Report Update Nov 1, 2024

Sri Lanka - Industrial Robots for Multiple Uses - Market Analysis, Forecast, Size, Trends and Insights

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Sri Lanka: Industrial Robot Market 2024

Industrial Robot Market Size in Sri Lanka

In 2021, the Sri Lankan industrial robot market increased by 50% to $X, rising for the second year in a row after two years of decline. In general, consumption continues to indicate a prominent expansion. Industrial robot consumption peaked in 2021 and is likely to see gradual growth in the immediate term.

Industrial Robot Exports

Exports from Sri Lanka

In 2021, after two years of decline, there was decline in shipments abroad of industrial robots for multiple uses, when their volume decreased by 0% to X units. In general, exports recorded a deep slump. The smallest decline of -85.7% was in 2015. The exports peaked at X units in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, industrial robot exports surged to $X in 2021. Over the period under review, exports recorded a deep downturn. The pace of growth was the most pronounced in 2018 when exports increased by 9,316% against the previous year. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

From 2012 to 2021, the average annual rate of growth in terms of volume to No country was relatively modest.

In value terms, Singapore ($X) also remains the key foreign market for industrial robots for multiple uses exports from Sri Lanka.

From 2012 to 2021, the average annual rate of growth in terms of value to Singapore totaled +32.4%.

Export Prices by Country

In 2018, the average industrial robot export price amounted to $X per unit, remaining relatively unchanged against the previous year. Overall, the export price saw a tangible increase. The pace of growth appeared the most rapid in 2015 a decrease of -17.6%. Over the period under review, the average export prices attained the peak figure in 2018 and is likely to see gradual growth in the near future.

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

From 2014 to 2018, the rate of growth in terms of prices for Singapore amounted to -17.2% per year.

Industrial Robot Imports

Imports into Sri Lanka

In 2021, approx. X units of industrial robots for multiple uses were imported into Sri Lanka; picking up by 65% compared with the previous year's figure. Over the period under review, imports continue to indicate a strong expansion. The pace of growth was the most pronounced in 2013 when imports increased by 215% against the previous year. Imports peaked in 2021 and are likely to see gradual growth in the immediate term.

In value terms, industrial robot imports skyrocketed to $X in 2021. In general, imports enjoyed prominent growth. The pace of growth appeared the most rapid in 2013 when imports increased by 202% against the previous year. Imports peaked in 2021 and are expected to retain growth in the immediate term.

Imports by Country

China (X units), Turkey (X units) and Japan (X units) were the main suppliers of industrial robot imports to Sri Lanka, with a combined 69% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Japan (with a CAGR of +27.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), China ($X) and the UK ($X) appeared to be the largest industrial robot suppliers to Sri Lanka, with a combined 50% share of total imports. These countries were followed by Turkey, Taiwan (Chinese), Italy, Denmark, Canada, Malaysia and Switzerland, which together accounted for a further 24%.

In terms of the main suppliers, Turkey, with a CAGR of +752.3%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average industrial robot import price amounted to $X per unit, falling by -3.8% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.7%. The most prominent rate of growth was recorded in 2017 an increase of 17% against the previous year. The import price peaked at $X per unit in 2020, and then contracted slightly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Italy ($X per unit), while the price for Malaysia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+8.1%), 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 industrial robots for multiple uses in the world?

The countries with the highest volumes of industrial robot consumption in 2020 were China, United States and Japan, with a combined 47% share of global consumption. These countries were followed by France, Hong Kong SAR, Ethiopia, the UK, Italy, South Korea, Canada, India and Spain, which together accounted for a further 20%.

What are the largest producers of industrial robots for multiple uses in the world?

The countries with the highest volumes of industrial robot production in 2020 were China, Japan and Germany, with a combined 63% share of global production.

What are the leading suppliers of industrial robots for multiple uses to Sri Lanka?

In value terms, the largest industrial robot suppliers to Sri Lanka were the UK, Japan and Denmark, with a combined 38% share of total imports.

What are the leading importers of industrial robots for multiple uses from Sri Lanka?

In value terms, Brazil emerged as the key foreign market for industrial robot exports from Sri Lanka, comprising 100% of total exports. The second position in the ranking was occupied by Singapore $305), with a 0.4% share of total exports.

What is the average export price for industrial robots for multiple uses in Sri Lanka?

The average industrial robot export price stood at $37,994 per unit in 2018, leveling off at the previous year.

What is the average import price for industrial robots for multiple uses in Sri Lanka?

The average industrial robot import price stood at $11,201 per unit in 2020, approximately equating the previous year.

This report provides an in-depth analysis of the industrial robot 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 28993935 - Industrial robots for multiple uses (excluding robots designed to perform a specific function (e.g. lifting, handling, loading or unloading))

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