Sri Lanka: Market for Central Heating Boilers, For Producing Hot Water Or Low Pressure Steam 2024

Exports of Central Heating Boilers, For Producing Hot Water Or Low Pressure Steam

Exports from Sri Lanka

In 2022, overseas shipments of central heating boilers, for producing hot water or low pressure steam decreased by 0% to X units, falling for the third year in a row after three years of growth. In general, exports saw a precipitous slump. The most prominent rate of growth was recorded in 2019 when exports increased by 133% against the previous year. Over the period under review, the exports of reached the maximum at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, exports of central heating boilers, for producing hot water or low pressure steam totaled $X in 2022. Overall, exports saw a sharp downturn. The most prominent rate of growth was recorded in 2019 when exports increased by 199%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Thailand (X units) was the main destination for exports of central heating boilers, for producing hot water or low pressure steam from Sri Lanka, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Thailand was relatively modest.

In value terms, Thailand ($X) emerged as the key foreign market for central heating boilers, for producing hot water or low pressure steam exports from Sri Lanka.

From 2012 to 2022, the average annual growth rate of value to Thailand was relatively modest.

Export Prices by Country

In 2022, the average export price for central heating boilers, for producing hot water or low pressure steam amounted to $X per unit, declining by -2.5% against the previous year. Overall, export price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for central heating boilers, for producing hot water or low pressure steam increased by +77.6% against 2017 indices. The most prominent rate of growth was recorded in 2021 when the average export price increased by 35% against the previous year. As a result, the export price reached the peak level of $X per unit, and then reduced modestly in the following year.

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

From 2012 to 2022, the rate of growth in terms of prices for Bangladesh amounted to +7.1% per year.

Imports of Central Heating Boilers, For Producing Hot Water Or Low Pressure Steam

Imports into Sri Lanka

After two years of growth, supplies from abroad of central heating boilers, for producing hot water or low pressure steam decreased by -48.8% to X units in 2022. In general, imports continue to indicate a deep setback. The most prominent rate of growth was recorded in 2013 when imports increased by 162% against the previous year. As a result, imports reached the peak of X units. From 2014 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of central heating boilers, for producing hot water or low pressure steam contracted markedly to $X in 2022. Overall, imports continue to indicate a abrupt curtailment. The pace of growth appeared the most rapid in 2013 with an increase of 138% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports of failed to regain momentum.

Imports by Country

In 2022, India (X units) constituted the largest central heating boilers, for producing hot water or low pressure steam supplier to Sri Lanka, with a 80% share of total imports. Moreover, imports of central heating boilers, for producing hot water or low pressure steam from India exceeded the figures recorded by the second-largest supplier, Japan (X units), sevenfold. The third position in this ranking was taken by the United Arab Emirates (X units), with a 4.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from India totaled -4.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+22.7% per year) and the United Arab Emirates (-21.8% per year).

In value terms, India ($X) constituted the largest supplier of central heating boilers, for producing hot water or low pressure steam to Sri Lanka, comprising 80% of total imports. The second position in the ranking was held by Japan ($X), with a 12% share of total imports. It was followed by the United Arab Emirates, with a 4.4% share.

From 2012 to 2022, the average annual growth rate of value from India stood at -1.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+27.1% per year) and the United Arab Emirates (-18.2% per year).

Import Prices by Country

The average import price for central heating boilers, for producing hot water or low pressure steam stood at $X per unit in 2022, with a decrease of -7.2% against the previous year. Over the period under review, import price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for central heating boilers, for producing hot water or low pressure steam decreased by -8.1% against 2020 indices. The pace of growth was the most pronounced in 2019 when the average import price increased by 81% against the previous year. Over the period under review, average import prices attained the peak figure at $X per unit in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from China ($X per unit) and India ($X per unit), while the price for Ireland ($X per unit) and the United Arab Emirates ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+5.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :