Sri Lanka: Appliance Part Brush Market 2024

Appliance Part Brush Market Size in Sri Lanka

In 2022, after three years of growth, there was significant decline in the Sri Lankan appliance part brush market, when its value decreased by -26.5% to $X. Over the period under review, consumption saw a relatively flat trend pattern. Appliance part brush consumption peaked at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Appliance Part Brush Exports

Exports from Sri Lanka

In 2022, appliance part brush exports from Sri Lanka shrank rapidly to X units, falling by -80.3% against the year before. In general, exports recorded a pronounced curtailment. The most prominent rate of growth was recorded in 2016 when exports increased by 2,933%. As a result, the exports reached the peak of X units. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, appliance part brush exports declined markedly to $X in 2022. Over the period under review, exports, however, saw a remarkable increase. The most prominent rate of growth was recorded in 2016 when exports increased by 5,049%. As a result, the exports reached the peak of $X. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Seychelles (X units), Germany (X units) and Maldives (X units) were the main destinations of appliance part brush exports from Sri Lanka, with a combined 98% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Seychelles (with a CAGR of +55.2%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) emerged as the key foreign market for brushes constituting parts of appliances exports from Sri Lanka, comprising 64% of total exports. The second position in the ranking was held by Maldives ($X), with a 28% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Germany stood at +98.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Maldives (+112.0% per year) and Seychelles (+44.4% per year).

Export Prices by Country

The average appliance part brush export price stood at $X per unit in 2022, with an increase of 129% against the previous year. Overall, the export price saw strong growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to Seychelles ($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 the UK (+60.6%), while the prices for the other major destinations experienced more modest paces of growth.

Appliance Part Brush Imports

Imports into Sri Lanka

After two years of growth, supplies from abroad of brushes constituting parts of appliances decreased by -29.8% to X units in 2022. In general, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of 121%. Imports peaked at X units in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, appliance part brush imports contracted markedly to $X in 2022. Overall, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when imports increased by 58% against the previous year. Over the period under review, imports attained the maximum at $X in 2016; however, from 2017 to 2022, imports remained at a lower figure.

Imports by Country

India (X units), China (X units) and Malaysia (X units) were the main suppliers of appliance part brush imports to Sri Lanka, together comprising 55% of total imports. Italy, Germany, Japan, Taiwan (Chinese) and the United States lagged somewhat behind, together accounting for a further 35%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Taiwan (Chinese) (with a CAGR of +21.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest appliance part brush suppliers to Sri Lanka were India ($X), China ($X) and Malaysia ($X), with a combined 55% share of total imports. Italy, Germany, Japan, Taiwan (Chinese) and the United States lagged somewhat behind, together comprising a further 35%.

In terms of the main suppliers, Taiwan (Chinese), with a CAGR of +21.4%, 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 appliance part brush import price amounted to $X per unit, picking up by 6.2% against the previous year. In general, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by 23% against the previous year. The import price peaked at $X per unit in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were India ($X per unit) and Japan ($X per unit), while the price for Taiwan (Chinese) ($X per unit) and Italy ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+2.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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