Sri Lanka: Market for Instruments for Measuring Electrical Quantities 2025

Market Size for Instruments for Measuring Electrical Quantities in Sri Lanka

The Sri Lankan market for instruments for measuring electrical quantities soared to $X in 2021, growing by 19% 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). Over the period under review, consumption saw prominent growth. Over the period under review, the market attained the peak level in 2021 and is expected to retain growth in the immediate term.

Exports of Instruments for Measuring Electrical Quantities

Exports from Sri Lanka

In 2021, exports of instruments for measuring electrical quantities from Sri Lanka dropped notably to X units, falling by -51.3% against the previous year's figure. Over the period under review, exports saw a abrupt curtailment. The most prominent rate of growth was recorded in 2019 when exports increased by 846%. As a result, the exports attained the peak of X units. From 2020 to 2021, the growth of the exports remained at a lower figure.

In value terms, instruments for measuring electrical quantities exports dropped sharply to $X in 2021. In general, exports, however, posted a strong expansion. The growth pace was the most rapid in 2016 when exports increased by 1,148%. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

Exports by Country

Oman (X units), Sweden (X units) and Germany (X units) were the main destinations of instruments for measuring electrical quantities exports from Sri Lanka, together comprising 81% of total exports. Switzerland, China, the United Arab Emirates, the Netherlands, the United States and Maldives lagged somewhat behind, together comprising a further 17%.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +37.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for instruments for measuring electrical quantities exported from Sri Lanka were the United Arab Emirates ($X), China ($X) and Oman ($X), with a combined 46% share of total exports. Sweden, the Netherlands, the United States, Switzerland, Germany and Maldives lagged somewhat behind, together accounting for a further 17%.

In terms of the main countries of destination, the Netherlands, with a CAGR of +64.1%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average export price for instruments for measuring electrical quantities amounted to $X per unit, surging by 6.6% against the previous year. Over the period under review, the export price recorded significant growth. The most prominent rate of growth was recorded in 2020 when the average export price increased by 104% against the previous year. Over the period under review, the average export prices attained the peak figure in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was the United Arab Emirates ($X per unit), while the average price for exports to Maldives ($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 the United States (+44.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Instruments for Measuring Electrical Quantities

Imports into Sri Lanka

In 2021, imports of instruments for measuring electrical quantities into Sri Lanka skyrocketed to X units, with an increase of 38% against the year before. Over the period under review, total imports indicated strong growth from 2012 to 2021: its volume increased at an average annual rate of +11.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +78.5% against 2018 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, instruments for measuring electrical quantities imports expanded markedly to $X in 2021. Overall, total imports indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +7.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +28.0% against 2015 indices. The pace of growth appeared the most rapid in 2015 with an increase of 35%. Over the period under review, imports reached the peak figure in 2021 and are likely to continue growth in years to come.

Imports by Country

Switzerland (X units), Japan (X units) and China (X units) were the main suppliers of instruments for measuring electrical quantities imports to Sri Lanka, together accounting for 73% of total imports. India, Germany, Bulgaria, Oman and Singapore lagged somewhat behind, together accounting for a further 18%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Oman (with a CAGR of +72.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Japan ($X) and India ($X) were the largest instruments for measuring electrical quantities suppliers to Sri Lanka, with a combined 51% share of total imports. Switzerland, Oman, Germany, Singapore and Bulgaria lagged somewhat behind, together accounting for a further 19%.

In terms of the main suppliers, Switzerland, with a CAGR of +30.2%, recorded 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 import price for instruments for measuring electrical quantities amounted to $X per unit, dropping by -23.8% against the previous year. In general, the import price saw a pronounced reduction. The most prominent rate of growth was recorded in 2018 an increase of 20%. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was China ($X per unit), while the price for Bulgaria ($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 (+6.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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