Price for Electric Accumulators; Nickel-Iron, Including Separators, Whether or Not Rectangular (Including Square) in Sri Lanka - 2022

Contents:

1. Price for Electric Accumulators; Nickel-Iron, Including Separators, Whether or Not Rectangular (Including Square) in Sri Lanka (CIF) - 2022
2. Price for Electric Accumulators; Nickel-Iron, Including Separators, Whether or Not Rectangular (Including Square) in Sri Lanka (FOB) - 2022
3. Imports of Electric Accumulators; Nickel-Iron, Including Separators, Whether or Not Rectangular (Including Square) in Sri Lanka
4. Exports of Electric Accumulators; Nickel-Iron, Including Separators, Whether or Not Rectangular (Including Square) in Sri Lanka

Price for Electric Accumulators; Nickel-Iron, Including Separators, Whether or Not Rectangular (Including Square) in Sri Lanka (CIF) - 2022

The average import price for electric accumulators; nickel-iron, including separators, whether or not rectangular (including square)s stood at $527 per unit in 2022, surging by 64% against the previous year. Overall, the import price posted a significant expansion. The pace of growth appeared the most rapid in 2021 when the average import price increased by 170%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the immediate term.

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 Switzerland ($435 per unit), while the price for Japan ($15 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+22.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Electric Accumulators; Nickel-Iron, Including Separators, Whether or Not Rectangular (Including Square) in Sri Lanka (FOB) - 2022

In 2022, the average export price for electric accumulators; nickel-iron, including separators, whether or not rectangular (including square)s amounted to $31 per unit, approximately mirroring the previous year. Over the period under review, the export price showed significant growth. The most prominent rate of growth was recorded in 2016 when the average export price increased by 1,041%. Over the period under review, the average export prices hit record highs at $61 per unit in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Maldives.

From 2012 to 2022, the rate of growth in terms of prices for Maldives amounted to +17.0% per year.

Imports of Electric Accumulators; Nickel-Iron, Including Separators, Whether or Not Rectangular (Including Square) in Sri Lanka

Imports of electric accumulators; nickel-iron, including separators, whether or not rectangular (including square)s into Sri Lanka surged to 195 units in 2022, rising by 20% compared with 2021 figures. In general, imports recorded a significant expansion. The pace of growth appeared the most rapid in 2020 when imports increased by 264% against the previous year. As a result, imports attained the peak of 328 units. From 2021 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of electric accumulators; nickel-iron, including separators, whether or not rectangular (including square)s surged to $17K in 2022. Overall, imports saw a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Electric Accumulators; Nickel-Iron, Including Separators, Whether or Not Rectangular (Including Square) to Sri Lanka in 2022:

1. Japan (79.0 units)
2. China (74.0 units)
3. Germany (24.0 units)
4. Switzerland (11.0 units)

Exports of Electric Accumulators; Nickel-Iron, Including Separators, Whether or Not Rectangular (Including Square) in Sri Lanka

After two years of decline, shipments abroad of electric accumulators; nickel-iron, including separators, whether or not rectangular (including square)s decreased by 0% to 38 units in 2022. Overall, exports continue to indicate a dramatic contraction. The smallest decline of -50% was in 2020. The exports peaked at 76 units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of electric accumulators; nickel-iron, including separators, whether or not rectangular (including square)s totaled $1.2K in 2022. In general, exports saw a abrupt descent. The smallest decline of -20.8% was in 2020. The exports peaked at $1.5K in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Top Export Markets for Electric Accumulators; Nickel-Iron, Including Separators, Whether or Not Rectangular (Including Square) from Sri Lanka in 2022:

1. Maldives (38.0 units)

Source: IndexBox Market Intelligence Platform