Price for Reciprocating or Rotary Internal Combustion Piston Engines in Sri Lanka - 2022
Contents:
- Price for Reciprocating or Rotary Internal Combustion Piston Engines in Sri Lanka (CIF) - 2022
- Price for Reciprocating or Rotary Internal Combustion Piston Engines in Sri Lanka (FOB) - 2022
- Imports of Reciprocating or Rotary Internal Combustion Piston Engines in Sri Lanka
- Exports of Reciprocating or Rotary Internal Combustion Piston Engines in Sri Lanka
Price for Reciprocating or Rotary Internal Combustion Piston Engines in Sri Lanka (CIF) - 2022
The average import price for reciprocating or rotary internal combustion piston engineses stood at $599 per unit in 2022, growing by 36% against the previous year. Over the period under review, the import price recorded a prominent increase. The pace of growth appeared the most rapid in 2013 when the average import price increased by 125%. As a result, import price reached the peak level of $821 per unit. From 2014 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 Thailand ($3,008 per unit), while the price for Singapore ($300 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+15.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Reciprocating or Rotary Internal Combustion Piston Engines in Sri Lanka (FOB) - 2022
The average export price for reciprocating or rotary internal combustion piston engineses stood at $4,537 per unit in 2022, which is down by -13.5% against the previous year. Overall, the export price recorded a perceptible shrinkage. The most prominent rate of growth was recorded in 2016 an increase of 412% against the previous year. The export price peaked at $27,570 per unit in 2017; however, from 2018 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 Russia ($12,118 per unit), while the average price for exports to Israel ($1 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+16.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Reciprocating or Rotary Internal Combustion Piston Engines in Sri Lanka
In 2022, supplies from abroad of reciprocating or rotary internal combustion piston engineses decreased by -67.5% to 9K units for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports saw a pronounced decline. The growth pace was the most rapid in 2021 when imports increased by 81% against the previous year. As a result, imports attained the peak of 28K units, and then declined remarkably in the following year.
In value terms, imports of reciprocating or rotary internal combustion piston engineses fell dramatically to $5.3M in 2022. In general, imports recorded a deep downturn. The pace of growth was the most pronounced in 2020 when imports increased by 53% against the previous year. Over the period under review, imports of hit record highs at $14M in 2021, and then declined markedly in the following year.
| Import of Reciprocating or Rotary Internal Combustion Piston Engines in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 344 | 876 | 2,894 | 1,587 | 66.5% |
| Japan | 1,598 | 2,064 | 3,191 | 814 | -20.1% |
| Ukraine | 621 | 1,236 | 906 | 643 | 1.2% |
| China | 893 | 988 | 1,644 | 627 | -11.1% |
| Denmark | 234 | 441 | 561 | 420 | 21.5% |
| Thailand | 1,980 | 1,968 | 3,686 | 337 | -44.6% |
| Russia | 253 | 485 | 193 | 120 | -22.0% |
| Malaysia | 11.1 | 0.9 | 11.1 | 82.2 | 94.9% |
| Others | 812 | 2,294 | 1,350 | 714 | -4.2% |
| Total | 6,746 | 10,352 | 14,436 | 5,342 | -7.5% |
Top Suppliers of Reciprocating or Rotary Internal Combustion Piston Engines to Sri Lanka in 2022:
- India (3.2K units)
- Japan (2.4K units)
- Ukraine (1.0K units)
- China (0.9K units)
- Denmark (0.7K units)
- Malaysia (0.2K units)
- Russia (0.2K units)
- Thailand (0.1K units)
Exports of Reciprocating or Rotary Internal Combustion Piston Engines in Sri Lanka
In 2022, overseas shipments of reciprocating or rotary internal combustion piston engineses decreased by 0% to 30 units, falling for the second year in a row after two years of growth. Overall, exports saw a dramatic decline. The pace of growth was the most pronounced in 2020 with an increase of 203% against the previous year. As a result, the exports attained the peak of 823 units. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of reciprocating or rotary internal combustion piston engineses dropped markedly to $36K in 2022. In general, exports recorded a sharp contraction. The most prominent rate of growth was recorded in 2020 with an increase of 137% against the previous year. As a result, the exports attained the peak of $5M. From 2021 to 2022, the growth of the exports of remained at a lower figure.
| Export of Reciprocating or Rotary Internal Combustion Piston Engines in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 0.2 | 0.2 | 1.2 | 13.2 | 304.1% |
| Russia | 777 | 1,849 | 69.6 | 12.1 | -75.0% |
| Indonesia | 741 | 1,660 | 58.8 | 9.6 | -76.5% |
| Maldives | 21.3 | 31.7 | 1.4 | 0.3 | -75.9% |
| Pakistan | 6.5 | 17.5 | 0.7 | 0.1 | -75.1% |
| India | 13.9 | 8.9 | N/A | 0.1 | -80.7% |
| Germany | 3.5 | 9.2 | 0.4 | 0.1 | -69.4% |
| Nigeria | N/A | N/A | N/A | N/A | 0% |
| Japan | 2.0 | 4.8 | 0.2 | N/A | -68.4% |
| Netherlands | N/A | N/A | N/A | N/A | 0% |
| Australia | 10.6 | 0.1 | N/A | N/A | -99.1% |
| Bangladesh | N/A | N/A | N/A | N/A | 0% |
| Israel | N/A | N/A | N/A | N/A | 0% |
| Others | 534 | 1,416 | 9.4 | 0.7 | -89.1% |
| Total | 2,109 | 4,997 | 142 | 36.3 | -74.2% |
Top Export Markets for Reciprocating or Rotary Internal Combustion Piston Engines from Sri Lanka in 2022:
- Malaysia (13.0 units)
- Pakistan (1.0 units)
- Israel (1.0 units)
- Maldives (1.0 units)
- Bangladesh (1.0 units)
- Australia (1.0 units)
- Indonesia (1.0 units)
- India (1.0 units)
- Netherlands (1.0 units)
- Germany (1.0 units)
- Japan (1.0 units)
- Nigeria (1.0 units)
- Russia (1.0 units)
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