Sri Lanka: Market for Instrument Panel And Wall Clocks 2022

Market Size for Instrument Panel And Wall Clocks in Sri Lanka

The Sri Lankan market for instrument panel and wall clocks surged to $X in 2020, increasing by X% against the previous year. In general, consumption saw a resilient expansion. The pace of growth was the most pronounced in 2010 with an increase of X% against the previous year. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2020, consumption stood at a somewhat lower figure.

Production of Instrument Panel And Wall Clocks in Sri Lanka

In value terms, instrument panel and wall clock production contracted to $X in 2020 estimated in export prices. Over the period under review, production recorded a perceptible curtailment. The most prominent rate of growth was recorded in 2009 with an increase of X% against the previous year. Instrument panel and wall clock production peaked at $X in 2011; however, from 2012 to 2020, production stood at a somewhat lower figure.

Exports of Instrument Panel And Wall Clocks

Exports from Sri Lanka

In 2020, approx. X tons of instrument panel and wall clocks were exported from Sri Lanka; picking up by X% against the previous year's figure. Over the period under review, exports continue to indicate prominent growth. The pace of growth was the most pronounced in 2018 when exports increased by X% y-o-y. As a result, exports attained the peak of X tons. from 2019 to 2020, the growth exports failed to regain the momentum.

In value terms, instrument panel and wall clock exports soared to $X in 2020. Overall, exports posted a strong increase. The most prominent rate of growth was recorded in 2008 with an increase of X% y-o-y. Over the period under review, exports hit record highs at $X in 2009; however, from 2010 to 2020, exports stood at a somewhat lower figure.

Exports by Country

Poland (X kg), the United States (X kg) and the UK (X kg) were the main destinations of instrument panel and wall clock exports from Sri Lanka, together accounting for X% of total exports.

From 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Poland, while exports for the other leaders experienced mixed trend patterns.

In value terms, the largest markets for instrument panel and wall clock exported from Sri Lanka were the United States ($X), the UK ($X) and Poland ($X), with a combined X% share of total exports.

Among the main countries of destination, Poland (+X% per year) saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2020, the average export price for instrument panel and wall clocks amounted to $X per ton, reducing by -X% against the previous year. Over the period under review, the export price showed a deep downturn. The pace of growth was the most pronounced in 2008 when the average export price increased by X% against the previous year. Over the period under review, average export prices reached the peak figure at $X per ton in 2009; however, from 2010 to 2020, export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was the UK ($X per ton), while the average price for exports to Poland ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to the UK, while the prices for the other major destinations experienced a decline.

Imports of Instrument Panel And Wall Clocks

Imports into Sri Lanka

In 2020, instrument panel and wall clock imports into Sri Lanka skyrocketed to X tons, picking up by X% against 2019. In general, imports showed a resilient increase. The most prominent rate of growth was recorded in 2018 with an increase of X% year-to-year. As a result, imports reached the peak of X tons. from 2019 to 2020, the growth imports remained at a somewhat lower figure.

In value terms, instrument panel and wall clock imports shrank significantly to $X in 2020. Over the period under review, imports posted moderate growth. The pace of growth appeared the most rapid in 2010 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2015; however, from 2016 to 2020, imports remained at a lower figure.

Imports by Country

In 2020, China (X tons) constituted the largest instrument panel and wall clock supplier to Sri Lanka, accounting for a X% share of total imports. Moreover, instrument panel and wall clock imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), fourfold.

From 2007 to 2020, the average annual growth rate of volume from China totaled +X%.

In value terms, China ($X) constituted the largest supplier of instrument panel and wall clock to Sri Lanka, comprising X% of total imports. The second position in the ranking was occupied by India ($X), with a X% share of total imports.

From 2007 to 2020, the average annual rate of growth in terms of value from China totaled +X%.

Import Prices by Country

The average import price for instrument panel and wall clocks stood at $X per ton in 2020, dropping by -X% against the previous year. Over the period under review, the import price recorded a perceptible downturn. The most prominent rate of growth was recorded in 2019 an increase of X% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2011; however, from 2012 to 2020, import prices failed to regain the momentum.

Average prices varied noticeably amongst the major supplying countries. In 2020, the country with the highest price was India ($X per ton), while the price for China stood at $X per ton.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by India.

Source: IndexBox Platform

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