Price for Machine-Tools; Parts and Accessories, for the Machines of Heading No. 8464 in Sri Lanka - 2022
Contents:
- Price for Machine-Tools; Parts and Accessories, for the Machines of Heading No. 8464 in Sri Lanka (CIF) - 2022
- Price for Machine-Tools; Parts and Accessories, for the Machines of Heading No. 8464 in Sri Lanka (FOB) - 2022
- Imports of Machine-Tools; Parts and Accessories, for the Machines of Heading No. 8464 in Sri Lanka
- Exports of Machine-Tools; Parts and Accessories, for the Machines of Heading No. 8464 in Sri Lanka
Price for Machine-Tools; Parts and Accessories, for the Machines of Heading No. 8464 in Sri Lanka (CIF) - 2022
In 2022, the average import price for machine-tools; parts and accessories, for the machines of heading no. 8464 amounted to $13,021 per ton, growing by 38% against the previous year. In general, the import price, however, saw a pronounced reduction. The growth pace was the most rapid in 2016 an increase of 61% against the previous year. As a result, import price reached the peak level of $22,943 per ton. From 2017 to 2022, the average import prices failed to regain momentum.
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 Germany ($58,120 per ton), while the price for South Korea ($1,812 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+14.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Machine-Tools; Parts and Accessories, for the Machines of Heading No. 8464 in Sri Lanka (FOB) - 2022
In 2022, the average export price for machine-tools; parts and accessories, for the machines of heading no. 8464 amounted to $57,003 per ton, which is down by -13.6% against the previous year. In general, export price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for machine-tools; parts and accessories, for the machines of heading no. 8464 decreased by -28.5% against 2020 indices. The growth pace was the most rapid in 2017 an increase of 81%. Over the period under review, the average export prices reached the peak figure at $79,711 per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Indonesia ($58,364 per ton), while the average price for exports to France ($4,138 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 (+49.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Machine-Tools; Parts and Accessories, for the Machines of Heading No. 8464 in Sri Lanka
In 2022, the amount of machine-tools; parts and accessories, for the machines of heading no. 8464 imported into Sri Lanka shrank notably to 27 tons, falling by -45.9% compared with the previous year. Over the period under review, imports continue to indicate a dramatic setback. The most prominent rate of growth was recorded in 2021 when imports increased by 47%.
In value terms, imports of machine-tools; parts and accessories, for the machines of heading no. 8464 fell markedly to $352K in 2022. In general, imports continue to indicate a dramatic decrease. The most prominent rate of growth was recorded in 2021 when imports increased by 18%.
| Import of Machine-Tools; Parts and Accessories, for the Machines of Heading No. 8464 in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 355 | 217 | 228 | 142 | -26.3% |
| China | 147 | 90.4 | 151 | 116 | -7.6% |
| United Kingdom | 17.8 | 15.7 | 4.5 | 14.5 | -6.6% |
| Singapore | 40.2 | 11.0 | 4.7 | 14.4 | -29.0% |
| India | 99.4 | 1.6 | 16.6 | 10.9 | -52.1% |
| South Korea | 5.8 | 0.1 | 0.9 | 2.4 | -25.5% |
| Hong Kong SAR | 14.3 | 0.8 | 2.8 | 1.0 | -58.8% |
| Austria | 19.1 | 6.0 | 4.2 | N/A | -53.1% |
| Others | 109 | 56.2 | 57.8 | 50.0 | -22.9% |
| Total | 807 | 399 | 470 | 352 | -24.2% |
Top Suppliers of Machine-Tools; Parts and Accessories, for the Machines of Heading No. 8464 to Sri Lanka in 2022:
- China (15.5 tons)
- Italy (5.7 tons)
- United Kingdom (1.4 tons)
- South Korea (1.3 tons)
- India (0.6 tons)
- Singapore (0.5 tons)
- Hong Kong SAR (0.3 tons)
Exports of Machine-Tools; Parts and Accessories, for the Machines of Heading No. 8464 in Sri Lanka
Exports of machine-tools; parts and accessories, for the machines of heading no. 8464 from Sri Lanka surged to 664 kg in 2022, with an increase of 121% compared with 2021. In general, exports recorded a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 134%. The exports peaked in 2022 and are likely to see steady growth in the near future.
In value terms, exports of machine-tools; parts and accessories, for the machines of heading no. 8464 soared to $38K in 2022. Over the period under review, exports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2020 when exports increased by 177% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.
| Export of Machine-Tools; Parts and Accessories, for the Machines of Heading No. 8464 in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 0.9 | 1.6 | 1.1 | 10.4 | 126.1% |
| India | N/A | 0.1 | 0.2 | 4.0 | 532.5% |
| United Arab Emirates | N/A | 0.1 | 1.5 | 3.3 | 474.5% |
| Zambia | N/A | N/A | N/A | 2.0 | 0% |
| Poland | N/A | 0.5 | 0.6 | 1.2 | 54.9% |
| Australia | N/A | N/A | 0.4 | 1.1 | 175.0% |
| Sweden | N/A | N/A | N/A | 0.8 | 0% |
| Canada | N/A | N/A | 0.4 | 0.7 | 75.0% |
| Israel | 0.9 | 5.6 | 8.4 | 0.6 | -12.6% |
| Indonesia | N/A | N/A | N/A | 0.6 | 0% |
| Tanzania | 0.1 | 0.2 | 0.4 | 0.5 | 71.0% |
| Singapore | 0.4 | 0.9 | 1.1 | 0.3 | -9.1% |
| France | N/A | N/A | N/A | 0.1 | 0% |
| Others | 2.1 | 3.1 | 5.9 | 12.4 | 80.7% |
| Total | 4.4 | 12.1 | 19.9 | 37.9 | 105.0% |
Top Export Markets for Machine-Tools; Parts and Accessories, for the Machines of Heading No. 8464 from Sri Lanka in 2022:
- United States (185.0 kg)
- India (71.0 kg)
- United Arab Emirates (58.0 kg)
- Poland (57.0 kg)
- Zambia (35.0 kg)
- Tanzania (34.0 kg)
- France (29.0 kg)
- Australia (19.0 kg)
- Sweden (14.0 kg)
- Canada (12.0 kg)
- Indonesia (11.0 kg)
- Israel (10.0 kg)
- Singapore (5.0 kg)
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