Seals; Mechanical Price in Sri Lanka - 2021

Contents:

1. Seals; Mechanical Price in Sri Lanka (CIF) - 2022
2. Seals; Mechanical Price in Sri Lanka (FOB) - 2022
3. Seals; Mechanical Imports in Sri Lanka
4. Seals; Mechanical Exports in Sri Lanka

Seals; Mechanical Price in Sri Lanka (CIF) - 2022

The average seals; mechanical import price stood at $1.1 per unit in 2022, reducing by -15.7% against the previous year. Overall, the import price continues to indicate a abrupt decline. The pace of growth was the most pronounced in 2014 when the average import price increased by 39%. As a result, import price reached the peak level of $4.3 per unit. From 2015 to 2022, the average 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 Germany ($14 per unit), while the price for India ($0.4 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (-1.3%), while the prices for the other major suppliers experienced a decline.

Seals; Mechanical Price in Sri Lanka (FOB) - 2022

In 2022, the average seals; mechanical export price amounted to $1.2 per unit, with a decrease of -82.7% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the average export price increased by 193%. The export price peaked at $7.3 per unit in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Maldives.

From 2012 to 2022, the rate of growth in terms of prices for Germany amounted to +94.2% per year.

Seals; Mechanical Imports in Sri Lanka

After three years of growth, supplies from abroad of seals; mechanicals decreased by -20.1% to 1.2M units in 2022. Overall, imports, however, posted prominent growth. The most prominent rate of growth was recorded in 2021 with an increase of 109%. As a result, imports reached the peak of 1.5M units, and then contracted significantly in the following year.

In value terms, seals; mechanical imports dropped significantly to $1.4M in 2022. Over the period under review, imports saw a deep reduction. The growth pace was the most rapid in 2021 when imports increased by 42%. As a result, imports attained the peak of $2M, and then shrank notably in the following year.

Top Suppliers of Seals; Mechanical to Sri Lanka in 2022:

1. India (690.0K units)
2. China (316.6K units)
3. Singapore (72.9K units)
4. Germany (26.3K units)
5. Taiwan (Chinese) (12.6K units)
6. Thailand (11.7K units)

Seals; Mechanical Exports in Sri Lanka

In 2022, shipments abroad of seals; mechanicals decreased by -98.2% to 110 units for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports showed a sharp descent. The pace of growth appeared the most rapid in 2020 with an increase of 282% against the previous year. Over the period under review, the exports hit record highs at 6.1K units in 2021, and then declined notably in the following year.

In value terms, seals; mechanical exports declined significantly to $128 in 2022. In general, exports saw a dramatic setback. The pace of growth was the most pronounced in 2020 with an increase of 350% against the previous year. Over the period under review, the exports attained the peak figure at $41K in 2021, and then plummeted in the following year.

Top Export Markets for Seals; Mechanical from Sri Lanka in 2022:

1. Maldives (110.0 units)

Source: IndexBox Market Intelligence Platform