Price for Cycles; Parts Thereof, Saddles in Sri Lanka - 2021

Contents:

1. Price for Cycles; Parts Thereof, Saddles in Sri Lanka (CIF) - 2022
2. Price for Cycles; Parts Thereof, Saddles in Sri Lanka (FOB) - 2022
3. Imports of Cycles; Parts Thereof, Saddles in Sri Lanka
4. Exports of Cycles; Parts Thereof, Saddles in Sri Lanka

Price for Cycles; Parts Thereof, Saddles in Sri Lanka (CIF) - 2022

The average cycles; parts thereof, saddles import price stood at $3.5 per unit in 2022, picking up by 16% against the previous year. Overall, the import price showed a buoyant increase. The pace of growth was the most pronounced in 2020 when the average import price increased by 64%. Over the period under review, average import prices reached the maximum in 2022 and is likely to see steady growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Bangladesh ($4.8 per unit), while the price for Japan ($0.8 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+12.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Cycles; Parts Thereof, Saddles in Sri Lanka (FOB) - 2022

In 2022, the average cycles; parts thereof, saddles export price amounted to $2.4 per unit, falling by -3.2% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 44% against the previous year. As a result, the export price reached the peak level of $3 per unit. From 2021 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Czech Republic ($13 per unit), while the average price for exports to Finland ($1.1 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Czech Republic (+29.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Cycles; Parts Thereof, Saddles in Sri Lanka

In 2022, the amount of cycles; parts thereof, saddleses imported into Sri Lanka contracted remarkably to 458K units, with a decrease of -43.1% against 2021. Over the period under review, imports continue to indicate a precipitous decline. The most prominent rate of growth was recorded in 2021 when imports increased by 14%. Imports peaked at 1.1M units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, cycles; parts thereof, saddles imports fell rapidly to $1.6M in 2022. Overall, total imports indicated a notable increase from 2019 to 2022: its value increased at an average annual rate of +4.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +13.0% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 65% against the previous year. As a result, imports reached the peak of $2.4M, and then declined markedly in the following year.

Top Suppliers of Cycles; Parts Thereof, Saddles to Sri Lanka in 2022:

1. China (353.4K units)
2. Hong Kong SAR (49.9K units)
3. India (37.6K units)
4. Japan (15.5K units)
5. Bangladesh (0.2K units)

Exports of Cycles; Parts Thereof, Saddles in Sri Lanka

In 2022, shipments abroad of cycles; parts thereof, saddleses decreased by -92.6% to 451 units for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports showed a sharp decrease. The pace of growth appeared the most rapid in 2020 when exports increased by 36%. Over the period under review, the exports hit record highs at 6.1K units in 2021, and then contracted sharply in the following year.

In value terms, cycles; parts thereof, saddles exports dropped significantly to $1.1K in 2022. In general, exports faced a significant decline. The most prominent rate of growth was recorded in 2020 with an increase of 95%. The exports peaked at $15K in 2021, and then reduced dramatically in the following year.

Top Export Markets for Cycles; Parts Thereof, Saddles from Sri Lanka in 2022:

1. Finland (229.0 units)
2. India (100.0 units)
3. Netherlands (56.0 units)
4. Ireland (31.0 units)
5. Czech Republic (21.0 units)
6. United Kingdom (14.0 units)

Source: IndexBox Market Intelligence Platform