Sri Lanka: Test And Measurement Market 2025

Test And Measurement Market Size in Sri Lanka

The Sri Lankan test and measurement market skyrocketed to $X in 2021, increasing by 63% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption enjoyed modest growth. As a result, consumption reached the peak level of $X. From 2016 to 2021, the growth of the market remained at a somewhat lower figure.

Test And Measurement Exports

Exports from Sri Lanka

After four years of growth, shipments abroad of instruments and apparatus for measuring or checking pressure of liquids or gasses decreased by -26.3% to X units in 2021. Overall, exports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2018 with an increase of 767%. The exports peaked at X units in 2020, and then dropped remarkably in the following year.

In value terms, test and measurement exports dropped remarkably to $X in 2021. In general, exports recorded a abrupt slump. The pace of growth appeared the most rapid in 2018 when exports increased by 451% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Spain (X units) was the main destination for test and measurement exports from Sri Lanka, with a 46% share of total exports. Moreover, test and measurement exports to Spain exceeded the volume sent to the second major destination, China (X units), eightfold. The third position in this ranking was taken by the UK (X units), with a 2.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Spain was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+21.5% per year) and the UK (+107.9% per year).

In value terms, the UK ($X) remains the key foreign market for instruments and apparatus for measuring or checking pressure of liquids or gasses exports from Sri Lanka, comprising 51% of total exports. The second position in the ranking was held by China ($X), with a 22% share of total exports. It was followed by Spain, with a 9.8% share.

From 2012 to 2021, the average annual growth rate of value to the UK stood at +60.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+27.4% per year) and Spain (0.0% per year).

Export Prices by Country

In 2021, the average test and measurement export price amounted to $X per unit, waning by -74.1% against the previous year. Over the period under review, the export price showed a precipitous descent. The pace of growth was the most pronounced in 2016 an increase of 62%. Over the period under review, the average export prices attained the maximum at $X per unit in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Oman ($X per unit), while the average price for exports to Spain ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Oman (+35.2%), while the prices for the other major destinations experienced more modest paces of growth.

Test And Measurement Imports

Imports into Sri Lanka

In 2021, test and measurement imports into Sri Lanka skyrocketed to X units, picking up by 56% against the year before. Over the period under review, imports continue to indicate a moderate expansion. The pace of growth appeared the most rapid in 2015 with an increase of 389% against the previous year. As a result, imports attained the peak of X units. From 2016 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, test and measurement imports surged to $X in 2021. Overall, imports posted modest growth. The pace of growth appeared the most rapid in 2015 when imports increased by 195% against the previous year. As a result, imports attained the peak of $X. From 2016 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest supplier of test and measurement to Sri Lanka, with a 57% share of total imports. Moreover, test and measurement imports from China exceeded the figures recorded by the second-largest supplier, Japan (X units), threefold. India (X units) ranked third in terms of total imports with a 7.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at -1.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+19.0% per year) and India (+8.4% per year).

In value terms, China ($X), Germany ($X) and India ($X) constituted the largest test and measurement suppliers to Sri Lanka, with a combined 58% share of total imports.

Among the main suppliers, Germany, with a CAGR of +11.4%, saw the highest rates of growth with regard to 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 test and measurement import price amounted to $X per unit, which is down by -17.6% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 235% against the previous year. As a result, import price attained the peak level of $X per unit. From 2019 to 2021, the average import prices remained at a lower figure.

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 Germany ($X per unit), while the price for Japan ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Austria (+5.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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