Price for Milking Machines and Dairy Machinery in Sri Lanka - 2021
Contents:
- Price for Milking Machines and Dairy Machinery in Sri Lanka (CIF) - 2022
- Price for Milking Machines and Dairy Machinery in Sri Lanka (FOB) - 2022
- Imports of Milking Machines and Dairy Machinery in Sri Lanka
- Exports of Milking Machines and Dairy Machinery in Sri Lanka
Price for Milking Machines and Dairy Machinery in Sri Lanka (CIF) - 2022
The average import price for milking machines and dairy machineries stood at $6,208 per unit in 2022, which is down by -8.6% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 an increase of 36% against the previous year. As a result, import price attained the peak level of $8,698 per unit. From 2015 to 2022, the average import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($10,329 per unit), while the price for China ($4,199 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+6.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Milking Machines and Dairy Machinery in Sri Lanka (FOB) - 2022
The average export price for milking machines and dairy machineries stood at $156 per unit in 2022, waning by -76.9% against the previous year. Overall, the export price showed a deep setback. The most prominent rate of growth was recorded in 2016 an increase of 2,148%. As a result, the export price attained the peak level of $7,904 per unit. From 2017 to 2022, the average export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for Hong Kong SAR.
From 2012 to 2022, the rate of growth in terms of prices for Russia amounted to +2,253.9% per year.
Imports of Milking Machines and Dairy Machinery in Sri Lanka
In 2022, overseas purchases of milking machines and dairy machineries decreased by -57.9% to 474 units for the first time since 2018, thus ending a three-year rising trend. In general, imports recorded a deep setback. The growth pace was the most rapid in 2020 when imports increased by 49% against the previous year. Over the period under review, imports attained the peak figure at 1.1K units in 2021, and then fell notably in the following year.
In value terms, milking machines and dairy machinery imports shrank sharply to $2.9M in 2022. Overall, imports recorded a pronounced downturn. The growth pace was the most rapid in 2020 when imports increased by 76% against the previous year. Over the period under review, imports hit record highs at $7.6M in 2021, and then declined remarkably in the following year.
| Import of Milking Machines and Dairy Machinery in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | N/A | N/A | N/A | 2,140 | 0% |
| India | 214 | 624 | 509 | 225 | 1.7% |
| Italy | 190 | 197 | 274 | 158 | -6.0% |
| United Kingdom | 132 | 37.7 | 73.3 | 131 | -0.3% |
| Turkey | 205 | 402 | 506 | 126 | -15.0% |
| China | 66.9 | 39.9 | 167 | 39.7 | -16.0% |
| Denmark | 132 | 657 | 1,258 | 17.2 | -49.3% |
| Belgium | 937 | 1,500 | 1,791 | N/A | 38.3% |
| Israel | 525 | 541 | 751 | N/A | 19.6% |
| Others | 810 | 1,647 | 2,318 | 103 | -49.7% |
| Total | 3,210 | 5,646 | 7,648 | 2,940 | -2.9% |
Top Suppliers of Milking Machines and Dairy Machinery to Sri Lanka in 2022:
- France (348.0 units)
- India (44.0 units)
- Italy (25.0 units)
- Turkey (24.0 units)
- United Kingdom (13.0 units)
- China (9.0 units)
- Denmark (3.0 units)
Exports of Milking Machines and Dairy Machinery in Sri Lanka
After two years of decline, shipments abroad of milking machines and dairy machineries decreased by -66.7% to 1 units in 2022. In general, exports saw a sharp decline. The smallest decline of -57.1% was in 2020. The exports peaked at 7 units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, milking machines and dairy machinery exports shrank sharply to $171 in 2022. Overall, exports saw a precipitous slump. The smallest decline of -52% was in 2020. Over the period under review, the exports reached the maximum at $38K in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
| Export of Milking Machines and Dairy Machinery in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hong Kong SAR | N/A | N/A | N/A | 0.2 | 0% |
| New Zealand | 26.9 | 13.3 | N/A | N/A | -50.6% |
| Indonesia | 4.3 | N/A | 0.4 | N/A | -69.5% |
| Singapore | N/A | N/A | 0.9 | N/A | 0% |
| Maldives | 0.1 | N/A | N/A | N/A | 0% |
| Canada | 3.5 | 1.3 | 0.7 | N/A | -55.3% |
| Brazil | N/A | N/A | 0.2 | N/A | 0% |
| Others | 3.5 | 3.7 | 0.2 | N/A | -76.1% |
| Total | 38.3 | 18.4 | 2.3 | 0.2 | -82.7% |
Top Export Markets for Milking Machines and Dairy Machinery from Sri Lanka in 2022:
- Hong Kong SAR (1.0 units)
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This report provides an in-depth analysis of the global dairy machinery market.
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This report provides an in-depth analysis of the milking machine market in Sri Lanka.
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This report provides an in-depth analysis of the dairy machinery market in Sri Lanka.
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This report provides an in-depth analysis of the global milking machine market.
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