Price for Calculating Machines; Parts and Accessories of Item No. 8470.10, 8470.21 or 8470.29 in Sri Lanka - 2022

Contents:

  1. Price for Calculating Machines; Parts and Accessories of Item No. 8470.10, 8470.21 or 8470.29 in Sri Lanka (CIF) - 2022
  2. Price for Calculating Machines; Parts and Accessories of Item No. 8470.10, 8470.21 or 8470.29 in Sri Lanka (FOB) - 2022
  3. Imports of Calculating Machines; Parts and Accessories of Item No. 8470.10, 8470.21 or 8470.29 in Sri Lanka
  4. Exports of Calculating Machines; Parts and Accessories of Item No. 8470.10, 8470.21 or 8470.29 in Sri Lanka

Price for Calculating Machines; Parts and Accessories of Item No. 8470.10, 8470.21 or 8470.29 in Sri Lanka (CIF) - 2022

The average import price for calculating machines; parts and accessories of item no. 8470.10, 8470.21 or 8470.29 stood at $59,746 per ton in 2022, waning by -29.5% against the previous year. Overall, the import price, however, recorded a notable increase. The growth pace was the most rapid in 2017 when the average import price increased by 61%. The import price peaked at $84,717 per ton in 2021, and then fell notably in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Taiwan (Chinese) ($62,400 per ton), while the price for Singapore ($1,000 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+0.4%), while the prices for the other major suppliers experienced a decline.

Price for Calculating Machines; Parts and Accessories of Item No. 8470.10, 8470.21 or 8470.29 in Sri Lanka (FOB) - 2022

In 2022, the average export price for calculating machines; parts and accessories of item no. 8470.10, 8470.21 or 8470.29 amounted to $108,375 per ton, picking up by 10% against the previous year. In general, the export price continues to indicate a significant increase. The pace of growth was the most pronounced in 2013 when the average export price increased by 2,488% against the previous year. The export price peaked at $439,500 per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Slovakia.

From 2012 to 2022, the rate of growth in terms of prices for Slovakia amounted to +11.9% per year.

Imports of Calculating Machines; Parts and Accessories of Item No. 8470.10, 8470.21 or 8470.29 in Sri Lanka

In 2022, purchases abroad of calculating machines; parts and accessories of item no. 8470.10, 8470.21 or 8470.29 increased by 46% to 67 kg for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, continue to indicate a precipitous descent.

In value terms, imports of calculating machines; parts and accessories of item no. 8470.10, 8470.21 or 8470.29 reached $4K in 2022. In general, imports, however, continue to indicate a sharp contraction.

Import of Calculating Machines; Parts and Accessories of Item No. 8470.10, 8470.21 or 8470.29 in Sri Lanka (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Taiwan (Chinese)19.28.8N/A2.8-47.4%
United Arab Emirates3.01.21.00.3-53.6%
Others6.32.72.80.9-47.7%
Total28.512.73.94.0-48.0%

Top Suppliers of Calculating Machines; Parts and Accessories of Item No. 8470.10, 8470.21 or 8470.29 to Sri Lanka in 2022:

  1. Taiwan (Chinese) (45.0 kg)
  2. United Arab Emirates (10.0 kg)

Exports of Calculating Machines; Parts and Accessories of Item No. 8470.10, 8470.21 or 8470.29 in Sri Lanka

After three years of growth, overseas shipments of calculating machines; parts and accessories of item no. 8470.10, 8470.21 or 8470.29 decreased by -52.9% to 8 kg in 2022. Over the period under review, exports, however, saw a significant increase. The pace of growth was the most pronounced in 2021 when exports increased by 325%. As a result, the exports attained the peak of 17 kg, and then reduced markedly in the following year.

In value terms, exports of calculating machines; parts and accessories of item no. 8470.10, 8470.21 or 8470.29 fell dramatically to $867 in 2022. In general, exports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 2,687%. As a result, the exports attained the peak of $1.7K, and then reduced notably in the following year.

Export of Calculating Machines; Parts and Accessories of Item No. 8470.10, 8470.21 or 8470.29 in Sri Lanka (USD)
COUNTRY2019202020212022CAGR,
2019-2022
Slovakia47418.01,67271614.7%
AustraliaN/A40.0N/AN/A0%
IndiaN/A1.0N/AN/A0%
MaldivesN/A1.0N/AN/A0%
OthersN/AN/AN/A1510%
Total47460.01,67286722.3%

Top Export Markets for Calculating Machines; Parts and Accessories of Item No. 8470.10, 8470.21 or 8470.29 from Sri Lanka in 2022:

  1. Slovakia (8.0 kg)

Source: IndexBox Market Intelligence Platform

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