Price for Navigational Instruments and Appliances; Parts and Accessories in Sri Lanka - 2022
Contents:
- Price for Navigational Instruments and Appliances; Parts and Accessories in Sri Lanka (CIF) - 2022
- Price for Navigational Instruments and Appliances; Parts and Accessories in Sri Lanka (FOB) - 2022
- Imports of Navigational Instruments and Appliances; Parts and Accessories in Sri Lanka
- Exports of Navigational Instruments and Appliances; Parts and Accessories in Sri Lanka
Price for Navigational Instruments and Appliances; Parts and Accessories in Sri Lanka (CIF) - 2022
In 2022, the average import price for navigational instruments and appliances; parts and accessorieses amounted to $330,413 per ton, waning by -44.3% against the previous year. Overall, the import price recorded a deep downturn. The pace of growth was the most pronounced in 2013 when the average import price increased by 21%. Over the period under review, average import prices hit record highs at $827,106 per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Singapore ($931,621 per ton), while the price for the United Arab Emirates ($87,832 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+20.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Navigational Instruments and Appliances; Parts and Accessories in Sri Lanka (FOB) - 2022
In 2022, the average export price for navigational instruments and appliances; parts and accessorieses amounted to $230,836 per ton, approximately reflecting the previous year. In general, the export price showed a noticeable decline. The pace of growth was the most pronounced in 2014 an increase of 404%. The export price peaked at $300,800 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
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 the United States ($242,649 per ton), while the average price for exports to Norway stood at $143,700 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+246.8%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Navigational Instruments and Appliances; Parts and Accessories in Sri Lanka
Imports of navigational instruments and appliances; parts and accessorieses into Sri Lanka declined to 971 kg in 2022, shrinking by -11.2% against 2021. In general, imports, however, continue to indicate moderate growth. The most prominent rate of growth was recorded in 2021 when imports increased by 201% against the previous year. As a result, imports attained the peak of 1.1 tons, and then shrank in the following year.
In value terms, imports of navigational instruments and appliances; parts and accessorieses contracted notably to $321K in 2022. Over the period under review, imports continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2021 with an increase of 215% against the previous year. As a result, imports reached the peak of $649K, and then declined significantly in the following year.
| Import of Navigational Instruments and Appliances; Parts and Accessories in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 47.4 | 22.7 | 272 | 99.6 | 28.1% |
| United Arab Emirates | 53.1 | 21.6 | 59.1 | 56.6 | 2.2% |
| Germany | 167 | 65.7 | 58.3 | 36.4 | -39.8% |
| Singapore | 278 | 57.1 | 82.9 | 27.0 | -54.0% |
| Norway | 11.1 | 3.1 | 1.6 | 20.7 | 23.1% |
| Sweden | 4.4 | N/A | 33.1 | 20.1 | 65.9% |
| Netherlands | 1.5 | N/A | 0.4 | 12.8 | 104.3% |
| India | 21.7 | 8.3 | 19.9 | 3.2 | -47.2% |
| United Kingdom | N/A | 3.4 | 19.8 | N/A | 482.4% |
| Others | 34.8 | 24.1 | 102 | 44.4 | 8.5% |
| Total | 619 | 206 | 649 | 321 | -19.7% |
Top Suppliers of Navigational Instruments and Appliances; Parts and Accessories to Sri Lanka in 2022:
- United Arab Emirates (644.0 kg)
- Japan (112.0 kg)
- Germany (45.0 kg)
- Sweden (39.0 kg)
- Singapore (29.0 kg)
- Netherlands (25.0 kg)
- Norway (24.0 kg)
- India (14.0 kg)
Exports of Navigational Instruments and Appliances; Parts and Accessories in Sri Lanka
In 2022, shipments abroad of navigational instruments and appliances; parts and accessorieses was finally on the rise to reach 67 kg for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, saw a dramatic decrease.
In value terms, exports of navigational instruments and appliances; parts and accessorieses soared to $15K in 2022. Over the period under review, exports, however, continue to indicate a significant curtailment.
| Export of Navigational Instruments and Appliances; Parts and Accessories in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 36.4 | 30.8 | 3.4 | 13.8 | -27.6% |
| Norway | N/A | N/A | N/A | 1.4 | 0% |
| Singapore | 1.2 | 0.7 | 0.3 | N/A | -50.0% |
| Seychelles | 28.8 | N/A | N/A | N/A | 0% |
| Others | 8.9 | 4.0 | 0.3 | 0.2 | -71.8% |
| Total | 75.3 | 35.5 | 4.0 | 15.5 | -41.0% |
Top Export Markets for Navigational Instruments and Appliances; Parts and Accessories from Sri Lanka in 2022:
- United States (57.0 kg)
- Norway (10.0 kg)
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