Report Update Jan 1, 2025

Sri Lanka - Escalators and Moving Walkways - Market Analysis, Forecast, Size, Trends and Insights

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Sri Lanka: Escalator Market 2025

Escalator Market Size in Sri Lanka

The Sri Lankan escalator market dropped to $X in 2022, shrinking by -8.5% against the previous year. Overall, consumption showed a abrupt shrinkage. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a lower figure.

Escalator Production in Sri Lanka

In value terms, escalator production stood at $X in 2022 estimated in export price. Over the period under review, production, however, saw a abrupt curtailment. The most prominent rate of growth was recorded in 2014 when the production volume increased by 58% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2022, production growth remained at a lower figure.

Escalator Exports

Exports from Sri Lanka

In 2020, approx. X units of escalators and moving WalkWays were exported from Sri Lanka; therefore, remained relatively stable against the previous year. Over the period under review, exports showed a abrupt slump. The pace of growth was the most pronounced in 2018 when exports increased by 100%. As a result, the exports attained the peak of X units. From 2019 to 2020, the growth of the exports remained at a lower figure.

In value terms, escalator exports totaled $X in 2020. In general, exports recorded a precipitous slump. The pace of growth appeared the most rapid in 2018 when exports increased by 13,429%. Over the period under review, the exports attained the peak figure at $X in 2015; however, from 2016 to 2020, the exports failed to regain momentum.

Exports by Country

The United Arab Emirates (X units) was the main destination for escalator exports from Sri Lanka, with a approx. 100% share of total exports.

From 2015 to 2020, the average annual rate of growth in terms of volume to the United Arab Emirates was relatively modest.

From 2015 to 2020, the average annual rate of growth in terms of value to the United Arab Emirates was relatively modest.

Export Prices by Country

In 2020, the average escalator export price amounted to $X per unit, standing approx. at the previous year. In general, the export price saw a sharp decline. The most prominent rate of growth was recorded in 2018 when the average export price increased by 6,664% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per unit in 2015; however, from 2016 to 2020, the export prices failed to regain momentum.

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

From 2015 to 2020, the rate of growth in terms of prices for Maldives amounted to +112.3% per year.

Escalator Imports

Imports into Sri Lanka

In 2022, imports of escalators and moving WalkWays into Sri Lanka fell significantly to X units, with a decrease of -59.6% on 2021. Overall, imports saw a perceptible reduction. The growth pace was the most rapid in 2016 when imports increased by 126% against the previous year. Over the period under review, imports reached the maximum at X units in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, escalator imports shrank markedly to $X in 2022. In general, imports continue to indicate a pronounced downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 180%. Imports peaked at $X in 2017; however, from 2018 to 2022, imports remained at a lower figure.

Imports by Country

China (X units) and Thailand (X units) were the main suppliers of escalator imports to Sri Lanka.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Thailand (with a CAGR of +4.6%).

In value terms, the largest escalator suppliers to Sri Lanka were Thailand ($X) and China ($X).

Among the main suppliers, Thailand, with a CAGR of +4.8%, saw the highest growth rate of the value of imports, over the period under review.

Import Prices by Country

In 2022, the average escalator import price amounted to $X per unit, picking up by 15% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by 65%. As a result, import price attained the peak level of $X per unit. From 2019 to 2022, the average import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Thailand ($X per unit), while the price for China amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+12.8%), 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 escalators and moving walkways in the world?

The countries with the highest volumes of in 2021 were India, China and the United States, together accounting for 60% of global consumption.

What are the largest producers of escalators and moving walkways in the world?

The countries with the highest volumes of in 2021 were India, China and the United States, with a combined 66% share of global production.

What are the leading suppliers of escalators and moving walkways to Sri Lanka?

In value terms, the largest escalator suppliers to Sri Lanka were Singapore, China and Thailand, together accounting for 94% of total imports. These countries were followed by South Korea, Taiwan Chinese) and India, which together accounted for a further 5.5%.

What is the average export price for escalators and moving walkways in Sri Lanka?

The average escalator export price stood at $20,428 per unit in 2020, almost unchanged from the previous year.

What is the average import price for escalators and moving walkways in Sri Lanka?

In 2021, the average escalator import price amounted to $25,461 per unit, declining by -6.4% against the previous year.

This report provides an in-depth analysis of the escalator 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 28221670 - Escalators and moving walkways

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:

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