Price for Machine-Tools; Parts and Accessories, Tool Holders and Self-Opening Dieheads in Sri Lanka - 2022

Contents:

1. Price for Machine-Tools; Parts and Accessories, Tool Holders and Self-Opening Dieheads in Sri Lanka (CIF) - 2022
2. Price for Machine-Tools; Parts and Accessories, Tool Holders and Self-Opening Dieheads in Sri Lanka (FOB) - 2022
3. Imports of Machine-Tools; Parts and Accessories, Tool Holders and Self-Opening Dieheads in Sri Lanka
4. Exports of Machine-Tools; Parts and Accessories, Tool Holders and Self-Opening Dieheads in Sri Lanka

Price for Machine-Tools; Parts and Accessories, Tool Holders and Self-Opening Dieheads in Sri Lanka (CIF) - 2022

The average import price for machine-tools; parts and accessories, tool holders and self-opening dieheadses stood at $43,969 per ton in 2022, surging by 8.9% against the previous year. Over the period under review, import price indicated a pronounced expansion from 2012 to 2022: its price increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for machine-tools; parts and accessories, tool holders and self-opening dieheadses increased by +60.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by 47% against the previous year. Over the period under review, average import prices hit record highs at $46,515 per ton in 2015; however, from 2016 to 2022, 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 India ($129,112 per ton), while the price for China ($12,947 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+12.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Machine-Tools; Parts and Accessories, Tool Holders and Self-Opening Dieheads in Sri Lanka (FOB) - 2022

The average export price for machine-tools; parts and accessories, tool holders and self-opening dieheadses stood at $90,333 per ton in 2022, increasing by 132% against the previous year. In general, the export price, however, showed a perceptible descent. The growth pace was the most rapid in 2015 an increase of 396%. The export price peaked at $317,143 per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Seychelles ($207,600 per ton), while the average price for exports to Austria ($7,667 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 Seychelles (+143.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machine-Tools; Parts and Accessories, Tool Holders and Self-Opening Dieheads in Sri Lanka

In 2022, the amount of machine-tools; parts and accessories, tool holders and self-opening dieheadses imported into Sri Lanka fell sharply to 7.8 tons, which is down by -39.6% compared with 2021 figures. In general, imports continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2021 when imports increased by 59% against the previous year. As a result, imports attained the peak of 13 tons, and then reduced markedly in the following year.

In value terms, imports of machine-tools; parts and accessories, tool holders and self-opening dieheadses dropped rapidly to $345K in 2022. Over the period under review, imports showed a perceptible slump. The pace of growth was the most pronounced in 2021 with an increase of 134%. As a result, imports reached the peak of $524K, and then shrank remarkably in the following year.

Top Suppliers of Machine-Tools; Parts and Accessories, Tool Holders and Self-Opening Dieheads to Sri Lanka in 2022:

1. China (5121.0 kg)
2. Israel (1256.0 kg)
3. Germany (265.0 kg)
4. Switzerland (226.0 kg)
5. India (224.0 kg)
6. Singapore (219.0 kg)
7. Turkey (187.0 kg)
8. Italy (185.0 kg)
9. Malaysia (99.0 kg)
10. Netherlands (37.0 kg)

Exports of Machine-Tools; Parts and Accessories, Tool Holders and Self-Opening Dieheads in Sri Lanka

In 2022, overseas shipments of machine-tools; parts and accessories, tool holders and self-opening dieheadses decreased by -53.4% to 222 kg, falling for the second consecutive year after two years of growth. Over the period under review, exports, however, continue to indicate a remarkable increase. The growth pace was the most rapid in 2020 when exports increased by 175% against the previous year. As a result, the exports reached the peak of 520 kg. From 2021 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of machine-tools; parts and accessories, tool holders and self-opening dieheadses expanded remarkably to $20K in 2022. Overall, exports, however, recorded a significant expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 267% against the previous year. As a result, the exports attained the peak of $41K. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

Top Export Markets for Machine-Tools; Parts and Accessories, Tool Holders and Self-Opening Dieheads from Sri Lanka in 2022:

1. Canada (149.0 kg)
2. Austria (42.0 kg)
3. Philippines (13.0 kg)
4. Germany (7.0 kg)
5. Seychelles (5.0 kg)
6. Oman (5.0 kg)

Source: IndexBox Market Intelligence Platform