Price for Tubing; Flexible, with or Without Fittings, of Base Metal in Sri Lanka - 2022

Contents:

1. Price for Tubing; Flexible, with or Without Fittings, of Base Metal in Sri Lanka (CIF) - 2022
2. Price for Tubing; Flexible, with or Without Fittings, of Base Metal in Sri Lanka (FOB) - 2022
3. Imports of Tubing; Flexible, with or Without Fittings, of Base Metal in Sri Lanka
4. Exports of Tubing; Flexible, with or Without Fittings, of Base Metal in Sri Lanka

Price for Tubing; Flexible, with or Without Fittings, of Base Metal in Sri Lanka (CIF) - 2022

In 2022, the average import price for tubing; flexible, with or without fittings, of base metals amounted to $4,316 per ton, dropping by -7.7% against the previous year. Overall, the import price showed a pronounced contraction. The most prominent rate of growth was recorded in 2019 when the average import price increased by 12% against the previous year. Over the period under review, average import prices attained the peak figure at $7,916 per ton in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($40,702 per ton), while the price for India ($1,813 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+4.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Tubing; Flexible, with or Without Fittings, of Base Metal in Sri Lanka (FOB) - 2022

The average export price for tubing; flexible, with or without fittings, of base metals stood at $3,197 per ton in 2022, shrinking by -37.2% against the previous year. Over the period under review, the export price continues to indicate a precipitous contraction. The most prominent rate of growth was recorded in 2016 an increase of 169% against the previous year. Over the period under review, the average export prices reached the maximum at $69,778 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Maldives ($9,877 per ton), while the average price for exports to Oman ($1,081 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Seychelles (+6.3%), while the prices for the other major destinations experienced a decline.

Imports of Tubing; Flexible, with or Without Fittings, of Base Metal in Sri Lanka

In 2022, overseas purchases of tubing; flexible, with or without fittings, of base metals decreased by -12.7% to 193 tons, falling for the second consecutive year after two years of growth. Overall, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of 19%. As a result, imports reached the peak of 229 tons. From 2021 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of tubing; flexible, with or without fittings, of base metals reduced dramatically to $834K in 2022. In general, imports showed a noticeable slump. The most prominent rate of growth was recorded in 2020 when imports increased by 29%. As a result, imports reached the peak of $1.2M. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

Top Suppliers of Tubing; Flexible, with or Without Fittings, of Base Metal to Sri Lanka in 2022:

1. China (98.9 tons)
2. India (81.0 tons)
3. Germany (3.9 tons)
4. United Arab Emirates (2.1 tons)
5. Malaysia (1.0 tons)
6. Singapore (0.9 tons)

Exports of Tubing; Flexible, with or Without Fittings, of Base Metal in Sri Lanka

In 2022, approx. 804 kg of tubing; flexible, with or without fittings, of base metals were exported from Sri Lanka; dropping by -91.4% on the previous year's figure. In general, exports continue to indicate a precipitous curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 386%. As a result, the exports attained the peak of 9.4 tons, and then shrank dramatically in the following year.

In value terms, exports of tubing; flexible, with or without fittings, of base metals shrank sharply to $2.6K in 2022. Overall, exports continue to indicate a dramatic contraction. The pace of growth was the most pronounced in 2021 with an increase of 237% against the previous year. As a result, the exports attained the peak of $48K, and then declined remarkably in the following year.

Top Export Markets for Tubing; Flexible, with or Without Fittings, of Base Metal from Sri Lanka in 2022:

1. Oman (603.0 kg)
2. Maldives (187.0 kg)
3. Seychelles (8.0 kg)

Source: IndexBox Market Intelligence Platform