Report Update Jan 1, 2025

Sri Lanka - Concrete-Mixer Lorries - Market Analysis, Forecast, Size, Trends and Insights

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Sri Lanka: Concrete-Mixer Lorry Market 2025

Concrete-Mixer Lorry Market Size in Sri Lanka

In 2022, after two years of growth, there was significant decline in the Sri Lankan concrete-mixer lorry market, when its value decreased by -64.9% to $X. Overall, consumption saw a abrupt setback. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Concrete-Mixer Lorry Exports

Exports from Sri Lanka

In 2022, approx. X units of concrete-mixer lorries were exported from Sri Lanka; which is down by -33.3% against the previous year. Over the period under review, exports recorded a abrupt setback. The most prominent rate of growth was recorded in 2014 with an increase of 200%. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, concrete-mixer lorry exports shrank significantly to $X in 2022. In general, exports, however, posted strong growth. The pace of growth appeared the most rapid in 2017 when exports increased by 880% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Maldives (X units) was the main destination for concrete-mixer lorry exports from Sri Lanka, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Maldives stood at +7.2%.

In value terms, Maldives ($X) also remains the key foreign market for concrete-mixer lorries exports from Sri Lanka.

From 2012 to 2022, the average annual growth rate of value to Maldives stood at +41.8%.

Export Prices by Country

The average concrete-mixer lorry export price stood at $X per unit in 2022, surging by 1.6% against the previous year. Overall, the export price posted a strong increase. The growth pace was the most rapid in 2017 when the average export price increased by 635%. As a result, the export price reached the peak level of $X per unit. From 2018 to 2022, the average export prices remained at a lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Maldives amounted to +32.3% per year.

Concrete-Mixer Lorry Imports

Imports into Sri Lanka

In 2022, after two years of growth, there was significant decline in purchases abroad of concrete-mixer lorries, when their volume decreased by -65.7% to X units. Over the period under review, imports continue to indicate a precipitous setback. The pace of growth appeared the most rapid in 2021 when imports increased by 94% against the previous year. Over the period under review, imports reached the maximum at X units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, concrete-mixer lorry imports declined dramatically to $X in 2022. Overall, imports showed a abrupt curtailment. The most prominent rate of growth was recorded in 2021 when imports increased by 73%. Over the period under review, imports reached the maximum at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Japan (X units) constituted the largest concrete-mixer lorry supplier to Sri Lanka, accounting for a 54% share of total imports. Moreover, concrete-mixer lorry imports from Japan exceeded the figures recorded by the second-largest supplier, China (X units), twofold. The third position in this ranking was taken by India (X units), with a 17% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Japan amounted to -24.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-10.4% per year) and India (-14.9% per year).

In value terms, Japan ($X), China ($X) and India ($X) appeared to be the largest concrete-mixer lorry suppliers to Sri Lanka, together accounting for 97% of total imports.

In terms of the main suppliers, China, with a CAGR of -10.6%, 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 a decline.

Import Prices by Country

The average concrete-mixer lorry import price stood at $X per unit in 2022, increasing by 12% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +5.9%. The growth pace was the most rapid in 2013 when the average import price increased by 65% against the previous year. The import price peaked at $X per unit in 2020; however, from 2021 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 Japan (+7.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for concrete-mixer lorries in the world?

Germany constituted the country with the largest volume of concrete-mixer lorry consumption, comprising approx. 22% of total volume. Moreover, concrete-mixer lorry consumption in Germany exceeded the figures recorded by the second-largest consumer, China, threefold. The third position in this ranking was occupied by Japan, with a 6.5% share.

What are the largest producers of concrete-mixer lorries in the world?

The countries with the highest volumes of in 2021 were Germany, China and Japan, together comprising 68% of global production. Spain, the United States, South Korea and Italy lagged somewhat behind, together comprising a further 19%.

What are the leading suppliers of concrete-mixer lorries to Sri Lanka?

In value terms, the largest concrete-mixer lorry suppliers to Sri Lanka were South Korea, China and Italy, with a combined 63% share of total imports. The UK, India and Japan lagged somewhat behind, together comprising a further 36%.

What are the leading importers of concrete-mixer lorries from Sri Lanka?

In value terms, Maldives remains the key foreign market for concrete-mixer lorry exports from Sri Lanka.

What is the average export price for concrete-mixer lorries in Sri Lanka?

The average concrete-mixer lorry export price stood at $14,241 per unit in 2021, dropping by -4.1% against the previous year.

What is the average import price for concrete-mixer lorries in Sri Lanka?

In 2021, the average concrete-mixer lorry import price amounted to $60,047 per unit, jumping by 20% against the previous year.

This report provides an in-depth analysis of the concrete-mixer lorry market in Sri Lanka. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 29105950 - Concrete-mixer lorries

Country coverage:

Sri Lanka

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Sri Lanka
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
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This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2024
22. Production, In Value Terms, 2012–2024
23. Imports, In Physical Terms, 2012–2024
24. Imports, In Value Terms, 2012–2024
25. Imports, In Physical Terms, By Country, 2024
26. Imports, In Physical Terms, By Country, 2012–2024
27. Imports, In Value Terms, By Country, 2012–2024
28. Import Prices, By Country Of Origin, 2012–2024
29. Exports, In Physical Terms, 2012–2024
30. Exports, In Value Terms, 2012–2024
31. Exports, In Physical Terms, By Country, 2024
32. Exports, In Physical Terms, By Country, 2012–2024
33. Exports, In Value Terms, By Country, 2012–2024
34. Export Prices, By Country Of Destination, 2012–2024