Price for Electrical Insulators of Any Material in Sri Lanka - 2021

Contents:

1. Price for Electrical Insulators of Any Material in Sri Lanka (CIF) - 2022
2. Price for Electrical Insulators of Any Material in Sri Lanka (FOB) - 2022
3. Imports of Electrical Insulators of Any Material in Sri Lanka
4. Exports of Electrical Insulators of Any Material in Sri Lanka

Price for Electrical Insulators of Any Material in Sri Lanka (CIF) - 2022

In 2022, the average import price for electrical insulators of any materials amounted to $2.1 per unit, with a decrease of -10.3% against the previous year. Over the period under review, the import price showed a mild reduction. The growth pace was the most rapid in 2018 when the average import price increased by 2,284%. As a result, import price reached the peak level of $52 per unit. From 2019 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($3.7 per unit), while the price for Ukraine ($1.1 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Iran (+17.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Electrical Insulators of Any Material in Sri Lanka (FOB) - 2022

In 2022, the average export price for electrical insulators of any materials amounted to $9.9 per unit, increasing by 5.9% against the previous year. Overall, the export price, however, showed a pronounced contraction. The growth pace was the most rapid in 2016 an increase of 145%. Over the period under review, the average export prices reached the maximum at $16 per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Ethiopia ($7.1 per unit), while the average price for exports to India ($2.2 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 Oman (+7.2%), while the prices for the other major destinations experienced a decline.

Imports of Electrical Insulators of Any Material in Sri Lanka

In 2022, the amount of electrical insulators of any materials imported into Sri Lanka declined dramatically to 1.5M units, reducing by -54.8% on 2021 figures. Over the period under review, imports showed a abrupt downturn. The most prominent rate of growth was recorded in 2021 with an increase of 37% against the previous year. As a result, imports attained the peak of 3.4M units, and then dropped rapidly in the following year.

In value terms, electrical insulators of any material imports fell remarkably to $3.2M in 2022. In general, imports continue to indicate a sharp slump. The pace of growth was the most pronounced in 2021 with an increase of 47% against the previous year. As a result, imports reached the peak of $8M, and then reduced sharply in the following year.

Top Suppliers of Electrical Insulators of Any Material to Sri Lanka in 2022:

1. China (913.1K units)
2. Ukraine (285.2K units)
3. Spain (166.9K units)
4. India (131.4K units)
5. Japan (8.3K units)
6. Russia (7.0K units)

Exports of Electrical Insulators of Any Material in Sri Lanka

In 2022, the amount of electrical insulators of any materials exported from Sri Lanka declined notably to 307 units, dropping by -77.2% against the previous year. Over the period under review, exports recorded a sharp downturn. The most prominent rate of growth was recorded in 2021 with an increase of 41%. Over the period under review, the exports reached the maximum at 1.7K units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, electrical insulators of any material exports fell dramatically to $3.1K in 2022. In general, exports saw a precipitous contraction. The growth pace was the most rapid in 2021 with an increase of 62%. As a result, the exports attained the peak of $13K, and then declined significantly in the following year.

Top Export Markets for Electrical Insulators of Any Material from Sri Lanka in 2022:

1. India (287.0 units)
2. Ethiopia (5.0 units)
3. Maldives (4.0 units)

Source: IndexBox Market Intelligence Platform