Sri Lanka: Keyboards Market 2024

Keyboards Market Size in Sri Lanka

The Sri Lankan keyboards market declined remarkably to $X in 2022, reducing by -53.8% 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 saw a noticeable decline. As a result, consumption reached the peak level of $X, and then dropped dramatically in the following year.

Keyboards Exports

Exports from Sri Lanka

Keyboards exports from Sri Lanka soared to X units in 2022, picking up by 58% on the previous year. Over the period under review, exports, however, continue to indicate a perceptible decrease. The pace of growth was the most pronounced in 2014 with an increase of 534%. Over the period under review, the exports hit record highs at X units in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, keyboards exports rose to $X in 2022. In general, exports enjoyed a slight increase. The growth pace was the most rapid in 2014 with an increase of 639%. Over the period under review, the exports hit record highs at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

China (X units), the United States (X units) and Taiwan (Chinese) (X units) were the main destinations of keyboards exports from Sri Lanka, with a combined 83% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Taiwan (Chinese) (with a CAGR of +49.8%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) emerged as the key foreign market for keyboards exports from Sri Lanka, comprising 75% of total exports. The second position in the ranking was held by Maldives ($X), with a 4.8% share of total exports. It was followed by India, with a 2.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States stood at +24.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Maldives (+2.7% per year) and India (+46.6% per year).

Export Prices by Country

In 2022, the average keyboards export price amounted to $X per unit, waning by -34.5% against the previous year. Overall, the export price, however, recorded a noticeable increase. The growth pace was the most rapid in 2018 an increase of 106% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2021, and then dropped markedly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Qatar (+117.6%), while the prices for the other major destinations experienced more modest paces of growth.

Keyboards Imports

Imports into Sri Lanka

In 2022, after two years of growth, there was significant decline in purchases abroad of keyboards, when their volume decreased by -49% to X units. Overall, imports recorded a pronounced decrease. The growth pace was the most rapid in 2021 with an increase of 134%. As a result, imports attained the peak of X units, and then contracted dramatically in the following year.

In value terms, keyboards imports fell remarkably to $X in 2022. Over the period under review, imports recorded a pronounced contraction. The pace of growth was the most pronounced in 2021 when imports increased by 59% against the previous year. As a result, imports reached the peak of $X, and then reduced notably in the following year.

Imports by Country

In 2022, Hong Kong SAR (X units) constituted the largest keyboards supplier to Sri Lanka, with a 45% share of total imports. Moreover, keyboards imports from Hong Kong SAR exceeded the figures recorded by the second-largest supplier, China (X units), twofold. The third position in this ranking was taken by Singapore (X units), with a 15% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Hong Kong SAR stood at +2.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+8.2% per year) and Singapore (-10.2% per year).

In value terms, China ($X) constituted the largest supplier of keyboards to Sri Lanka, comprising 51% of total imports. The second position in the ranking was held by Hong Kong SAR ($X), with a 7.5% share of total imports. It was followed by Japan, with a 5.5% share.

From 2012 to 2022, the average annual growth rate of value from China stood at +4.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Hong Kong SAR (-0.9% per year) and Japan (+25.5% per year).

Import Prices by Country

The average keyboards import price stood at $X per unit in 2022, dropping by -15.6% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the average import price increased by 61%. As a result, import price attained the peak level of $X per unit. From 2020 to 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Philippines ($X per unit), while the price for Hong Kong SAR ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+13.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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