Report Sri Lanka - Industrial Machinery for the Manufacture or Preparation of Confectionery, Cocoa or Chocolate - Market Analysis, Forecast, Size, Trends and Insights for 499$

Report Update Nov 1, 2024

Sri Lanka - Industrial Machinery for the Manufacture or Preparation of Confectionery, Cocoa or Chocolate - Market Analysis, Forecast, Size, Trends and Insights

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Sri Lanka: Confectionery-Making Industrial Machinery Market 2024

Confectionery-Making Industrial Machinery Exports

Exports from Sri Lanka

In 2022, shipments abroad of industrial machinery for the manufacture or preparation of confectionery, cocoa or chocolate increased by 43% to X units, rising for the sixth year in a row after two years of decline. In general, exports showed a significant increase. The growth pace was the most rapid in 2014 with an increase of 1,100%. As a result, the exports reached the peak of X units. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, confectionery-making industrial machinery exports soared to $X in 2022. Overall, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of 829% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Bangladesh (X units) was the main destination for confectionery-making industrial machinery exports from Sri Lanka, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Bangladesh stood at +900.0%.

In value terms, Bangladesh ($X) emerged as the key foreign market for industrial machinery for the manufacture or preparation of confectionery, cocoa or chocolate exports from Sri Lanka.

From 2012 to 2022, the average annual rate of growth in terms of value to Bangladesh totaled +107.1%.

Export Prices by Country

In 2022, the average confectionery-making industrial machinery export price amounted to $X per unit, with an increase of 49% against the previous year. Over the period under review, the export price saw a significant expansion. The most prominent rate of growth was recorded in 2013 an increase of 953%. As a result, the export price reached the peak level of $X per unit. From 2014 to 2022, the average export prices remained at a lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for the Netherlands amounted to +2,076.4% per year.

Confectionery-Making Industrial Machinery Imports

Imports into Sri Lanka

In 2022, the amount of industrial machinery for the manufacture or preparation of confectionery, cocoa or chocolate imported into Sri Lanka skyrocketed to X units, picking up by 104% against the previous year's figure. In general, imports continue to indicate a strong increase. The pace of growth was the most pronounced in 2021 with an increase of 287% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, confectionery-making industrial machinery imports skyrocketed to $X in 2022. Overall, imports recorded resilient growth. The pace of growth appeared the most rapid in 2021 with an increase of 316% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, Switzerland (X units) constituted the largest supplier of confectionery-making industrial machinery to Sri Lanka, with a 64% share of total imports. Moreover, confectionery-making industrial machinery imports from Switzerland exceeded the figures recorded by the second-largest supplier, India (X units), threefold. The UK (X units) ranked third in terms of total imports with a 7.6% share.

From 2012 to 2022, the average annual growth rate of volume from Switzerland stood at +32.7%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+46.0% per year) and the UK (+33.5% per year).

In value terms, Switzerland ($X) constituted the largest supplier of industrial machinery for the manufacture or preparation of confectionery, cocoa or chocolate to Sri Lanka, comprising 64% of total imports. The second position in the ranking was taken by India ($X), with a 19% share of total imports. It was followed by the UK, with a 7.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Switzerland amounted to +31.7%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+45.2% per year) and the UK (+23.5% per year).

Import Prices by Country

In 2022, the average confectionery-making industrial machinery import price amounted to $X per unit, falling by -6.3% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 an increase of 32%. The import price peaked at $X per unit in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+26.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for industrial machinery for the manufacture or preparation of confectionery, cocoa or chocolate in the world?

The countries with the highest volumes of in 2021 were China, the United States and India, with a combined 35% share of global consumption. These countries were followed by Russia, Brazil, Germany, the Netherlands, Japan, Italy, the UK, Iran, Ghana and France, which together accounted for a further 26%.

What are the largest producers of industrial machinery for the manufacture or preparation of confectionery, cocoa or chocolate in the world?

China constituted the country with the largest volume of confectionery-making industrial machinery production, comprising approx. 25% of total volume. Moreover, confectionery-making industrial machinery production in China exceeded the figures recorded by the second-largest producer, Germany, twofold. India ranked third in terms of total production with a 7.2% share.

What are the leading suppliers of industrial machinery for the manufacture or preparation of confectionery, cocoa or chocolate to Sri Lanka?

In value terms, Switzerland constituted the largest supplier of confectionery-making industrial machinery to Sri Lanka, comprising 31% of total imports. The second position in the ranking was occupied by Germany, with a 13% share of total imports. It was followed by Denmark, with an 8.9% share.

What is the average export price for industrial machinery for the manufacture or preparation of confectionery, cocoa or chocolate in Sri Lanka?

In 2021, the average confectionery-making industrial machinery export price amounted to $2,604 per unit, picking up by 1,807% against the previous year.

What is the average import price for industrial machinery for the manufacture or preparation of confectionery, cocoa or chocolate in Sri Lanka?

The average confectionery-making industrial machinery import price stood at $3,674 per unit in 2021, surging by 29% against the previous year.

This report provides an in-depth analysis of the confectionery-making industrial 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 28931720 - Industrial machinery for the manufacture or preparation of confectionery, cocoa or chocolate

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