Sri Lanka: Lcds And Plasmas Market 2025

Lcds And Plasmas Market Size in Sri Lanka

The Sri Lankan LCDs and plasmas market dropped to $X in 2022, shrinking by -15% against the previous year. Overall, consumption saw a abrupt descent. Over the period under review, the market hit record highs at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Lcds And Plasmas Production in Sri Lanka

In value terms, LCDs and plasmas production fell to $X in 2022 estimated in export price. In general, production saw a abrupt decrease. The most prominent rate of growth was recorded in 2016 when the production volume increased by 29% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2022, production growth remained at a somewhat lower figure.

Lcds And Plasmas Exports

Exports from Sri Lanka

LCDs and plasmas exports from Sri Lanka declined remarkably to X units in 2022, which is down by -73.6% on 2021. Over the period under review, exports, however, continue to indicate a prominent expansion. The growth pace was the most rapid in 2018 when exports increased by 822%. Over the period under review, the exports reached the peak figure at X units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, LCDs and plasmas exports declined significantly to $X in 2022. In general, exports, however, posted a resilient increase. The most prominent rate of growth was recorded in 2018 with an increase of 702% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

Canada (X units), the United Arab Emirates (X units) and Switzerland (X units) were the main destinations of LCDs and plasmas exports from Sri Lanka, with a combined 98% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Canada (with a CAGR of +194.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Canada ($X) emerged as the key foreign market for flat panel video monitor, lcd or plasma exports from Sri Lanka, comprising 62% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with an 8.7% share of total exports. It was followed by Switzerland, with a 6.7% share.

From 2012 to 2022, the average annual growth rate of value to Canada totaled +303.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+46.9% per year) and Switzerland (+12.6% per year).

Export Prices by Country

In 2022, the average LCDs and plasmas export price amounted to $X per unit, increasing by 45% against the previous year. In general, the export price, however, recorded a pronounced decrease. Over the period under review, the average export prices attained the maximum at $X per unit in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($X per unit), while the average price for exports to the United States ($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 the United States (+47.6%), while the prices for the other major destinations experienced more modest paces of growth.

Lcds And Plasmas Imports

Imports into Sri Lanka

In 2022, lcds and plasmas imports into Sri Lanka reduced notably to X units, declining by -54.2% against the year before. Overall, imports continue to indicate a noticeable reduction. The most prominent rate of growth was recorded in 2018 with an increase of 793% against the previous year. As a result, imports attained the peak of X units. From 2019 to 2022, the growth of imports remained at a lower figure.

In value terms, LCDs and plasmas imports declined markedly to $X in 2022. Over the period under review, imports recorded a abrupt contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 534% against the previous year. As a result, imports attained the peak of $X, and then shrank markedly in the following year.

Imports by Country

In 2022, China (X units) was the main supplier of LCDs and plasmas to Sri Lanka, accounting for a 93% share of total imports. It was followed by the United States (X units), with a 1.4% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from China stood at +5.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-18.5% per year) and the United Arab Emirates (-39.5% per year).

In value terms, China ($X) constituted the largest supplier of flat panel video monitor, lcd or plasma to Sri Lanka, comprising 51% of total imports. The second position in the ranking was taken by the United States ($X), with a 23% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China totaled +5.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-16.9% per year) and the United Arab Emirates (-41.8% per year).

Import Prices by Country

The average LCDs and plasmas import price stood at $X per unit in 2022, shrinking by -58.9% against the previous year. In general, the import price faced a abrupt downturn. The pace of growth appeared the most rapid in 2014 when the average import price increased by 171% against the previous year. As a result, import price reached the peak level of $X per unit. From 2015 to 2022, 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 the United States ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+2.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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