Report Update Nov 1, 2024

Sri Lanka - Forage Harvesters and Other Harvesting Machines - Market Analysis, Forecast, Size, Trends and Insights

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Sri Lanka: Market for Forage Harvesters and Other Harvesting Machines 2024

Market Size for Forage Harvesters and Other Harvesting Machines in Sri Lanka

In 2021, after two years of decline, there was significant growth in the Sri Lankan market for forage harvesters and other harvesting machines, when its value increased by 233% to $X. Overall, consumption posted a strong expansion. Over the period under review, the market attained the peak level at $X in 2016; however, from 2017 to 2021, consumption remained at a lower figure.

Exports of Forage Harvesters and Other Harvesting Machines

Exports from Sri Lanka

In 2021, approx. less than X units of forage harvesters and other harvesting machines were exported from Sri Lanka; remaining stable against the previous year's figure. Over the period under review, exports showed a relatively flat trend pattern.

In value terms, exports of forage harvesters and other harvesting machines soared to $X in 2021. Overall, exports saw a perceptible decrease. The pace of growth appeared the most rapid in 2015 with an increase of 656% against the previous year. As a result, the exports attained the peak of $X. From 2016 to 2021, the growth of the exports of remained at a somewhat lower figure.

Imports of Forage Harvesters and Other Harvesting Machines

Imports into Sri Lanka

In 2021, after two years of decline, there was significant growth in purchases abroad of forage harvesters and other harvesting machines, when their volume increased by 133% to X units. Over the period under review, imports continue to indicate a prominent increase. The pace of growth was the most pronounced in 2016 with an increase of 233%. As a result, imports attained the peak of X units. From 2017 to 2021, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of forage harvesters and other harvesting machines soared to $X in 2021. In general, imports saw a prominent increase. Over the period under review, imports of attained the peak figure at $X in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, India (X units) constituted the largest supplier of forage harvesters and other harvesting machines to Sri Lanka, accounting for a 36% share of total imports. Moreover, imports of forage harvesters and other harvesting machines from India exceeded the figures recorded by the second-largest supplier, the UK (X units), threefold. The third position in this ranking was taken by Japan (X units), with a 7.1% share.

From 2012 to 2021, the average annual growth rate of volume from India totaled +19.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+26.0% per year) and Japan (0.0% per year).

In value terms, India ($X) constituted the largest supplier of forage harvesters and other harvesting machines to Sri Lanka, comprising 56% of total imports. The second position in the ranking was taken by China ($X), with a 14% share of total imports. It was followed by Turkey, with an 8.9% share.

From 2012 to 2021, the average annual growth rate of value from India amounted to +20.8%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+93.1% per year) and Turkey (+33.7% per year).

Import Prices by Country

The average import price for forage harvesters and other harvesting machines stood at $X per unit in 2021, increasing by 118% against the previous year. Over the period under review, import price indicated a prominent expansion from 2012 to 2021: its price increased at an average annual rate of +5.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+40.5%), 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 forage harvesters and other harvesting machines in the world?

The countries with the highest volumes of in 2021 were China, the United States and India, with a combined 47% share of global consumption. These countries were followed by Russia, Japan, Spain, Brazil, France, the UK, Italy, Germany and South Korea, which together accounted for a further 25%.

What are the largest producers of forage harvesters and other harvesting machines in the world?

China constituted the country with the largest volume of production of forage harvesters and other harvesting machines, accounting for 25% of total volume. Moreover, production of forage harvesters and other harvesting machines in China exceeded the figures recorded by the second-largest producer, the United States, threefold. India ranked third in terms of total production with a 9.5% share.

What are the leading suppliers of forage harvesters and other harvesting machines to Sri Lanka?

In value terms, India constituted the largest supplier of forage harvesters and other harvesting machines to Sri Lanka, comprising 58% of total imports. The second position in the ranking was occupied by South Korea $476), with a 0.3% share of total imports.

What is the average import price for forage harvesters and other harvesting machines in Sri Lanka?

In 2021, the average import price for forage harvesters and other harvesting machines amounted to $33,149 per unit, rising by 97% against the previous year.

This report provides an in-depth analysis of the market for forage harvesters and other harvesting machines 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 28305945 - Forage harvesters (excluding self-propelled)
Prodcom 28305960 - Forage harvesters, self-propelled
Prodcom 28305970 - Harvesting machines (excluding combine harvester threshers, root or tuber harvesting machines, forage harvesters)

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 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
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 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
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, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023