Sri Lanka: Market for Iron Or Steel Leaf-Springs And Leaves 2022

Market Size for Iron Or Steel Leaf-Springs And Leaves in Sri Lanka

The Sri Lankan market for iron or steel leaf-springs and leaves surged to $X in 2020, jumping by X% against the previous year. Overall, the total consumption indicated tangible growth from 2007 to 2020: its value decreased at an average annual rate of -X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, consumption increased by +X% against 2014 indices. The most prominent rate of growth was recorded in 2017 with an increase of X% y-o-y. Consumption peaked in 2020 and is expected to retain growth in the near future.

Production of Iron Or Steel Leaf-Springs And Leaves in Sri Lanka

In value terms, production of iron or steel leaf-springs and leaves skyrocketed to $X in 2020 estimated in export prices. Overall, production showed a buoyant increase. The most prominent rate of growth was recorded in 2017 when the production volume increased by X% against the previous year. Over the period under review, production attained the maximum level in 2020 and is likely to see gradual growth in the near future.

Exports of Iron Or Steel Leaf-Springs And Leaves

Exports from Sri Lanka

Exports of iron or steel leaf-springs and leaves from Sri Lanka contracted rapidly to X tons in 2020, which is down by -X% compared with the previous year's figure. In general, exports continue to indicate a significant contraction. The pace of growth was the most pronounced in 2012 with an increase of X% y-o-y. Over the period under review, exports attained the maximum at X tons in 2013; however, from 2014 to 2020, exports failed to regain the momentum.

In value terms, exports of iron or steel leaf-springs and leaves dropped remarkably to $X in 2020. Overall, exports faced a precipitous contraction. The growth pace was the most rapid in 2012 when exports increased by X% against the previous year. Over the period under review, exports reached the peak figure at $X in 2013; however, from 2014 to 2020, exports remained at a lower figure.

Exports by Country

The Philippines (X kg) was the main destination for exports of iron or steel leaf-springs and leaves from Sri Lanka, with a X% share of total exports. Moreover, exports of iron or steel leaf-springs and leaves to the Philippines exceeded the volume sent to the second major destination, Maldives (X kg), twofold.

From 2007 to 2020, the average annual growth rate of volume to the Philippines amounted to +X%.

In value terms, the Philippines ($X) emerged as the key foreign market for iron or steel leaf-spring and leave exports from Sri Lanka, comprising X% of total exports. The second position in the ranking was occupied by Maldives ($X), with a X% share of total exports.

From 2007 to 2020, the average annual growth rate of value to the Philippines stood at +X%.

Export Prices by Country

The average export price for iron or steel leaf-springs and leaves stood at $X per ton in 2020, growing by X% against the previous year. Over the period under review, the export price showed a resilient expansion. The most prominent rate of growth was recorded in 2017 when the average export price increased by X% y-o-y. The export price peaked in 2020 and is likely to see gradual growth in years to come.

Prices varied noticeably by the country of destination; the country with the highest price was the Philippines ($X per ton), while the average price for exports to Maldives amounted to $X per ton.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines.

Imports of Iron Or Steel Leaf-Springs And Leaves

Imports into Sri Lanka

In 2020, imports of iron or steel leaf-springs and leaves into Sri Lanka reduced dramatically to X tons, declining by -X% on the year before. Over the period under review, imports continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2009 when imports increased by X% y-o-y. Imports peaked at X tons in 2011; however, from 2012 to 2020, imports failed to regain the momentum.

In value terms, imports of iron or steel leaf-springs and leaves shrank notably to $X in 2020. Overall, imports showed a deep downturn. The most prominent rate of growth was recorded in 2009 when imports increased by X% against the previous year. Imports peaked at $X in 2011; however, from 2012 to 2020, imports remained at a lower figure.

Imports by Country

Japan (X tons), India (X tons) and China (X tons) were the main suppliers of imports of iron or steel leaf-springs and leaves to Sri Lanka, together comprising X% of total imports.

From 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India, while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest iron or steel leaf-spring and leave suppliers to Sri Lanka were India ($X), China ($X) and Japan ($X), with a combined X% share of total imports.

India recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average import price for iron or steel leaf-springs and leaves stood at $X per ton in 2020, waning by -X% against the previous year. Over the period under review, the import price, however, enjoyed mild growth. The most prominent rate of growth was recorded in 2018 an increase of X% y-o-y. The import price peaked at $X per ton in 2019, and then contracted markedly in the following year.

Prices varied noticeably by the country of origin; the country with the highest price was India ($X per ton), while the price for Japan ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by China, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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