Sri Lanka - Trucks - Market Analysis, Forecast, Size, Trends and Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingTruck Price in Sri Lanka - 2021
Contents:
- Truck Price in Sri Lanka (CIF) - 2022
- Truck Price in Sri Lanka (FOB) - 2022
- Truck Imports in Sri Lanka
- Truck Exports in Sri Lanka
Truck Price in Sri Lanka (CIF) - 2022
In 2022, the average truck import price amounted to $61,066 per unit, declining by -2.2% against the previous year. In general, the import price, however, showed a resilient increase. The most prominent rate of growth was recorded in 2021 an increase of 68%. As a result, import price reached the peak level of $62,422 per unit, and then declined slightly in the following year.
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 China ($161,532 per unit), while the price for Thailand ($19,508 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+18.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Truck Price in Sri Lanka (FOB) - 2022
The average truck export price stood at $27,973 per unit in 2022, shrinking by -4.1% against the previous year. Overall, the export price, however, posted a mild increase. The most prominent rate of growth was recorded in 2020 when the average export price increased by 156%. As a result, the export price reached the peak level of $73,960 per unit. From 2021 to 2022, the average 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 Maldives ($99,819 per unit), while the average price for exports to Australia totaled $23,966 per unit.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Maldives (+13.0%).
Truck Imports in Sri Lanka
For the third consecutive year, Sri Lanka recorded decline in purchases abroad of trucks, which decreased by -2.4% to 1.2K units in 2022. Overall, imports recorded a sharp contraction. Imports peaked at 8K units in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, truck imports contracted to $70M in 2022. Over the period under review, imports recorded a significant curtailment. Imports peaked at $255M in 2019; however, from 2020 to 2022, imports remained at a lower figure.
| Import of Truck in Sri Lanka (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 6.8 | 7.6 | 2.0 | 5.0 | -9.7% |
| China | 6.9 | 5.1 | 1.5 | 3.6 | -19.5% |
| India | 49.5 | 7.8 | 7.0 | 0.9 | -73.7% |
| Japan | 161 | 88.4 | 57.3 | 0.3 | -87.7% |
| Thailand | 24.2 | 25.7 | 1.6 | N/A | -74.3% |
| Others | 6.4 | 4.8 | 4.3 | 60.6 | 111.6% |
| Total | 255 | 139 | 73.7 | 70.4 | -34.9% |
Top Suppliers of Truck to Sri Lanka in 2022:
- United States (177.0 units)
- China (22.0 units)
- India (10.0 units)
- Japan (7.0 units)
- Thailand (1.0 units)
Truck Exports in Sri Lanka
In 2022, approx. 429 units of trucks were exported from Sri Lanka; remaining stable against 2021. Overall, exports, however, continue to indicate a strong expansion. The pace of growth appeared the most rapid in 2021 with an increase of 1,134% against the previous year. As a result, the exports attained the peak of 432 units, leveling off in the following year.
In value terms, truck exports dropped slightly to $12M in 2022. In general, exports, however, continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2021 when exports increased by 387% against the previous year. As a result, the exports reached the peak of $13M, and then reduced modestly in the following year.
| Export of Truck in Sri Lanka (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 6.2 | 0.2 | 9.2 | 9.7 | 16.1% |
| Maldives | 1.3 | 0.2 | 2.0 | 2.0 | 15.4% |
| India | 0.2 | 0.3 | 0.3 | 0.2 | 0.0% |
| Others | 0.4 | 2.0 | 1.1 | N/A | 65.8% |
| Total | 8.2 | 2.6 | 12.6 | 12.0 | 13.5% |
Top Export Markets for Truck from Sri Lanka in 2022:
- Australia (406.0 units)
- Maldives (20.0 units)
- India (1.0 units)
This report provides an in-depth analysis of the truck market in Sri Lanka. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 29104110 - Goods vehicles with a diesel or semi-diesel engine, of a gross vehicle weight . 5 tonnes (excluding dumpers for off-highway use)
- Prodcom 29104130 - Goods vehicles with a diesel or semi-diesel engine, of a gross vehicle weight > 5 tonnes but . .20 tonnes (including vans) (excluding dumpers for off-highway use, tractors)
- Prodcom 29104140 - Goods vehicles with compression-ignition internal combustion piston engine (diesel or semi-diesel), of a gross vehicle weight > .20 tonnes (excluding dumpers designed for offhighway use)
- Prodcom 29104200 - Goods vehicles, with spark-ignition internal combustion piston engine, other goods vehicles, new
Country coverage:
- Sri Lanka
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Sri Lanka
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
-
1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
-
3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
-
4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
-
5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
-
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
-
10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
-
LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
684
This report provides an in-depth analysis of the truck market in Sri Lanka.
272
This report provides an in-depth analysis of the off-highway dumper market in Sri Lanka.
194
This report provides an in-depth analysis of the petroleum-engine cargo trucks market in Sri Lanka.
3390
This report provides an in-depth analysis of the global truck market.
967
This report provides an in-depth analysis of the global off-highway dumper market.
450
This report provides an in-depth analysis of the global petroleum-engine cargo trucks market.
684
This report provides an in-depth analysis of the truck market in Sri Lanka.
272
This report provides an in-depth analysis of the off-highway dumper market in Sri Lanka.
194
This report provides an in-depth analysis of the petroleum-engine cargo trucks market in Sri Lanka.
3390
This report provides an in-depth analysis of the global truck market.
79
Explore the top import markets for trucks in 2023, including the United States, Canada, Germany, and more. Find out what drives the demand for trucks in these key countries.
3325
Global truck imports stood at X tons in 2016, dropping by -X% against the previous year figure. Overall, truck imports continue to indicate a measured curtailment. The pace of growth appeared th...
814
Global truck imports stood at X tons in 2016, dropping by -X% against the previous year figure. Overall, truck imports continue to indicate a measured curtailment. The pace of growth appeared th...
79
Explore the top import markets for trucks in 2023, including the United States, Canada, Germany, and more. Find out what drives the demand for trucks in these key countries.
3325
Global truck imports stood at X tons in 2016, dropping by -X% against the previous year figure. Overall, truck imports continue to indicate a measured curtailment. The pace of growth appeared th...
814
Global truck imports stood at X tons in 2016, dropping by -X% against the previous year figure. Overall, truck imports continue to indicate a measured curtailment. The pace of growth appeared th...
