Sri Lanka: Market for Diesel or Semi-Diesel Electric Generating Sets of Output Over 75 kVA but Under 375 kVA 2024

Market Size for Diesel or Semi-Diesel Electric Generating Sets of Output Over 75 kVA but Under 375 kVA in Sri Lanka

In 2022, the Sri Lankan market for diesel or semi-diesel electric generating sets of output over X kVA but under X kVA increased by 17% to $X, rising for the second year in a row after three years of decline. Overall, consumption recorded a modest increase. Over the period under review, the market attained the peak level at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Exports of Diesel or Semi-Diesel Electric Generating Sets of Output Over 75 kVA but Under 375 kVA

Exports from Sri Lanka

For the third consecutive year, Sri Lanka recorded decline in overseas shipments of diesel or semi-diesel electric generating sets of output over X kVA but under X kVA, which decreased by -62.5% to X units in 2022. Over the period under review, exports showed a abrupt slump. The pace of growth was the most pronounced in 2017 with an increase of 114%. As a result, the exports reached the peak of X units. From 2018 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of diesel or semi-diesel electric generating sets of output over X kVA but under X kVA contracted remarkably to $X in 2022. Overall, exports showed a abrupt setback. The pace of growth was the most pronounced in 2017 with an increase of 121%. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports of remained at a lower figure.

Exports by Country

Iran (X units), Maldives (X units) and South Korea (X units) were the main destinations of exports of diesel or semi-diesel electric generating sets of output over X kVA but under X kVA from Sri Lanka.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by South Korea (with a CAGR of 0.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for diesel or semi-diesel electric generating set of output over X kVA but under X kVA exported from Sri Lanka were Iran ($X), South Korea ($X) and Maldives ($X).

South Korea, with a CAGR of 0.0%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average export price for diesel or semi-diesel electric generating sets of output over X kVA but under X kVA amounted to $X per unit, rising by 81% against the previous year. In general, export price indicated a resilient increase from 2012 to 2022: its price increased at an average annual rate of +7.9% 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 2013 when the average export price increased by 83% against the previous year. The export price peaked in 2022 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Iran ($X per unit), while the average price for exports to Maldives ($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 Maldives (-3.9%), while the prices for the other major destinations experienced a decline.

Imports of Diesel or Semi-Diesel Electric Generating Sets of Output Over 75 kVA but Under 375 kVA

Imports into Sri Lanka

In 2022, overseas purchases of diesel or semi-diesel electric generating sets of output over X kVA but under X kVA increased by 31% to X units, rising for the second year in a row after three years of decline. In general, imports enjoyed a noticeable expansion. The pace of growth was the most pronounced in 2015 with an increase of 110%. Imports peaked at X units in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of diesel or semi-diesel electric generating sets of output over X kVA but under X kVA shrank to $X in 2022. Overall, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when imports increased by 50%. Over the period under review, imports of attained the maximum at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China (X units), Thailand (X units) and Japan (X units) were the main suppliers of imports of diesel or semi-diesel electric generating sets of output over X kVA but under X kVA to Sri Lanka, together comprising 65% of total imports. India, Turkey, the UK, Albania and Singapore lagged somewhat behind, together comprising a further 28%.

From 2012 to 2022, the biggest increases were recorded for Albania (with a CAGR of +154.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest diesel or semi-diesel electric generating set of output over X kVA but under X kVA suppliers to Sri Lanka were China ($X), India ($X) and the UK ($X), with a combined 71% share of total imports. Turkey, Singapore, Albania, Japan and Thailand lagged somewhat behind, together comprising a further 20%.

Albania, with a CAGR of +117.8%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for diesel or semi-diesel electric generating sets of output over X kVA but under X kVA stood at $X per unit in 2022, which is down by -25.9% against the previous year. Over the period under review, the import price continues to indicate a perceptible setback. The most prominent rate of growth was recorded in 2019 an increase of 55% against the previous year. Over the period under review, average import prices reached the maximum at $X per unit in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+1.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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