Price for Casting Machines; of A Kind Used in Metallurgy or in Metal Foundries in Sri Lanka - 2022
Contents:
- Price for Casting Machines; of A Kind Used in Metallurgy or in Metal Foundries in Sri Lanka (CIF) - 2022
- Imports of Casting Machines; of A Kind Used in Metallurgy or in Metal Foundries in Sri Lanka
Price for Casting Machines; of A Kind Used in Metallurgy or in Metal Foundries in Sri Lanka (CIF) - 2022
In 2022, the average import price for casting machines; of a kind used in metallurgy or in metal foundrieses amounted to $10,700 per unit, growing by 3.1% against the previous year. In general, the import price continues to indicate strong growth. The growth pace was the most rapid in 2020 when the average import price increased by 139%. Over the period under review, average import prices hit record highs at $11,362 per unit in 2014; however, from 2015 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 Japan ($12,448 per unit), while the price for the United Arab Emirates ($259 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+24.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Casting Machines; of A Kind Used in Metallurgy or in Metal Foundries in Sri Lanka
In 2022, imports of casting machines; of a kind used in metallurgy or in metal foundrieses into Sri Lanka dropped dramatically to 15 units, with a decrease of -31.8% compared with 2021 figures. Over the period under review, imports continue to indicate a sharp setback. The most prominent rate of growth was recorded in 2021 when imports increased by 22%. Over the period under review, imports of reached the peak figure at 49 units in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, imports of casting machines; of a kind used in metallurgy or in metal foundrieses contracted remarkably to $161K in 2022. In general, imports continue to indicate a slight slump. The most prominent rate of growth was recorded in 2021 with an increase of 54%. As a result, imports reached the peak of $228K, and then shrank notably in the following year.
| Import of Casting Machines; of A Kind Used in Metallurgy or in Metal Foundries in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 0.8 | 48.6 | 38.6 | 115 | 423.8% |
| Japan | 5.6 | 6.5 | 9.8 | 37.3 | 88.2% |
| India | 39.8 | 0.7 | 76.1 | 7.7 | -42.2% |
| United Arab Emirates | 20.7 | N/A | N/A | 0.3 | -75.6% |
| South Korea | 0.1 | 0.1 | 0.2 | N/A | 41.4% |
| Germany | 3.5 | 4.7 | 9.0 | N/A | 60.4% |
| Italy | 2.4 | 5.6 | 18.6 | N/A | 178.4% |
| Turkey | 88.0 | 73.6 | 57.0 | N/A | -19.5% |
| Others | 8.1 | 8.7 | 19.1 | N/A | 53.6% |
| Total | 169 | 148 | 228 | 161 | -1.6% |
Top Suppliers of Casting Machines; of A Kind Used in Metallurgy or in Metal Foundries to Sri Lanka in 2022:
- China (10.0 units)
- Japan (3.0 units)
- India (1.0 units)
- United Arab Emirates (1.0 units)
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