Price for Clasps and Frames with Clasps; Incorporating Locks, of Base Metal in Sri Lanka - 2022

Contents:

  1. Price for Clasps and Frames with Clasps; Incorporating Locks, of Base Metal in Sri Lanka (CIF) - 2022
  2. Price for Clasps and Frames with Clasps; Incorporating Locks, of Base Metal in Sri Lanka (FOB) - 2022
  3. Imports of Clasps and Frames with Clasps; Incorporating Locks, of Base Metal in Sri Lanka
  4. Exports of Clasps and Frames with Clasps; Incorporating Locks, of Base Metal in Sri Lanka

Price for Clasps and Frames with Clasps; Incorporating Locks, of Base Metal in Sri Lanka (CIF) - 2022

The average import price for clasps and frames with clasps stood at $6,119 per ton in 2022, reducing by -31.6% against the previous year. In general, the import price, however, saw a mild increase. The pace of growth was the most pronounced in 2021 when the average import price increased by 268% against the previous year. The import price peaked at $10,980 per ton in 2017; however, from 2018 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 Singapore ($18,323 per ton), while the price for China ($896 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (-0.7%), while the prices for the other major suppliers experienced a decline.

Price for Clasps and Frames with Clasps; Incorporating Locks, of Base Metal in Sri Lanka (FOB) - 2022

In 2022, the average export price for clasps and frames with clasps amounted to $12,829 per ton, declining by -28.2% against the previous year. In general, the export price, however, continues to indicate prominent growth. The most prominent rate of growth was recorded in 2014 an increase of 80% against the previous year. Over the period under review, the average export prices hit record highs at $17,861 per ton in 2021, and then declined significantly 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 France ($236,667 per ton), while the average price for exports to Maldives ($4,389 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+64.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Clasps and Frames with Clasps; Incorporating Locks, of Base Metal in Sri Lanka

Imports of clasps and frames with clasps into Sri Lanka surged to 2.3 tons in 2022, rising by 167% against 2021 figures. Over the period under review, imports, however, recorded a significant curtailment.

In value terms, imports of clasps and frames with clasps soared to $14K in 2022. In general, imports, however, saw a precipitous descent.

Import of Clasps and Frames with Clasps; Incorporating Locks, of Base Metal in Sri Lanka (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Switzerland38.621.93.15.8-46.8%
Singapore63.823.23.25.7-55.3%
China21.365.00.10.5-71.4%
India7.50.50.50.3-65.8%
Others36.44.50.71.5-65.5%
Total1681157.613.9-56.4%

Top Suppliers of Clasps and Frames with Clasps; Incorporating Locks, of Base Metal to Sri Lanka in 2022:

  1. Switzerland (1264.0 kg)
  2. China (529.0 kg)
  3. Singapore (310.0 kg)
  4. India (93.0 kg)

Exports of Clasps and Frames with Clasps; Incorporating Locks, of Base Metal in Sri Lanka

In 2022, exports of clasps and frames with clasps from Sri Lanka soared to 129 kg, jumping by 258% against the previous year's figure. Over the period under review, exports posted significant growth.

In value terms, exports of clasps and frames with clasps soared to $1.7K in 2022. Overall, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 327%. As a result, the exports attained the peak of $2.2K. From 2021 to 2022, the growth of the exports of failed to regain momentum.

Export of Clasps and Frames with Clasps; Incorporating Locks, of Base Metal in Sri Lanka (USD)
COUNTRY2019202020212022CAGR,
2019-2022
France2241,20024171046.9%
SwedenN/A66.081.0370136.8%
Maldives57.048217231677.0%
Bangladesh16037175.022011.2%
NetherlandsN/AN/AN/A19.00%
Others68.055.074.020.0-33.5%
Total5092,1746431,65548.1%

Top Export Markets for Clasps and Frames with Clasps; Incorporating Locks, of Base Metal from Sri Lanka in 2022:

  1. Maldives (72.0 kg)
  2. Sweden (30.0 kg)
  3. Bangladesh (20.0 kg)
  4. France (3.0 kg)
  5. Netherlands (2.0 kg)

Source: IndexBox Market Intelligence Platform

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