Sri Lanka: Horizontal Machining Centre Market 2025

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) :