Price for Vessels; Other, Including Warships and Lifeboats, Other than Rowing Boats in Sri Lanka - 2022

Contents:

1. Price for Vessels; Other, Including Warships and Lifeboats, Other than Rowing Boats in Sri Lanka (CIF) - 2022
2. Price for Vessels; Other, Including Warships and Lifeboats, Other than Rowing Boats in Sri Lanka (FOB) - 2022
3. Imports of Vessels; Other, Including Warships and Lifeboats, Other than Rowing Boats in Sri Lanka
4. Exports of Vessels; Other, Including Warships and Lifeboats, Other than Rowing Boats in Sri Lanka

Price for Vessels; Other, Including Warships and Lifeboats, Other than Rowing Boats in Sri Lanka (CIF) - 2022

In 2022, the average import price for vessels; other, including warships and lifeboats, other than rowing boatses amounted to $28,716 per unit, with a decrease of -69.4% against the previous year. In general, the import price saw a deep setback. The pace of growth was the most pronounced in 2018 an increase of 282% against the previous year. The import price peaked at $104,327 per unit in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Norway ($186,218 per unit), while the price for the UK ($227 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Norway (+63.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Vessels; Other, Including Warships and Lifeboats, Other than Rowing Boats in Sri Lanka (FOB) - 2022

The average export price for vessels; other, including warships and lifeboats, other than rowing boatses stood at $35,787 per unit in 2022, approximately mirroring the previous year. Over the period under review, the export price, however, saw a temperate increase. The growth pace was the most rapid in 2018 an increase of 3,148% against the previous year. Over the period under review, the average export prices attained the peak figure at $175,069 per unit in 2015; however, from 2016 to 2022, the export prices remained at a 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 India ($137,565 per unit), while the average price for exports to France ($93 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 China (+25.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Vessels; Other, Including Warships and Lifeboats, Other than Rowing Boats in Sri Lanka

In 2022, overseas purchases of vessels; other, including warships and lifeboats, other than rowing boatses decreased by -6.7% to 14 units for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +2.5% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 15% against the previous year. As a result, imports attained the peak of 15 units, and then dropped in the following year.

In value terms, imports of vessels; other, including warships and lifeboats, other than rowing boatses declined dramatically to $402K in 2022. Overall, imports saw a sharp decrease. The pace of growth appeared the most rapid in 2020 with an increase of 27% against the previous year. Imports peaked at $1.4M in 2021, and then contracted significantly in the following year.

Top Suppliers of Vessels; Other, Including Warships and Lifeboats, Other than Rowing Boats to Sri Lanka in 2022:

1. Netherlands (1.0 units)
2. Taiwan (Chinese) (1.0 units)
3. Singapore (1.0 units)
4. Denmark (1.0 units)
5. Japan (1.0 units)
6. India (1.0 units)
7. France (1.0 units)
8. United Kingdom (1.0 units)
9. Vietnam (1.0 units)
10. Germany (1.0 units)
11. United Arab Emirates (1.0 units)
12. China (1.0 units)
13. Norway (1.0 units)

Exports of Vessels; Other, Including Warships and Lifeboats, Other than Rowing Boats in Sri Lanka

For the third consecutive year, Sri Lanka recorded decline in shipments abroad of vessels; other, including warships and lifeboats, other than rowing boatses, which decreased by 0% to 7 units in 2022. In general, exports continue to indicate a deep contraction. The smallest decline of -10% was in 2020. Over the period under review, the exports of reached the peak figure at 10 units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, exports of vessels; other, including warships and lifeboats, other than rowing boatses shrank to $251K in 2022. Overall, exports continue to indicate a precipitous shrinkage. The most prominent rate of growth was recorded in 2021 when exports increased by 221% against the previous year. Over the period under review, the exports of attained the maximum at $907K in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Top Export Markets for Vessels; Other, Including Warships and Lifeboats, Other than Rowing Boats from Sri Lanka in 2022:

1. Netherlands (1.0 units)
2. United Arab Emirates (1.0 units)
3. India (1.0 units)
4. France (1.0 units)
5. United States (1.0 units)
6. Malaysia (1.0 units)
7. Maldives (1.0 units)

Source: IndexBox Market Intelligence Platform