Weaving Machines (Looms) Price in Sri Lanka - 2021
Contents:
- Weaving Machines (Looms) Price in Sri Lanka (CIF) - 2022
- Weaving Machines (Looms) Price in Sri Lanka (FOB) - 2022
- Weaving Machines (Looms) Imports in Sri Lanka
- Weaving Machines (Looms) Exports in Sri Lanka
Weaving Machines (Looms) Price in Sri Lanka (CIF) - 2022
The average weaving machines (looms) import price stood at $4,032 per unit in 2022, shrinking by -20.6% against the previous year. Over the period under review, the import price saw a noticeable decline. The pace of growth was the most pronounced in 2018 an increase of 42%. The import price peaked at $6,653 per unit in 2012; however, from 2013 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 Malaysia ($13,005 per unit), while the price for Japan ($361 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+1.9%), while the prices for the other major suppliers experienced a decline.
Weaving Machines (Looms) Price in Sri Lanka (FOB) - 2022
In 2022, the average weaving machines (looms) export price amounted to $388 per unit, reducing by -83% against the previous year. In general, the export price showed a abrupt setback. The most prominent rate of growth was recorded in 2018 when the average export price increased by 178% against the previous year. As a result, the export price reached the peak level of $5,540 per unit. From 2019 to 2022, the average export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for the United States.
From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +61.4% per year.
Weaving Machines (Looms) Imports in Sri Lanka
For the third year in a row, Sri Lanka recorded decline in overseas purchases of weaving machines (looms)s, which decreased by -45.5% to 102 units in 2022. Overall, imports recorded a sharp downturn. The smallest decline of -36.2% was in 2021. Imports peaked at 544 units in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, weaving machines (looms) imports shrank remarkably to $411K in 2022. Over the period under review, imports continue to indicate a sharp slump. The smallest decline of -24.9% was in 2020. Imports peaked at $2.3M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
| Import of Weaving Machines (Looms) in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,148 | 817 | 405 | 267 | -38.5% |
| Malaysia | N/A | N/A | N/A | 130 | 0% |
| India | 229 | 220 | 111 | 13.4 | -61.2% |
| Others | 885 | 662 | 433 | 0.4 | -92.3% |
| Total | 2,262 | 1,699 | 950 | 411 | -43.4% |
Top Suppliers of Weaving Machines (Looms) to Sri Lanka in 2022:
- China (87.0 units)
- Malaysia (10.0 units)
- India (4.0 units)
Weaving Machines (Looms) Exports in Sri Lanka
In 2022, shipments abroad of weaving machines (looms)s decreased by -99.3% to 1 units for the first time since 2018, thus ending a three-year rising trend. Overall, exports saw a precipitous setback. The pace of growth was the most pronounced in 2021 when exports increased by 277% against the previous year. As a result, the exports attained the peak of 147 units, and then fell dramatically in the following year.
In value terms, weaving machines (looms) exports declined dramatically to $388 in 2022. Over the period under review, exports recorded a dramatic contraction. The pace of growth appeared the most rapid in 2020 with an increase of 157%. Over the period under review, the exports attained the peak figure at $335K in 2021, and then contracted notably in the following year.
| Export of Weaving Machines (Looms) in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 0.6 | 0.8 | 0.5 | 0.4 | -12.6% |
| India | 16.3 | 56.4 | 81.3 | N/A | 123.3% |
| United Arab Emirates | N/A | N/A | 35.4 | N/A | 0% |
| Bangladesh | 37.0 | 88.1 | 98.9 | N/A | 63.5% |
| Iran | N/A | N/A | 16.2 | N/A | 0% |
| Maldives | N/A | N/A | N/A | N/A | 0% |
| Others | 27.0 | 62.9 | 103 | N/A | 95.3% |
| Total | 80.9 | 208 | 335 | 0.4 | -83.0% |
Top Export Markets for Weaving Machines (Looms) from Sri Lanka in 2022:
- United States (1.0 units)
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