Sri Lanka: Breathing Appliances Market 2024

Breathing Appliances Market Size in Sri Lanka

In 2022, the Sri Lankan breathing appliances market decreased by -63.3% to $X for the first time since 2017, thus ending a four-year rising trend. Overall, consumption recorded a abrupt shrinkage. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

Breathing Appliances Exports

Exports from Sri Lanka

In 2022, the amount of breathing appliances and gas masks exported from Sri Lanka fell remarkably to X units, waning by -58.7% on the year before. Overall, exports, however, enjoyed prominent growth. The most prominent rate of growth was recorded in 2013 with an increase of 2,095%. Over the period under review, the exports attained the maximum at X units in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, breathing appliances exports contracted to $X in 2022. In general, exports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of 918%. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

Maldives (X units), Seychelles (X units) and Malaysia (X units) were the main destinations of breathing appliances exports from Sri Lanka, together accounting for 91% of total exports.

From 2012 to 2022, the biggest increases were recorded for Seychelles (with a CAGR of +78.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X) remains the key foreign market for breathing appliances and gas masks exports from Sri Lanka, comprising 60% of total exports. The second position in the ranking was held by Australia ($X), with a 26% share of total exports. It was followed by Seychelles, with a 9.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Malaysia totaled +64.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (+158.9% per year) and Seychelles (+122.7% per year).

Export Prices by Country

The average breathing appliances export price stood at $X per unit in 2022, increasing by 115% against the previous year. Over the period under review, the export price showed a buoyant expansion. As a result, the export price reached 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 Australia ($X per unit), while the average price for exports to Central African Republic ($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 Kuwait (+326.7%), while the prices for the other major destinations experienced more modest paces of growth.

Breathing Appliances Imports

Imports into Sri Lanka

After two years of growth, purchases abroad of breathing appliances and gas masks decreased by -71.7% to X units in 2022. Overall, imports continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2014 with an increase of 175%. As a result, imports reached the peak of X units. From 2015 to 2022, the growth of imports failed to regain momentum.

In value terms, breathing appliances imports fell remarkably to $X in 2022. Over the period under review, imports saw a noticeable slump. The most prominent rate of growth was recorded in 2014 with an increase of 246% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest breathing appliances supplier to Sri Lanka, accounting for a 61% share of total imports. Moreover, breathing appliances imports from China exceeded the figures recorded by the second-largest supplier, the UK (X units), fourfold. The third position in this ranking was held by France (X units), with a 5.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +3.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (-9.4% per year) and France (-3.8% per year).

In value terms, the largest breathing appliances suppliers to Sri Lanka were Germany ($X), France ($X) and China ($X), together comprising 74% of total imports.

Among the main suppliers, China, with a CAGR of +9.9%, recorded 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 2022, the average breathing appliances import price amounted to $X per unit, increasing by 52% against the previous year. Overall, import price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 an increase of 54% against the previous year. The import price peaked in 2022 and is expected to retain growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+12.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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