Sri Lanka: Market for Electronic Instruments And Machines For Measuring Geometrical Quantities 2024

Market Size for Electronic Instruments And Machines For Measuring Geometrical Quantities in Sri Lanka

In 2022, the Sri Lankan geometrical quantities electronic measurer market decreased by -7.2% to $X, falling for the second year in a row after two years of growth. Overall, consumption recorded a slight curtailment. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

Production of Electronic Instruments And Machines For Measuring Geometrical Quantities in Sri Lanka

In value terms, geometrical quantities electronic measurer production amounted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.3% from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 when the production volume increased by 18%. Over the period under review, production hit record highs at $X in 2015; however, from 2016 to 2022, production remained at a lower figure.

Exports of Electronic Instruments And Machines For Measuring Geometrical Quantities

Exports from Sri Lanka

For the third consecutive year, Sri Lanka recorded growth in shipments abroad of electronic instruments and machines for measuring geometrical quantities, which increased by 7.5% to X units in 2022. Over the period under review, exports showed buoyant growth. The most prominent rate of growth was recorded in 2018 with an increase of 87% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, geometrical quantities electronic measurer exports surged to $X in 2022. Overall, exports posted a prominent expansion. The most prominent rate of growth was recorded in 2019 with an increase of 34%. The exports peaked in 2022 and are likely to see steady growth in the near future.

Exports by Country

Germany (X units), the United States (X units) and the UK (X units) were the main destinations of geometrical quantities electronic measurer exports from Sri Lanka, with a combined 60% share of total exports. China, Mexico, Switzerland, India and the United Arab Emirates lagged somewhat behind, together accounting for a further 27%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Switzerland (with a CAGR of +60.7%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the United States ($X) and the UK ($X) constituted the largest markets for geometrical quantities electronic measurer exported from Sri Lanka worldwide, with a combined 60% share of total exports. China, Mexico, Switzerland, India and the United Arab Emirates lagged somewhat behind, together accounting for a further 26%.

In terms of the main countries of destination, Switzerland, with a CAGR of +47.6%, 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 more modest paces of growth.

Export Prices by Country

The average geometrical quantities electronic measurer export price stood at $X per unit in 2022, surging by 14% against the previous year. In general, the export price, however, showed a abrupt slump. The most prominent rate of growth was recorded in 2019 an increase of 37% against the previous year. The export price peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Mexico ($X per unit), while the average price for exports to the United Arab Emirates ($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 Mexico (+0.2%), while the prices for the other major destinations experienced a decline.

Imports of Electronic Instruments And Machines For Measuring Geometrical Quantities

Imports into Sri Lanka

In 2022, purchases abroad of electronic instruments and machines for measuring geometrical quantities decreased by -9.6% to X units, falling for the second year in a row after two years of growth. Over the period under review, imports, however, saw prominent growth. The most prominent rate of growth was recorded in 2017 when imports increased by 87% against the previous year. Over the period under review, imports attained the peak figure at X units in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, geometrical quantities electronic measurer imports rose markedly to $X in 2022. Overall, imports, however, enjoyed a strong increase. The pace of growth was the most pronounced in 2017 with an increase of 62%. Over the period under review, imports attained the maximum at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

France (X units), the United States (X units) and the UK (X units) were the main suppliers of geometrical quantities electronic measurer imports to Sri Lanka, together comprising 54% of total imports. China, Germany, the United Arab Emirates, Japan, India, South Korea, Singapore, Romania, Israel and Italy lagged somewhat behind, together accounting for a further 39%.

From 2012 to 2022, the biggest increases were recorded for Romania (with a CAGR of +226.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest geometrical quantities electronic measurer suppliers to Sri Lanka were France ($X), the United States ($X) and the UK ($X), with a combined 56% share of total imports. China, Germany, Japan, India, South Korea, Singapore, Romania, Italy, the United Arab Emirates and Israel lagged somewhat behind, together comprising a further 37%.

Romania, with a CAGR of +174.9%, recorded the highest growth rate of the value of imports, in terms of the main suppliers 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 geometrical quantities electronic measurer import price amounted to $X per unit, surging by 17% against the previous year. Overall, the import price, however, continues to indicate a perceptible downturn. The most prominent rate of growth was recorded in 2018 an increase of 27% against the previous year. The import price peaked at $X per unit in 2015; however, from 2016 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 South Korea ($X per unit), while the price for the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Israel (+4.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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