Report Update Nov 1, 2024

Sri Lanka - Industrial Bakery Machinery - Market Analysis, Forecast, Size, Trends and Insights

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Sri Lanka: Industrial Bakery Machinery Market 2024

Industrial Bakery Machinery Exports

Exports from Sri Lanka

In 2022, the amount of industrial bakery machinery exported from Sri Lanka reduced markedly to X units, which is down by -20% against the previous year's figure. Overall, exports continue to indicate a abrupt decline. The pace of growth was the most pronounced in 2021 when exports increased by 400% against the previous year. Over the period under review, the exports reached the maximum at X units in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, industrial bakery machinery exports fell markedly to $X in 2022. In general, exports saw a abrupt curtailment. The most prominent rate of growth was recorded in 2020 with an increase of 180% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

India (X units), Maldives (X units) and Seychelles (X units) were the main destinations of industrial bakery machinery exports from Sri Lanka.

From 2012 to 2022, the biggest increases were recorded for Maldives (with a CAGR of +10.4%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, India ($X), Maldives ($X) and Seychelles ($X) appeared to be the largest markets for industrial bakery machinery exported from Sri Lanka worldwide, with a combined 97% share of total exports.

In terms of the main countries of destination, Maldives, with a CAGR of +12.9%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average industrial bakery machinery export price stood at $X per unit in 2022, falling by -1.7% against the previous year. In general, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 an increase of 670%. As a result, the export price attained the peak level of $X per unit. From 2021 to 2022, the average export prices remained at a somewhat lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was India ($X per unit), while the average price for exports to Seychelles ($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 Bangladesh (+2.6%), while the prices for the other major destinations experienced a decline.

Industrial Bakery Machinery Imports

Imports into Sri Lanka

In 2022, the amount of industrial bakery machinery imported into Sri Lanka declined to X units, dropping by -9.9% on the previous year's figure. Over the period under review, imports showed a perceptible reduction. The most prominent rate of growth was recorded in 2016 when imports increased by 222% against the previous year. Over the period under review, imports hit record highs at X units in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, industrial bakery machinery imports shrank significantly to $X in 2022. Overall, imports showed a deep contraction. The pace of growth was the most pronounced in 2016 with an increase of 170%. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Italy (X units), China (X units) and France (X units) were the main suppliers of industrial bakery machinery imports to Sri Lanka, with a combined 76% share of total imports. These countries were followed by Taiwan (Chinese), Malaysia, Germany, India and the UK, which together accounted for a further 22%.

From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of +49.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest industrial bakery machinery suppliers to Sri Lanka were Italy ($X), France ($X) and China ($X), with a combined 75% share of total imports. Taiwan (Chinese), Malaysia, Germany, India and the UK lagged somewhat behind, together accounting for a further 23%.

Germany, with a CAGR of +47.1%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average industrial bakery machinery import price amounted to $X per unit, waning by -10.9% against the previous year. Overall, the import price continues to indicate a mild slump. The most prominent rate of growth was recorded in 2018 when the average import price increased by 24%. The import price peaked at $X per unit in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Taiwan (Chinese) ($X per unit) and Malaysia ($X per unit), while the price for China ($X per unit) and the UK ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+0.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for industrial bakery machinery in the world?

The countries with the highest volumes of in 2021 were China, South Africa and the United States, together comprising 85% of global consumption.

What are the largest producers of industrial bakery machinery in the world?

The country with the largest volume of industrial bakery machinery production was China, comprising approx. 77% of total volume. Moreover, industrial bakery machinery production in China exceeded the figures recorded by the second-largest producer, Italy, more than tenfold. India ranked third in terms of total production with a 2.5% share.

What are the leading suppliers of industrial bakery machinery to Sri Lanka?

In value terms, the largest industrial bakery machinery suppliers to Sri Lanka were Austria, Italy and Japan, together comprising 69% of total imports. These countries were followed by China, Taiwan Chinese), Australia and Poland, which together accounted for a further 22%.

What are the leading importers of industrial bakery machinery from Sri Lanka?

In value terms, India remains the key foreign market for industrial bakery machinery exports from Sri Lanka, comprising 85% of total exports. The second position in the ranking was occupied by Maldives, with a 14% share of total exports.

What is the average export price for industrial bakery machinery in Sri Lanka?

The average industrial bakery machinery export price stood at $2,628 per unit in 2021, waning by -51.2% against the previous year.

What is the average import price for industrial bakery machinery in Sri Lanka?

The average industrial bakery machinery import price stood at $468 per unit in 2021, reducing by -2.1% against the previous year.

This report provides an in-depth analysis of the industrial bakery machinery 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 28931713 - Industrial bakery machinery (excluding non-electric ovens)

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