Price for Compression-ignition internal combustion piston engines (diesel or semi-diesel engines) for marine propulsion in Sri Lanka - 2022

Contents:

1. Price for Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) for Marine Propulsion in Sri Lanka (CIF) - 2022
2. Price for Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) for Marine Propulsion in Sri Lanka (FOB) - 2022
3. Imports of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) for Marine Propulsion in Sri Lanka
4. Exports of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) for Marine Propulsion in Sri Lanka

Price for Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) for Marine Propulsion in Sri Lanka (CIF) - 2022

In 2022, the average import price for compression-ignition internal combustion piston engines (diesel or semi-diesel engines) for marine propulsion amounted to $21,545 per unit, with an increase of 48% against the previous year. Overall, the import price, however, showed a deep contraction. The growth pace was the most rapid in 2019 when the average import price increased by 216%. Over the period under review, average import prices hit record highs at $39,725 per unit in 2015; however, from 2016 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 South Korea ($18,304 per unit), while the price for Vietnam ($2,025 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+5.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) for Marine Propulsion in Sri Lanka (FOB) - 2022

The average export price for compression-ignition internal combustion piston engines (diesel or semi-diesel engines) for marine propulsion stood at $3,308 per unit in 2022, declining by -50.1% against the previous year. Overall, the export price showed a noticeable descent. The pace of growth appeared the most rapid in 2020 an increase of 27%. Over the period under review, the average export prices reached the peak figure at $6,631 per unit in 2021, and then reduced sharply in the following year.

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 -5.4% per year.

Imports of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) for Marine Propulsion in Sri Lanka

In 2022, imports of compression-ignition internal combustion piston engines (diesel or semi-diesel engines) for marine propulsion into Sri Lanka contracted sharply to 201 units, with a decrease of -19.6% compared with the previous year. Overall, imports recorded a abrupt decline. The growth pace was the most rapid in 2021 when imports increased by 1.6% against the previous year. Over the period under review, imports of attained the maximum at 259 units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, imports of compression-ignition internal combustion piston engines (diesel or semi-diesel engines) for marine propulsion skyrocketed to $4.3M in 2022. Over the period under review, imports recorded a deep setback. Over the period under review, imports of attained the maximum at $5.4M in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Top Suppliers of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) for Marine Propulsion to Sri Lanka in 2022:

1. Japan (67.0 units)
2. China (65.0 units)
3. South Korea (44.0 units)
4. Netherlands (10.0 units)
5. Vietnam (6.0 units)

Exports of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) for Marine Propulsion in Sri Lanka

In 2022, exports of compression-ignition internal combustion piston engines (diesel or semi-diesel engines) for marine propulsion from Sri Lanka amounted to 33 units, almost unchanged from the previous year. Over the period under review, exports saw a dramatic shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 450%. Over the period under review, the exports of attained the maximum at 73 units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, exports of compression-ignition internal combustion piston engines (diesel or semi-diesel engines) for marine propulsion declined rapidly to $109K in 2022. Overall, exports recorded a sharp decline. The pace of growth was the most pronounced in 2021 with an increase of 582% against the previous year. Over the period under review, the exports of attained the maximum at $307K in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Top Export Markets for Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) for Marine Propulsion from Sri Lanka in 2022:

1. Maldives (33.0 units)

Source: IndexBox Market Intelligence Platform