Price for Shavers; with Self-Contained Electric Motor in Sri Lanka - 2021

Price for Shavers; with Self-Contained Electric Motor in Sri Lanka (CIF) - 2022

In 2022, the average import price for shavers; with self-contained electric motors amounted to $20 per unit, growing by 27% against the previous year. Over the period under review, the import price saw a tangible expansion. The pace of growth appeared the most rapid in 2020 an increase of 174% against the previous year. The import price peaked at $26 per unit in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Singapore ($41 per unit), while the price for Hong Kong SAR ($17 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+20.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Shavers; with Self-Contained Electric Motor in Sri Lanka (FOB) - 2022

The average export price for shavers; with self-contained electric motors stood at $2.3 per unit in 2022, with a decrease of -3.8% against the previous year. Over the period under review, the export price recorded a precipitous decrease. The pace of growth appeared the most rapid in 2015 when the average export price increased by 22%. As a result, the export price reached the peak level of $59 per unit. From 2016 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($34 per unit), while the average price for exports to Singapore totaled $22 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (+6.6%), while the prices for the other major destinations experienced a decline.

Imports of Shavers; with Self-Contained Electric Motor in Sri Lanka

Shavers; with self-contained electric motor imports into Sri Lanka reduced rapidly to 5.7K units in 2022, declining by -65.4% on the previous year's figure. Overall, imports recorded a sharp descent. The smallest decline of -0.4% was in 2021. Over the period under review, imports attained the maximum at 39K units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, shavers; with self-contained electric motor imports plummeted to $114K in 2022. Over the period under review, imports faced a abrupt downturn. The pace of growth was the most pronounced in 2021 when imports increased by 36% against the previous year. As a result, imports reached the peak of $260K, and then declined rapidly in the following year.

Import of Shavers; with Self-Contained Electric Motor in Sri Lanka (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	85.0	121	93.7	10.9	-49.6%
Germany	0.2	0.1	N/A	9.5	262.2%
Indonesia	0.2	0.2	0.1	6.7	222.4%
Singapore	1.9	4.2	1.6	4.4	32.3%
Hong Kong SAR	0.2	0.1	3.0	2.0	115.4%
India	50.8	2.8	11.5	N/A	-52.4%
Others	26.9	63.2	150	80.4	44.0%
Total	165	192	260	114	-11.6%

Top Suppliers of Shavers; with Self-Contained Electric Motor to Sri Lanka in 2022:

China (563.0 units)
Germany (300.0 units)
Indonesia (293.0 units)
Hong Kong SAR (115.0 units)
Singapore (109.0 units)

Exports of Shavers; with Self-Contained Electric Motor in Sri Lanka

In 2022, shavers; with self-contained electric motor exports from Sri Lanka soared to 83 units, with an increase of 60% on 2021 figures. Over the period under review, exports posted a resilient increase. The most prominent rate of growth was recorded in 2020 when exports increased by 75% against the previous year. As a result, the exports attained the peak of 114 units. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, shavers; with self-contained electric motor exports skyrocketed to $192 in 2022. Overall, exports, however, recorded a deep reduction. The exports peaked at $363 in 2019; however, from 2020 to 2022, the exports failed to regain momentum.