Price for Tools, Hand; Other than Household Tools in Sri Lanka - 2022
Contents:
- Price for Tools, Hand; Other than Household Tools in Sri Lanka (CIF) - 2022
- Price for Tools, Hand; Other than Household Tools in Sri Lanka (FOB) - 2022
- Imports of Tools, Hand; Other than Household Tools in Sri Lanka
- Exports of Tools, Hand; Other than Household Tools in Sri Lanka
Price for Tools, Hand; Other than Household Tools in Sri Lanka (CIF) - 2022
The average import price for tools, hand; other than household toolses stood at $6,376 per ton in 2022, surging by 32% against the previous year. Over the last decade, it increased at an average annual rate of +4.9%. The growth pace was the most rapid in 2016 when the average import price increased by 36%. The import price peaked in 2022 and is expected to retain growth in years to come.
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 Taiwan (Chinese) ($15,018 per ton), while the price for India ($4,347 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+11.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Tools, Hand; Other than Household Tools in Sri Lanka (FOB) - 2022
In 2022, the average export price for tools, hand; other than household toolses amounted to $8,577 per ton, picking up by 10% against the previous year. In general, export price indicated modest growth from 2012 to 2022: its price increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for tools, hand; other than household toolses decreased by -38.6% against 2017 indices. The most prominent rate of growth was recorded in 2017 an increase of 49% against the previous year. As a result, the export price attained the peak level of $13,962 per ton. From 2018 to 2022, the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($69,138 per ton), while the average price for exports to Australia ($700 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 Mali (+46.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Tools, Hand; Other than Household Tools in Sri Lanka
Imports of tools, hand; other than household toolses into Sri Lanka shrank rapidly to 217 tons in 2022, with a decrease of -85% against 2021 figures. In general, imports saw a dramatic descent. The growth pace was the most rapid in 2021 when imports increased by 77% against the previous year. As a result, imports attained the peak of 1.4K tons, and then contracted remarkably in the following year.
In value terms, imports of tools, hand; other than household toolses fell notably to $1.4M in 2022. Overall, imports saw a sharp decrease. The most prominent rate of growth was recorded in 2021 with an increase of 82%. As a result, imports reached the peak of $7M, and then declined rapidly in the following year.
| Import of Tools, Hand; Other than Household Tools in Sri Lanka (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 3.0 | 3.2 | 5.7 | 0.6 | -41.5% |
| India | 0.2 | 0.1 | 0.3 | 0.3 | 14.5% |
| Taiwan (Chinese) | 0.1 | 0.1 | 0.2 | 0.1 | 0.0% |
| Others | 1.0 | 0.5 | 0.7 | 0.5 | -20.6% |
| Total | 4.3 | 3.8 | 7.0 | 1.4 | -31.2% |
Top Suppliers of Tools, Hand; Other than Household Tools to Sri Lanka in 2022:
- China (133.7 tons)
- India (60.0 tons)
- Taiwan (Chinese) (3.9 tons)
Exports of Tools, Hand; Other than Household Tools in Sri Lanka
Exports of tools, hand; other than household toolses from Sri Lanka contracted dramatically to 14 tons in 2022, which is down by -67% compared with 2021. In general, exports continue to indicate a deep setback. The most prominent rate of growth was recorded in 2021 with an increase of 641%. As a result, the exports attained the peak of 41 tons, and then dropped sharply in the following year.
In value terms, exports of tools, hand; other than household toolses contracted remarkably to $117K in 2022. Overall, exports continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2021 with an increase of 480%. As a result, the exports attained the peak of $322K, and then plummeted in the following year.
| Export of Tools, Hand; Other than Household Tools in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 4.5 | 3.0 | N/A | 34.6 | 97.4% |
| France | N/A | N/A | N/A | 15.8 | 0% |
| Indonesia | N/A | 0.1 | N/A | 15.1 | 1128.8% |
| Canada | N/A | N/A | 1.0 | 10.2 | 920.0% |
| Bahrain | N/A | N/A | N/A | 9.2 | 0% |
| Maldives | 34.4 | 9.8 | 83.4 | 5.9 | -44.4% |
| Seychelles | 0.1 | 0.7 | 0.5 | 3.7 | 233.2% |
| Germany | 77.5 | 5.7 | N/A | 3.6 | -64.1% |
| India | 5.7 | 1.3 | 44.4 | 3.3 | -16.7% |
| Australia | N/A | N/A | N/A | 2.7 | 0% |
| New Zealand | 23.0 | 0.1 | N/A | N/A | -99.6% |
| Austria | N/A | N/A | 86.8 | N/A | 0% |
| Others | 75.9 | 34.9 | 106 | 13.0 | -44.5% |
| Total | 221 | 55.5 | 322 | 117 | -19.1% |
Top Export Markets for Tools, Hand; Other than Household Tools from Sri Lanka in 2022:
- Australia (3.9 tons)
- Bahrain (2.6 tons)
- France (2.1 tons)
- Maldives (1.2 tons)
- Indonesia (0.7 tons)
- Canada (0.6 tons)
- Seychelles (0.6 tons)
- India (0.5 tons)
- Japan (0.5 tons)
- Germany (0.1 tons)
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