Price for Non-Furniture Refrigerating or Freezing Equipment in Sri Lanka - 2021
Contents:
- Price for Non-Furniture Refrigerating or Freezing Equipment in Sri Lanka (CIF) - 2022
- Price for Non-Furniture Refrigerating or Freezing Equipment in Sri Lanka (FOB) - 2022
- Imports of Non-Furniture Refrigerating or Freezing Equipment in Sri Lanka
- Exports of Non-Furniture Refrigerating or Freezing Equipment in Sri Lanka
Price for Non-Furniture Refrigerating or Freezing Equipment in Sri Lanka (CIF) - 2022
In 2022, the average import price for non-furniture refrigerating or freezing equipment amounted to $98 per unit, with a decrease of -13.6% against the previous year. In general, the import price showed a noticeable descent. The most prominent rate of growth was recorded in 2018 when the average import price increased by 30% against the previous year. Over the period under review, average import prices reached the maximum at $139 per unit in 2015; however, from 2016 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($188 per unit), while the price for Australia ($73 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+2.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Non-Furniture Refrigerating or Freezing Equipment in Sri Lanka (FOB) - 2022
The average export price for non-furniture refrigerating or freezing equipment stood at $167 per unit in 2022, reducing by -42.3% against the previous year. Overall, the export price, however, saw a measured expansion. The pace of growth was the most pronounced in 2021 an increase of 69% against the previous year. As a result, the export price reached the peak level of $289 per unit, and then declined notably in the following year.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($1,022 per unit), while the average price for exports to the United Arab Emirates ($62 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 United Arab Emirates (+19.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Non-Furniture Refrigerating or Freezing Equipment in Sri Lanka
In 2022, purchases abroad of non-furniture refrigerating or freezing equipment decreased by -38.9% to 97K units for the first time since 2018, thus ending a three-year rising trend. Overall, imports continue to indicate a pronounced decline. The growth pace was the most rapid in 2021 with an increase of 25% against the previous year. As a result, imports attained the peak of 159K units, and then reduced sharply in the following year.
In value terms, non-furniture refrigerating or freezing equipment imports reduced sharply to $9.6M in 2022. Over the period under review, imports continue to indicate a deep slump. The most prominent rate of growth was recorded in 2021 when imports increased by 31% against the previous year. As a result, imports reached the peak of $18M, and then reduced dramatically in the following year.
| Import of Non-Furniture Refrigerating or Freezing Equipment in Sri Lanka (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 6.8 | 5.1 | 8.6 | 4.2 | -14.8% |
| India | 2.1 | 2.0 | 1.8 | 1.6 | -8.7% |
| Malaysia | 1.0 | 0.6 | 1.6 | 1.0 | 0.0% |
| Italy | 2.3 | 2.7 | 2.1 | 0.9 | -26.9% |
| Australia | N/A | 0.2 | 0.3 | 0.6 | 73.2% |
| Singapore | 0.6 | 0.2 | 0.5 | 0.3 | -20.6% |
| United Arab Emirates | 0.2 | N/A | 0.1 | 0.2 | 0.0% |
| Thailand | 0.2 | 0.2 | 1.0 | 0.1 | -20.6% |
| Others | 1.6 | 2.9 | 2.2 | 0.7 | -24.1% |
| Total | 14.9 | 13.8 | 18.1 | 9.6 | -13.6% |
Top Suppliers of Non-Furniture Refrigerating or Freezing Equipment to Sri Lanka in 2022:
- China (48.1K units)
- India (19.2K units)
- Malaysia (9.7K units)
- Australia (8.5K units)
- Italy (4.6K units)
- United Arab Emirates (2.8K units)
- Singapore (2.2K units)
- Thailand (1.2K units)
Exports of Non-Furniture Refrigerating or Freezing Equipment in Sri Lanka
In 2022, after two years of decline, there was significant growth in shipments abroad of non-furniture refrigerating or freezing equipment, when their volume increased by 652% to 752 units. Over the period under review, exports, however, continue to indicate a drastic downturn. The exports peaked at 1.5K units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, non-furniture refrigerating or freezing equipment exports soared to $125K in 2022. Overall, exports, however, saw a precipitous contraction. The exports peaked at $308K in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
| Export of Non-Furniture Refrigerating or Freezing Equipment in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 0.6 | N/A | 4.9 | 19.6 | 219.7% |
| Japan | N/A | N/A | N/A | 4.3 | 0% |
| Maldives | 307 | N/A | 9.0 | 1.4 | -83.4% |
| United Arab Emirates | N/A | N/A | N/A | 0.3 | 0% |
| Australia | N/A | N/A | N/A | 0.2 | 0% |
| Fiji | N/A | 9.1 | N/A | 0.1 | -89.5% |
| United States | N/A | N/A | 12.7 | N/A | 0% |
| Oman | N/A | 23.8 | 2.3 | N/A | -90.3% |
| Others | 1.2 | N/A | N/A | 99.4 | 335.9% |
| Total | 308 | 32.9 | 28.9 | 125 | -26.0% |
Top Export Markets for Non-Furniture Refrigerating or Freezing Equipment from Sri Lanka in 2022:
- India (59.0 units)
- Maldives (5.0 units)
- United Arab Emirates (4.0 units)
- Japan (4.0 units)
- Australia (3.0 units)
- Fiji (1.0 units)
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