Report Update Nov 1, 2024

Sri Lanka - Bending or Assembling Machines - Market Analysis, Forecast, Size, Trends and Insights

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Sri Lanka: Wood Bending Machine Market 2024

Wood Bending Machine Market Size in Sri Lanka

The Sri Lankan wood bending machine market surged to $X in 2021, with an increase of 51% against the previous year. Overall, consumption continues to indicate significant growth. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Wood Bending Machine Production in Sri Lanka

In value terms, wood bending machine production fell modestly to $X in 2021 estimated in export price. In general, production saw a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the production volume increased by 3.9%. Wood bending machine production peaked at $X in 2020, and then fell modestly in the following year.

Wood Bending Machine Exports

Exports from Sri Lanka

Wood bending machine exports from Sri Lanka was estimated at X units in 2021, remaining constant against the previous year's figure. In general, exports recorded a dramatic curtailment. The smallest decline of 99.9% was in 2017. Over the period under review, the exports attained the peak figure at X units in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, wood bending machine exports skyrocketed to $X in 2021. Over the period under review, exports showed a sharp shrinkage. The most prominent rate of growth was recorded in 2015 with an increase of 11,275%. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

India (X units) was the main destination for wood bending machine exports from Sri Lanka, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to India amounted to -30.9%.

In value terms, India ($X) also remains the key foreign market for bending or assembling machines exports from Sri Lanka.

From 2012 to 2021, the average annual rate of growth in terms of value to India totaled -27.1%.

Export Prices by Country

In 2021, the average wood bending machine export price amounted to $X per unit, reducing by -19.4% against the previous year. Overall, the export price, however, showed a resilient increase. The growth pace was the most rapid in 2015 when the average export price increased by 46,268% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2016 to 2021, the average export prices remained at a lower figure.

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

From 2012 to 2021, the rate of growth in terms of prices for Maldives amounted to +300.3% per year.

Wood Bending Machine Imports

Imports into Sri Lanka

In 2021, imports of bending or assembling machines into Sri Lanka surged to X units, picking up by 85% on the year before. Over the period under review, imports posted a significant expansion. The growth pace was the most rapid in 2020 when imports increased by 560%. Imports peaked at X units in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, wood bending machine imports skyrocketed to $X in 2021. In general, imports enjoyed a prominent expansion. The pace of growth appeared the most rapid in 2020 when imports increased by 666% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

Thailand (X units), China (X units) and Hong Kong SAR (X units) were the main suppliers of wood bending machine imports to Sri Lanka, together accounting for 85% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Thailand (with a CAGR of +33.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Taiwan (Chinese) ($X) and Thailand ($X) constituted the largest wood bending machine suppliers to Sri Lanka, with a combined 92% share of total imports.

In terms of the main suppliers, Taiwan (Chinese), with a CAGR of +38.3%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average wood bending machine import price amounted to $X per unit, declining by -10.1% against the previous year. Overall, the import price saw a abrupt slump. The growth pace was the most rapid in 2014 an increase of 15%. The import price peaked at $X per unit in 2012; however, from 2013 to 2021, 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 Taiwan (Chinese) ($X per unit), while the price for the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+3.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for bending or assembling machines in the world?

South Africa constituted the country with the largest volume of wood bending machine consumption, comprising approx. 71% of total volume. Moreover, wood bending machine consumption in South Africa exceeded the figures recorded by the second-largest consumer, Brazil, fourfold. The United States ranked third in terms of total consumption with a 3.4% share.

What are the largest producers of bending or assembling machines in the world?

The countries with the highest volumes of wood bending machine production in 2021 were Austria, China and Germany, with a combined 48% share of global production.

What are the leading suppliers of bending or assembling machines to Sri Lanka?

In value terms, Taiwan Chinese) constituted the largest supplier of wood bending machine to Sri Lanka, comprising 49% of total imports. The second position in the ranking was occupied by Japan, with a 14% share of total imports. It was followed by Thailand, with an 11% share.

What are the leading importers of bending or assembling machines from Sri Lanka?

In value terms, India $436) remains the key foreign market for wood bending machine exports from Sri Lanka.

What is the average export price for bending or assembling machines in Sri Lanka?

In 2021, the average wood bending machine export price amounted to $218 per unit, picking up by 10% against the previous year.

What is the average import price for bending or assembling machines in Sri Lanka?

In 2021, the average wood bending machine import price amounted to $3,729 per unit, picking up by 385% against the previous year.

This report provides an in-depth analysis of the wood bending machine market in Sri Lanka. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 28491265 - Bending or assembling machines for working wood, cork, b one, hard rubber, hard plastics or similar hard materials

Country coverage:

Sri Lanka

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Sri Lanka
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023