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Report Sri Lanka - Internal Combustion Engines, Excluding Diesel (Other Than for Motor Vehicles and Aircraft) - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Nov 1, 2024

Sri Lanka - Internal Combustion Engines, Excluding Diesel (Other Than for Motor Vehicles and Aircraft) - Market Analysis, Forecast, Size, Trends and Insights

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Sri Lanka: Market for Internal Combustion Engines, Excluding Diesel (Other Than For Motor Vehicles And Aircraft) 2024

Market Size for Internal Combustion Engines, Excluding Diesel (Other Than For Motor Vehicles And Aircraft) in Sri Lanka

In 2021, after three years of decline, there was significant growth in the Sri Lankan market for internal combustion engines, excluding diesel (other than for motor vehicles and aircraft), when its value increased by 77% to $X. Over the period under review, consumption enjoyed a remarkable increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Exports of Internal Combustion Engines, Excluding Diesel (Other Than For Motor Vehicles And Aircraft)

Exports from Sri Lanka

In 2021, overseas shipments of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) decreased by -45.1% to X kg, falling for the fourth year in a row after three years of growth. Overall, exports continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2017 with an increase of 57%. As a result, the exports reached the peak of X tons. From 2018 to 2021, the growth of the exports of remained at a lower figure.

In value terms, exports of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) fell dramatically to $X in 2021. Over the period under review, exports, however, continue to indicate mild growth. The most prominent rate of growth was recorded in 2017 with an increase of 122%. As a result, the exports attained the peak of $X. From 2018 to 2021, the growth of the exports of failed to regain momentum.

Exports by Country

Maldives (X kg), Kenya (X kg) and India (X kg) were the main destinations of exports of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) from Sri Lanka, together accounting for 100% of total exports.

From 2012 to 2021, the biggest increases were recorded for Maldives (with a CAGR of +11.5%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the largest markets for internal combustion engine (excl. diesel, moto vehicle and aircraft) exported from Sri Lanka were Maldives ($X), Kenya ($X) and India ($X), with a combined 100% share of total exports.

Maldives, with a CAGR of +12.0%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average export price for internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) stood at $X per ton in 2021, growing by 32% against the previous year. In general, the export price continues to indicate a strong expansion. The pace of growth was the most pronounced in 2019 when the average export price increased by 49%. The export price peaked in 2021 and is likely to continue growth in years to come.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Denmark (+66.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Internal Combustion Engines, Excluding Diesel (Other Than For Motor Vehicles And Aircraft)

Imports into Sri Lanka

After three years of decline, supplies from abroad of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) increased by 74% to X tons in 2021. Over the period under review, imports recorded a noticeable increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) surged to $X in 2021. In general, imports enjoyed a remarkable increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Thailand (X tons), Japan (X tons) and China (X tons) were the main suppliers of imports of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) to Sri Lanka, together comprising 53% of total imports. These countries were followed by India, Sweden, South Korea, the Netherlands and Singapore, which together accounted for a further 12%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Sweden (with a CAGR of +61.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X), Japan ($X) and China ($X) were the largest internal combustion engine (excl. diesel, moto vehicle and aircraft) suppliers to Sri Lanka, with a combined 57% share of total imports. These countries were followed by Sweden, India, South Korea, Singapore and the Netherlands, which together accounted for a further 9.8%.

Sweden, with a CAGR of +68.2%, saw the highest growth rate of the value of imports, among 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 2021, the average import price for internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) amounted to $X per ton, with an increase of 1.5% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.7%. The growth pace was the most rapid in 2019 an increase of 12%. Over the period under review, average import prices reached the maximum in 2021 and is expected to retain growth in the near future.

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 Sweden ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+4.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

The United States constituted the country with the largest volume of consumption of internal combustion engines, excluding diesel other than for motor vehicles and aircraft), comprising approx. 18% of total volume. Moreover, consumption of internal combustion engines, excluding diesel other than for motor vehicles and aircraft) in the United States exceeded the figures recorded by the second-largest consumer, China, twofold. The third position in this ranking was occupied by Angola, with a 7.5% share.
The countries with the highest volumes of production of internal combustion engines, excluding diesel other than for motor vehicles and aircraft) in 2021 were Japan, China and Angola, together comprising 74% of global production. These countries were followed by India, Thailand, Italy, Bangladesh and Spain, which together accounted for a further 17%.
In value terms, the largest internal combustion engine excl. diesel, moto vehicle and aircraft) suppliers to Sri Lanka were Thailand, Japan and China, together accounting for 81% of total imports. These countries were followed by India and Denmark, which together accounted for a further 8.8%.
In value terms, Maldives remains the key foreign market for internal combustion engine excl. diesel, moto vehicle and aircraft) exports from Sri Lanka, comprising 98% of total exports. The second position in the ranking was occupied by Kenya, with a 2% share of total exports.
The average export price for internal combustion engines, excluding diesel other than for motor vehicles and aircraft) stood at $26,095 per ton in 2021, falling by -40.1% against the previous year.
The average import price for internal combustion engines, excluding diesel other than for motor vehicles and aircraft) stood at $26,355 per ton in 2021, growing by 4.1% against the previous year.

This report provides an in-depth analysis of the market for internal combustion engine (excl. diesel, moto vehicle and aircraft) 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 28111100 - Marine propulsion spark ignition reciprocating or rotary internal combustion piston engines, outboard motors
  • Prodcom 28111200 - Marine propulsion spark ignition engines (excluding outboard motors), spark ignition reciprocating or rotary internal combustion piston engines (excluding aircraft engines and vehicle reciprocating piston engines)

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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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. 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. 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. 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. 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. 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. 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. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. 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

  12. 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

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