Price for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc in Sri Lanka - 2022

Contents:

1. Price for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc in Sri Lanka (CIF) - 2022
2. Price for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc in Sri Lanka (FOB) - 2022
3. Imports of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc in Sri Lanka
4. Exports of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc in Sri Lanka

Price for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc in Sri Lanka (CIF) - 2022

In 2022, the average import price for vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity not exceeding 1000ccs amounted to $3,932 per unit, with a decrease of -22% against the previous year. Over the period under review, the import price, however, recorded a resilient expansion. The growth pace was the most rapid in 2015 when the average import price increased by 61%. The import price peaked at $5,638 per unit in 2019; however, from 2020 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 Japan ($7,812 per unit), while the price for India ($992 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (-1.9%), while the prices for the other major suppliers experienced a decline.

Price for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc in Sri Lanka (FOB) - 2022

In 2022, the average export price for vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity not exceeding 1000ccs amounted to $469 per unit, approximately mirroring the previous year. Overall, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 an increase of 278% against the previous year. As a result, the export price attained the peak level of $6,033 per unit. From 2017 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($1,395 per unit), while the average price for exports to Germany ($16 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 Japan (-8.1%), while the prices for the other major destinations experienced a decline.

Imports of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc in Sri Lanka

Imports of vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity not exceeding 1000ccs into Sri Lanka dropped markedly to 10 units in 2022, declining by -98.5% on the year before. In general, imports faced a sharp decline. The smallest decline of -49.8% was in 2020. Over the period under review, imports of hit record highs at 35K units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity not exceeding 1000ccs fell significantly to $39K in 2022. Over the period under review, imports recorded a sharp reduction. The smallest decline of -54.1% was in 2020. Over the period under review, imports of attained the maximum at $195M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Top Suppliers of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc to Sri Lanka in 2022:

1. India (5.0 units)
2. Japan (4.0 units)
3. United Kingdom (1.0 units)

Exports of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc in Sri Lanka

In 2022, exports of vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity not exceeding 1000ccs from Sri Lanka was estimated at 7 units, remaining relatively unchanged against the year before. In general, exports showed a relatively flat trend pattern. The smallest decline of 99.9% was in 2021. The exports peaked in 2022 and are likely to continue growth in years to come.

In value terms, exports of vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity not exceeding 1000ccs amounted to $3.3K in 2022. Overall, exports continue to indicate a dramatic slump. The smallest decline of -65.9% was in 2020. The exports peaked at $19K in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Top Export Markets for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc from Sri Lanka in 2022:

1. Australia (1.0 units)
2. India (1.0 units)
3. United Kingdom (1.0 units)
4. Maldives (1.0 units)
5. Germany (1.0 units)
6. Belgium (1.0 units)
7. Japan (1.0 units)

Source: IndexBox Market Intelligence Platform