Price for Machinery; Parts of the Machinery of Heading No. 8425 in Sri Lanka - 2022
Contents:
- Price for Machinery; Parts of the Machinery of Heading No. 8425 in Sri Lanka (FOB) - 2022
- Price for Machinery; Parts of the Machinery of Heading No. 8425 in Sri Lanka (CIF) - 2022
- Exports of Machinery; Parts of the Machinery of Heading No. 8425 in Sri Lanka
- Imports of Machinery; Parts of the Machinery of Heading No. 8425 in Sri Lanka
Price for Machinery; Parts of the Machinery of Heading No. 8425 in Sri Lanka (FOB) - 2022
The average export price for machinery; parts of the machinery of heading no. 8425 stood at $3,819 per ton in 2022, growing by 73% against the previous year. Overall, export price indicated a resilient increase from 2012 to 2022: its price increased at an average annual rate of +7.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Pakistan ($6,212 per ton), while the average price for exports to France ($996 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 Singapore (+35.5%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Machinery; Parts of the Machinery of Heading No. 8425 in Sri Lanka (CIF) - 2022
In 2022, the average import price for machinery; parts of the machinery of heading no. 8425 amounted to $23,869 per ton, rising by 126% against the previous year. Overall, the import price enjoyed a remarkable increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
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 the UK ($69,523 per ton), while the price for China ($2,665 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+33.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Machinery; Parts of the Machinery of Heading No. 8425 in Sri Lanka
In 2022, approx. 1.6K tons of machinery; parts of the machinery of heading no. 8425 were exported from Sri Lanka; which is down by -68.2% on the previous year's figure. In general, exports recorded a abrupt curtailment. The pace of growth was the most pronounced in 2021 when exports increased by 215%. As a result, the exports reached the peak of 5K tons, and then plummeted in the following year.
In value terms, exports of machinery; parts of the machinery of heading no. 8425 reduced notably to $6.1M in 2022. Over the period under review, exports saw a pronounced decline. The most prominent rate of growth was recorded in 2021 with an increase of 99%. As a result, the exports reached the peak of $11M, and then dropped remarkably in the following year.
| Export of Machinery; Parts of the Machinery of Heading No. 8425 in Sri Lanka (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | N/A | N/A | 0.1 | 3.3 | 3200.0% |
| Austria | 0.2 | N/A | 1.2 | 1.3 | 86.6% |
| Seychelles | N/A | N/A | N/A | 0.3 | 0% |
| Germany | 5.5 | 4.3 | 0.3 | 0.3 | -62.1% |
| Pakistan | N/A | N/A | N/A | 0.2 | 0% |
| France | N/A | N/A | 2.7 | 0.2 | -92.6% |
| Mongolia | 0.9 | N/A | N/A | N/A | 0% |
| India | N/A | N/A | 3.0 | N/A | 0% |
| Singapore | N/A | 1.2 | 3.6 | N/A | 200.0% |
| Others | 0.1 | 0.1 | 0.2 | 0.5 | 71.0% |
| Total | 6.9 | 5.6 | 11.2 | 6.1 | -4.0% |
Top Export Markets for Machinery; Parts of the Machinery of Heading No. 8425 from Sri Lanka in 2022:
- United States (867.7 tons)
- Austria (216.8 tons)
- France (180.5 tons)
- Seychelles (115.1 tons)
- Germany (103.8 tons)
- Pakistan (35.8 tons)
Imports of Machinery; Parts of the Machinery of Heading No. 8425 in Sri Lanka
In 2022, after three years of growth, there was significant decline in purchases abroad of machinery; parts of the machinery of heading no. 8425, when their volume decreased by -72.8% to 43 tons. In general, imports showed a abrupt decrease. The pace of growth appeared the most rapid in 2021 with an increase of 93% against the previous year. As a result, imports reached the peak of 156 tons, and then declined markedly in the following year.
In value terms, imports of machinery; parts of the machinery of heading no. 8425 dropped dramatically to $1M in 2022. Overall, imports continue to indicate a abrupt shrinkage. The pace of growth appeared the most rapid in 2021 when imports increased by 45%. As a result, imports reached the peak of $1.7M, and then declined markedly in the following year.
| Import of Machinery; Parts of the Machinery of Heading No. 8425 in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 36.1 | 12.8 | 60.3 | 739 | 173.6% |
| Singapore | 513 | 775 | 796 | 79.4 | -46.3% |
| India | 248 | 188 | 370 | 33.0 | -48.9% |
| China | 39.5 | 31.9 | 75.0 | 32.7 | -6.1% |
| Pakistan | N/A | 21.9 | 115 | 23.7 | 4.0% |
| Netherlands | 28.9 | 1.6 | 2.5 | 21.1 | -10.0% |
| Germany | 177 | 25.6 | 66.8 | 16.6 | -54.6% |
| South Korea | 9.5 | 7.7 | 7.7 | 10.8 | 4.4% |
| Others | 156 | 75.9 | 160 | 59.9 | -27.3% |
| Total | 1,208 | 1,141 | 1,653 | 1,016 | -5.6% |
Top Suppliers of Machinery; Parts of the Machinery of Heading No. 8425 to Sri Lanka in 2022:
- China (12.3 tons)
- United Kingdom (10.6 tons)
- Singapore (7.2 tons)
- India (5.0 tons)
- Pakistan (1.6 tons)
- South Korea (1.6 tons)
- Netherlands (1.3 tons)
- Germany (0.4 tons)
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