Price for Machinery; Parts of Machinery of Heading No. 8422 in Sri Lanka - 2022

Contents:

  1. Price for Machinery; Parts of Machinery of Heading No. 8422 in Sri Lanka (CIF) - 2022
  2. Price for Machinery; Parts of Machinery of Heading No. 8422 in Sri Lanka (FOB) - 2022
  3. Imports of Machinery; Parts of Machinery of Heading No. 8422 in Sri Lanka
  4. Exports of Machinery; Parts of Machinery of Heading No. 8422 in Sri Lanka

Price for Machinery; Parts of Machinery of Heading No. 8422 in Sri Lanka (CIF) - 2022

The average import price for machinery; parts of machinery of heading no. 8422 stood at $31,727 per ton in 2022, increasing by 8.6% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.6%. The pace of growth appeared the most rapid in 2013 an increase of 43%. The import price peaked at $38,600 per ton in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($273,766 per ton), while the price for India ($10,587 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+4.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Machinery; Parts of Machinery of Heading No. 8422 in Sri Lanka (FOB) - 2022

In 2022, the average export price for machinery; parts of machinery of heading no. 8422 amounted to $14,146 per ton, falling by -46.9% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of 1,197% against the previous year. As a result, the export price attained the peak level of $362,903 per ton. From 2019 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($14,381 per ton), while the average price for exports to Seychelles stood at $6,819 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+48.2%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Machinery; Parts of Machinery of Heading No. 8422 in Sri Lanka

After three years of growth, supplies from abroad of machinery; parts of machinery of heading no. 8422 decreased by -47.6% to 201 tons in 2022. Over the period under review, imports showed a drastic downturn. The growth pace was the most rapid in 2021 with an increase of 43% against the previous year. As a result, imports reached the peak of 383 tons, and then shrank significantly in the following year.

In value terms, imports of machinery; parts of machinery of heading no. 8422 fell remarkably to $6.4M in 2022. Overall, imports showed a deep setback. The pace of growth appeared the most rapid in 2021 when imports increased by 51% against the previous year. As a result, imports reached the peak of $11M, and then dropped rapidly in the following year.

Import of Machinery; Parts of Machinery of Heading No. 8422 in Sri Lanka (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
India3.12.12.81.3-25.1%
Italy1.71.71.30.9-19.1%
Denmark2.11.72.40.9-24.6%
China0.50.40.60.711.9%
Taiwan (Chinese)N/A0.20.20.20.0%
France0.30.20.10.1-30.7%
Others1.81.13.72.38.5%
Total9.57.411.26.4-12.3%

Top Suppliers of Machinery; Parts of Machinery of Heading No. 8422 to Sri Lanka in 2022:

  1. India (126.5 tons)
  2. Denmark (30.2 tons)
  3. China (24.4 tons)
  4. Italy (3.4 tons)
  5. Taiwan (Chinese) (3.3 tons)
  6. France (1.8 tons)

Exports of Machinery; Parts of Machinery of Heading No. 8422 in Sri Lanka

In 2022, overseas shipments of machinery; parts of machinery of heading no. 8422 were finally on the rise to reach 8.6 tons after two years of decline. Over the period under review, exports, however, continue to indicate a dramatic contraction.

In value terms, exports of machinery; parts of machinery of heading no. 8422 shrank slightly to $122K in 2022. In general, exports, however, saw a sharp contraction.

Export of Machinery; Parts of Machinery of Heading No. 8422 in Sri Lanka (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Germany3.11.10.10.1-68.2%
SeychellesN/AN/AN/AN/A0%
India7.1N/AN/AN/A0%
DenmarkN/A2.1N/AN/A0%
Maldives0.1N/AN/AN/A0%
Bahrain0.3N/AN/AN/A0%
Others1.12.1N/AN/A90.9%
Total11.75.40.10.1-79.6%

Top Export Markets for Machinery; Parts of Machinery of Heading No. 8422 from Sri Lanka in 2022:

  1. Germany (8.0 tons)
  2. Seychelles (0.6 tons)

Source: IndexBox Market Intelligence Platform

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