Report Update Nov 1, 2024

Sri Lanka - Horizontal Machining Centres for Working Metal - Market Analysis, Forecast, Size, Trends and Insights

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Sri Lanka: Horizontal Machining Centre Market 2024

Horizontal Machining Centre Market Size in Sri Lanka

In 2021, the Sri Lankan horizontal machining centre market decreased by -5.5% to $X, falling for the third year in a row after two years of growth. In general, consumption, however, posted a remarkable increase. Horizontal machining centre consumption peaked at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Horizontal Machining Centre Exports

Exports from Sri Lanka

In 2016, the amount of horizontal machining centres for working metal exported from Sri Lanka amounted to X units, approximately mirroring the year before. In general, exports recorded a dramatic descent. The smallest decline of -50% was in 2015. The exports peaked at X units in 2014; however, from 2015 to 2016, the exports stood at a somewhat lower figure.

In value terms, horizontal machining centre exports soared to $X in 2016. Over the period under review, exports showed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Italy (X units) was the main destination for horizontal machining centre exports from Sri Lanka, with a approx. 100% share of total exports.

From 2014 to 2016, the average annual growth rate of volume to Italy was relatively modest.

In value terms, Italy ($X) emerged as the key foreign market for horizontal machining centres for working metal exports from Sri Lanka.

From 2014 to 2016, the average annual rate of growth in terms of value to Italy was relatively modest.

Export Prices by Country

The average horizontal machining centre export price stood at $X per unit in 2016, with an increase of 170% against the previous year. Overall, the export price showed significant growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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

From 2014 to 2016, the rate of growth in terms of prices for China amounted to 0.0% per year.

Horizontal Machining Centre Imports

Imports into Sri Lanka

In 2021, overseas purchases of horizontal machining centres for working metal decreased by -8.3% to X units, falling for the third consecutive year after seven years of growth. Overall, imports, however, showed a prominent increase. The growth pace was the most rapid in 2013 when imports increased by 100%. Imports peaked at X units in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, horizontal machining centre imports rose slightly to $X in 2021. In general, imports, however, continue to indicate a significant expansion. The growth pace was the most rapid in 2013 when imports increased by 203% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

The United States (X units), Malaysia (X units) and Taiwan (Chinese) (X units) were the main suppliers of horizontal machining centre imports to Sri Lanka, together comprising 82% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United States (with a CAGR of +26.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of horizontal machining centres for working metal to Sri Lanka, comprising 49% of total imports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 14% share of total imports. It was followed by India, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States amounted to +49.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+16.9% per year) and India (+29.6% per year).

Import Prices by Country

The average horizontal machining centre import price stood at $X per unit in 2021, picking up by 4.4% against the previous year. In general, import price indicated strong growth from 2012 to 2021: its price increased at an average annual rate of +5.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, horizontal machining centre import price increased by +89.8% against 2017 indices. The growth pace was the most rapid in 2018 an increase of 64%. Over the period under review, average import prices reached the peak figure in 2021 and is expected to retain growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+22.3%), 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 horizontal machining centres for working metal in the world?

South Africa remains the largest horizontal machining centre consuming country worldwide, comprising approx. 47% of total volume. Moreover, horizontal machining centre consumption in South Africa exceeded the figures recorded by the second-largest consumer, Japan, sixfold. The Netherlands ranked third in terms of total consumption with a 7.3% share.

What are the largest producers of horizontal machining centres for working metal in the world?

The countries with the highest volumes of horizontal machining centre production in 2021 were Japan, Taiwan Chinese) and South Korea, with a combined 84% share of global production. These countries were followed by Germany, Switzerland and Spain, which together accounted for a further 11%.

What are the leading suppliers of horizontal machining centres for working metal to Sri Lanka?

In value terms, the United States constituted the largest supplier of horizontal machining centre to Sri Lanka, comprising 62% of total imports. The second position in the ranking was occupied by Taiwan Chinese), with a 10% share of total imports. It was followed by India, with a 9.6% share.

What is the average export price for horizontal machining centres for working metal in Sri Lanka?

In 2016, the average horizontal machining centre export price amounted to $34,922 per unit, picking up by 97% against the previous year.

What is the average import price for horizontal machining centres for working metal in Sri Lanka?

The average horizontal machining centre import price stood at $44,740 per unit in 2021, growing by 13% against the previous year.

This report provides an in-depth analysis of the horizontal machining centre 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 28411220 - Horizontal machining centres for working metal

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