Price for Railway or Tramway Track Constructions of Iron or Steel in Sri Lanka - 2022

Contents:

1. Price for Railway or Tramway Track Constructions of Iron or Steel in Sri Lanka (CIF) - 2022
2. Price for Railway or Tramway Track Constructions of Iron or Steel in Sri Lanka (FOB) - 2022
3. Imports of Railway or Tramway Track Constructions of Iron or Steel in Sri Lanka
4. Exports of Railway or Tramway Track Constructions of Iron or Steel in Sri Lanka

Price for Railway or Tramway Track Constructions of Iron or Steel in Sri Lanka (CIF) - 2022

The average import price for railway or tramway track constructions of iron or steel stood at $1,780 per ton in 2022, surging by 17% against the previous year. Overall, the import price, however, recorded a mild descent. The pace of growth was the most pronounced in 2021 when the average import price increased by 61%. The import price peaked at $2,425 per ton in 2013; however, from 2014 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 France ($41,322 per ton), while the price for India ($993 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+53.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Railway or Tramway Track Constructions of Iron or Steel in Sri Lanka (FOB) - 2022

In 2022, the average export price for railway or tramway track constructions of iron or steel amounted to $1,542 per ton, therefore, remained relatively stable against the previous year. Overall, the export price saw a perceptible curtailment. The growth pace was the most rapid in 2016 an increase of 70%. Over the period under review, the average export prices hit record highs at $2,378 per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Maldives.

From 2012 to 2022, the rate of growth in terms of prices for Maldives amounted to -7.3% per year.

Imports of Railway or Tramway Track Constructions of Iron or Steel in Sri Lanka

In 2022, supplies from abroad of railway or tramway track constructions of iron or steel decreased by -75.8% to 506 tons, falling for the second year in a row after two years of growth. Over the period under review, imports showed a significant contraction. The pace of growth appeared the most rapid in 2020 with an increase of 320% against the previous year. As a result, imports reached the peak of 20K tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of railway or tramway track constructions of iron or steel dropped sharply to $901K in 2022. In general, imports faced a precipitous shrinkage. The most prominent rate of growth was recorded in 2020 when imports increased by 259% against the previous year. As a result, imports attained the peak of $19M. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

Top Suppliers of Railway or Tramway Track Constructions of Iron or Steel to Sri Lanka in 2022:

1. India (285.3 tons)
2. China (91.3 tons)
3. Australia (65.5 tons)
4. Netherlands (17.7 tons)
5. Belgium (9.6 tons)
6. Turkey (8.0 tons)

Exports of Railway or Tramway Track Constructions of Iron or Steel in Sri Lanka

In 2022, shipments abroad of railway or tramway track constructions of iron or steel decreased by -47.7% to 4.7 tons, falling for the second year in a row after two years of growth. Over the period under review, exports faced a precipitous contraction. The pace of growth appeared the most rapid in 2020 with an increase of 3.4% against the previous year. As a result, the exports reached the peak of 22 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of railway or tramway track constructions of iron or steel reduced markedly to $7.2K in 2022. In general, exports showed a dramatic curtailment. The smallest decline of -31.2% was in 2020.

Top Export Markets for Railway or Tramway Track Constructions of Iron or Steel from Sri Lanka in 2022:

1. Maldives (4.6 tons)

Source: IndexBox Market Intelligence Platform