Price for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Sri Lanka - 2022
Contents:
- Price for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Sri Lanka (CIF) - 2022
- Price for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Sri Lanka (FOB) - 2022
- Imports of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Sri Lanka
- Exports of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Sri Lanka
Price for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Sri Lanka (CIF) - 2022
The average import price for refrigerating or freezing equipment; parts thereof, other than furniture stood at $22 per unit in 2022, approximately equating the previous year. Over the period under review, the import price, however, saw a mild setback. The growth pace was the most rapid in 2013 an increase of 22%. As a result, import price reached the peak level of $31 per unit. From 2014 to 2022, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Thailand ($45 per unit), while the price for Australia ($15 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+6.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Sri Lanka (FOB) - 2022
The average export price for refrigerating or freezing equipment; parts thereof, other than furniture stood at $44 per unit in 2022, surging by 25% against the previous year. Over the period under review, the export price, however, showed a slight decline. The pace of growth appeared the most rapid in 2020 an increase of 63% against the previous year. Over the period under review, the average export prices reached the peak figure at $53 per unit in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Denmark ($159 per unit), while the average price for exports to India ($11 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 Denmark (+17.5%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Sri Lanka
In 2022, approx. 133K units of refrigerating or freezing equipment; parts thereof, other than furniture were imported into Sri Lanka; with a decrease of -44.4% on the previous year. Over the period under review, imports saw a precipitous slump. The most prominent rate of growth was recorded in 2021 with an increase of 17%. Imports peaked at 318K units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, imports of refrigerating or freezing equipment; parts thereof, other than furniture shrank sharply to $2.9M in 2022. Overall, imports saw a dramatic slump. The pace of growth appeared the most rapid in 2021 when imports increased by 15%. Imports peaked at $8.1M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
| Import of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Sri Lanka (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 4.2 | 2.0 | 3.2 | 1.6 | -27.5% |
| India | 1.8 | 1.0 | 1.2 | 0.8 | -23.7% |
| United Arab Emirates | 0.1 | 0.4 | 0.1 | 0.1 | 0.0% |
| Belgium | 0.1 | N/A | N/A | 0.1 | 0.0% |
| Others | 1.9 | 1.2 | 0.8 | 0.4 | -40.5% |
| Total | 8.1 | 4.6 | 5.3 | 2.9 | -29.0% |
Top Suppliers of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture to Sri Lanka in 2022:
- China (95.0K units)
- India (23.5K units)
- United Arab Emirates (3.4K units)
- Belgium (3.2K units)
Exports of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Sri Lanka
In 2022, exports of refrigerating or freezing equipment; parts thereof, other than furniture from Sri Lanka contracted markedly to 932 units, falling by -42.5% against the previous year. In general, exports showed a dramatic downturn. The pace of growth was the most pronounced in 2021 when exports increased by 48%. Over the period under review, the exports of hit record highs at 2.4K units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, exports of refrigerating or freezing equipment; parts thereof, other than furniture declined remarkably to $41K in 2022. Overall, exports showed a abrupt setback. The pace of growth appeared the most rapid in 2021 when exports increased by 5.8% against the previous year. Over the period under review, the exports of attained the peak figure at $73K in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
| Export of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Denmark | 0.2 | 1.1 | 0.3 | 8.6 | 250.3% |
| Maldives | 15.0 | 9.4 | 5.8 | 6.8 | -23.2% |
| India | 0.4 | 1.9 | 0.9 | 6.3 | 150.7% |
| United Arab Emirates | 38.8 | 0.3 | 3.6 | N/A | -69.5% |
| Egypt | 12.8 | 28.4 | 9.8 | N/A | -12.5% |
| Oman | 0.1 | 5.6 | 31.6 | N/A | 1677.6% |
| Qatar | 0.9 | 2.6 | 2.1 | N/A | 52.8% |
| Others | 4.3 | 4.8 | 3.3 | 19.4 | 65.2% |
| Total | 72.6 | 54.2 | 57.3 | 41.1 | -17.3% |
Top Export Markets for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture from Sri Lanka in 2022:
- India (565.0 units)
- Maldives (175.0 units)
- Denmark (54.0 units)
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