Price for Harrows; (Excluding Disc), Scarifiers, Cultivators, Weeders and Hoes in Sri Lanka - 2022

Contents:

  1. Price for Harrows; (Excluding Disc), Scarifiers, Cultivators, Weeders and Hoes in Sri Lanka (CIF) - 2022
  2. Price for Harrows; (Excluding Disc), Scarifiers, Cultivators, Weeders and Hoes in Sri Lanka (FOB) - 2022
  3. Imports of Harrows; (Excluding Disc), Scarifiers, Cultivators, Weeders and Hoes in Sri Lanka
  4. Exports of Harrows; (Excluding Disc), Scarifiers, Cultivators, Weeders and Hoes in Sri Lanka

Price for Harrows; (Excluding Disc), Scarifiers, Cultivators, Weeders and Hoes in Sri Lanka (CIF) - 2022

The average import price for harrows; (excluding disc), scarifiers, cultivators, weeders and hoeses stood at $167 per unit in 2022, with an increase of 14% against the previous year. In general, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2014 an increase of 33%. Over the period under review, average import prices hit record highs at $302 per unit in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($762 per unit), while the price for Vietnam ($77 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+8.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Harrows; (Excluding Disc), Scarifiers, Cultivators, Weeders and Hoes in Sri Lanka (FOB) - 2022

The average export price for harrows; (excluding disc), scarifiers, cultivators, weeders and hoeses stood at $1,444 per unit in 2022, picking up by 65% against the previous year. Over the period under review, the export price posted resilient growth. The most prominent rate of growth was recorded in 2018 an increase of 258% against the previous year. The export price peaked in 2022 and is expected to retain growth in the immediate term.

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

From 2012 to 2022, the rate of growth in terms of prices for China amounted to +85.0% per year.

Imports of Harrows; (Excluding Disc), Scarifiers, Cultivators, Weeders and Hoes in Sri Lanka

Imports of harrows; (excluding disc), scarifiers, cultivators, weeders and hoeses into Sri Lanka skyrocketed to 23K units in 2022, jumping by 20% against 2021 figures. In general, imports, however, showed a deep contraction. Over the period under review, imports of reached the maximum at 30K units in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of harrows; (excluding disc), scarifiers, cultivators, weeders and hoeses skyrocketed to $3.8M in 2022. Overall, imports, however, recorded a drastic downturn. Imports peaked at $5M in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Import of Harrows; (Excluding Disc), Scarifiers, Cultivators, Weeders and Hoes in Sri Lanka (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
India2,7652,9191,7891,609-16.5%
Japan1,1471,4207001,4047.0%
China4963751526217.8%
Vietnam71.573.339.938.4-18.7%
Others42.721766.291.228.8%
Total4,5225,0052,7473,764-5.9%

Top Suppliers of Harrows; (Excluding Disc), Scarifiers, Cultivators, Weeders and Hoes to Sri Lanka in 2022:

  1. India (15.7K units)
  2. China (4.4K units)
  3. Japan (1.8K units)
  4. Vietnam (0.5K units)

Exports of Harrows; (Excluding Disc), Scarifiers, Cultivators, Weeders and Hoes in Sri Lanka

Exports of harrows; (excluding disc), scarifiers, cultivators, weeders and hoeses from Sri Lanka surged to 2 units in 2022, growing by 100% compared with 2021. In general, exports, however, faced a abrupt contraction. Over the period under review, the exports of attained the maximum at 3 units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, exports of harrows; (excluding disc), scarifiers, cultivators, weeders and hoeses surged to $2.9K in 2022. Overall, exports showed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Export of Harrows; (Excluding Disc), Scarifiers, Cultivators, Weeders and Hoes in Sri Lanka (USD)
COUNTRY2019202020212022CAGR,
2019-2022
ChinaN/AN/AN/A2,8870%
Sierra Leone175N/AN/AN/A0%
Philippines404N/AN/AN/A0%
Maldives8.0669874N/A945.2%
OthersN/AN/AN/AN/A0%
Total5876698742,88770.1%

Top Export Markets for Harrows; (Excluding Disc), Scarifiers, Cultivators, Weeders and Hoes from Sri Lanka in 2022:

  1. China (2.0 units)

Source: IndexBox Market Intelligence Platform

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