Sri Lanka: Electronic Material Tester Market 2025

Electronic Material Tester Market Size in Sri Lanka

The Sri Lankan electronic material tester market soared to $X in 2021, jumping by 50% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, the total consumption indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +6.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Electronic material tester consumption peaked in 2021 and is expected to retain growth in the immediate term.

Electronic Material Tester Exports

Exports from Sri Lanka

In 2021, shipments abroad of electronic machines and appliances for testing materials decreased by -30.5% to X units, falling for the second year in a row after three years of growth. Overall, exports recorded a deep slump. The most prominent rate of growth was recorded in 2014 with an increase of 4,673%. As a result, the exports attained the peak of X units. From 2015 to 2021, the growth of the exports remained at a lower figure.

In value terms, electronic material tester exports contracted to $X in 2021. Over the period under review, exports continue to indicate a perceptible descent. The pace of growth was the most pronounced in 2014 with an increase of 3,572%. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X units) was the main destination for electronic material tester exports from Sri Lanka, accounting for a 66% share of total exports. Moreover, electronic material tester exports to the United Arab Emirates exceeded the volume sent to the second major destination, Jordan (X units), eightfold. Germany (X units) ranked third in terms of total exports with a 4.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United Arab Emirates amounted to -9.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Jordan (+5.2% per year) and Germany (+37.0% per year).

In value terms, the United Arab Emirates ($X), Cambodia ($X) and Germany ($X) were the largest markets for electronic material tester exported from Sri Lanka worldwide, together accounting for 47% of total exports. These countries were followed by Jordan, Singapore, Italy, Hong Kong SAR, China and the United States, which together accounted for a further 37%.

Singapore, with a CAGR of +50.0%, 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 more modest paces of growth.

Export Prices by Country

The average electronic material tester export price stood at $X per unit in 2021, surging by 28% against the previous year. Overall, export price indicated perceptible growth from 2012 to 2021: its price increased at an average annual rate of +3.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Cambodia ($X per unit), while the average price for exports to the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+12.6%), while the prices for the other major destinations experienced more modest paces of growth.

Electronic Material Tester Imports

Imports into Sri Lanka

In 2021, approx. X units of electronic machines and appliances for testing materials were imported into Sri Lanka; jumping by 69% against 2020 figures. Over the period under review, imports continue to indicate a resilient expansion. The growth pace was the most rapid in 2016 when imports increased by 71% against the previous year. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in the immediate term.

In value terms, electronic material tester imports soared to $X in 2021. Overall, total imports indicated a notable expansion from 2012 to 2021: its value increased at an average annual rate of +3.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -16.8% against 2016 indices. The pace of growth appeared the most rapid in 2016 with an increase of 57% against the previous year. As a result, imports reached the peak of $X. From 2017 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, China (X units) constituted the largest supplier of electronic material tester to Sri Lanka, with a 29% share of total imports. Moreover, electronic material tester imports from China exceeded the figures recorded by the second-largest supplier, the UK (X units), fourfold. Germany (X units) ranked third in terms of total imports with a 5.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +30.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+2.2% per year) and Germany (+22.6% per year).

In value terms, China ($X) constituted the largest supplier of electronic machines and appliances for testing materials to Sri Lanka, comprising 39% of total imports. The second position in the ranking was taken by the UK ($X), with a 9.4% share of total imports. It was followed by Hong Kong SAR, with an 8.1% share.

From 2012 to 2021, the average annual growth rate of value from China stood at +14.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (-4.5% per year) and Hong Kong SAR (-0.9% per year).

Import Prices by Country

The average electronic material tester import price stood at $X per unit in 2021, dropping by -18.4% against the previous year. Over the period under review, the import price continues to indicate a deep downturn. The pace of growth appeared the most rapid in 2013 when the average import price increased by 16% against the previous year. As a result, import price reached the peak level of $X per unit. From 2014 to 2021, the average import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+4.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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