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Report Sri Lanka - Endless Bands for Machinery, of Stainless Steel - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Feb 1, 2025

Sri Lanka - Endless Bands for Machinery, of Stainless Steel - Market Analysis, Forecast, Size, Trends and Insights

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Sri Lanka: Endless Machinery Band Market 2025

Endless Machinery Band Market Size in Sri Lanka

The Sri Lankan endless machinery band market skyrocketed to $X in 2021, increasing by 57% 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, consumption, however, saw a deep reduction. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Endless Machinery Band Exports

Exports from Sri Lanka

For the fourth consecutive year, Sri Lanka recorded growth in shipments abroad of endless bands for machinery, of stainless steel, which increased by 0.3% to X square meters in 2021. Over the period under review, exports continue to indicate significant growth. The pace of growth was the most pronounced in 2014 when exports increased by 110% against the previous year. Over the period under review, the exports reached the maximum at X square meters in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

In value terms, endless machinery band exports totaled $X in 2021. Overall, exports saw resilient growth. The pace of growth was the most pronounced in 2016 when exports increased by 97% against the previous year. As a result, the exports reached the peak of $X. From 2017 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Maldives (X square meters) was the main destination for endless machinery band exports from Sri Lanka, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Maldives stood at +21.9%.

In value terms, Maldives ($X) emerged as the key foreign market for endless machinery band exports from Sri Lanka.

From 2012 to 2021, the average annual rate of growth in terms of value to Maldives stood at +15.4%.

Export Prices by Country

The average endless machinery band export price stood at $X per square meter in 2021, leveling off at the previous year. Overall, the export price, however, showed a abrupt decrease. The most prominent rate of growth was recorded in 2016 an increase of 36%. Over the period under review, the average export prices hit record highs at $X per square meter in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

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

From 2012 to 2021, the rate of growth in terms of prices for Maldives amounted to -5.4% per year.

Endless Machinery Band Imports

Imports into Sri Lanka

In 2021, the amount of endless bands for machinery, of stainless steel imported into Sri Lanka skyrocketed to X square meters, increasing by 21% compared with the year before. Over the period under review, imports, however, recorded a mild decline. The most prominent rate of growth was recorded in 2019 when imports increased by 370% against the previous year. As a result, imports reached the peak of X square meters. From 2020 to 2021, the growth of imports remained at a lower figure.

In value terms, endless machinery band imports skyrocketed to $X in 2021. In general, imports, however, saw a abrupt curtailment. The pace of growth appeared the most rapid in 2019 when imports increased by 226%. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

France (X square meters), India (X square meters) and China (X square meters) were the main suppliers of endless machinery band imports to Sri Lanka, together comprising 87% of total imports. These countries were followed by the Netherlands, Thailand, Japan, Austria, Taiwan (Chinese) and Hong Kong SAR, which together accounted for a further 9.5%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Thailand (with a CAGR of +51.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, France ($X), India ($X) and Austria ($X) appeared to be the largest endless machinery band suppliers to Sri Lanka, together comprising 73% of total imports. These countries were followed by Japan, China, the Netherlands, Thailand, Hong Kong SAR and Taiwan (Chinese), which together accounted for a further 13%.

Thailand, with a CAGR of +24.2%, saw the highest rates of growth with regard to 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 2021, the average endless machinery band import price amounted to $X per square meter, rising by 60% against the previous year. In general, the import price, however, saw a abrupt decrease. The import price peaked at $X per square meter in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Austria ($X per square meter), while the price for Taiwan (Chinese) ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+13.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

Romania remains the largest endless machinery band consuming country worldwide, comprising approx. 50% of total volume. Moreover, endless machinery band consumption in Romania exceeded the figures recorded by the second-largest consumer, Germany, fourfold. France ranked third in terms of total consumption with a 6.5% share.
The country with the largest volume of endless machinery band production was Romania, accounting for 48% of total volume. Moreover, endless machinery band production in Romania exceeded the figures recorded by the second-largest producer, Germany, fourfold. The third position in this ranking was occupied by South Africa, with a 7.2% share.
In value terms, France, China and India constituted the largest endless machinery band suppliers to Sri Lanka, with a combined 79% share of total imports. These countries were followed by Japan, the United States, the Netherlands and Thailand, which together accounted for a further 15%.
In value terms, Maldives $848) remains the key foreign market for endless machinery band exports from Sri Lanka.
The average endless machinery band export price stood at $3 per square meter in 2021, which is down by -3.4% against the previous year.
In 2021, the average endless machinery band import price amounted to $12 per square meter, rising by 12% against the previous year.

This report provides an in-depth analysis of the endless machinery band 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 25931313 - Endless bands for machinery, of stainless steel

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
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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. 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. 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. 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. 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. 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. 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. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2024
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2024
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. 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

  12. 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

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