5.5 | 9.6 | -11.4% |
| Japan | 110 | 1.0 | 5.7 | 0.5 | -83.4% |
| Others | 219 | 163 | 199 | 25.1 | -51.4% |
| Total | 1,788 | 1,027 | 1,125 | 515 | -34.0% |
Top Suppliers of Non-Propelled Vehicle to Sri Lanka in 2022:
- China (5282.0 units)
- India (439.0 units)
- United States (439.0 units)
- Germany (391.0 units)
- South Korea (356.0 units)
- Taiwan (Chinese) (138.0 units)
- Japan (7.0 units)
Non-Propelled Vehicle Exports in Sri Lanka
In 2022, overseas shipments of vehicles not mechanically propelled were finally on the rise to reach 525 units for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, saw a dramatic slump. The exports peaked at 1.5K units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, non-propelled vehicle exports expanded sharply to $43K in 2022. Overall, exports, however, showed a dramatic decline. The exports peaked at $123K in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
| Export of Non-Propelled Vehicle in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 3.5 | 3.7 | 3.3 | 34.4 | 114.2% |
| Maldives | 3.9 | 0.3 | 4.1 | 3.5 | -3.5% |
| Seychelles | 0.8 | 0.4 | 0.1 | 2.0 | 35.7% |
| India | 10.5 | N/A | 1.6 | 1.6 | -46.6% |
| Australia | 3.7 | 1.6 | 0.6 | 1.1 | -33.3% |
| Switzerland | 29.4 | 12.6 | 3.7 | N/A | -64.5% |
| Netherlands | 16.8 | 12.6 | 8.1 | N/A | -30.6% |
| Norway | 6.3 | 4.2 | 2.4 | N/A | -38.3% |
| Malaysia | 3.4 | 2.0 | 1.0 | N/A | -45.8% |
| Oman | 13.1 | 17.6 | 9.6 | N/A | -14.4% |
| Qatar | 19.5 | 10.0 | N/A | N/A | -48.7% |
| Others | 12.4 | 3.9 | 2.8 | N/A | -52.5% |
| Total | 123 | 68.9 | 37.3 | 42.6 | -29.8% |
Top Export Markets for Non-Propelled Vehicle from Sri Lanka in 2022:
- France (435.0 units)
- Maldives (44.0 units)
- India (21.0 units)
- Australia (14.0 units)
- Seychelles (11.0 units)
This report provides an in-depth analysis of the non-propelled vehicle market in Sri Lanka. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 30991000 - Vehicles not mechanically propelled including industry trolleys, barrows, luggage trucks, hopper-trucks, hand pulled golf trolleys excluding shopping trolleys
Country coverage:
- Sri Lanka
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Sri Lanka
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
-
1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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