Price for Cameras, Photographic (Excluding Cinematographic); Parts and Accessories in Sri Lanka - 2022

Contents:

  1. Price for Cameras, Photographic (Excluding Cinematographic); Parts and Accessories in Sri Lanka (CIF) - 2022
  2. Price for Cameras, Photographic (Excluding Cinematographic); Parts and Accessories in Sri Lanka (FOB) - 2022
  3. Imports of Cameras, Photographic (Excluding Cinematographic); Parts and Accessories in Sri Lanka
  4. Exports of Cameras, Photographic (Excluding Cinematographic); Parts and Accessories in Sri Lanka

Price for Cameras, Photographic (Excluding Cinematographic); Parts and Accessories in Sri Lanka (CIF) - 2022

The average import price for cameras, photographic (excluding cinematographic); parts and accessorieses stood at $23 per unit in 2022, rising by 20% against the previous year. Overall, the import price saw a pronounced expansion. The pace of growth appeared the most rapid in 2017 when the average import price increased by 128%. The import price peaked at $27 per unit in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United Arab Emirates ($53 per unit), while the price for China ($2 per unit) 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 (+3.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Cameras, Photographic (Excluding Cinematographic); Parts and Accessories in Sri Lanka (FOB) - 2022

The average export price for cameras, photographic (excluding cinematographic); parts and accessorieses stood at $20 per unit in 2022, which is down by -3.6% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average export price increased by 93% against the previous year. The export price peaked at $26 per unit in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Maldives amounted to -2.6% per year.

Imports of Cameras, Photographic (Excluding Cinematographic); Parts and Accessories in Sri Lanka

In 2022, the amount of cameras, photographic (excluding cinematographic); parts and accessorieses imported into Sri Lanka soared to 31K units, with an increase of 30% on 2021 figures. In general, imports showed a significant expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 90%. Imports peaked in 2022 and are likely to continue growth in years to come.

In value terms, imports of cameras, photographic (excluding cinematographic); parts and accessorieses skyrocketed to $738K in 2022. Over the period under review, imports recorded a significant expansion. The growth pace was the most rapid in 2021 when imports increased by 132% against the previous year. Imports peaked in 2022 and are likely to continue growth in years to come.

Import of Cameras, Photographic (Excluding Cinematographic); Parts and Accessories in Sri Lanka (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Singapore35818943971626.0%
China13.612.317.48.6-14.2%
Others20.21.314.212.8-14.1%
Total39220347073823.5%

Top Suppliers of Cameras, Photographic (Excluding Cinematographic); Parts and Accessories to Sri Lanka in 2022:

  1. Singapore (26.7K units)
  2. China (4.4K units)

Exports of Cameras, Photographic (Excluding Cinematographic); Parts and Accessories in Sri Lanka

Exports of cameras, photographic (excluding cinematographic); parts and accessorieses from Sri Lanka surged to 1.1K units in 2022, growing by 20% on the previous year. Overall, exports posted significant growth. The growth pace was the most rapid in 2020 with an increase of 487%. As a result, the exports reached the peak of 1.5K units. From 2021 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of cameras, photographic (excluding cinematographic); parts and accessorieses surged to $21K in 2022. In general, exports posted a significant increase. The growth pace was the most rapid in 2020 with an increase of 383% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

Export of Cameras, Photographic (Excluding Cinematographic); Parts and Accessories in Sri Lanka (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Maldives3.1N/A2.120.688.0%
Switzerland0.2N/AN/AN/A0%
United StatesN/AN/A16.0N/A0%
SingaporeN/A13.6N/AN/A0%
South AfricaN/A0.3N/AN/A0%
OthersN/A1.90.30.5-48.7%
Total3.315.918.421.285.9%

Top Export Markets for Cameras, Photographic (Excluding Cinematographic); Parts and Accessories from Sri Lanka in 2022:

  1. Maldives (1056.0 units)

Source: IndexBox Market Intelligence Platform

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