Sri Lanka: Refrigerated Vessel Market 2022

Refrigerated Vessel Market Size in Sri Lanka

The Sri Lankan refrigerated vessel market was estimated at less than $X in 2020, almost unchanged from the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption recorded a relatively flat trend pattern.

Refrigerated Vessel Exports

Exports by Country

South Korea (X units), China (X units) and Panama (X units) represented roughly X% of total exports in 2021. It was distantly followed by Germany (X units), committing a X% share of total exports.

From 2012 to 2021, the biggest increases were in China (with a CAGR of +X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, China ($X) remains the largest refrigerated vessel supplier from Sri Lanka, comprising X% of global exports. The second position in the ranking was held by Germany ($X), with a X% share of global exports. It was followed by Panama, with a X% share.

In China, refrigerated vessel exports expanded at an average annual rate of +X% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Germany (+X% per year) and Panama (+X% per year).

Export Prices by Country

The export price in Sri Lanka stood at less than $X per thousand units in 2021, standing approx. at the previous year. Overall, the export price saw a relatively flat trend pattern.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was China ($X per thousand units), while South Korea ($X per thousand units) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+X%), while the other leaders experienced mixed trends in the export price figures.

Refrigerated Vessel Imports

Imports by Country

Cayman Islands (X units) and Liberia (X units) represented the main importers of refrigerated vessels (ships) in 2021, recording near X% and X% of total imports, respectively. Russia (X units) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Panama (X%), China (X%) and South Korea (X%). Hong Kong SAR (X units) held a little share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Hong Kong SAR (with a CAGR of +X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Panama ($X) constitutes the largest market for imported refrigerated vessels (ships) into Sri Lanka, comprising X% of global imports. The second position in the ranking was held by Russia ($X), with a X% share of global imports. It was followed by Hong Kong SAR, with a X% share.

In Panama, refrigerated vessel imports expanded at an average annual rate of +X% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Russia (+X% per year) and Hong Kong SAR (+X% per year).

Import Prices by Country

The import price in Sri Lanka stood at less than $X per thousand units in 2021, leveling off at the previous year. Over the period under review, the import price showed a relatively flat trend pattern.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Panama ($X per thousand units), while Liberia ($X per thousand units) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Panama (+X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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