Price for Floating Structures; Tanks, Coffer-Dams, Landing Stages, Buoys and Beacons in Sri Lanka - 2022

Contents:

1. Price for Floating Structures; Tanks, Coffer-Dams, Landing Stages, Buoys and Beacons in Sri Lanka (FOB) - 2022
2. Price for Floating Structures; Tanks, Coffer-Dams, Landing Stages, Buoys and Beacons in Sri Lanka (CIF) - 2022
3. Exports of Floating Structures; Tanks, Coffer-Dams, Landing Stages, Buoys and Beacons in Sri Lanka
4. Imports of Floating Structures; Tanks, Coffer-Dams, Landing Stages, Buoys and Beacons in Sri Lanka

Price for Floating Structures; Tanks, Coffer-Dams, Landing Stages, Buoys and Beacons in Sri Lanka (FOB) - 2022

The average export price for floating structures; tanks, coffer-dams, landing stages, buoys and beaconses stood at $16 per unit in 2022, which is down by -98.3% against the previous year. Overall, the export price saw a abrupt setback. The most prominent rate of growth was recorded in 2014 when the average export price increased by 412% against the previous year. Over the period under review, the average export prices hit record highs at $929 per unit in 2021, and then dropped markedly in the following year.

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 India amounted to +117.9% per year.

Price for Floating Structures; Tanks, Coffer-Dams, Landing Stages, Buoys and Beacons in Sri Lanka (CIF) - 2022

The average import price for floating structures; tanks, coffer-dams, landing stages, buoys and beaconses stood at $124 per unit in 2022, waning by -14.5% against the previous year. Over the period under review, the import price recorded a noticeable reduction. The pace of growth was the most pronounced in 2019 an increase of 218%. As a result, import price attained the peak level of $415 per unit. From 2020 to 2022, the average import prices remained at a somewhat lower figure.

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 the United Arab Emirates ($863 per unit), while the price for Indonesia ($62 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+13.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Floating Structures; Tanks, Coffer-Dams, Landing Stages, Buoys and Beacons in Sri Lanka

In 2022, approx. 78K units of floating structures; tanks, coffer-dams, landing stages, buoys and beaconses were exported from Sri Lanka; picking up by 20,202% compared with 2021 figures. Over the period under review, exports saw significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of floating structures; tanks, coffer-dams, landing stages, buoys and beaconses soared to $1.2M in 2022. Overall, exports saw significant growth. The growth pace was the most rapid in 2021 with an increase of 13,223%. Over the period under review, the exports of reached the maximum in 2022 and are likely to see steady growth in the near future.

Top Export Markets for Floating Structures; Tanks, Coffer-Dams, Landing Stages, Buoys and Beacons from Sri Lanka in 2022:

1. Maldives (78.4K units)

Imports of Floating Structures; Tanks, Coffer-Dams, Landing Stages, Buoys and Beacons in Sri Lanka

In 2022, purchases abroad of floating structures; tanks, coffer-dams, landing stages, buoys and beaconses decreased by -75.3% to 1.6K units for the first time since 2018, thus ending a three-year rising trend. Overall, imports, however, posted a strong expansion. The most prominent rate of growth was recorded in 2021 with an increase of 336% against the previous year. As a result, imports attained the peak of 6.5K units, and then reduced remarkably in the following year.

In value terms, imports of floating structures; tanks, coffer-dams, landing stages, buoys and beaconses declined markedly to $201K in 2022. Over the period under review, imports continue to indicate a sharp decline. The most prominent rate of growth was recorded in 2021 with an increase of 284% against the previous year. As a result, imports reached the peak of $948K, and then dropped markedly in the following year.

Top Suppliers of Floating Structures; Tanks, Coffer-Dams, Landing Stages, Buoys and Beacons to Sri Lanka in 2022:

1. China (1443.0 units)
2. Germany (54.0 units)
3. United Kingdom (52.0 units)
4. Indonesia (32.0 units)

Source: IndexBox Market Intelligence Platform