Price for Lighters; Pocket, Cigarette, Gas Fuelled, Non-Refillable in Sri Lanka - 2022

Contents:

1. Price for Lighters; Pocket, Cigarette, Gas Fuelled, Non-Refillable in Sri Lanka (CIF) - 2022
2. Price for Lighters; Pocket, Cigarette, Gas Fuelled, Non-Refillable in Sri Lanka (FOB) - 2022
3. Imports of Lighters; Pocket, Cigarette, Gas Fuelled, Non-Refillable in Sri Lanka
4. Exports of Lighters; Pocket, Cigarette, Gas Fuelled, Non-Refillable in Sri Lanka

Price for Lighters; Pocket, Cigarette, Gas Fuelled, Non-Refillable in Sri Lanka (CIF) - 2022

The average import price for lighters; pocket, cigarette, gas fuelled, non-refillables stood at $0.1 per unit in 2022, rising by 7.1% against the previous year. Overall, the import price, however, showed a abrupt decline. The pace of growth was the most pronounced in 2016 when the average import price increased by 52%. As a result, import price reached the peak level of $0.4 per unit. From 2017 to 2022, the average import prices failed to regain momentum.

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 ($0.4 per unit), while the price for China ($0.1 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+3.1%), while the prices for the other major suppliers experienced a decline.

Price for Lighters; Pocket, Cigarette, Gas Fuelled, Non-Refillable in Sri Lanka (FOB) - 2022

The average export price for lighters; pocket, cigarette, gas fuelled, non-refillables stood at $4.1 per unit in 2022, jumping by 1,254% against the previous year. In general, the export price posted a significant increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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 +15.3% per year.

Imports of Lighters; Pocket, Cigarette, Gas Fuelled, Non-Refillable in Sri Lanka

In 2022, the amount of lighters; pocket, cigarette, gas fuelled, non-refillables imported into Sri Lanka fell to 3.9M units, which is down by -14.9% compared with 2021 figures. In general, imports, however, continue to indicate a significant increase. The growth pace was the most rapid in 2021 when imports increased by 4,675%. As a result, imports attained the peak of 4.6M units, and then reduced in the following year.

In value terms, imports of lighters; pocket, cigarette, gas fuelled, non-refillables shrank to $538K in 2022. Over the period under review, imports, however, enjoyed a significant increase. The growth pace was the most rapid in 2021 with an increase of 3,810%. As a result, imports attained the peak of $590K, and then contracted in the following year.

Top Suppliers of Lighters; Pocket, Cigarette, Gas Fuelled, Non-Refillable to Sri Lanka in 2022:

1. China (3058.3K units)
2. Spain (733.6K units)
3. France (131.0K units)
4. United Arab Emirates (15.1K units)

Exports of Lighters; Pocket, Cigarette, Gas Fuelled, Non-Refillable in Sri Lanka

In 2022, overseas shipments of lighters; pocket, cigarette, gas fuelled, non-refillables decreased by 99.9% to 7 units, falling for the second year in a row after two years of growth. Over the period under review, exports saw a precipitous decline. The pace of growth was the most pronounced in 2020 with an increase of 4%. As a result, the exports reached the peak of 1.1M units. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of lighters; pocket, cigarette, gas fuelled, non-refillables shrank dramatically to $29 in 2022. In general, exports saw a dramatic shrinkage. The growth pace was the most rapid in 2020 when exports increased by 6.6%. Over the period under review, the exports of hit record highs at $332K in 2021, and then dropped notably in the following year.

Top Export Markets for Lighters; Pocket, Cigarette, Gas Fuelled, Non-Refillable from Sri Lanka in 2022:

1. Maldives (7.0 units)

Source: IndexBox Market Intelligence Platform