Sri Lanka: Special Vehicle Body Market 2025

Special Vehicle Body Market Size in Sri Lanka

The Sri Lankan special vehicle body market declined to $X in 2022, which is down by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption continues to indicate a perceptible decrease. Special vehicle body consumption peaked at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Special Vehicle Body Exports

Exports from Sri Lanka

In 2022, the amount of bodies for special purpose motor vehicles exported from Sri Lanka surged to X units, rising by X% on the year before. Overall, exports recorded a resilient increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, special vehicle body exports soared to $X in 2022. In general, exports posted significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

China (X units) was the main destination for special vehicle body exports from Sri Lanka, accounting for a X% share of total exports. Moreover, special vehicle body exports to China exceeded the volume sent to the second major destination, Maldives (X units), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to China amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Maldives (X% per year) and Denmark (X% per year).

In value terms, China ($X) emerged as the key foreign market for bodies for special purpose motor vehicles exports from Sri Lanka, comprising X% of total exports. The second position in the ranking was taken by Denmark ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to China totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (X.3% per year) and Maldives (X% per year).

Export Prices by Country

In 2022, the average special vehicle body export price amounted to $X per unit, picking up by X% against the previous year. Over the period under review, the export price continues to indicate a resilient expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was China ($X per unit), while the average price for exports to Maldives ($X 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 Denmark (X.3%), while the prices for the other major destinations experienced more modest paces of growth.

Special Vehicle Body Imports

Imports into Sri Lanka

In 2022, imports of bodies for special purpose motor vehicles into Sri Lanka reduced sharply to X units, with a decrease of X% compared with the year before. In general, imports showed a perceptible decrease. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Imports peaked at X units in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, special vehicle body imports soared to $X in 2022. Over the period under review, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Imports peaked at $X in 2016; however, from 2017 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, India (X units) constituted the largest special vehicle body supplier to Sri Lanka, accounting for a X% share of total imports. Moreover, special vehicle body imports from India exceeded the figures recorded by the second-largest supplier, Japan (X units), twofold.

From 2012 to 2022, the average annual growth rate of volume from India totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (X% per year) and China (X% per year).

In value terms, India ($X) constituted the largest supplier of bodies for special purpose motor vehicles to Sri Lanka, comprising X% of total imports. The second position in the ranking was held by China ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value from India totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Japan (X% per year).

Import Prices by Country

In 2022, the average special vehicle body import price amounted to $X per unit, increasing by X% against the previous year. Overall, import price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, special vehicle body import price increased by X% against 2020 indices. Over the period under review, average import prices attained the peak figure at $X per unit in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per unit), while the price for Japan ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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