Sri Lanka - Motor Vehicle Engines (Spark-Ignition) - Market Analysis, Forecast, Size, Trends and Insights
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View PricingMotor Vehicle Engine Price in Sri Lanka - 2021
Contents:
- Motor Vehicle Engine Price in Sri Lanka (CIF) - 2022
- Motor Vehicle Engine Price in Sri Lanka (FOB) - 2022
- Motor Vehicle Engine Imports in Sri Lanka
- Motor Vehicle Engine Exports in Sri Lanka
Motor Vehicle Engine Price in Sri Lanka (CIF) - 2022
The average motor vehicle engine import price stood at $19 per unit in 2022, dropping by -3.1% against the previous year. Over the period under review, import price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, motor vehicle engine import price increased by +9.7% against 2017 indices. The pace of growth appeared the most rapid in 2017 an increase of 23%. The import price peaked at $19 per unit in 2021, and then dropped modestly in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($21 per unit), while the price for China ($12 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+7.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Motor Vehicle Engine Price in Sri Lanka (FOB) - 2022
The average motor vehicle engine export price stood at $15 per unit in 2022, which is down by -14.1% against the previous year. Over the period under review, export price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, motor vehicle engine export price increased by +66.1% against 2015 indices. The most prominent rate of growth was recorded in 2021 an increase of 43%. As a result, the export price attained the peak level of $17 per unit, and then contracted in the following year.
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 Malaysia ($38 per unit), while the average price for exports to the United Arab Emirates ($4.6 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 Malaysia (+8.0%), while the prices for the other major destinations experienced mixed trend patterns.
Motor Vehicle Engine Imports in Sri Lanka
In 2022, supplies from abroad of motor vehicle engines (spark-ignition) decreased by -28.1% to 220K units for the first time since 2018, thus ending a three-year rising trend. In general, imports, however, showed significant growth. The growth pace was the most rapid in 2021 with an increase of 139%. As a result, imports reached the peak of 306K units, and then fell markedly in the following year.
In value terms, motor vehicle engine imports declined significantly to $4.1M in 2022. Overall, imports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 154% against the previous year. As a result, imports attained the peak of $5.9M, and then fell notably in the following year.
| Import of Motor Vehicle Engine in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 690 | 717 | 3,099 | 1,626 | 33.1% |
| India | 59.8 | 185 | 417 | 1,049 | 159.8% |
| Japan | 726 | 895 | 1,564 | 972 | 10.2% |
| China | 290 | 264 | 331 | 265 | -3.0% |
| Germany | 112 | 101 | 112 | 65.4 | -16.4% |
| Others | 108 | 176 | 420 | 163 | 14.7% |
| Total | 1,986 | 2,337 | 5,943 | 4,140 | 27.7% |
Top Suppliers of Motor Vehicle Engine to Sri Lanka in 2022:
- Indonesia (79.4K units)
- Japan (55.4K units)
- India (51.0K units)
- China (22.7K units)
- Germany (3.4K units)
Motor Vehicle Engine Exports in Sri Lanka
In 2022, overseas shipments of motor vehicle engines (spark-ignition) increased by 6.8% to 2.1K units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, showed a deep slump. Over the period under review, the exports attained the maximum at 4.1K units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, motor vehicle engine exports declined to $31K in 2022. In general, exports, however, faced a abrupt setback. The most prominent rate of growth was recorded in 2021 with an increase of 20% against the previous year. Over the period under review, the exports attained the peak figure at $51K in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
| Export of Motor Vehicle Engine in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Maldives | 39.9 | 27.9 | 14.8 | 22.0 | -18.0% |
| Malaysia | 3.9 | 0.3 | 14.7 | 7.0 | 21.5% |
| United Arab Emirates | 2.5 | N/A | 2.5 | 1.2 | -21.7% |
| United Kingdom | 3.5 | N/A | 1.9 | 0.9 | -36.4% |
| Others | 1.2 | 0.1 | N/A | N/A | -91.7% |
| Total | 51.0 | 28.3 | 34.0 | 31.1 | -15.2% |
Top Export Markets for Motor Vehicle Engine from Sri Lanka in 2022:
- Maldives (1658.0 units)
- United Arab Emirates (259.0 units)
- Malaysia (186.0 units)
- United Kingdom (29.0 units)
This report provides an in-depth analysis of the motor vehicle engine market in Sri Lanka. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 29101100 - Spark-ignition reciprocating internal combustion piston engines, for the vehicles of HS .87 (excluding motorcycles), of a cylinder capacity . 1 .000 cm.
- Prodcom 29101200 - Spark-ignition reciprocating internal combustion piston engines, for the vehicles of HS .87 (excluding motorcycles), of a cylinder capacity > 1 .000 cm.
Country coverage:
- Sri Lanka
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Sri Lanka
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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